XBT has failed to break resistance 3 times now.
overall trend still bullish however we are long over due for a pullback.
I think we should see some new market structure here and perhaps a drop down to the demand zone. I will be watching closely for shorts
XBT/USD 4hr
After a 17% drop over the weekend we now are back in a nice consolidation zone.
this level is right on our 61.8 fib level,
it also lines up with previous structure before we seen a move to 10k.
Short term we may head down and test the trend. IMO it wont break that overall trend and we will see another move up.
I am seeing a lot of these candles in this zone...
XBT has created new market structure and we are back to the price level pre covid-19
There is strong resistance to break with an equally as strong supply block, the next supply level isn't as strong (due to only a small consolidation zone before it) meaning we could easily break though it.
XBT is a no trade zone for me at this stage. I will be looking for shorts...
LTC has been in a downwards trend for quiet sometime now.
I am currently watching this current demand block.
if we break though it we should see a move down to the next demand zone or even a touch and bounce off it. that's when I will be looking for longs.
no trade just yet.
if we tweezer bottom off the support then I will be looking for longs after a break in...
a few minor changes from yesterdays chart,
today we broke out of the consolidation zone in a bearish move but the bulls came back and stopped the price getting through the demand zone. also lines up with the 61.8 on fibs
I am thinking we are going back up to try and break that resistance level once more.
XBTUSD 4hr
XBT looking very indecisive as we move slowly through this current consolidation zone. I am waiting for a retest at resistance to see if we can create new market structure.
XBT 4HR
still in the consolidation zone after the weekends drop.
In my opinion we bounce around in this zone for a few days before we see another move
Current direction is up however trend bias is still bearish.
XBTUSD 4hr
Let me know your thoughts
After a decent 20% move in the last 24hrs can we break this resistance and make it up to the supply zone?
In my opinion this looks like a key level and could be a hard level to break.
we could consolidate just below this resistance for a few days before a re-rest.
ETH/USD 4hr
