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betanajc Updated 

Bearish momentum!

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Support confluence matched by RSI divergence

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UJ pair on the daily timeframe has made a retracement to 61.8 but is still displaying bearish structure. This could be a good short setup. It's right now at the confluence of two trendlines, both of which are showing price in a seller's market. Fundamentally, USD has been bearish because of US politics. Lots of good setups ahead.

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Triple confluence

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Market has been in a considerable range. It has now hit a major support & demand zone, in confluence of the 38.2 Fibonacci level. Will be waiting for a signal confirmation in lower timeframes.

betanajc Updated 

1. Market structure is now bearish 2. Major trendline has just been broken 3. Trendline is being tested 4. Retest formed a double top on H4 with confirmation of shooting star 5. H1 shows bearish engulfing 6. Price retest to 23.6% Fib level 7. RSI divergence on daily 8. Might form an H&S on daily; currently at head

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We saw BTC crash after forming a double top along with the release of news regarding Cash. What we're seeing now is the possible formation of a double bottom on 78.6 and a major trendline. Either that, or it breaks the structure and continues to 5700.

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Pair has been in a triangle since last year on the daily. If it breaks the pattern, it will also break the consolidating structure. This could signal the start of a bullish run.

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1) Giant H&S 2) Bearish engulfing 3) Nicked 38.2% 4) Tweezer tops 5) Bearish trend Market looks slow on lower timeframes - waiting

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Going down maybe?

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Buy confluence mi amigos

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Reached supply & resistance zone on daily, hit 3rd touch on trendline On H4 we have RSI divergence Will be looking for confirmation

betanajc Updated 

Not a lot of supply at 6k area. I think this guy will keep going down. 1) RSI divergence 2) H&S 3) Tweezer top

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I can't make sense of this market right now. Seems to be forming higher highs and lower lows. Probably consolidating. Will be watching for any potential setups particularly harmonic ones. Still within the bounds of Fibonacci levels from drop since Sept of this year.

betanajc Updated 

Currently have a sell order here in profit, but I think it's going to form an ABCD and follow the macro trend. 1271 has a triple Fibonacci confluence and is also a demand zone so I will keep my watch here.

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Will wait for strong confirmation before selling.

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Triangle market structure; price is on strong support confluence right now. If we zoom in to 1H we can see a very odd looking candle. Wicks are equally long relative to the open and close prices. This suggests a market equilibrium. Now we just wait for buy confirmation. Caveat: price has been showing strong bearish movement.

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Will be waiting for a good position to buy. Probably at the .236 confluence or if we have market structure showing stronger bullish price movement.