As we can see market is going in uper channel. So we will find a sell opertunity near its resistence if market show a fake out. we will enter on divergence strategy.
As we can see divergence in price and RSI so we will buy on confirmation from 0.11276 to 0.16786.
According to that technical view BTCUSD 1st will touch 24800 then will come down again.
As we can see that market is comming down in Triangle. and also creating H&S pattern but from both side market is unconfirm so we are wiating for one side confirmation.
S/R Explanation As We can see the Support and resistance levels in the XAUUSD Price chart. Meaningful explanation of Resistance Areas. 1. Blue line at 2075.22 , This a highest point in Gold. Market never achieve this level in the past this is the most important resistance level. We cannot ignore this point as well. 2. (Two Red lines) 1973-1979 at that...