MII1502

MII1502

We have seen a steady consolidation and an internal Resistance recently tested, a bearish Engulfing has been identified, which I usually expect at key area, however I am currently seeing a minor consolidation and the break out of the consolidation with a good momentum will determine if selling is still valid. On the Flips Side; if the high of the Bearish...

MII1502

The OVERALL TREND on WEEKLY and DAILY seems to be complimenting each other which means both time-frame agree, I shared a previous insight on BTC weekly a year ago Nov 20, 2021. Today, I am looking at what to expect and I see the correlation clearly. I might be wrong but the PRICE ACTION is obvious, carefully look at the key levels identified and see the...

MII1502

Hi! based on MIIPA STRATEGY's 1H and 4H timeframe, I see a retest at Key Resistance Turn Support and a confirmation from MIISC STRATEGY showing a smart cross on 4H with a clear Bearish Engulfing and also on 1H and 30M respectively. On 30M currently, price needs to invalidate the price level at 85.119 and if this is achieved, probability is high for a sell to the...

MII1502

We have a Key Support Area with a clear consolidation, this key area, I usually allow the market to provide me a break out and pattern confirmation for entry, there is the possibility of price breaking above and creating a Bullish move towards 36k and 39k and there could be a break below as well. if we see a break below to 24k and 21k, we should not stay too long...

MII1502

For Bullish Opportunity: Currently the yellow and grey indicator are trading above the Blue indicator which is a Bullish sign, however, considering the Minor crossing of the yellow indicator below the grey indicator and price approaching Blue indicator, it is advisable to patiently wait for the reaction of these indicators for a valid confirmation of trend. For...

MII1502

two key areas are identified on the chart with price range not far from each other, I am expecting a hit, retest and continuation here..

MII1502

So far we have been able to visualise the price action and see that previous support has been invalidated and the support turn resistance indicates a retest and a possible continuation towards the KEY SUPPORT AREA and a successful break below gives a potential sell towards 1.06361

MII1502 Updated 

on higher time-frame such as Daily I see a choppy marktet however, 4H did a Bullish move and that applies to 1H. we are currently at a KEY RESISTANCE Area, so far we have seen that there is been a false break-out, a temporary buy and currently a consolidation. My best bet here is to not look for a buying opportunity till we have 75-85% confirmation that price has...

MII1502 Updated 

We have seen a successful reclaim above the 200 day EMA with a BREAK-OUT of the RESISTANCE AREA and the Trend-Line (Acting as RESISTANT), our target focus is towards 1.29357 - 1.29457.

MII1502 Updated 

Based on past data, I have extended the trend-line (24% opacity) acting as SUPPORT towards the current price and a trend-line (100% opacity) acting as SUPPORT, from the 100% opacity trend-line, there is a rejection with doji/spinning tip and a Bullish candle strong enough to be compared to previous Bearish candle. if you observe the trend-line with 24% opacity...

MII1502 Updated 

Here I have identified a Bullish Engulfing at SUPPORT AREA, considering the sell off that took place from 15th Nov through 19th Nov, a correction is expected towards 50 and 61% correction Level.

MII1502 Updated 

A previous Bullish Uptrend has been invalidated at the Break of S1 which created a Resistance and a retest at S2 with price holding to retest the trend-line acting as Resistance. A Bearish Engulfing and or Spinning Top with a Strong Bearish Candle is required at this RESISTANCE AREA to go short.

MII1502 Updated 

looking at the chart, KEY RESISTANCE has been identified, with consistent consolidation and a break below, currently expecting price to break below the Minor Support Area which we will have a high probability to sell towards 1822.40

MII1502

I placed a wager that Bitcoin will not hit $70,000 before November ends, before placing the wager cos I haven't done so before, I had to look at my chart and understand what the price action looks like cos I am a pure price action trader. Considering the build up so far, a person can identify that we have seen quite a retest from 8th of March through 10th of May,...

MII1502 Updated 

From identifying the Zone (Rectangle) to be a key area, we have seen a channel up trading above the support area and a successful break below which approached the support zone. From studying this chart we are expecting the price to retest the trendline currently acting as resistance with spinning top and a strong bearish candle or a Bearish Engulfing at the...

MII1502 Updated 

Hello! As you can see from the 4H time-frame a clear rejection at R1 and R2 gave multiple rejection, when considering the Double Top chart pattern, this setup fits 85%. I am looking forward to the S area.

MII1502 Updated 

At the circled area, price is currently trading at SUPPORT AREA, looking back we have been able to identify several retest/break-out. Things to Expect: Bullish; If price can buy above 0.73161 then we are seeing a buying opportunity. Bearish; If price breaks below SUPPORT AREA, to trade below 0.72825 then we have a Sell to the next SUPPORT AREA.

MII1502 Updated 

A valid triple retest of the Resistance Area has been identified confirming a valid Triple Top. A break below the mark price 1862.751 is needed to confirm a potential sell off.