Profound_Ambition

Profound_Ambition Updated 

Price is following a heavy downtrend structure making lower lows & highs. Price this previous week printed a fresh lower high into the red resistance zone forming a rising wedge bearish reversal pattern, & finished off last week breaking the pattern with heavy bearish momentum. This upcoming week, I am looking for a pullback on the lower timeframe to retest a...

Profound_Ambition Updated 

Price is following an overall higher timeframe uptrend structure making higher highs & lows. Price this week has cleared the falling channel bullish reversal pattern to the upside, along with clearing the structure resistance on the 4 hour timeframe. This upcoming week, I am looking for price to resume the uptrend into the regions above, & for a new potential...

Profound_Ambition Updated 

Price previously broke out of the long term ascending trendline, & has now made a new lower high retested the daily descending trendline to finish off last week with a bearish reaction. This upcoming week, I am looking for price to decline back towards the lower boundary trendline, & if price can clear that region we may see some further decline in the weeks to come.

Profound_Ambition Updated 

Price last week rejected off the bottom of the triangle pattern on the higher timeframe, breakout out of the range to the upside & clearing resistance to finish off the week. This upcoming week, I am looking for a retest of previous resistance to test as new support, which looking left price has made a strong reaction before. I am looking for a similar scenario...

Profound_Ambition Updated 

Price is at the top of the rising wedge bearish reversal pattern, which aligns with a key area of resistance looking left. A breakout of the pattern to the downside can see dollar weakness this upcoming week.

Profound_Ambition Updated 

Price has reached a key area of daily support & is rejecting. Price has also formed a falling channel & rejected off the bottom of the channel. Above this key region, I am anticipating for price to push back to the upside towards the top of the channel which aligns with key area of resistance.

Profound_Ambition

Price is following a downtrend now making a series of lower lows & highs. Price has set a new lower low this week, & is pulling back here for a new lower high to retest previous structure as new resistance, which aligns with a strong area of resistance in the past looking left. The zone of interest I will be looking on the lower timeframe for signs of a bearish...

Profound_Ambition

Price has reached a key level zone looking left where big reactions in the past occurred. Also, price is at the bottom of the channel which aligns with the key zone of interest & above this region I am still looking for upside movement. Scenario 2, would be if there is a clear breakout of the pattern & zone we can anticipate further bearish movement into support.

Profound_Ambition Updated 

Price has reached a key area of support looking left, along with forming a spinning top indecision candle at the bottom of the wedge pattern & at the key reversal region. This upcoming week, I am anticipating for price to reverse back to the upside above this key region, as the trend structure overall is still following an uptrend!

Profound_Ambition

Price is following an uptrend structure making higher highs & lows. Price has pulled back into the key ascending trendline, making a bullish reaction to end off last week off a strong area of demand (green zone). This upcoming week, I am looking for a slight pullback here into the key level confluence zone, & for price to push back to the upside for a bullish...

Profound_Ambition Updated 

Price has rejected off the long term ascending trendline, & for 4 weeks now has been forming lower rejection wicks in this key region. This previous week, price formed a Doji on the higher timeframe, & this upcoming week I am anticipating for price to build up bullish momentum to push price higher into resistance above.

Profound_Ambition

Price is in consolidation after the last strong bullish move to the upside took place, since then we have seen price moving sideways as buyers prepare to build up more strength to launch price again & resume the uptrend. Price recently formed a Doji candle at support, which is a big indication that above this key area of support here BTC may be preparing for the...

Profound_Ambition

Double top has formed a key level resistance at the top, & a very strong bearish impulsive move has occurred after breaking price below structure. Now, I can see a short term exhaustion take place early in the week to retest previous support as new resistance forming a lower high, where sellers may step in again heavily to push price back to the previous low, & if...

Profound_Ambition Updated 

Price has made a break & retest of the big picture wedge pattern, & closed below the key level, which looking left a massive move occurred in June of 2020.. This week, I am watching for a bearish reversal pattern on the lower timeframe for price to make its way towards key support below.

Profound_Ambition

Price previously made a breakout of the long term descending trendline, to the upside, now forming a bullish uptrend making higher highs & lows. Price has retested previous key resistance structure, as new support forming a higher low, & above this major new zone price is consolidating at, i can see the uptrend resuming above here for a higher high to continue the...

Profound_Ambition

Price is following a descending channel, currently making lower lows & highs. I am looking for price to pullback into previous key structure near 1.08450, for a potential downside reversal on the lower timeframe. This key region also aligns with the top of the descending channel, & if price slows down & shows some rejections, we may see the price continue the...

Profound_Ambition

Consolidation is taking place at a key level zone looking left where price has reacted strongly off this region in the past. This upcoming week, i am anticipating for price to reverse back to the downside into support below this confluence region, & back down towards the daily ascending trendline at the bottom.

Profound_Ambition Updated 

Price previously broke the ascending channel to the downside with a strong bearish impulsive move. Price has pulled back for a correction, & retested a previous area of key support structure now as resistance 4 times, & this candle has closed as a Doji bearish reversal candlestick. I am anticipating now for price to enter back into the impulsive stage of the new...