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#analysis 59 - Weekends endSo the weekend has finally come to an end, and we can see there's not much altcoin flied far. Now Bitcoin has come to a consolidation phase. Not pretty sure how it go, so flat now. But I did check the chart of FTT. It seems that pretty good if we reach the lower part inside the range. Look forward to going to the range high if we made a bounce down below. However, the SL should be at around the range low, not below the OB for safety. Why? The range low has already tested for 3 times, which is not pretty good for general cases. Also, now not pretty sure how Bitcoin go in the new week. We'll set it when Monday ends. So let's take a rest for another day.
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by p3nchan
EURUSD short term view The fiber has created a bearish cypher in h1 chart and now it is going to have a pullback towards the 200-hour simple moving average. Then in the larger picture we can notice a ranging trading where the price has created two false breakouts below the support line, as soon as the price reaches the 200-hour sma we should consider a possible rebound because the pressure of the buyers is increasing these days (especially yesterday). We must wait the NFP because it can create high volatility on the pair. Enjoy your trading!!
by Dragon_Investments
EURUSD before NFP EURUSD is still trading sideways after breaking above 1,0210 yesterday and basically showing no strength for a downside move. It's now heading towards the main resistance below 1,0300. Every next time we see a test of that it will be much likely to actually see a breakout as well. Today, NFP will be published. This is an important economic event for the market and we should see some reaction. We will be looking how this pairs will behave around the resistance but right now we don't have any entries here on EURUSD! There are better opportunities on the JPY cross pairs!
by ForexTrendline
2
On the Track Hi everyone, Yesterday we talked about how Bitcoin might be entering a new range between the support and resistance displayed, as it bounced from the 0.5 Fib level. A very important notice that on DOTUSDT, we have formed a head and shoulders and we are right now retesting the support level, which is really bullish as it is a reversal pattern on a higher time frame (Daily). Also on DOTUSDT we have formed a bullish reversal candlestick pattern, although I am not a big fan of candlestick patterns because it is usually too late to enter when you see them, but they might be helpful when looking for confirmation. For Bitcoin, we are still on the same plan as yesterday, as we did not quit the wedge we are in and as it bounced from the support we talked about on our latest post (link down below). In conclusion, we are forming good structure inside the wedge and volume is increasing everyday, which means that there are strong participants entering the market since the last month. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
Step by StepHi everyone, Yesterday I mentioned that we are going to do a retracement to at least the 0.5 Fib level (Which we just did), and I also gave a free signal on DOTUSDT, which is up 7% Right now. (I really encourage you to follow me top not miss these opportunities). At the present moment, we are seeing a clear rejection from the same Fib level, as we are also on a support that acted as a resistance previously. I think that we might be entering a range where we might bounce from this support then reject the resistance right above it. Another move that might less likely to happen but happen too, is that there might be some liquidity that resides below the support that we are talking about, so the price might try to take that liquidity, but it usually does not happen in these scenarios. In conclusion, I think that we are going to have a slow start this month, which usually happens in the month of August, but I think that are preparing for a good mid-term bullish move. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Long
by yassin_khanji
8