GreenValleyTrading
Long

BTC/USD /// Weekly & 3D /// Bullish setup

Beautiful doji on the 3D close
Comment: Resistance levels :
10400 - Monthly pivot
10600 - Volumes point of control
11000, 11500 , ....

Support levels :
10100 - 2nd volumes POC
9750 - past weekly opening, which needs to hold in order to preserve the weekly inverted hammer
Comment: On lower TF,
BTC is tryig to pullback over the monthly pivot after the falling wedge breakout
Daily RSI broke its trendline
Nice hammer candles formed on the daily and 12h close

Comment: On 4h and 1h chart,
we can observe the retest of the short term falling wedge, with a POTENTIAL diamond reversal pattern with bullish divergences

Comment: It sill needs to break the daily pivot first, then the weekly pivot, then the monthly pivot, and the 10600 level !

10100 support still holding, if it breaks I'll look into 9750 area
Comment: Price was rejected at resistance after a short term bounce
This scenario was obviously canceled when price went under 10100 and 9700
Comment: Check it out ! :)

https://www.fxleaders.com/forex-signals/...

Comments

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