Aussie-dollar trend in recent times has violated the characteristics of a proper downtrend. Looking at the 1W TF, there was a lower high (LH) and lower low (LL) seen on April 4 and October 10 2022 respectively. Price rallied to the Willis zone at Fib 0.5 to 0.61 on January 30 2023 and plummeted downwards with an expected target of 0.61900 completing a 100%...
The daily timeframe has shown a morning star candlestick pattern for Bitcoin, with a previous days' close at indecision and yesterday showing a strong bullish move from our holding zone. The current bias on BTCUSD is bullish as price has ticked off all analytical parameters for a bullish ride. Going forward with good entry strategies, we will anticipate BTCUSD...
BTCUSD has just broken our speculative holding zone at 27200 and is currently flying at 27875 with a high of 28000.
At this point, a retest of the holding zone is expected before our analytical projection to 28807 and 30700 units will be highly probable.
Bitcoin is at the verge of upturning a long held bearish course. The monthly trendline has been violated with the 4hr candle closing above it. However, there is a holding zone (yellow bar) that is still keeping this instrument bearish.
If the holding zone at 27200 is broken, BTCUSD may rally to 28807 and eventually ride a bullish course till 30700 units.
This...
