This down move is exhausted. Let the pair rest, and go make a 1,2,3 bottom. A one-two-three bottom (as labeled) is like a double bottom but the bottoms don't have to be exactly even. That is why I said 1,2,3 bottom. You can think of it as a double bottom. At the end of the double bottom, go long. All of this will take several days this week to develop. Be patient and you can track the progress of the double bottom, but get ready for a up move after the double bottom.
I thought it was impossible for a pair to grow continually without a correction, specially when the rest of the market went through a correction. I thought it was impossible to enter a new bullish wave without retracing first; I was wrong about Tron. Whatever I thought or believed didn't change what is happening now with TRXUSDT. It is growing straight up. I learned a few things though. You can never underestimate the market. We can't underestimate Crypto; the future of finance, the evolution of money, more valuable than gold. I was wrong about Tron but, in my defense, you can't win them all... I've been wrong many times before. From these mistakes we learn and in the future, I will do a better job. Thanks a lot for your continued support. Namaste.
It's imminent, it's gonna happen soon, unless something unusual in the world happens to trigger a sell of in BTC and in the market in general. Long idea. Follow me for more tios and ideas
I haven't updated my DXY analysis for a while. So let's dust it off. The last update was in September when the atmosphere was changing in a way that we couldn't predict the US Election clearly and for a short period, the market thought the results wouldn't be as it is today. That was why I was a bit bearish on DXY. By getting closer to Election Day the clouds were going away and it got easier for the market to see the outcome. So, it strengthened the dollar while weakening the Gold as we expected the geopolitical tensions to cool off. What's next? For now, I see the 10-year bond yield can show a bit more weakness to come just below 3.99%. Then after that, we should update our analysis and see what comes next. But I think ~4% is low for now and after that, I like to see a jump back up. In this short-term correction DXY would follow the 10-year bond yield and most probably come into the range of 104 to 105. That's also can be a small driver for Gold to go higher a bit.
Like this weekly chart. Hold a few hundred ga-zillion or about $100 last year. LOL. Its inevitable!
TREND According to the current wave structure, it is still in the uptrend . However, head and shoulders formation is a powerful reversal indicator. It has not formed a channel yet, but a probable channel can be estimated as on the chart. Moving Averages It has been recently listed in the stok exchange, so not possible to make substantial analyses. SUMMARY Based on this analysis, a price action following the blue arrow is highly probable. Such a price action also generates a bullish harmonic pattern .
Looking at Bearish PA to coincide with USD rally. CMP is at a bearish PD array
Nice jump from $19 to $26+ in 1 month and still bullish with positive supertrend signal. One resistance zone...not too bad gonna retest this and then jump up to 50% Fibonacci.
? GBPUSD Update The 4-hour chart shows strong signs of a bullish reversal: - A notable inverted head and shoulders pattern has formed. - The neckline of this pattern, along with the resistance line of a descending parallel channel, has been broken. I anticipate further upward movement from this point, with a target of 1.2833.
good Idea for BTCUSDT BTC ready for n new ATH.. upside cannel ,,,, braek and pullback On trend braek and pullback On EMA400,200,100,50 15M TF