1d
Bitcoin above 42k!Bitcoin managed to break above 42k and we are retesting the important resistance level right now and it seems that we get a daily close and confirmation above. You can make the case that this is a cup and handle with a target of 54k. If we reach the target we are maybe consolidating a bit or forming a bull flag. I think that if we can hold above this level we are very soon in a weekly bull market.
GBP/USD 1D We can see a reversed head and shoulders. We are likely almost in the middle of it. I bet on a long position from the half of the head to rocket the price up to the right shoulder. Multiple positions could be opened through the whole pattern to collect a few hundred ( maybe thousands ) pips!
ETH Analysis (1D)Ethereum doesn’t look globally good, as well. What we have is a descending triangle with the flat support which is a bearish pattern.
Moreover, there are even two strong resistances that keep $ETH from growing. Once the $1800 is broken, the massive down trend will be confirmed.
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BTCUSDTThree Determinant Limits for Bitcoin
The first and defining area was the green area that prevented further bitcoin from falling, which included the support zone and the channel floor area.
The second limit is the price range of 63,000, and if Bitcoin can break this range and stabilize above it, we can expect that Bitcoin will maintain its upward trend for at
least half a year. But if it fails to break this resistance zone, the doublet trend will decline and it will at least reach the bottom of the canal again.
The third determinant range in this range is the risk of investing in bitcoin, so if the downward trend of bitcoin is expected to fall sharply, first to the price range of 49,000 and then continue to fall to the price range of 41,000 and finally the price range of 30,000 Touch.