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BTCUSD – Bitcoin
Bitcoin failed to materialise gains on current crypto frenzy , after coming close to 105K – level that I mentioned several times in previous days/weeks as one of most probable Profit taking levels.
Supports now come at : 92.900 , 89.800 & 86.150
After this savage profit taking , time will be needed to calm down the panic and convince buyers that it might go if not more, at least to reach 105 level again.
ETHUSD – Ethereum
Why is Ethereum (ETH) price down today?
Ether ETHUSD price has declined 3.94% over the past 24 hours, its steepest correction since Nov. 14. After retesting its psychological level at $4,000 on Dec. 6, the altcoin is forming another higher low in the charts.Ethereum long liquidations drag price below $3,800
USDJPY4 HOUR CHART – 150 PATTERN BROKEN?
I have been highlighting the (7-day) pattern around 150, which will likely be broken on Tuesday unless 150 trades again.
This would be a bullish signal that would target the 152 area next BUT ONLY IF 151.21 becomes support.
Otherwise, support zone is 150.77-151.21, only back below 150. 50 would put 150 in play again.
AUDUSD 4 HOUR CHART – WAITING FOR THE RBA
An outperformer to start the week, boosted by China economic stimulus hopes (note firmer AUDJPY).
Brief break of .6445-55 leaves this area as needing to become support to shift the risk to .65
Resistance is at Monday’s .6471 high, key support is not until .6372.
Event risk: RBA decision
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