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In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Bitcoin ticker symbol: $BTCUSD. We presented to members at the elliottwave-forecast. In which, the rally from the 11 September 2023 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to […]

The post Bitcoin Perfect Reaction Higher From Blue Box Area appeared first on Action Forex.

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18/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish reaction off the 1st resistance and fall towards the 1st support. The 1st resistance level at 102.62 is identified as an overlap resistance that aligns close to the 38.20% Fibonacci retracement level. Higher […]
27/12/2023

EURUSD Edges Higher, Tests Key Resistance Area

EURUSD edges higher again today, makes higher high It tests the resistance set by a key area, north of 1.1032 Momentum indicators support the current bullish move EURUSD is trying to record its fourth consecutive green candle as it has entered the 1.1032-1.1095 area. This is a key resistance area, which has been making the […]
02/07/2024

Stocks Held Back Crypto Gains

Market picture The crypto market retreated by 0.6% in 24 hours to a total cap of $2.31 trillion. The cautious mood can be attributed to a downward move in US and European stock markets and the momentum of a stronger dollar. However, the dynamics of coins are not homogeneous. The decline of more than 1% […]