BTCUSD 4H: Entry at the retest of the 50 EMA, as the 20 EMA is about to cross it. Just above (yellow) is the D1 resistance. Price broke above the level... twice.... only to break back below it. This weakness indicates further bearishness. I am targeting the bottom of the trading range, the HTF trend line (green), and the D1 Support below it @50910.55. SL...
Price is heading down. Where to? Like I mentioned in the video, likely to the HTF Trendline, which has been respected, or to the Daily support level . Looking left, you can see the D1 support is a key level of s/r. Bear in mind, price is in a range, right now, the bottom of which is 5310.oo area. If you're taking shorts, those are your TPs 1,2 and possibly 3. If...
Price has broken above the D1 resistance level. Waiting for a retest of resistance turned support, and look for a valid long position... after good confirmations! Be sure to smash the like button if you find my analysis beneficial!
BTCUSD was not ready for the push up. Instead, it broke back down through support. What are the possible destinations and how can we take advantage of the move? Check my analysis. Leave a LIKE if you support my efforts, and SUBSCRIBE if you want to enjoy more free education. Thank you.
This is when waiting for confirmations is supremely important. Those confirmations didn't show. I mentioned in my earlier analysis that there was a chance that this drop could happen due to the bearish nature of the Rising Wedge. But I didn't see it happening like this. Now, at current levels, maybe we get the confirmations for buys. BE CAREFUL! Who knows if this...
Price has reached my area of concern. Wait for confirmations, and look for a valid long entry.
BTCUSD: Price is making its way slowly to my area of concern @59000. That could be the spot to take longs, just in time for the big push up to new ATHs. Just keep in mind price is in a bearish structure (Rising Wedge). The support may crack and drop price. We'll monitor how price responds to that level when we get there. Meanwhile, I have been enjoying...
After a lovely uptrend, price looks to found itself on at the resistance line of a Bullish Wedge. Naturally, I expect price to head down to the support line of the pattern. Also, the PA shows price has broken structure, and is now retesting the previous lows on the HL levels. I would expect sellers to step in once price reaches between the 50 fib and 618 fib...
Just gave another chance for additional entry or initial entry for those that missed the original. Formed an M pattern, and retested the neckline.
Is BTC going to make a deeper retracement, and give an opportunity for a long entry? Perhaps?? With this idea, bear in mind I am late to cryptos, and playing catch up. I'm just applying some technical analysis to the market, and seeing how it goes. Let me know how I'm doing. ; ) HIt the LIKE button, and subscribe, if you want to support my efforts and enjoy...
AN seems to be giving the opportunity for a long position that eluded me last week. The bounce off of the demand zone, the breaking of the intermediate highs, shows strength in this pair.
A Pre-London set-up!
Pre-London Setup!
Keep an :eye: on this one, as it has entered my area of interest, near the 618 fib level, aligned with structural support, and OVS on Stochs. This is a strong uptrend, so looking for buys only. Wait for wick rejections from the level, and a bullish momentum candle up... like a bullish engulfer, a hammer, or morningstar formation. These are the confirmations...
AUDNZD has broken resistance and has come back to retest it as support. I look for price to continue upwards from this point. Please leave a comment or suggestion. A "LIKE" would also be nice! May pips be upon you.
Price had made a double top. Will it break the high? Or will it fall from this level like it did previously. The NFP is due in a few hours. We'll see how things go afterwards. This is a delicate situation..... Like and subscribe, people! Also, please leave me a comment! I want to hear from you! Thanks!
blob:https://www.tradingview.com/5b6f4efb-1f99-431c-bd99-dc51e296e0b6
With a weak USD, GU is moving up, closing above the resistance line of this multi-year Falling Wedge. That close signals more bullishness to follow. A close above 1.3400, breaking the minor resistance price has created, and I will look for a valid long entry.