EightfoldPath

EightfoldPath

Momentum on the weekly and daily EMA's has recently crossed over signalling an overall bearish sentiment towards BTC over the next few weeks. There has been clear series of lower highs and lower lows and price now appears to be falling towards previously established support located within the 20-23k price range. The 20k whole number psychological level also...

EightfoldPath Updated 

Momentum has crossed over on the 4hr ema once again after price rebounded off monthly dynamic support pushing higher to close back above the daily trendline. Price moved away quickly from the lows after it failed to cross the 78.6 fib retracement level and had already struggled to break the 61.8 level over the last few days in addition to failing to close below...

EightfoldPath Updated 

Momentum on the weekly, daily and 4 hour EMA all aligned heading SE. Monthly EMA is currently neutral and price is consolidating just above the daily trendline. If price is able to break and close below the bullish daily trendline then bearish pressure is likely to continue to push price lower to the next daily key level of 1.18860 and could continue down to...

EightfoldPath Updated 

Price has consolidated between 1.19100 and 1.8800 after finding dynamic support rebounding off the monthly EMA. Price has also so far been unable to close below the 0.618 fib retracement level and formed wicks around this level. Looking for bullish momentum and close out of the consolidation zone with a 1HR cross on the EMA. If we get this we will target the...

EightfoldPath Updated 

The Euro has potential to push higher today against the dollar as it has been in consolidation between 1.19200 and 1.19400 . Price has also held along the 61.8 Fib retracement level and formed a triple bottom. In addition the 1 hour EMA has crossed over and the 4hour EMA looks to just be about to cross over as well. Looking for a powerful candle out of the...

EightfoldPath

Waiting for bearish powerful close after breaking structure to the downside. EMA's on the weekly daily 4 hour and 1 hour all aligned

12:35

EightfoldPath Updated 

scalp city

EightfoldPath Updated 

Previous month candle closed positive. Price has tried to close below the 1.15000 level the previous 3 weeks in a row and has been unsuccessful every time. The day candle by the close of Friday has engulfed the previous day. Looking for a pullback to the 1.14725 area before entering long. 3.17RR ENTRY 1.14725 STOP 1.14260 TARGET 1.16200

EightfoldPath Updated 

Previous month closed positive. Price has now returned to the key support level of 1.15000 and although the week closed negative last week price was still unable to close convincingly below this key level. The close of the day candle bullish is possibly an early sign of reversal. Looking for price to hold this level before getting long with a target of...

EightfoldPath Updated 

Previous month candle closed positive, price has fallen below the previous key support level of 1.15000 hitting a new Week Support level of 1.13100. The week closed positive above this level showing bullish momentum. Price is now expected to return to the 1.15000 level to retest it. 1.4RR Trade Stop 1.15900 Target 1.14570

EightfoldPath Updated 

Month Support at the 1.15000 level broken. Week candle also closed convincingly below this level heading lower towards the next Week support level of 1.13100. Looking for 4 hour candle close above this level before entering long for a reversal back up to the 1.14000 level. 2.5RR Trade Stop 1.12800 Target 1.13950

EightfoldPath Updated 

Month candle is currently between levels resting on Key Week support at 15.250. Price failed to break this level the prior 2 weeks and previous day candle closed bullish. Looking for 4 hour bullish candle close above this level before getting long with a stop at 15.100 and a profit target of 16.000 1.9 RR Trade Stop 15.100 Target 16.000

EightfoldPath Updated 

Month support held at the 1.15500 level. Previous month closed bullish showing bearish momentum from April has began to slow. Price currently heading back lower towards the named support level closing the week candle bearish as expected. Looking for price to hold the 1.15500 level before entering long with an initial target of 1.17100. 1.5RR Trade Stop...

EightfoldPath Updated 

Month Support at the 1.15000 level has currently held although the close of last months candle still shows overall bearish momentum. The Weekly candle which also closed below the key week support level of 1.17150 also confirms bearish activity and will now act as potential resistance. Looking for a fail of the 1.17150 area before entering short. 1.7RR Trade Stop...

EightfoldPath

Month Support held at the 81.500 level, strong bullish close of the previous Week's candle momentum heading higher towards the key Week resistance level of 84.300. Further Day resistance is just above this level at 84.500. Looking for a fail of the 84.500 area before entering a short position 1.2RR Trade Sell limit 84.500 Stop 85.100 Target 83.900

EightfoldPath Updated 

Key Monthly Support area of 1.15500 being respected. Momentum currently heading back up towards Week Resistance level of 1.17150. A wider range of 1.15500 to 1.16300 has also been established. 1.6RR Trade STOP 1.17550 TARGET 1.17675

EightfoldPath Updated 

Price has been rejected off of the Monthly Support area of 1.15550 heading up to the Weekly Resistance level of 1.17150. Waiting for Fail of level before getting short. Note Price is in a wider Range of 1.15550 to 1.18350 1.2RR Trade Stop 1.17400 Target 1.16750

EightfoldPath Updated 

Key Day support level of 24250 held, price currently heading towards a key Day resistance level of 25450. Looking for price to climb to level and fail before looking for short opportunity. 1.48RR Trade target 25100 Stop 25700