IkanBilisCapital

IkanBilisCapital

We're wrong about this pair this week, the strong bullish conviction shown at the 123.5 level is information that we cannot ignore, there should be more upside coming for this pair but we think price action will be choppy. BULL CASE The structure should be complete once price corrects to near the 124.0 levels and after that we are targeting 128 where a stronger...

IkanBilisCapital

As predicted, the pound dollar broke its weak structure and we are looking for farther downside for this pair. There is no bullish bias for this pair and structurally it looks ready to go down. The green line depicts a scenario where the price will consolidate in a small range before breaking farther down. Regardless, we see 1.35 as an area price must retest...

IkanBilisCapital

As predicted, the 1.17 level put up a strong fight and the bears managed to push the price down to the 1.15 lows. We expect a struggle between bulls and bears near these levels but the bias have changed to the downside due the the conviction shown. This area is extremely messy and some kind of consolidation range will form with bias to the downside. We have marked...

IkanBilisCapital

A messy structure is forming up for the dollar index. Price rebounded strongly after a retest of the mid channel line and it can really go either way right now. We have a slight and short-term bias to the but price should be capped to the top of the channel and will need to take out the leverage longs before it can move higher for extended periods of time. BULL...

IkanBilisCapital

The aussie dollar traded with much indecision this week. The indecision will continue into the rest of 2021. We have a short-term and long-term bias to the upside for the coming week but a much needed cleansing of over-leveraged long players is needed before an extended up move can happen. BULL CASE A break of structure to around the 0.7572 level will...

IkanBilisCapital

This week, we saw ethereum break all time highs and many other alt coins follow suit. All eyes are on bitcoin now to see what it does at these levels. Has the rocket ship taken off or are we going have to use the last rocket in our arsenal? BULL CASE We need to hold this line and have a strong daily green candle for the bull run in November to be intact....

IkanBilisCapital

Similar to USDJPY and CHFJPY we are covering this week, the pound yen has farther downside to go. A strong upward correction needs to happen before we enter our short position. The weakness in this is amplified by the structural weakness we see in the pound dollar and the downside move should be juicy. BEAR CASE Retest to the upside at around 157 and we ride to 153.

IkanBilisCapital

The dollar yen has confirmed the down move giving a us a bearish candle on the weekly chart. We think this week should end up red too before we enter a consolidation in November as the market awaits the next news trigger to form a direction. BEAR CASE We wait for a correction and enter a short. Our exit is near the top of the channel at 112.5

IkanBilisCapital

The yen pairs across the board took a dump in the markets this week, ending the multiple week bull run. We should see farther downside action from here but the road will be bumpy. BEAR CASE The market should give us another move down after a short term upward correction early next week. We're targeting 123.5 before we consolidate and think of our next move

IkanBilisCapital

We're entering a difficult area for the pound dollar and should see some random walk action from here as we enter the last week of October. However, our bias for risk on pairs is to the upside. BULL CASE Price looks ready for another ride up to test 1.39 - 1.40. BEAR CASE Do not be surprised if the market markets shake out weak hands to prepare for a bullish...

IkanBilisCapital

The pair has started its correction upwards lagging the AUDUSD and GBPUSD by a week or so. We should see more upside coming for the pair in the coming weeks but the danger lies ahead in the last week of October. BULL CASE 1.17 is our upside target. We think that the bears will put up some fight there towards the month's closing and we may see a couple of red...

IkanBilisCapital

We're once again at a crossroads for the dollar index. We know that the fed taper will start in mid november which is overall bullish for the pair but it is mostly priced in and the supply of dollar is still on a upward trajectory until mid next year. The channel structure is still intact and it is our bias that it will need to break the bottom of the channel to...

IkanBilisCapital

This week saw some choppy price action as the aussie dollar tests an important level. We think the consolidation for the pair is over and there should be more upside in the coming week. BULL CASE Price is ready to move up from here and if it does, we should see it test 0.77 in the coming weeks. The last week of the month is particularly choppy so we may see...

IkanBilisCapital

DOT"s ready to take on ethereum and the rest of the L1s. We should see DOT's valuation double over the coming weeks and months to challenge ADA and BNB's marketcap and as whales flip their BTC gains into altcoins. An easy 2x is a bare minimum for DOT.

IkanBilisCapital

We are expecting BTC to go into an extended accumulation phase from now till November. This is because, the whales now need to go pump altcoins for gains to increase their sats holding. HODL on to your BTC guys, don't fomo. 100K BTC coming!

IkanBilisCapital

The CHFJPY is looking to test the top of a channel which coincides with the 61.8 Fib retracement. This looks like a juicy level to go for a short. BEAR CASE We will wait for price to retest 125 before going in for a short BULL CASE Be extremely careful that the structure might be broken. If this plays out, we will wait and see what price does next.

IkanBilisCapital

We're near some heavy resistance for the pair for our bias is to the upside. Here, we can see price move either way to form a messy pattern but we're ready to buy all dips until 1.385 BULL CASE Price can continue to move up from here to retest 1.385 without much of a retrace. BEAR CASE If there's too much deadweight, we retrace may be required before more...

IkanBilisCapital

We're at a crossroads for the dollar yen. This week will determine if price will go higher or a retest back to the channel is needed for farther upside. BEAR CASE Price will dump early next week before a potential retest of the high formed this week. We will enter on the retest which can form a fakeout by breaking this week's ATH. BULL CASE If the ATH fails to...