A1 Trading Company

Ticker tape by TradingView

April 21, 2021

Trade Ideas for USDCAD, DOGECOIN and Bitcoin

Frank Cabibi

UC Keeps Sinking, What's Happening With the Crypto Craze Now

USD/CAD Analysis 
USD/CAD on the daily chart sinks after Canada disappoints on their CPI m/m and as US oil inventories were more than what was wanted this month. Right now, price has come down to a long term falling trend line for possible support. However, this pair has been making new lows for the past year, so it will be hard to shift momentum the other way.
BTC/USD Analysis 
Bitcoin breaks under a one month trend line and is stuck underneath as the crypto craze takes a step back. One analyst is now calling for a 50% drop in Bitcoin's prices since he sees the market as "frothy" for the time being. If price can't break above that trend line, it could be bad news for the crypto. Heavy support also lies in the low $40Ks.
DOGE/USD Analysis 
Dogecoin enters a wedge yet again after it had its meteoric rise in price to $0.42. Right now, the meme-based crypto is at the bottom of the wedge on the 4H chart and could be looking to bounce off. If it doesn't, there is key support around $0.15.

A1 Edgefinder

Smart Money Tracker
See where big money is flowing with the A1 Edgefinder's smart money tracker! With one click, see where the biggest money flows are entering and exiting through COT data.

10% off code: 'READER'

GET ACCESS NOW

VIP discord

Trade Alerts, Strategies, Chatrooms & more!

10% off code: 'READER'

LEARN MORE
What To Take Away From Powell's Remarks

Today, Fed chairman Jerome Powell spoke on the labor market and inflation. While we don't know what the future holds for the equities and currency market, we can derive certain conclusions from investors' interpretations. Here are some powerful takeaways from Powell's remarks this afternoon. Key takeaways Market Impact This caused the dollar and equities to […]

Read More
What To Expect From Today's FOMC

Today at 2:00 pm EST, the Fed will announce their latest interest rate decision. Estimates suggest a smaller hike of 25 basis points this time around. Here are some things to consider before the FOMC decision later today: The Fed has struggled to tighten their grip on inflation without causing too much disturbance in the […]

Read More
The Art of Not Trading

With the holiday season lingering on and a new year on the cusp of arrival, traders may glance at the calendar and notice there is not much economic news to anticipate on Friday to cap off a light week. In situations like these where there can be lulls in bullish and bearish momentum due to […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
VIP
Menu
homesmartphonelaptopmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram