Our levels from last week remain in place as our green zone still help and showed great support.
We like a run from out marked out plan we added to out position just above our planned entry on latest shared setup.
with the support of immediate and major zones, this pair has managed to get back in an ascending channel, however, a strong resistance zone is keeping the price from trying the top of the channel again, if this zone is conquered one can imagine the blue lines as the immediate targets.
Have a nice weekend everyone!
I can see a push down to my support zone before price bounces and bulls push price back up and through all time highs.
Would i sell down to this level, nope! I would play the waiting game and see if price does push down to this level as once price decides to push up it moves like a bullet train, and i dont want to be caught on the wrong side of that.
Do i think...
I foresee a potential bearish play on BTCUSD today and tomorrow perhaps.
On the 1H chart we have plenty of reasons to be going short, and many of them are listed in the chart. Resistance levels, fib retracement, RSI and even price action which is creating lower highs.
While on the 2m chart we could be building a Head and Shoulders pattern.
Make sure you...
Bullish pennant definitely forming here
We have had multiple similar bullish formations on the BTC chart but they haven't really pumped with any volume and have gone up 1k, down 2k, then back up 1k, has been very sideways tending around the 36300-36700 level
If this breaks it could be mega, lines up almost perfectly with the 2.618 from the 2017 top to 2018 bottom...
A descending trendline has been broken, one can buy long or invest in this pair once the weekly breakout zone and conquered and retested!
Our targets are shown by blue levels.
Back again with another idea!
Having broken out of a descending trend line, this pair has managed to successfully test the trend, provided that the resistance zone is conquered the blue lines could be immediate targets.
Happy Trading everyone.
My fellow Traders
In the daily time frame, it can be observed that a very vital breakout zone is being conquered, a descending trendline is already broken and successfully tested, so the blue lines can be the next targets if the daily zone is retested successfully.
Take advantage of this opportunity
A long XRP trade setup, with almost a 5/1 return.
Personally in it for the longer run on the larger scale but can't help looking for day trade setups when they present themselves.
After the recent dump following the run in the past couple of months, I feel that price has hit a good level of support, there are no guarantees of course however price is currently in...
Just a hunch but given the lack of momentum at a pivotal psychological area, we could be in the middle of a head and shoulders reversal. If played out this could initiate the beginning of a longer term sell off within the macro bull market
Bitcoin is currently attempting to get back above a 1964 day diagonal support and resistance line. It's no wonder that all the indicators are looking weak and price action seems to be running out of steam.
Likely scenario is that we will need to seriously cool off after a proper retracement before attempting this again. So yes I do NOT expect us to succeed at...
SEC news absolutely nuked XRP
My two theories, have a building bear flag so may get a little upside wave followed by a greater downside wave
Or it drops and finds support at 0.24 where it could from a flat bottom triangle - would be quite bullish for XRP
If that level is lost though I think there will be heavy buyers at 0.20 but I would still stay away as it won't...
Here we can see a major double bottom forming on the weekly timeframe
For this setup, I am waiting for a retest of that kneckline at 146.20 where I will enter
Also could buy on the intial break with TP at the first resistance highlighted where I would expect the breakout to reserve, the retest, succeed and push on
Keep this one saved as could be ready to play in...