Tehnicalanalysis
BTC/USD key support and resistance levelsGood day! I haven't posted my analysis in a while. I think the time has come) Now we are at an interesting level on the chart, further movement will determine the trend for the midterm. I have marked the key support and resistance levels on the chart. Below 4400 BTC rate is not predictable, it can Scam)))
EUR/AUD Long opportunities.Head and Shoulders pattern neckline break, possible move upside to 1.6400 zone.
SPX - Long opportunitiesAfter Fed interest and Trump tweet price made little pullback 38/50 fib zone. Fifth bullish leg start forming.
CAD/JPY - Long opportunitiesUp trend continues, ABC pattern. Trendline broke and retest, AO shows bullish momentum.
AUD/NZD - Short opportunitiesAUD weakening continues , struggle consolidate previous low zone. Triangle pattern broke, one more ABC leg downside.
AUD/CHF Short opportunitesBearish momentum, GAP retest close below. ABC pattern, 38fib bounce lower.
I like to play XRP Ripple on 15 minutes timeframe15 minutes timeframe
we are going to retest
First Channel
Second target, last bottom on picture.
EUR/GBP - Short opportunitesDouble top, MACD divergence with bearish momentum. Cloud bounce retest, sell off.
USDCAD Outlook 4.5.2019IMO Overall Bullish , 4H Chart, waiting for third touch of T.L. Retest of psy level of 1.3400 , continuation or reversal will se, wait for price action !
XRP/USD Descending triangleXRP/USD pair is forming descending triangle on weekly timeline. This formation is bearish, and the range become extremely tight, last time this kind of formation is seen, bitcoin broke its 6K support. The more tight range become, the more brake will be violent. Compared to BTCs 6k brake, the XRP drop could potentially be 50+%. As the range is getting close to the end of triangle tip, the brake is imminent. As there is very high coherency between Bitcoin and other alt coins, the dump must happen simultaneously on BTC/USD and XRP/USD to get some follow thru on XRP/USD. If the BTC/USD start to moon the XRP/USD will probably brake to upside and nullify the bearish formation, due to high coherency.
Pros:
- Unable to close and stay above weekly EMA 12, which indicate weakness.
- Lower high after lower high, meaning there is no trend reversal in sight.
- Research proved that the ~95% of volume on exchanges is fake, meaning low liquidity.
- RSI has a lot of space for downside.
- No capitulation candle and V shape recovery in crypto market as a whole.
Cons:
If BTC start to moon.
BTCUSD - STOP DISPOSALWe see that there was a powerful movement from 3905 to 4282. During this movement, we see several accumulations with a continuation to long. The price made a false breakdown at 4215 and impulsely went down. Now I expect that the price will go to collect the stops of the longists, who traded from 3905 to 4282 and put stops under their savings!
Goals are 3631 to 3523, since there is the latest accumulation and unclosed level.
USDJPY SHORT 80 PIPS ANALYSIS:
1) Triple rejection at the support line of 112.20
2) Bearish candlesticks formed
Trade Targets:
T/P: 111.05
S/L : 112.21
Another impulse for Raven?It is very overbought but still pushing forward. Raven team might have some trump card I dont know about. In any case, if red resistance zone will be crashed, Raven should grow more.
GOLD - Long opportunities.Big long impulse - consolidate - Flag patter, bounce@38/50 fib zone...breakout and retest, long wick, new LL. Retest previous high.
TRX Short TRX will go down to
- fib 61.8(660-630) and will grow to fib 78.6(~ 740)
- fib 38.2(530-500) and go to fib 61.8
STOCH and MACD is low but RSI is neutral zone
I will re-enter in TRX at fib 61.8 with 25% and at fib 38.2 with 75%
