Bitcoin flies to the 72/000 channel Baa falls $ 8000
As I said before, , to the weekend, we will have an upward trend to Channel 72
As a result of the money triangle where the left wing of the bat is in the $ 8000 channel and the right wing is stretched to the 72/000 channel, the weight of the left wing will cause fatigue of the right wing and thus fall to the $ 8000 channel. will be
The fall to Channel 8000 will be final until May 25, 2021
The second wing of the bat is opening for the next leap to the 72/000 channel
The first wing in the channel is $ 8,000
The weight of the first wing causes the bat to become too tired, and the second wing, which opens up to the $ 72,000 channel, will fall down and be pulled into the $ 8,000 channel
The money triangle, which is the second wing of the bat, does not form
The 60-day resistance wave is shaky and leads to drift
Trendanalyisis
EURJPY H1, possible sell coming...Dropped to the H1 time frame for a more detailed picture of what price is doing. Currently forming lower highs and creating a flag pattern. Once price does not cross above the Daily resistance zone we can start looking for reversal patterns on the lower time frames for a sell entry.
BEAR Momentum | GBPAUDWeekly - We notice a major exhaustion which mean the market is ready for the downside
Daily - Major Support ans Resistance is set with the market testing the Major Resistance and also made its High after the huge exhaustion with a bearish candle
4HR - The market created a major Resistance which is a Double Top, but on 1Hr we see it test that resistance 3 times. This rejection is a confirmation that the market cant break the resistance after the major exhaustion.
How to ente r - We look for a retrace and enter with Price Action using candle stick analysis or retracements
EURCHF Channel Trade for short term long sideas EURCHF chart shows it is trading in down side channel.
it may trade for while in upper part of channel
one can trade for long if sustain in upper channel with channel mid line as support
if mid price break mid line of channel EURCHF will trade in channel for while. f it break channel towards upside we may see price will move towards 1.0800.
$BTCUSD - Bitcoin Technical analysis - Bitcoin is being Bullish!Hello Everyone!
Hope you are liking our analysis so far.
Today DMA's are giving bullish signs again, as DMA 50 has crossed DMA 200 upwards in the charts.
And is giving a strong signal of bitcoin being bullish.
As we have earlier said that " HISTORY REPEATS ITSELF " ,So here we can see that on
25th Oct 2015 it was the first instance when DMA 50 crossed DMA 200 and it rallied to mark the all time high and then on
25th April 2019 it crossed it again and it gave us a huge return.
Lets hope for a bullish rally again.
Also, please do Hit LIKE and FOLLOW button if this idea makes sense to you. Please do your research as well as this is not financial advice!
Thank you very much for all your support and love
Yo Crypto
USDCAD LONG TRADEAfter we ride the impulse move to the down side and made 200+ pips profits. now its time to ride the correction move to the upside. currently price creating a inverse head and shoulder that give us a chance to go long. look for the rejection around S/R zone on the highlighted area before placing any long trade.
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LINK IN BIO!!
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LamchiuFX
AMZN Long Term Potential DownsideAmazon went from 5 bucks to 115 nonstop during the dotcom bubble. 2000%+ uninterrupted growth. It collapsed back down to 5 bucks during the crash.
Since recovering, Amazon has gone from 100 bucks to 2000 nonstop the past 8 years. 2000%+ uninterrupted growth.
Losing these weekly levels below would be baaaad. Could stop at any of those levels below but theres downside to like 100 bucks.
2000%+ uninterrupted growth = Sketchy.
wait for breakoutWe expect that LTC will continue the downtrend, but it will to retrace a little into the upside, to take a short trade we will wait for confirmation by breaking the uptrend, and for more confirmation, breaking the latest low. pentrating above WAVE A will corrupt this specific scenario but NOT the entire downside view.
let's prepared for this scenario and watch out!
Happy trading!
GBPUSD DAILYPrice making higher highs & higher lows. Nothing indicating a trend reversal price came down to 61 8 zone / Daily support and respected it. I expect the US dollar will get weaker as well & am looking for a higher high to form @134.50 zone. Nice setup here entered long with a small entry for now & will be adding more on the way! possible 500 pip trade here will be watching closely : )
Drop a like & comment if you agree or have any comments to add!
Thanks! Trade with care!!