Similar to yesterdays scalp idea, buys here look good should we see price close above our level. Be cautious of Powell speaking and revise Prelim UoM which may effect the USD, but other than that if we can see price action play out around our level we are good to take buys from there.
BINANCE:BTCUSDT
Hello dear traders
the Bitcoin is above the its trend line and its
support zone, it can rise to the resistance in
this here, but if it manages to breaks the support
zone then it can fall to the $38K range.
Price rejected the top at 1.82000 area with a breakout of the trendline.
The price is forming a nice correction that possibly can break to the downside.
You can enter at the break of the correction or wait for more confirmations as to how did the structure break (impulsively or correctively)
This is a nice setup if the correction breaks to the downside.
The...
Here we see a plain old bearish bat pattern on the euro yen charts.
It is likely that the market will quickly rally down to the 1.618 extension of the BC leg, i have it forecast at 1.5 hours.
I placed my stop at the point X
My entry at point B
And my limit at the 1.618 extension of the BC leg
Thanks for checking in, come back and see if it completes.
As...
