In our previous analysis, we were looking at the bottom for a reversal back to the upside. We have now broken the descending trendline indicating that we are now bullish, even if its only for the short term.
The next area of interest we are looking at is the 146 where we have previous structure. If we break through that level, we will be looking for a retest to...
The last time we analysed Bitcoin, we were at the the 34K level calling shorts back down to 30K. We have almost approached 30K now where we have previous price action.
If we hold the 30K level and bounce from here, we can possibly see ourselves revisiting the 36.4K level in the coming week.
- Wait to see if 30K holds.
- Watch for descending...
Dogecoin is also at a very important level. We are at the triple bottom level where the next moves will dictate whether we will see Dogecoin go to the moon or flop back to the bottom.
Wait to see how price reacts. If it breaks above the descending trendline, we could see it move up. If it breaks below, we could be revisiting the lows from last year.
Not much has been happening with Litecoin recently. We are still under the bearish trendline and we have approached a key structure level. If we break below this level, all the gains from 2021 will have been cancelled!
Either way we can look to make money. Watch for the market to make its move first and then get in on a retest.
Watch for price to...
Gold is approaching a key level where we will be looking for key price action to tell us whether we can sell back down to the major trendline.
Will be looking for bearish price action at the 1845 level.
Goodluck and trade safe!