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BTCUSD – Bitcoin Daily
Supports : 90.730 , 88.600 & 85.450
Resistances : 94.250 , 95.075 & 96.975
So far this drop looks like a correctional phase, and as long as it stays above 85.450 it can go for a new high.
It is quite possible to have another rally reaching 108.500 , but I am not recommending any adding to existing positions or establishing a new one – use that rally if it happens to close your longs boys and girls….
EURUSD Daily
Supports and resistances are derived from Daily, & 4h charts
Supports : 1.04850 , 1.04250 & 1.03850
Resistances : 1.05400 , 1.5550 & 1.06100
I am always about Patterns and Formations, but this time I want to warn you about something in this very situation :
– Pattern is so visible to most of you – This might be the bottom forming
But is it ?
As I said yesterday – before it takes out 1.06100 it is not !
I have seen this same pattern going both ways many times ( take my word for it 😀
Unless we see a new high today or tomorrow – above 1.05450 , followed by a break of declining trend line at 1.05550 , we might have an Irish Story – sour, melancholic and gloomy….
Expect the unexpected – after all we have stepped into Holiday Season
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