BTC still ranging in between the major trend line nr. 1 and the next major resistance level around the 44,5k level. I will still remain bullish on BTC as long as we respect the major trend line nr. 2.
BTC respected my major trend line nr. 1 and has now made a good bullish push past the 40k level. If we are to continue on a bullish path, we have to see bars on the higher timeframe close above the next major resistance level around 44,5k.
Looking for both buys and sells today. Buys above 2010,53 with clean traffic to the left to continue the bullish momentum makes the most sense here today. Sells below 2002,84 means gold made a fake out on the higher timeframes and therefore expecting it to continue further down.
BTC still respecting the nr. 1 Major trend line with a fake out on the 4h timeframe. Still waiting for BTC to close above resistance for an extra bullish confirmation.
Currently waiting to see if gold will make a retest on support before continuing bullish. If we have a close below 1981,22 I will be looking for sells.
Took this trade based on the 4h having clean bars to the left and having made a rejection from resistance. Daily has also moved bullish so a retracement was imminent.
This analysis shows why I am still bullish on BTC as we have two major support trend lines that BTC still follows. If major support trend line 1 holds (as it currently is doing) I see BTC continuing back towards 40k by the end of the week. If nr 1. trend line is broken I expect BTC to move back towards trend line nr 2. If BTC breaks below trend line nr. 2 I...
Easy and simple analysis for BTC today. Closes above 40k means BTC is still bullish and we can expect continuation back towards 45k. If BTC fails to break yesterday's high's and breaks the low instead we can expect downwards continuation towards 36k.
BTC ending the week on a bearish push back below 40k. Some important things to note. 1) Although BTC failed to break previous high's around the 45k level, it is still respecting previous low's. This is a good indication for further bullish movements in the near future. 2) A close back above the 40k level will show that this is merely a deep retest on previous...
I would like to see BTC respect this current support zone and stay above 40k to continue back towards the 48k level. If we see BTC move below 40k, the next major support zone for it to retest would be around 36k and with that the continuation of the bear market.
Gold currently trading at high resistance level having already made fake outs at this level. Therefore looking for sells below 1932,3 and buys above 1939,52 which is above all the fake outs on the smaller timeframes and wick levels on the higher timeframes.
BTC making a perfect retest on the higher timeframes. As long as we respect support and can see a close above the resistance level I expect BTC to move back to the 48k level real soon. If we see a close below the current support, BTC can drop back down to 37k.
The 4h bar on gold made a big rejection from support therefore I am looking buys today. Two area's I'm targeting: Buys above 1931,6 as this would create a fake out for gold expecting further bullish moves. Buys above 1950,35 with clean traffic to the left. Will only start looking for sells below 1915,7.
BTC looking very bullish at the momentum. With it currently trading at a strong resistance zone (45k) we need to see a close above on the higher timeframes to see further bullish continuation towards the next major zone at 48k. Although the traffic to the left between the current resistance zone and the 48k could prove difficult for BTC, we could have one of those...
Gold currently trading at strong resistance on the higher timeframes. A push past the previous wick zone around 1927.7 and I will be looking for buys above 1929.17. Sells below 1915.77 looks good and targeting the next support zone at 1903.
BTFC looking super bullish at the moment closing well above the important 40k level. For bullish continuation I would like to see a new high formed and break previous resistance around the 45750 level. With the start of the new month it feels like everything is aligning perfectly for the next Bull Run.
GJ's daily is looking really good for buys tom play out and target the next resistance level at 155.81. Will be waiting for GJ to either flip bullish on the daily or if we can have a close above 155.18 before taking buys. Sells below 154.
Only looking for sells on gold today as the daily has made a big rejection from resistance. Sells below 1904 are looking good. Targeting the next support at 1898.85