Market Overview: Bitcoin Futures Bitcoin futures 7-week Bull Micro Channel at Measured Move. The price concluded another week with a low above the prior low, a 7-week streak. By the end of the upcoming week, there will also be the monthly close. Traders expect a test of $37000 during the week, which is the middle […]
Bitcoin caution right below 40000 Sell Zone
Market Overview: Bitcoin Futures Bitcoin right below 40000’s sell zone. During the week the price decreased it is value but still, it closed above the mid-point of the weekly range. The prior 3-week’s low are all nearby, trading below that might change the inertia in favor of the bears. Moreover, the price is near a […]
Bitcoin Direct Towards Rectangle’s Measured Move and $40000
Market Overview: Bitcoin Futures Bitcoin futures are Trading towards a Rectangle Measured Move and $40000. This week, the price closed higher 7.80% respecting the past week’s low. The Bull Breakout is evident, there are magnets close above that are probably going to be reached. Bitcoin futures The Weekly chart of Bitcoin futures Past: Support and […]
Crude Oil 3rd Consecutive Bear Bar
Market Overview: Crude Oil Futures Crude oil futures. The weekly chart formed a two-legged pullback, this week it is a Follow Through bar closing below the 20-week EMA after last week’s bear signal bar, and it’s also the 3rd consecutive bear bar. The bears created follow-through selling below the 20-week EMA which increases the odds […]
Bitcoin October Severe Bull Bar near 35k
Market Overview: Bitcoin Futures Bitcoin formed a severe bull bar in October. During October, the price increased its value by 28.80%. The price created a bull breakout bar that is breaking a breakout mode pattern. Looking to the left, there is some confusion, and Traders are waiting for confirmation during November. Bitcoin futures The Monthly […]
Bitcoin strong bull breakout and test of 35k
Market Overview: Bitcoin Futures Bitcoin futures strong bull breakout and test of 35k. The price is up 14.38% respecting last week’s close, and it is trying to do a bull breakout of a Breakout Mode Pattern. Now, there are two consecutive strong bull signal bars on the weekly chart and traders wonder if this is […]
Bitcoin test of 30k and Hunt of Weak Bears
Market Overview: Bitcoin Bitcoin is testing $30000 big round number and the August High, during a hunt of weak bears on the daily chart. This week’s candlestick is a strong Bull Bar. Traders wonder if this is the start of a Bull Trend; however, it is too early to say since the price remains within […]
Bitcoin quick test down of Daily chart magnet
Market Overview: Bitcoin Bitcoin test down of a Daily chart magnet. During the past report, we have said that the price was likely to test the apex of a Trading Range on the Daily chart, and this is what happened during the week. Regarding the weekly chart, there is a bear signal bar, but since […]
Bitcoin up to 28k but Limit Order Market and BOM
Market Overview: Bitcoin Bitcoin up to 28k. On the Weekly chart, the price is contained within a Trading Range Pattern, which is also a Breakout Mode (BOM) pattern. Most good signal bars are not good setups when the price is within a BOM. Until the BOM is not broken, Traders are in stand by mode, […]
EURUSD September Strong Bear Follow Through 1.05 BRN
Market Overview: EURUSD Forex The EURUSD Forex Monthly chart, achieved a strong bear follow through bar that reached the 1.05 Big Round Number. On the weekly, the price reached their targets, but since the leg down has been in a strong and tight bear channel, the odds favor a leg sideways to down after a […]
