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gbpjpy analysis - 27 mar 2023okay so on GJ it's a bit of a tricky one but i'll try put it into words... - firstly i identified the overall trend to be bearish on the daily and weekly as well - down to the H4 market has been bullish since friday morning but then it turned bullish after creating a lower low, so right now it could be going up to form a new lower high but we will see - so i'm currently waiting for market to get to my 161.599 zone and see what it does when it gets there but i will be anticipating a bearish move once it gets there - or waiting for a breakout of the zone on the H1 to go short as well but we sit and wait to see what happens
Short
by K0KETSO
We have hit our target of 25k consistently for last few days. Well, as any other person, I would also like to take a time to give a pat on back since we have hit our targets in BTC. 25K is done. Now what to expect? While there is increased trading activity due to some events, its still not looking overlay positive for BTC in long run. I expect it to face resistance here and fall back to see if there are whales willing to push further - I doubt there are. This will be a strong long term resistance and we will see price bouncing between this and about 18k regularly. At least for few weeks. Lets see what BTC holds for us, personally we are closing all the longs. Not entering shorts just yet though, as system hasn't given a short signal yet. Lets wait and watch.
INDEX:BTCUSD
by Pratik_4Clover
20/02/23 Weekly outlookLast weeks high: $25301.6 Last weeks low: $23314.8 Midpoint: $21328 BTC reached the local top of 25k and presented the market with a big question of would price break above this previous top, or reject and break down lower? As of now the bearish result seems to be playing out, however I still wouldn't be surprised if the supply zone doesn't get tagged above the 25-25.5k as that has not happened yet just to take liquidity before breaking back below. However, if price is accepted above that zone 28k is the next stop.
by ProR35