IkanBilisCapital

IkanBilisCapital

A consolidation pattern is forming for this pair. We're looking for confirmation to either side but we need to keep an eye for a fakeout to the downside because we're slightly bias to the upside. BULL CASE Price needs to hold 1.156 in other for the bull scenario to be intact. If it holds out, see you guys at 1.17 BEAR CASE We may see farther price discovery to...

IkanBilisCapital

Price is kinda in no man's land at this point of time but we have a slight bias to the downside. BEAR CASE Price to retest 94.2 at the same time, RSI to retest 90, followed which a farther dump to continue. Price can immediately open short next week before moving up. Look out BULL CASE I won't be surprised if price hits the top of the channel again. If...

IkanBilisCapital

The road is clear ahead for the aussie dollar pair, as risk on assets across the board lifts off this week. There are major points of resistance from here and the upside seems capped for this pair. Let's talk about some potential targets. BULL CASE 0.750 is the immediate price target where we will find some resistance. If nothing changes on the macro level, we...

IkanBilisCapital

The filecoin Github repository recently had some updates on the their rosetta integration, the reason why we are covering this is so we can model the EWT price movement after their coinbase listing. Looking back in history, filecoin was listed on December 2020 and price was trading between $20 - $30 back then. When bitcoin was done running in Jan 2021, we saw...

IkanBilisCapital

BItcoin recently see a break of trend to move towards the upside? It needs to break 63K with conviction before the we're out of the woods otherwise price will continue to random walk but we're long term bullish on crypto. EWT is a project that have links with major institutions in the energy space and their Github repository suggests that a potential integration...

IkanBilisCapital

The usdjpy has been trading is this ascending channel and we're at an inflection point. What holds for the future of this pair? BEAR CASE Our bias is towards the downside, we should see a short pump forming a pinbar reversal (near 112.5) this coming week and afterwhich we expect price to dump to retest the bottom of the channel. BULL CASE If price breaks...

IkanBilisCapital

The price action looks rather bearish for the EURUSD but the fibonnaci 50% retracement is near and we should see some kind of support there. BEAR CASE Our prediction is that we will find a shot upwards move early next week, followed by a dump towards the 1.15 levels before significant upside can be found BULL CASE The move up may be stronger than expected but...

IkanBilisCapital

The DXY is trading at an important level. The upper trend line formed near 97 serves as litmus test to where the price action will go... Our bias is towards the downside but only slightly and we will stay agile and flip our bias if proven wrong. BEAR CASE Price should see a test of the 97 levels early next week where it should find resistance. If this plays...

IkanBilisCapital

This week's price traded rather choppily. We're expecting some upwards movement as the US senate came to a consensus to intermittently raise the debt ceiling until December 2021. However, uncertainty will continue to loom in the market if the democrats are not given a free pass when it comes to the debt ceiling situation. BULL CASE We should see a retest of the...

IkanBilisCapital

As we come to the final leg of 2021, we're in the season where BTC outperforms the rest of the markets. However, the price action of BTC this year has been abnormal and I wouldn't be surprised if things do not follow through this year and we see final altcoin pump like in Q1 2018. BEAR CASE I am bias towards ETHBTC retest 0.06 and stays surprised until Q1 2022,...

IkanBilisCapital

I've been a BTC bull since 2016, the markets this year feels a little different from the last cycles. The chart finally looks bullish again but October has to hold the line in order for a Nov/Dec rally. BULL CASE Price holds above the 200MA for October and rallies in November and December. Or it can rally strong in October, consolidate in November for a final...

IkanBilisCapital

The dollar yen tagged the inner line at the top of channel and started its descend. We should see more downside coming this after a short relief rally in the start of the week. BEAR CASE We're targeting 110.5 after a consolidation at these levels. BULL CASE If price breaks through to the upside, we will look to short again at 112.3

IkanBilisCapital

Price seems to have found some support at these levels as the month of September comes to an end. We have a slight bias to wards the upside but this months is extremely crucial as to what the entire risk on asset class will do in November and December. A test to around 1.165 is imminent but that level serves as a an important level where bears and bulls will fight...

IkanBilisCapital

As we came to the close of the month, the DXY finally started to reverse from its month long rally. The first week of October is extremely crucial for us to determine the price direction for the rest of the month. Whilst I am slightly bias towards a selloff, we must not ignore the short term irrationality of markets. BEAR CASE We could see price fall lower in...

IkanBilisCapital

Is the bleed over for risk on pairs? We see all risk on markets across equities, crypto and FX rebound this week. Is this the start of a Q4 rally or will there be more selling coming ahead of us? My money is on a Q4 recovery. BULL CASE We could very well see the AUDUSD start it's ascend from here, our price targets is around the 0.76 levels BEAR CASE You...

IkanBilisCapital

The journey for dollar yen has been a rocky one, trading without much direction for the last few months, we should see a huge dump coming soon in October as risk on pairs take on move upside. BEAR CASE After a brief move to the upside to test near 111 in the coming week, we should see a larger, more powerful move to the downside to test BULL CASE If there is...

IkanBilisCapital

The dollar cad has been trading extremely erratically this month. The end of the month will see huge volatility for the pair before a large dump to liquidate stop losses to the downside. BEAR CASE A mild retracement to the upside should happen next week and we should see October retest 1.23 BULL CASE A fake out to the upside to liquidate overzealous shorts...

IkanBilisCapital

All risk on asset classes took a beating this month, September has been historically a bad month for risk on assets. October will see a huge rebound and we need to be patient to wait for it to come. The end of downside is near! BULL CASE It is likely that price will retest 1.166 to the downside before moving up but this fakeout could move even lower (see bear...