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Nextmove

USDCAD - SellOff, Rally.. or both?FX:USDCAD what will we see next with USDCAD? If you click on my chart, hopefully you can see what I see; if not I'll guide you through it. March 19th, 2020 - September 1st,2020 (the very start of the COVID-19 Pandemic) USDCAD's value went down an estimated 1650 pips. On September 8th, 2020 price broke out of a falling wedge pattern; therefore causing it to rally up until coming down and making its new higher low. Price began forming an uptrend once again after making this new higher low. If price startes to curve after hitting point C (1.348-1.345) we will see a sell until off past this higher low ( until around 1.295-1.3).
by SmoothhhPips
5
This is not the bullflag that you've been looking for!!!Heya All, traders, hustler, busters, money movers, ass shakers and my FOMO crowd! We gad very interesting development taking place during the last 2 days. As it was predicted in my previous post we had nice stop hunting action taking place as well as small 200$ dump, which as predicted pulled back quite nicely and now it is giving away some of it's bullish momentum. What we see now is a formation which is resembling the bull flag, but it really is not and I don't expect it to act like one. If anything, I am still looking for a further downside move. Here are important stuff that we have to keep our eye on: 1. we have broken out from the accending price channel and it looks like the price action tries to either move to the descending channel or form completely new trajectory. (Will chart the new price channel in upcoming posts). 2. All high and low timeframe momentum oscillators are pointing to the downside, which means that we most likely will see at least another 200$ move to the downside before oscillators become bullish again. 3. Mainly, high and low timeframe volume oscillators have again crossed the zero line and are accompanied with money frow in red .... you know what that means? It means that we are going to continue stop hunt and have another sizable dump. Conclusion: - Be vewy vewy caweful with your trades - Anticipate the dump anytime within the next 8 hours - Keep your Short stoploss above 10450 and - Go long from the area bellow 10150 but make sure that you let the short move cool off before entering the long trade. Cheers, and stay safe! If you like my insightful analysis please subscribe and like this post. Archie
BITFINEX:BTCUSDShort
by akublashvili
Bitcoins resistance and support. Bitcoin can be on a new run In my honest opinion bitcoin is shooting upwards at the moment because institutions are buying up slowly. We are a great deal of people who believe that btc/blockchain is the future. The posibillities that a decentralized economy and programable money gives, are way more than any printed fiat system will be able to give us. A more sofiticated economic system, fully transperant and with full ownership/non inflationary, this is the future. Institutions are fomoing, and they better be or else they will be left in the dust. This is whats happening. Accumilation, then a spike in price. Then we might see a significant pullback. If we take a short look at the RSI, BTC is way overbought at the moment. So if we look for patterns, we might see a drop soon and then a continueation to the upside if volume keeps up. Reading the charts and the patterns.. suggest that when we hit the next halvening, we will hit a new ath. In my mind we will hit around 40 k to 50k and then a new bear. But this time the lowest we will go might be around 6k. The cycle will continue till bitcoin has finally build a full functional infrastructure and a UI that is not only made for the few. Till then guys. HODL and buy up at decent levels. 5 -10 years down the road u won´t have a single regret
COINBASE:BTCUSDLong
by Mr_Project
Bitcoin visualizing next outcomeThis is a visualisation on bitcoins next move. As we see, we have formed 4 consecutive higher lows on a longer time span. Im positive this pattern will repeat again. U can see on my drawing, what I visualize will happen. When we will hit a higher low, close end to september, a bearish sentiment is in, for hitting a new lower low. Putting bitcoin at a realistic support area of 5500 to 5400. Or maybe even slightly lower, the typical nature of bitcoin is to spike a lot lower or higher than expected. Please let me hear your thoughts Have a nice day Mr. Project :)
BITFINEX:BTCUSDShort
by Mr_Project
9
Bitcoin - BearsVsBullsSo once again Bitcoin is on a critical point in which holds two possible scenarios. Continue downward movement to the next strong support around 6.7k level or rebound back to the resistance at around 7.4k. Its still in an ambiguity creation scenario to say where it is heading but from the above two scenarios testing the 6.7k is more likely the one to happen. Both 50EMA and 89EMA are above the price and still not showing any huge impact on the price the last two days. RSI is at around 41. By this if the 50MA continues and price keeps falling, then price should find support at the next support level around 6.7k range. Conclusion : A further price drop from the current level is the most likely scenario however that changes if the 50MA become under the price to hold the price up we might see another leg up towards the 7.4k "Bears" teritory.
BITFINEX:BTCUSDLong
by cryptotalk_et