Good morning and happy Thursday Steemers! Here's the daily cryptos and forex review

in #trading7 years ago

wallh-1.jpg

Good morning traders! The weekend is drawing closer and so is the Jackson Hole Symposium. While that could strongly affect the Euro, today we have a host of GBP data so here i have some GBP charts ready. Expecting GBP to show it's teeth quite soon, whether it's today or next week, best be prepared and not overleverage or overexpose.

Charts! Here they come!

EURGBP daily. The bearish wedge is busto and did quite an overshoot but look at where we are historically. This makes it an attractive short but careful of todays GBP data and this weekend's JH
eurgbp wedge busto and overshoow but look at where we are at a historic level makes for an atractive short careful of the jackson hole.PNG

GBPUSD yeah the trendline i was looking at is busted the other one is coming right up. Thinking we might get some support around the 78 fib and a ripper.
gbpusd one line busto the other one coming looking for the 78 fib to give some support.PNG

DAX daily. Denied!
dax denied.PNG

STEEMBTC daily update. Wait, no update, as we are at the same place. Still looking to get above those two lines to take some of that downward pressure off.
steembtc daily update wait no update same place still looking to get above the marked lines to take some of that downside pressure off.PNG

BTCUSD didnt even complete H&S target and neither did it reach the 38% fib, this means it's still bullish. Still, as traders we must not chase but always be on the lookout on dips. Well sometimes you can buy at the market price ;)
btcusd the hs didnt complete and we didnt even touch the 38 fib this is bullish but always look to buy dips.PNG

LTCUSD ooh an ascending triangle preparing for a breakout?
ltcusd an ascending triangle preparing for a breakout.PNG

That's all with the charts, we have GBP data in half an hour so forex traders, grab your popcorn. Feel free to leave a trading related comment below. Thank you all for reading and trade safe!

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I won't mind Steem being at 1.10-1 to buy more Steem Power

That Litecoin chart at the very bottom looks interesting!👌

Dash appears to be getting some labs. Will u be adding it too? DO suggest & i'd love to read ur daily feeds ! cheers !

hi, unfortunately im unfamiliar with Dash, at least for now, maybe will take a look at it in the future

Cheers, way to go ! Do include me & wud love to collaborate on that one mate ! GuDaY :-)

Hi @furious-one, do you follow any smaller crypto coins as well? If so, I've got a competition running, it's new but really quick and easy to enter. It's called "Battle Of The Crypto Coins". Basically the winner is decided by who chooses the coin that has the greatest percentage increase over the week. 1st Place wins $50 Steem Dollars, 2nd Place wins $25 Steem Dollars. There have been 10 entries so far. Hopefully you'll have time to enter by Sunday 20:00 GMT :)

Please check out my last couple of posts and hopefully I'll hear back from you.

Thanks :)

cheers, bee ndoing tecvh analysis for years, but i'm fairly new to the cryptos and follow currently only a few major one's.

Ah well you can enter with a major one, someone's just done Litecoin, so doesn't have to be small and obscure.

Trader good

I was wondering... How do you buy steem with just regular US dollar? I'm new to all this.

basically i think you have to find an exchange and buy btc with USD and then use blocktrades or any similar gateway to transfer that to steem

good morning sir, nice post!
@ahlawat

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