In this market situation, I am looking at multiple indicators
And I can see bullish momentum accumulating in the pair right now
This sentiment makes me bullish biased and I am considering a long
Like and subscribe and comment my ideas if you like them!
In 15 min the chart I have projected ENTRY point and below is a higher frame for direction.
The TRIPLE TOP Pattern found on the chart.
(The price rejection trying an attack on this pair)
The control price performance like strong gravitating itself such as 1, 2, ...5.
Two excesses found at value low.
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As you can see here, Bitcoin is still within our psychological range. Let's see if the highlighted wick has gathered enough liquidity to start another bull run. If not, we will be stuck between these levels until something triggers the breakout.
Price finding strong rejection around $30,000 area
Price formed a double bottom
Price formed a bullish corrective pattern after the rejection from a strong support level
Price finding dynamic support level at 50WEMA
Higher time frame trendline breakout, followed by lower time frame correction
Similar idea to yesterday.. the price is still in the daily range, looking to play it up to the mid/high end of the range.. I am considering that there is high impact news today for both the Pound and Dollar which will most likely bring volume to the market.
Will try to extend this into an intraday position.
The price is at the lower end of the range, looking to play within again this week.. will be keeping an eye on the price.. Ideally to drop down abit to 1.4100 then take a buy at first decent sign of rejection on the LTF.