Trendlineanalysis
Bitcoin AnalysisSo many ways you can look at Bitcoin and all say the same thing. My goal is to highlight the different perspectives in the market Crypto.
1. Eaglizer Strat Daily: Price needs to reclaim 8 EMA (white moving average) for upside.
2. Range: Price needs to reclaim the Median level (white dotted line) for more upside.
3. Trendline: Price needs to reclaim the Trendline (yellow) on for upside.
In summary we're at an area that will determine if we are going to reclaim and continue higher or go down for a correction.
USDPLN is time to UP?!USDPLN reached the long-term growth base plotted since 2011 - there was the first important minimum in the white growth tunnel. Interestingly, each subsequent minimum every few years is practically exactly 30 polish "groszy" (polish cents) higher. Would this indicate that what we see here is the place to start? :) For a long-term purchase of the dollar on this instrument? We reached the bottom edge of the tunnel. However, this is a bit tenous, because if EURUSD still has growth potential, it is rather impossible for the USDPLN instrument to stand still (consolidation) and the zloty not to strengthen further. Movements on USDPLN are always inversely proportional to movements on EURUSD in 95%. If you buy EURUSD, sell USDPLN. CPI in Poland is still falling every month - 6,5% in November this year. I wonder how much level 3.75 is possible to achieve currently on sale? Several zones of demand (tf 1 Month) are also important here on the way down, they can brake this move ...and other TL's. Also check Fibo levels. On oscillators in long terms the instrument is practically sold out. The idea is interesting and the place is worth paying attention to now all the time. Because if the zloty starts to depreciate, it will automatically start to lose against the Euro, the Swiss Franc and probably also against the British Pound, as is usually the case. However, currently the GBP and EUR have little room to fall against the zloty.
GOLDEN STAR|EURUSD pullback from support and breaking resistance-The Eurusd has experienced a price decrease after reaching the resistance area and it is expected that the buying pressure will increase after reaching its support level.
-My idea is that it has a return from the support level and strongly breaks the resistance level ahead.
-With the breaking of the resistance level and pullback to the same area, the price is expected to reach the next resistance level which is the level of 1.1088.
-Share your opinion in the comments, and support the idea with a like. Thanks for your support!
BTC Daily Chart 11th December 2023As suggested in my last idea, COINBASE:BTCUSD wasn't able to pass 45K and had a small correction towards 40K.
Bullish : If BTC manages to stay above 40K and claim it as support, we could see another rally towards 48K.
(Somewhat) Bearish : If BTC drops (and closes) below 40K, the correction will go deeper to retest 38K as support.