Federal bank moving under channel pattern near to the breakout on a daily time frame if breaks good sign to go long
This is what Bitcoin COULD do now. The channel over the weekly timeframe is on the bottom side well supported. So lower prices should only occur by touching the bottom line in the following weeks.
the price had a nice reaction yesterday due to the FOMC and now the market is testing the weekly resistance as new support 40660 it's an important level for Bitcoin. On the Daily timeframe, the price is trying to create a new Higher High above the 4h resistance (42k) On the lower timeframe (4h) the price is trying to have a new breakout from the pennant. How to...
Price is shifting up, we cleared areas of interest and now testing as support. If we hold we can see price push further up.
Price has broken above resistance and is testing as new support with strong rejection candles. If we hold we are anticipating a further push up.
Reading price, we can see the swings are starting to shift in direction. Price has pulled back to a previous area of resistance as support in confluence with a long wick rejection. If price manages to hold above 1.24750, we can anticipate bullish movement to 1.27000. If price breaks, we must reevaluate price action.
Reading price, we can see EURGBP has shifted up it is evident to see by the new higher highs and higher lows being formed. This shift in momentum has also cleared previous areas of interest and is now retesting as support. Price has reacted in the past and we are anticipating that same reaction to .88300, in confluence with the double bottom formation. If price...
Monthly - 0.618 Fib/Wave 2 pullback Weekly - Support/Completion of ABC pullback Daily - Triple bottom/Support/MACD/Descending triangle/Wave 5 completion/Low test/Decel LTF - 15 min wave 5 completion/15 min break above 50 ema/1HR break above trendline/MACD/Support RR - 9.1 Management - Long term
In this video, I am going to backtest the Sell indicator that I have created especially for BITCOIN. This will be on the 8H timeframe. If you wish to see using the other indicators on lower timeframe, then please check the link below where I use the indicator to scalp bitcoin on the 15minutes timeframe.
If you like this idea, like it and follow me for more. Colour key: Blue = monthly, Pink = weekly, Grey = daily/4H/1H If you look at GN on monthly/weekly, you can clearly see it's in an uptrend. I've drawn out multiple supply and demand zones, as well as key levels, from the higher timeframes (see the colour key). I believe we may see a drop to the second-to-bottom...
Reading price action, we can see NZDJPY is testing strong areas of supply. Price is testing the trend line for the third time in confluence with strong areas of interest and wick rejection. If price maintains below this area, we can anticipate shorts down to our target.
Reading price action, we can see CADCHF is testing a strong area of support in confluence with a huge shift and double bottom at a .72500 key zone. If the price shows signs of rejection we can anticipate longs.
Reading price action, we can see NZDJPY has created new swing lows in confluence with a double bottom formation at key areas of psychological support. Price has also created a shift back above 76.000. If price breaks below this are of support, we must reevaluate price action.
Reading price, we can see that GBPCHF has been creating lower highs. the most recent price action has created a strong shift below previous areas of support. this shift in momentum has created a new lower low and lower high with a double top formation in confluence to strong wick rejection. If price can hold below this area, we can anticipate shorts down to 1.25700.
Reading price action, we can see that NZDCAD is making higher lows and highs in confluence with the most recent impulse clearing previous areas of resistance and now testing new support with a double bottom rejection. If the price holds and closes like this, we can anticipate the price to reach .88400. However, if the price breaks, we must reevaluate price action.
Reasons for entry: 1) Monthly bearish engulfing candle 2) Multiple reactions on the outside of 7 months uptrend line 3) Daily bearish candlestick formation 4) Past daily resistance 5) Multiple rejections around the daily resistance and gathering of liquidity
Reading price, we can see we have been on an uptrend with impulses in our favored direction. The last few candle closures have shown strong wick rejections to the downside. If price manages to maintain above this new support zone, we can anticipate price to reach 1.59000. However, if price breaks support, we must reevaluate price action. Due to the uncertainty of...
Reading price, we can see that EURUSD is on an uptrend with strong shifts in momentum in our potential direction. Price has cleared previous swing highs and is testing as new swing longs with a double bottom and rejection and key psychological areas. If price holds above this zone look for longs to 1.23000. If price breaks, we must reevaluate price action. Due to...