Good morning traders! What to watch for this week, should you really buy Bitcoin here and some charts

in money •  7 years ago 

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Good morning everyone on this early european morning! Let's get this week started with some economic news and charts.

  • The outcome of Japan election potentially to be limited. Credit Agricole via Forexlive

  • this week Bank of Canada rate statement and monetary policy report (Wednesday) and ECB rate + presser on Thursday. Consider these when opening positions.

  • Spain-Catalonia drama ongoing

Alright, i have some charts and thoughts too. First, i want to say, GBPJPY bearflag that was watching last week, didn't pan out, nevertheless, i have my eyes still on that formation. Let's see how the week progresses.

BTCUSD. Should you really buy Bitcoin here? While it's reasonable to think BTC will keep marching higher, i think if you buy BTC here, you're a tit. Again, as always, there should be better levels for a buy. Don't buy the highs, buy the retrace.
btcusd if you buy btcusd here youre a tit.PNG

EURGBP potential bearflag on a trendline. This can turn out nice
eurgbp potential bearfalg.PNG

EURUSD everyone's watching this H&S pattern but this tend to fail when they get too popular.
eurusd everyones watching this hs often fails when it gets too popular.PNG

AUDUSD no mans land for now, but be wary of re-entry to the tringle... might get ugly
audusd nbo mans land depends on the usd.PNG

NZDUSD big big level. Currently a pinbar in the forming, is that only a retest of breakdown or reversal. Eyes on this.
nzdusd forming a pinbar.PNG

Alright guys and girls, i'll be taking off now. Back later to check on you again ;)

Trade safe!


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You rock @furious-one !

I like my Posts well done and yours is written to perfection. You earned this 0.29$ Upvote!

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Hi @furious-one and every Steemian on board :)
I think wright now its time for profits and selling BTC, but if you want to buy...i personaly would wait for lower price. Now i am searching for entry in XRP based on USDT. What do you think about that?

hmm.. dunno, doesn't look too good on a quick glance @koinov
xrpusd.PNG

We are going straight down to 0.12-0.16$ in coming weeks, do you think this is a good entry?

Awesome!!
Thanks for your posting