short from a daily resistant at .236 fib level with a bearish reversal pin bar.
GBPJPY has overall bullish market structure with a pullback and several wicks rejection on a daily support and and .382 fib level.
continuation sell as gold breaks a new support level
continuation entry of gold short with respect to .382 fib rejection.
Bearish downtrend channel with lower lows and lower highs to confirm bear structure. There was a break and retest of an older 4hr uptrend. At the retest level, we can see a rejection off a new resistance level that was previously a support level as well which lined up with a Fibonacci level. (important and key factor). The final confirmation for entry was the...
Every bitcon bear market has a -85% pullback.. This one will do the same. 11k is 85% from the last ATH.
As you can see there is a downward traingular formation inline with the mainnet release. I suspect that if the next few bars break the resistance line, there there is a good chance for upward swing in price. My personal targets are 930 Satoshi. Also, the RSI is over bought.