Price rejected at .618 the trend is bearish looks like we will continue if H&S idea works out then I will just keep moving my stops for the bear flag targets #DYOR
I am Bullish on Smaller timeframe after the current move & break of 7380 but on HTF I am still bearish until we close above .618 Fib resistance i will still try shorts #BTC inside a rising wedge on the weekly time frame, bulls are looking strong with halving closed in, this will be interesting to watch If somehow we manage to break the WEDGE on the upside it...
Because of a lot of noise on LTF I decided to briefly overview weekly timeframe. The current chart has a daily timeframe for greater clarity. Resistance here is a block $7000-7300, so to turn really bullish bitcoin needs to hold up above weekly resistance, purple thing on the chart. So, I think until we close above $7300 any growth even up to 7200 can only be...
im not saying doom and gloom but there is a snap back coming: - rsi above key value - strong divergence present - similar date range of previous 2 div pumps - at resistance - "bullish at the top / bearish at the bottom"
We've reached the structure high of the ascending channel (as mentioned in the previous post) and have correctively broken it on the 15min timeframe (with a rising wedge). We've now broken back into the channel but since it's the daily close, we're going to wait until the spreads calm down (which usually takes an hour or so after the daily close). I'll be entering...
Beam is forming nice small time frame price action in a HTF area see here: Possible to enter here aswel
We see a Eur cad hitting support + qm area after some nice bearish move ... i expect a bounce to the upside (ltf entry for nicer RR or HTF entry for stressless trading) plan B would be a break of the zone and retest from below to get in short .. observe the candles when we hit or break area and let them tell you the story ....listen Carefully ;-)
NzdUsd putting in a nice head and shoulders pattern with divergence and confirmation on the RSI on the 60. We have also recently broken a level on the daily and even though in overall consolidation now we can take this as a shorter term on the pullback or break.
on the 60 we have a small consolidation which we have a break to the upside and potential to go a bit higher. On the Daily we bounced off support and can predict the relief even higher to inside structure based off the daily.
KEY POINTS : 1- 9930 RESISTANT 2- 11770 RESISTANT 3- 7585 7411 SUPPORT
Small opportunity on the EurJpy, despite us reaching support I do think we can retest the lows of the 1hr close. The Daily can put a bullish head and shoulders pattern but I think this move is possible due to RSI showing strength on the swing.
On the weekly you can see a massiv bullish divergence on the OBV for Bitcoin building up. This is a regular bulish divergence where the dumps become less and less powerful. I wouldnt base a trade solely on this divergence, but it tells, that a reversal is getting closer. Maybe not the next or the one after. But getting closer.
Yesterday's defense of 3495.50 on BTC leaves us able to maintain near term Bullishness. A healthy correction is ideal, and welcome. 3530 is a level I'll be watching. Even a quick dip below to 3480 would be a nice opportunity to load back up on longs. A daily close below 3495.50, and we likely revisit 3.3 or lower.
You know those movies where they throw a ball blindfolded backwards into a basket 40 meters away... Well, observe in awe as this unfolds, if it does. I'm not guessing.
Hi All, here we have a Bearish Cypher - how ever I do not think we will see this get here, I think we will break past the C Leg which will invalidate this pattern. We may test the C Leg and bounce back before continuing to the downside. I have 3 or 4 key levels that I will be watching price action along with RSI and some other filters. We have 141 and 127 FIB...
It's been a very slow week for me, but luckily Jason is picking up the slack. Going into Friday's Job Report I have no intention of entering any new positions aside from this potential bullish bat pattern on the Kiwi. NZDUSD is in a very interesting position as our HTF trend has bounced off previous structure resistance, yet our LTF trend has recently created a...
Slightly bullish due to the support zone - until it is broken.... much longer term if we continue i would expect a new volatility zone to emerge at above144 and go on to test 152... if we breakdown then i would expect a retest of 136,132 ... possibly even 128 and then 123....? -that's all possible without looking at news - all i am doing is picking price and...