L40_Ash

L40_Ash

Is there a trend starting here?

L40_Ash

Good morning all, BTC seems to be in a state of continuation. At this point, it is hard to consider that we have broken out of the downtrend as BTC keeps failing at $8299. Last week we saw a couple pumps, but nothing significant enough to consider BTC to be trending upward. With that being said we have a new week on our hands. The daily chart is showing a bull...

L40_Ash

Good morning all, Taking a look at the price action this morning it looks like the bulls are trying to gather themselves, as yesterday we saw the retracement from the 8.4k level (as specified in last idea). The 8k-7.9k range is attempting to hold us as support we will see if the bulls show up. This level is seen as the neckline from the inverse H&S from the...

L40_Ash

Possible long entry scenario - Were due for a retrace after yesterday. We found close to no resistance between 8.3k-8k. Specified in yesterdays post. We closed over 8k, therefore I'm considering the uptrend now. (also reinforced with your last message) So even with a nice red day if 8k could hold us this long scenario may play out nicely. Confirmations of this...

L40_Ash

Hello all, Trend Analysis/Technical Indicators: -BTC seems to be completing a inverse H&S. With yesterday's daily candle closing above $7526 (EMA50), it can be seen as a confirmation of a break of the neck line. Breaking of this neckline would conclude that we are in the midst of changing trend. Breaking of the neck line would also present insight to our new...