H4 - Bearish convergence. Currently it looks like a correction is happening. Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
A typical characteristic of a bull market as seen is its significant highs are higher and its lows are higher. However, the market has confirmed moving into bear when the market broke below the major uptrend on the 3rd week of 2022. Now we could see the Bear is in-charge. And a typical characteristic of a bear market as seen is its significant highs are lower...
D1 - Price is bouncing lower from a strong resistance zone. Bearish hidden divergence followed by continuing bearish divergence. H1 - Bearish trend pattern. Lower lows. Until the two strong resistance zones hold my view remains bearish here.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is trading inside descending channel in a 10hr time frame. In this channel, we see that BTC is forming Higher lows and lower lows. So from here, we might test a new LL which is around $35k. After hitting that new LL we might see a relief rally...
As you can see on the chart we got a lower low and after that we get to see a higher low. On the RSI we get a higher low on the lowe low and lower low on the higher low, this usually indicates a bullish pattern. RSI is overbought on the 4 hour chart. Strong demand levels confirmed. I don't know what else to say more than I think this is a great buying...
D1 - Price is bouncing lower from a strong resistance zone. Lower lows. Expecting the price to continue lower further after corrections. H1 - Bullish convergence. Currently it looks like a pullback is happening. Potential bullish hidden divergence. My short term view is bullish and my mid term view is bearish here.
In my honest opinion i don't really know where the market is going. But base on my charts and Fibonacci placement, it's a downtrend. This is a weekly timeframe for BTC, as you see BTC has set a new Lower Low. I would expect more downside to come for BTC. Much more fake outs and much more bear traps. On the other hand, larger players like whales are buying up BTC...
My thoughts on bitcoin? 1) downwards channel formation still intact. 2) lower highs, lower lows. 3) breakdown from uptrend that started July 2021. 4) market structure aoi around $44,444. 5) would like to see a 3rd tap on the support line on the downwards channel with strong buy pressure. Happy holidays to everyone, and Merry Christmas. 👍
Hello all, Please do this so my 24th birthday isn't depressing. I just want all my debt paid off by 2022. Downtrend (lower highs, lower lows) Target $44,444.
D1 - Price is bouncing lower from a strong resistance zone. Bearish hidden divergence. H1 - Bearish divergence. Lower lows. Expecting the price to continue lower further in the short term until the strong resistance zone holds.
A previous Bullish Uptrend has been invalidated at the Break of S1 which created a Resistance and a retest at S2 with price holding to retest the trend-line acting as Resistance. A Bearish Engulfing and or Spinning Top with a Strong Bearish Candle is required at this RESISTANCE AREA to go short.
D1 - The price which is moving lower has broken below the 100% Fibonacci expansion level of the first wave and is holding below it. Lower lows. No signs of trend change. Expecting the price to continue lower further in the short term. H4 - Bearish convergence. Currently it looks like a pullback is happening. Until the strong resistance zone holds my short...
D1 - Price has reached a strong resistance zone. Potential bearish divergence. H1 - Bearish divergence. Lower lows. Price has broken below the bottom of the range. Currently it looks like a pullback is happening. Until the strong resistance zone holds I expect short term bearish moves to happen here.
Chart is self explanatory. Trade based on your study and responsibility. Don't invest and trade blindly.
Hey guys, this pair has been on a bullish trend. It traded through it's previous high and its currently forming lower highs. Formation of rejection candles will be enough for me to go short on this pair. My bias will be invalidated incase the upper trendline gets broken. Happy trading guys.
USDCHF We're currently in a long lasting upward channel. Price creating LLs and LHs, currently creating another LL with a SPRING? August showed few clear Wyckoff schematics and I'm considering some setups around the mentioned areas (especially 0.90500 - 0.91000 area). With still some room in the Stoch for an upward move on higher TFs, the 1H is showing signs...
On this 30min chart showing price history over the previous month, we can see that NIO is in a down trend. Lower highs and lower lows Besides the basics, Guth 3x confirm gives a sell signal while MACD shows we are at peak bull strength which means we should see bears regain control of this bearish trend. Today is critical! If we see a new high, then this...
Hello, Traders! I expect a short term continuation of this downtrend. If we take the current movement to the downside into account we can see that it's pretty weak and that a flag consolidation is being formed. On the daily time frame the 200 MA indicator might act as a support. It is better to watch this pair closely as it could soon move up again. What do you...