We are presently facing resistance from the orange trend line, expecting the dollar to gain strength and finally break resistance, until we hit our next trend line
Silver has been currently trading within this wedge for a while and is now due for another explosive breakout to the upside. Be careful with position size if you are looking to take the trade
Price is currently trading within a rising channel on the hourly. Expect price to bounce of the lower tend line of the channel and reverse higher to hit my target.
Not a clear descending triangle due to price manipulation. Price has mainly been trading within the triangle. I'm expecting price to breakdown Monday in line with the stock markets. I'm anticipating price to drop to 8200 - 8400 region
Bitcoin may break down further to 8200 support or possibly rise to 9600 resistance
Price is currently testing resistance and may drop to the lower 9000's to test support before a final breakout occurs
Price currently testing resistance and may get rejected and form new lows in the S&P 500
possibility of further downside is still in play, the White trend line should act as first line of strong support if price drops then the Yellow trend line below should act as final support if it drops lower
bitcoin currently trading in a descending triangle with a possible drop to 7.8k
Just found my old chart that I haven't used in a while and now I've connected all the dots with my new chart. Every trend line drawn has pin pointed every top and bottom accurately which is crazy. Always keep your old work because it comes handy later.
Bitcoin following the same path as traditional markets which may indicate further downside to come