I see ADABTC bouncing off the weekly order block for a little while before dipping down inside the order block to hit the daily support at 330ish, wait for confirmation before entering at 350ish, profit goals are the circles where it crosses trend lines and fibs, then at fib levels above that possible 250% gain.
Bitcoin has been ranging for quite some time now... I'm guessing either we will keep ranging for some more days/weeks or we will see a big move in the coming days. Maybe some catalyst news for a big boost up or a dump like in november?
After a week or so away from trading I am back at it. Here is my analysis for USDCAD. Price has failed to break through resistance @~1.3330 multiple times telling us a reversal may be incoming. We can also see the ascending trend line has been broken and price is currently retesting, sitting in our 4H order block and just above the 61.8% retracement from the...
Waiting for price to retest this area as a new support before hitting previous highs. Risk reward is 1:3.
Bitcoin is moving from zone to one, it's crazy how accurate simple price action is! Let's see whether it manages to close above the 0.5 EQ for a bullish scenario...
If bitcoin closes its nxt 4h candle above this 4h OB, that would be a bullish scenario. 30 minutes left, long it or wait for the retest! if we dont close above (whole candle) I would wait for a potential short scenario.
Still below my weekly key level, also below the weekly open... I feel like a lot of people would expect a move to the downside seeing this chart. maybe the exact opposite will happen? I'm guessing it will be a big move up or down, too risky to trade imo, I will just sit this one out and try to catch the pullback...
Expecting to see BTC retrace into at least the higher grey demand zone (H4 buyers) if not potentially the lower grey demand zone (daily TF buyers), before pumping hard up out of the bull flag we've seen printing this last month or so. Higher target from the flag is $18500 or so.
Retest of the weekly key level after we have broken the bearish trend would be really bullish. Looking for long entry here, this could go wild...
Let's see if we can get this higher high with a break above the OB, this would break the bearish trend.
Retrace to the top of the 4h OB then move up to the higher OB for a higher high? Or lower high and move down below 9000?
Rejection at the 0.5 EQ of the 4h OB, looks short term bearish to me, looking at a retest of the lower OB.
Close above or below the Orderblock for bullish/bearish sentiment, at the moment it looks bearish to me since we're under the 0.5 EQ in the weekly OB.
Cleaned it up a little, new 4h OB was perfectly hit with last 4h high, well see how it reactes next time and decide then.
I won't make a forecast but share my analysis from the most important levels to trade on these next few days. I would turn bullish if we close above 12.4k and flip RS. Otherwise, if we continue with the downtrend I would expect reactions at the signed levels. 8.3k would be almost a dream, but a legit retracement for the bitcoin rally. At this time I'm spot BTC...
Nice little channel one 1H. In the ichi cloud so possible e2e. 2R trade. Let's see if we get it.
Possible bear div on weekly. I like the R/R here. Target might seem obscure now but we'll see the reactions from critical levels. Besides, cme gaps will fill before massive bull run imo.