


TRIFRACT
Bitcoin is in uptrend on all time frames except the bigger charts. It is next to resistance though so pullbacks are possible. HAS TO MAINTAIN THE 3.4-3.5K in order to avoid another big dump.
This is for the EUR/USD Top update to help navigate the trade ; ;
First , a bit of history of the decision making process- I would like to show you my first ever trade idea in TV as the same channel is in play now: This channel was drawn on the Daily Chart but I have moved it to the weekly as I don't need so much granularity,you can see it here. We are now @ the same UPTRENDING resistance line as we were before and this...
While everybody and their brother is now short the EUR/USD in the 1.135 area I decided to take my 10pips profit and RUN. I got short like many people near the 1.136 area based on my last idea. The reason is checked other trading ideas and EVERYBODY is watching of the the two trend-lines in red in the EUR. When many people look into something, it normally DOES NOT...
DXY near potential support on two timeframes - 4H and Daily, needs a reaction to confirm it is working support before entry !
Bitcoin Analysis, Most Likely Scenario & Important Levels The charts:
EUR/USD & Dollar Index Update TRIFRACT - Shorter Term a bit more weakness for the Dollar Index then Big move up for the Dollar.
For the leg down on the 4H to end, DXY needs to move above resistance on the 1H/30min time frame and create a new structure. This is why yesterdays highs in the EUR/USD might not hold and issued a warning for EUR/USD shorters based on simple trend-lines.
As much as I don't like TREND-LINES this one looks too good to ignore for a possibility of a reversal today OR on the 21st-22nd of March. At least short term reaction of sorts. Also the 30min chart in the EUR/USD shows 1.137-8 as potential shorting targets The only problem is THOSE ARE TREND LINES and are obvious. DXY level to watch 96.26-96-30
Bitcoin has been on the approach to the top of its channel on the bigger channel that started forming back in May 2018. It failed to hit it during the weekend as it broke its 15min Channel. Now the 4H channel is giving it a chance to do so but it needs to stay above 3830$ Bitstamp price.
15min Channel in Bitcoin , 3950$ has to hold for this move to continue to 4.2k
Two reasons for a small 300-400$ pullback once Bitcoin reaches the 4.2k$ area - the downtrending slope as well as previous resistance on the uptrending bear-flag. The pullback IF it occurs should be shallow to 3.8-3.9 for a few days before price moves ABOVE the downtrending resistance for another attempt to break the 4.2-4.3k level.
Unfortunately yesterday was not the top in EUR/USD for this move and today it looks at least for now that it wants to go a bit higher before it goes in the direction of the Daily Chart. 1.1377 seems like a good shorting chance if reached Today to position with the trend of the Daily time-frame.
Bitcoin is stuck in another horizontal pattern just like the one prior to the move below 6k where Today was the same as Yesterday for about four months. If we take 24th of June as the start of the low volatility for the previous horizontal action, back then it took 140 days of fake hopes for both upside and downside volatility on each spike and then nothing...
The time has come and we have a high probability low risk entry in the EUR/USD for POSITIONAL TRADERS. Positioning with the Trend ( which is DOWN) on the Monthly, Weekly , Daily and this 4H timeframe that acts as the trigger for the SHORT. All Timeframes are super bearish for the EUR/USD. EUR/USD should top by 15th of March and start the next wave down on the...