USDCAD Short Expected to fall -Bank of Canada surprisedHello Traders
Here is a new Short Opportunity
💹USD/CAD - SELL STOP
✅ Entry @1.24400 or below
✅TP-1# 1.24200
✅TP-2# 1.24000
✅TP-3# 1.23900
✅SL# 24.900
The Canadian Dollar is coming off of a big week after the Bank of Canada surprised by announcing an end to their QE program. This happened on Wednesday and brought a strong push of CAD-strength into the mix, as USD/CAD dropped down for a test of the 1.2300 handle.
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DROP
Warning Signs for BTC short term drop!Bitcoin is showing some Strong reversal signs for at least short-term drop.
Let's look at all those points that might be pointing towards a pullback or short-term drop for BTC -
1) Shooting Star or Inverted Hammer on Weekly of Bitcoin and on same time Bitcoin went up with decreasing and low volume which is VERY WORRISOME :-
2) Head & Shoulder on Hourly :-
3) Potential Completion of Wave 1 in Bull case for BTC :-
4) Potentially Irregular running flat or maybe Expanded flat possibility for Bitcoin :-
5) 10 Years Yields might be looking bullish for at least short term and might be going upto 2.4/2.5 and touch highs of downward channel :-
6) US Dollar also looking somewhat bullish for short term :-
7) Big Money doesn't have good reasons to buy Bitcoin at high levels.
8) This is Earnings season for market and especially this week has big companies earnings so you never what might happen.
I am creating this post to raise some points that might be valid for bear case for Bitcoin for short term. Feel Free to share your thoughts in the comment section below.
However, I would love to be wrong as i am long as well for long term and would love if Bitcoin continue it's Bullish run as it would be better for all of us.
In the end, stay safe. And Enjoy everyone.
What is happening to BTC / imminent DROP ?????? let me tell yaBTC is not looking any good.
We see a descending triangle + head and shoulders pattern (yellow line).
I am NOT expecting BTC to go further below the 58k level since this has proven to be a strong support level.
If the 58k level gets broken and a daily candle closes under that level - the bullish run would be in DANGER and things will look very bad.
Stay tuned.
What is happening to BAKE - BAKERYSWAP ?????? let me tell yaBake did surprisingly not surpass the previous resistance level at 2.10 USD.
I see this however as a great buy-in change.
Bake is currently struggling at the support level of 1.85 USD.
I see two ways this is going:
1) (green line) BAKE will bounce for a while at the current 1.85 USD level and then continue the run towards the upside.
2) (red line) WORST CASE: Bake will touch the support levels of 1.70 USD again to then continue the route to the moon.
BAKE is a great DeFi and NFT project based on the Binance Smart Chain.
I will definitely wait for a further dump and buy-in!
Cheers.
Downward GOLD RUSH!We've reached a major pull back point on GOLD, after some consolidation earlier today a drop was imminent as we started to loose upward momentum. If you missed the previous drop/rise today or got blown out from the spike, here's your chance to recover/profit. I'm expecting GOLD to make it's way down to the 1750 area in the coming days with minimal pull back. If the candles can break down past the 200 EMA line it should be a nice ride down. Take notice that the upward spike earlier was after a touch on the 200 EMA.
ADA Bearish.Hello everybody, today is Monday and Cardano is not looking great yet.
I am expecting ADA to go even lower than the actual level hitting 1.9ish during the week.
I would not suggest any of you to buy now, I noticed a lot of influences and pages are pushing people to buy the "dip" when the actual dip is not here yet.
This is my personal opinion, do not trade nor invest based on somebody's opinion.
Thank you for viewing this post ! Have a fantastic trading week.
Incoming potential Avalanche (CHFJPY)Since price has been failing to break and make new highs
I forsee an avalanche. The convincing factor is that
there seems to be a clean divergence in the RSI
on the daily time frame.
Looking for a break to downside.
Of course nothing is 100% in forex!
trade safe!!
BTC Heavy Fall Again?Bitcoin has been in the downtrend for almost 10 days and shows signs of wanting to fall further.
If this time it hits its lilac resistance and goes back down, its fall will be more definite and it can easily break the 46700 resistance down.
There is no definite opinion, but my opinion is that bitcoin wants at least a bigger drop, and heavy BUY ORDERS in the range of 40 to 44 can throw it to 50,000 and the hit its ATH soon ...
USDCAD: Can You See It?Price is playing around a key structural area but is failing to push higher!
Could this mean that price wants to push lower to take out the equal lows?
I believe price will play around this area and lure some buyers in before it collapses to the lower regions marked.
Once this has been completed we can look to buy!
Let me know your thoughts in the comments below.
Bitcoin dropThe current trend is upward ... but we see that the higher the price, the lower the volumes ... as well as the divergence of rsi and macd line indicate the weakening of the trend ... as well as the rising wedge pattern, which is a strong reversal pattern The price level of 40,000 or 42,000 seems to be a good support level ... If this level fails, the decline to 29,000 may continue.
"XRP to the moon!" - they say...Within a couple of months, I watch over this chart. And wait a lot this diagonal structure. Now, I hope, that the nearest big drop put dots in places.
It's too much happy news around Ripple. This can't be so clean and simple.
Get ready to buy XRP much lower, than it is now!