Submitted Mar 20, 2023|From dailypriceaction.com

Today’s weekly crypto forecast covers the DXY, TOTAL, BTC, ETH, and VET. DXY is approaching a massive confluence of support ahead of FOMC, while Bitcoin trades just below a multi-year macro resistance level. I discuss all of that in today’s video. ...

Submitted Mar 16, 2023|From dailypriceaction.com

Bitcoin remains in a tight range following this week’s retest of $25,200 resistance. We saw an intraday deviation above that multi-month level, but we may get something more substantial soon. On Wednesday, I wrote about how rallies should be ...

Submitted Mar 15, 2023|From dailypriceaction.com

Bitcoin is consolidating today after testing the $25,200 resistance level on Tuesday. But despite some calls for a top, BTC is holding up relatively well. In fact, it’s still above Tuesday’s low, and the monthly open at $23,130. That $23,130 monthly ...

Submitted Mar 14, 2023|From dailypriceaction.com

Bitcoin took out the $25,200 equal highs on Tuesday but is currently trading below that mark. So is the mind-bending pump that garnered 35% in five days over, or do BTC bulls have more fuel in the tank? First and foremost, shorting Bitcoin here is ...

Submitted Mar 13, 2023|From dailypriceaction.com

Today’s weekly crypto forecast covers the DXY, S&P 500, BTC, ETH, and VET. Bitcoin is up an impressive 20% in the last 24 hours. However, the S&P 500 closed below its all-time high trend line on Friday and is flirting with an even more significant ...

Submitted Mar 11, 2023|From dailypriceaction.com

On Tuesday, I wrote about how the Ethereum correction odds had increased following the break below the $1,600 critical level. Not only is that a key level, but the March open is $1,605, making it even more significant. ETH is down 8% since then and ...

Submitted Mar 9, 2023|From dailypriceaction.com

Twenty-four hours ago, I wrote about a potential $18,400 target for Bitcoin this month. Today, BTC is down over six percent and risks losing several key supports ahead of Friday’s non-farm payroll (NFP). It’s currently trading well below $21,500, ...

Submitted Mar 8, 2023|From dailypriceaction.com

Bitcoin (BTC) risks breaking the January trend line today at $22,150. It’s holding below it on the 4-hour chart, but a daily close would begin to solidify the breakdown. However, BTC has looked relatively weak all month, with the market trading ...

Submitted Mar 7, 2023|From dailypriceaction.com

Ethereum appears to be edging closer to a 15% correction. It’s been a relatively slow start to March for crypto, primarily since the March 3rd selloff, with Bitcoin confined to a mere $600 range. However, that may be about to change. ETHUSD is ...

Submitted Mar 7, 2023|From dailypriceaction.com

EURUSD has traded in the same 500-pip range since December. We saw the rally up to 1.1030 and even got a confirmed bearish fakeout on February 2nd. However, this latest bounce from the December trend line casts a bleak shadow. That trend line ...

Submitted Mar 6, 2023|From dailypriceaction.com

Bitcoin has been sideways for the last 93 hours following Thursday’s selloff. While BTC is holding above the January trend line at $22,000, it’s currently trading below two key levels. The first is $22,600, which has been a factor for Bitcoin since ...

Submitted Mar 4, 2023|From dailypriceaction.com

Today’s weekly crypto forecast covers the DXY, S&P 500, BTC, ETH, and MATIC. The S&P 500 is bouncing from its all-time high trend line this week, but Bitcoin had plans of its own. So what will it take for BTC and ETH bulls to get back on track? I ...

Submitted Mar 3, 2023|From dailypriceaction.com|1 comment

EURNZD has trended higher since mid-December, although the pair has been mostly sideways for the last few years. But that doesn’t mean there aren’t favorable opportunities. In fact, currency crosses have offered some incredible opportunities ...

Submitted Mar 2, 2023|From dailypriceaction.com

We’ve discussed the GBPUSD range between 1.1915 and 1.2445 for weeks. And with the pound once again testing range support today, it’s time to pay close attention. However, although GBPUSD is trading above 1.1915 support, the lower highs recently ...

Submitted Feb 24, 2023|From dailypriceaction.com

USDCAD is breaking out of a massive triangle pattern I’ve mentioned several times. We looked at the pair on January 13th as it was coming off of the 1.3300 support that dates back to July 2021. That area triggered a bounce after a couple of retests. ...

Submitted Feb 20, 2023|From dailypriceaction.com

EURNZD has trended higher since mid-December. However, a view of the daily time frame since then shows an incredibly clean rising wedge. The market tested resistance on Friday and again on Monday, and so far, it’s holding. As long as EURNZD is below ...

Submitted Feb 17, 2023|From dailypriceaction.com

USDJPY has followed through beautifully from the February 3rd bullish breakout. I covered this descending channel and the resulting breakout several times, and USDJPY hasn’t disappointed. We even saw bulls secure a close above 132.90 on Tuesday, ...

Submitted Feb 15, 2023|From dailypriceaction.com

I wrote about USDCHF on February 6th when the pair was testing channel resistance at 0.9280. A critical point from that article was that bulls needed to secure a daily close above channel resistance to confirm the breakout. Although we saw USDCHF ...

Submitted Feb 13, 2023|From dailypriceaction.com

EURUSD closed below a significant level on Friday. The 1.0700 level is the former range high from December to early January and the October trend line. That makes 1.0700 a significant area of confluence for the euro. But the 2023 opening price is ...

Submitted Feb 10, 2023|From dailypriceaction.com

One look at the monthly time frame, and it’s easy to see why many traders forget about AUDNZD. The pair has been sideways since late 2014 and looks choppy from the monthly chart. However, some incredibly clean technicals are within that sideways ...