last 2 weeks selling pressure still dominant in IDX, market consolidating in 5900-6100 range. Waiting for significant sentiment for the market to move.
SIMP just made a new high on daily chart with significant volume. Break up the Descending Triangle Pattern, this give a high Risk and Reward ratio if look at the target at 670 and risk ad 485.
waiting for the price either to retest the current resistance or break above resistance to the upside
The price has hit a resistance and if it does not pass through it, we can wait for it to leave the pattern.
Bearish BIAS On the weekly chart, the price is in an ascending channel towards the triple top zone (resistance) The weekly candle looks like a Bearish pin bar On the daily chart, we have a double top within the reversal pattern Corrective pattern on the 2nd top Need to wait for an LTF correction before a breakout entry
Price broke down the rising wedge, backtested, now are we going back in or back down? Two scenario's: 1. 50K (yellow) 2. 44K (blue) I currently favour downside as it completes the trend reversal pattern that is the rising wedge. Without a doubt this is a rising wedge as price contracts and narrows as it gets higher forming a slope up thus the whole...
Btc price action for hodlers ( laziest way to get rich ) set orders at 25k-20k-14k 20k-30k price are reachable and safe and also logical for LONG HODL (months-years)
Hello everyone: Looking at NAS100 here for the reversal move that I have been talking about for quite sometimes. We can see price was correcting itself in the last bit of the ascending channel, and a strong bearish push below. To confirm the further downside potential, I would wait for a Head and Shoulder to develop here at the overall top of the the price...
Chart is talking itself. Now, we have witnessed a breakout, if it isn't fake and comes along with a pullback, it would go long to its 0.618 Fib RET.
Wait for the price to retest the zone and then look for the candles to show a signal. Trade safe!
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