This chart is a minor re-draw of the chart originally published by chrisdunntv. Changed the following: 1) Moved blue lines to touch candle wick lows and highs. You still have two touches on the ascending blue support line and the descending blue resistance line. I believe this better reflects the recent weakness in the bitcoin price as highlighted in the yellow...
A bit curious to see how the Hikkake Bar pattern will form. It is not a trading system in itself, but I think it provides a good confirmation within a larger chart pattern. Here, we have a descending triangle pattern and a 'Potential' Hikkake bar pattern is being formed. Its not a 100% Hikkake pattern because the set up didn't happen in 3 bars. Nonetheless, the...
There are lot of things happening on this chart, but for clarity, we'll focus on the smaller ones that are easy to miss from the big picture. 1. Notice the smaller divergence formed (RSI 67.88 - 66.19). This is our area of interest. 2. Horizontal range bound break out targets to 1.69250. So if you haven't bought GBPUSD as the breakout, then forget new long...
H4 charts has a nice bearish flag with price having broken it. Gives a target to 0.856... the same region that forms a longer term base. I think this could be the last time test to this level before USDCHF could start pushing higher. Let's see how this works.