We discussed this market in the weekly trade ideas last week and how price was strangled within a tight range and box pattern.
Price has finally broken out of this consolidation and exploded higher.
The breakout traders who made this trade would not be sitting on handy profits whilst others could be looking for a second chance entry.
If price rotates lower back...
Price is now looking to breakout of the intraday resistance level with a potential re-test of the yearly highs made earlier in the month.
A test of these highs looks crucial because if the swing high resistance gives way we could see another extended leg higher.
The trend has been clearly higher on the daily chart this year and another break would expose a lot...
Price has finally snapped higher out of the consolidation box pattern it had been stuck in over the three weeks.
The last time price tried to breakout it quickly reversed and created a false break.
The old breakout resistance level looks key. For the breakout to remain a breakout and not a fakeout the old resistance will need to hold as a new support.
This is a market we have been charting and discussing heavily in recent times.
Whilst price has now moved through a period of sideways consolidation, it could be looking to make its next serious move.
As the attached 4 hour chart shows; price is testing an important intraday resistance level.
If this gives way price could quickly move back into the recent swing...
Support Being Tested
Whilst the price of Bitcoin has not been doing much in the past two weeks, it now comes to an interesting level.
The medium-term trend on the higher time frame charts is higher with price in recent months making a strong move.
Price is now testing an important daily and 4 hour support level.
This level looks key if price is to continue the...
This is an interesting pair. After making a clear trend higher on the daily chart, price has not yet been able to breakout of the recent consolidation and form new higher highs to continue the trend.
As the attached 4 hour chart shows; there are clear range support and resistance levels in play.
Aggressive traders could look to make range trades from both of...
We discussed this market last week and the important intraday resistance level we were hunting short trades.
After selling off twice at this level, price is now once again looking to make another test.
Looking at the longer-term charts the trend is clearly lower and this level looks key.
This market is now attempting to make a reversal back higher and a break...
After making a nice trend higher on the daily chart, price has stalled into a sideways box pattern.
After trying to make a breakout higher that ended in a fakeout, price is very much stuck at the moment.
The best play looks to be to watch this pair until price makes a clear break out of this congestion and shows some clearer price action.
This is a market we have been discussing heavily in recent times. Price has been holding at the intraday price flip support level and consolidating.
As discussed yesterday, for price to make any sustained moves back higher it would need to bust through the intraday resistance.
Whilst price attempted to make a move back higher in the previous session, it ended...
This pair is currently stuck in a sustained period of consolidation and is trading within a very tight box.
Aggressive traders could be looking to find trades from the resistance and support levels on the smaller time frames until these levels break.
More conservative traders should be sitting on the sidelines until there is a clear break and more free-flowing...
Price attempted a breakout higher in this pair last week that turned into a fakeout with a daily bearish 2 bar reversal.
Price was looking to breakout higher and through what has been a tight ranging period.
Now price has moved back lower into the range, more sideways price action could play out.
In the short-term the intraday price flip level we discussed last...
After forming some explosive price action in both directions recently, price has cooled off and is in consolidation mode.
As the 4 hour chart shows; price has formed a bullish pin bar at the recent price flip support level, followed by an inside bar.
This intraday support level looks key for this market and an important level to watch in the coming sessions.
We discussed this market last week and the fact that price was looking to pullback into the major support level and 50% Fibonacci level.
Now price has pulled back into this level we can see a bullish engulfing bar and rejection candles have formed rejecting the support.
As yet there has been little follow through and for a move back into the recent swing high...
The negative divergence on the relative strength index suggests that the momentum has weakened. If the price breaks and sustains below the 20-day EMA, the traders are likely to wait for the BTC/USD pair to find support at lower levels, before buying.
On a drop below the 20-day EMA, the decline can extend to the $11,100–10,900 support zone.
Contrary to this...
After several tests, price finally breakout the key resistance area
And is now pullback to the area to say goodbye and the last kiss.
Strong support from buyers in this area could push prices up again.
bulls are sharpening their horns to fight bears in the area.
If the bears won, the price will be corrected to the Fibonacci levels.
This is a major watch in...
In yesterday’s trade ideas we discussed this market and the key resistance level we were looking for short trade signals.
Price moved into this resistance and formed solid bearish trade signals on both the 1 hour and 4 hour charts.
Price has now sold off lower with the recent swing low becoming the next major support.