Another chart regarding silver.A very possible outcome in silver as observed on the chart. We could see such action in silver - it will be very interesting to see.
Possibility
EUR/CADpossible H&S being formed
if so, this is a nice short sell set up of entry points i'm looking at
Bitcoin: BEARcoin, SIDEcoin, or BULLcoin?Hello Traders! Bitcoin as of the moment is very volatile, so prices will go in any direction possible. So today, I present to you the 3 most likely scenarios for BTCUSD.(not in order of likeliness)
1. A Head And Shoulders Pattern is Forming
An H&S pattern may be forming. If it happens, the Left shoulder and Head are already formed. The right shoulder is on the first half of its life. We still have to wait for confirmation if this pattern will happen.
If this happens, we can expect a steep breakdown with a heavy volume of the $30k support for the price to tumble to the next support of $25k.
2. Consolidation in the 30 to 35k range
Bitcoin may consolidate into the 30 to 35k range, as the 35k zone is already resistance. This will happen if the market is still deciding on when to be a bull or a bear. Consolidation may last for 2-5 days only, because of the current volatility of the market right now. After, it is a matter of up or down.
3. The Bitcoin uptrend will just continue
It is possible that the Bitcoin bull trend will just continue. The 3-times-hit-by-steep-pullbacks bullish trendline still isn't broken. If this scenario happens, we can expect a rally to 40k, and we will see what happens after that. Either a double top or a bullish continuation. And mysteriously, there is a Bitcoin cycle... check the Related Ideas below. Still, we have to wait for confirmation, by breaking the 35k resistance.
What do you think? Are you a BULLcoin, SIDEcoin, or BULLcoin? Tell me in the comments below!
Thank you for reading! Make sure to like and follow for more!
xrpusd 02/01/2021i think could be a pottencial wyckoff acummulation but still dont know whos shesmatic is
Trade the range -BTCUSD 1hNext major resistance is 29039$. Can have a bounce from 25804$ support or break down to 24360$ - keep an eye on 25804$.
COULD WE SEE A LONG ON GBPNZD?GBPNZD has reached the bottom of a falling wedge flag, and around a very popular supply/demand zone. We could see longs in the near future.
Possible buying Opportunity on USD/CADAnticipating the third touch on this supporting trendline and break-out before we see a big push to the upside . Thank you!!
Trade-well
Use proper risk management
AUDUSD (Weekly Time Frame) I see a down Trend Formation being broken and then retested for an upcoming uptrend formation.
Thoughts? Opinions? Do you agree or disagree?
FTR Short Opportunity Frontier recently pumped ~30%, while still in a downtrend, this is an opportunity to short. Sitting at the top of the downtrend a short opportunity is now! The possibility of the breaking of the long term downtrend is always there so be sure to use stop losses.
Short the possibilities of GBP1. We are already in the position of the weekly resistant area where the last huge reversal was done. There's a huge possibility a pullback should be made for further upward movement.
2. At Britain's current position, market should look for the ranging situation, this pricing is at the best setup for ambiguities to investors.
3. I believe we are seeing an exaggerate pricing for GBP, surreal but real that the pricing moving to this range.
USOIL - One Potential Path - Neutral TriangleHey,
Had a look at USOIL - there are a few possible patterns that may be playing out on it (it's surprisingly ambiguous - this pattern is not what I had originally thought for it, but it is a possibility).
The pattern shown here is a Neautral Triangle for Wave-2.
We should continue up to ~$95, at which point we will reverse back down to ~25, then begin the MASSIVE ascent that will be Wave-3 (World War III...?).
Other possible patterns that I am considering are:
-Currently in a zigzag, getting very close to beginning Wave-5, which I would guess would take us to ~$20 by year end.
-Currently we are in Wave-B of Wave-B of a flat that makes up Wave-2. This would allow us to rech the ATH again, possibly break it, but would require us to complete a downwards Wave-C, which would be painfully long (2040-2050 likely before it completes).
Not sure which is most likely, but all are possible right now I believe.
Not trading advice.
Possible Long Term View Of BTCI have been pondering over this long term view for some time, it is quite interesting actually. Given that the current possible correction we are in is given a chance to play out, we could soar to new heights in the coming years. A lot of factors have to line up correctly for this to be a reality, but I thought it to be an interesting possibility. Thought I would share it with the community, happy trading all. Cheers...
possible scenarios the next few daysbased on trendlines, support and resistance these are the two scenarios i think are very possible. IF scenario SHORT plays out, we will get a relatively big pullback to ~$1320 - geopoliticaly i think the LONG scenario plays out, but we never know what trump tweets next, so, stay safe guys!
Bitcoin based on 2015-2016 historical chartMade this chart based on 2015-2016 chart. It is possible that we would not get lower than low of Dec 10.
It's a speculation chart based on historical pattern. Although, if this is what we get than we are consolidating between 4500 and 3400 until ~ August. Long term bull run to start in the end of summer 2019. Also look at blue arrows, you can clearly see it becoming more and more vertical.
Look at it as a possibility, not probability! This is contrary to what I've posted before on monthly perspective. We need to look at this from various angles.
Take care!
EURUSD Possible Long ? EURUSD has broken out of my large structure/support line but not with much surety. Looking at the latest 4hr chart and it seems bullish may have gaining strength to go nearest 1.13500 level. On the other hand The US Dollar Index, which advanced to a fresh 2019 high of 97.37, was last seen down 0.1% on the day at 96.90. Investors may also be looking to book their profits ahead of the weekend and bring in some extra selling pressure on this pair.
Fundamental--> The data published by the Eurostat on friday showed that the trade surplus in the euro area narrowed to €17 billion in December from €19 billion in November. Later in the day, European Central Bank board member Benoit Coeure said that the slowdown in the eurozone was clearly stronger and broader than expected. Coeure further added that the ECB has recently discussed the possibility of a new TLTRO to further weigh on the shared currency.
Next week is gonna be interesting. We can look for the average bullish and bearish movement on monday and figure out if its giving us the opportunity to buy..!
Bat Pattern forming. Waiting for the D leg to complete for a BUY on the Bat Pattern on the 88.6 %. Take profit 1 for 28 pips more.
EUR/AUD - A possibility of a down move.- Okay, guys, finally the price broke the wedge pattern and it looks pretty good and clear on the 1H time-frame.
- Now let's patiently wait for the price to give us an entry and if it does that looking at the daily time-frame it's easy to say that we will have a pretty nice run to the downside (around 100-200 pips).
Possible XAUUSD Set UpA break of this rising-wedge to the downside would activate shorts. If we don't get a break to the downside shorts would not be active.
