IkanBilisCapital

IkanBilisCapital

The aussie dollar saw itself correct to the downside after an amazing in the last week of August. We think that the correction is over and the risk on pairs like AUDUSD looks set to blast off to the upside. BULL CASE Targets lie at 0.76 where we could see another bout of consolidation before even more upside. BEAR CASE If price continues to correct to the...

IkanBilisCapital

SNX is another coin that has not pumped in the recently rally, we think the bullishness for the entire crypto space will spread like wild fire and it's only a matter of time it reaches the SNX camp. BULL CASE Price may find immediate rally from, blast past it and find consolidation well above the 200MA near the $20 levels. BEAR CASE In the event price dumps...

IkanBilisCapital

FIL is another undervalued project that hasn't kept up with much of the bullish buying happening this entire month. It has strong fundamentals as its partnerships and grants program takes off to fund ideas that will extend the reach of this new world of finance. BULL CASE The price could push up well above 200MA and find consolidation near 130. BEAR CASE If...

IkanBilisCapital

We started covering asset classes that are farther out the risk curve last week and will continue to expand on our coverage of asset classes that we think are undervaued. OCEAN is one of them. We saw BTC and ETH rally hard this week, we think it will continue into the last quarter of the year. OCEAN is a pair that is underperforming the market right now but has...

IkanBilisCapital

The dollar yen has started its descend, we should more downside as the market makers unwind their positions to hunt for the juicy stop losses placed below. We may see short term relief rallies but it will not last and the downside in imminent. BEAR CASE Price immediately plummets farther from here. Our TP1 is at 109, TP2 is at 108.7 and the last straw should be...

IkanBilisCapital

The dollarcad continues if descend from the fake out and we think this momentum will continue. BEAR CASE Price is finding some relief at the current levels and if the bears find the needed conviction, the price will continue to plummet immediately from here to test 1.24 BULL CASE The bears may need a little shut eye before drive price lower in that event, we...

IkanBilisCapital

Similary to the aussie dollar, the euro dollar is gaining against the us dollar because of the Biden's infrastructure bill which favours risk on assets. We should see more upside for the pair here but a short term relief selloff to the downside may happen before price could rally higher. BULL CASE If price shoots up from here without hesitation, we will target...

IkanBilisCapital

The market reacted to Biden's infrastructure bill which will unleash another wave of dollar liquidity into the markets favouring risk on assets over safe havens. We should see the dollar continue its selloff even if the price is due for a short term relief rally. BULL CASE If the bulls find some momentum this week while the bears are sleeping, we should see...

IkanBilisCapital

The aussie dollar blew through the price targets that we set for this pair. The bulls wasted no time to gain territory to the upside and burst two levels of massive liquidity that we marked on the charts. We think the bottom is in and we will only see more upside from here. If there's any bearish momentum, it short lived and we are only looking for out buys....

IkanBilisCapital

The mother of all short squeezes has just started and we think it will lead to a wave of liquidations, obliteration and bankruptcies of tradfi. We need to see the inefficient go before the new age can come into the foray. It looks like the short squeeze is ready to start from here it can happen before or after the crypto pump. BULL CASE Price goes to test the...

IkanBilisCapital

Crypto has been mega bullish lately and the king of altcoins holds its price as other L1 and L2 competitors find astronomical gains in this bull market. From a technical perspective ETHUSD may need another push down to wipe out overzealous longs before it is able to push up to test the all time highs. BULL CASE If the bulls find conviction, we think the 4500...

IkanBilisCapital

September may print a red candle for Bitcoin but it's mega bullish for the entire crypto space as we build a parallel universe to the old and corrupted world of traditional finance. Low and behold for the greatest bull run in the history of mankind. BULL CASE Price keeps pumping up from here and finds some resistance near 60K as overzealous buys back in Q1 to...

IkanBilisCapital

The dollar yen has been trading in a random walker manner for the longest time. There is now enough longs that are positioned for the market makers to liquidate and profit from. Just look at the number of tendies on the chart! BEAR CASE There are several levels on the chart that can provide short term relief for the downwards move but we are ultimately targeting...

IkanBilisCapital

The dollar cad nose dived down after faking out traders by pretending to be breaking up farther. This pair looks like there's still room to move towards the downside. BEAR CASE The 200MA on the 4HR chart should see some short term relief for the dollar cad. After which we think a retest to the 1.23 level might be in the playbooks. BULL CASE If for some reason...

IkanBilisCapital

The EURUSD started it's ascend this week as a wave of impulse buying pushes price above the 200MA on the 4HR chart. The low for the pair should be in but we are wary of a potential fake out that can wipe out overzealous longs. BULL CASE We will enter into our first buy at the current price of around 1.179. If the market next week gaps up, we will enter at the...

IkanBilisCapital

ll the king's men. DXY has failed to hold this the top of the channel for more upside. We should see more downside in the upcoming week after a short-term relief rally at the start of the week. BEAR CASE We are targeting 92.2 as the exit and enter when the RSI hits overbought region on the hourly chart BULL CASE If our preferred scenario does not hold up, we...

IkanBilisCapital

The aussie dollar make significant moves up this week. It looks like risk on assets across the board are ready to start moving up from here. We think price for the pair will continue to look up for upside early next week before correcting downwards for the first week of September. The last three weeks of September should be bullish for the pair and we expect to...

IkanBilisCapital

The silence before the storm. The dollar yen was uneventful this week but we should see some volatility coming up as the month of September closes in. The areas that we pointed out in last week's analysis still holds and is waiting to be tested. BEAR CASE There is a lot of more areas of liquidity to the bottom and we should see 108 tested BULL CASE The bull...