We need Bitcoin to test above and confirm the 200ma on at least the 4 hour as support. Things are looking ok now, but everything will look that much better after recovering the 200ma. This is not financial advice.
#BTC (Daily Update)
Welcome to this quick update everyone,
In Daily timeframe Chart, Finally, After 5-Months Long Consolidation, Broken out of the Descending Channel to the Upside.
Daily Candle Closed Above the 45k & 200-days Moving Average (MA200)
In Daily & 4H timeframe, RSI Bearish Divergence has Still Valid..
Overall, Bitcoin Bulls in...
Potentially Bearish Divergence @ the 200 Moving Average. Price had previous completed a 3 wave correction followed by an impulsive move up with a small pull back, in which the impulsive move could continue up and find resistance at the 200 Moving Average along with a potential supply zone @ 0.72354/0.72226.
Alerts set @ 0.72265
Still Bullish for the mean...
Good Day Everyone
Here's my idea on the USDJPY pair looking at two possible scenarios on the pair, looking to see if the descending channel holds or we will see a break above the channel and see a move to the upside, the pair is fairly close to my 200 MA so i will look for the channel to hold and see a move to the downside to go retest the structure unless we...
Today’s Analysis – ONTBTC – breaking its neckline zone if it’s Inverse head and shoulders. A retest and hold of the .618 Fibonacci is a long opportunity with defined risk.
Points to consider,
- Macro Inv. Head and Shoulders
- Neckline support (Retest)
- 200 MA Immediate Resistance
- Oscillators Neutral
- Volume Profile in synch