Looking at the 30 min cart on BTCUSDT on Poloniex for swing or day trading I would be looking at trading the sideways trend channels and looking at closing positions if the sideways trend breaks either upper or lower levels.
We have a good looking short term consolidation in a relativity narrow channel between $3620 and $3720. This is not a long term...
Breakout on the cup and handle diverged and formed a small double top which is now reversing with the breakout of a falling wedge. I expect this to rally for the rest of the day and gap up in the morning following a rally for the rest of the day tomorrow. The fed meeting today did not leave investors with any surprise's and Bank stocks do not have anything to fear...
Waiting for dip C to define itself better. Could go as far as 78% before invalidated. The PRZ is well in line with a 1.27 extension as well as the 78% confluence, heightened by the major 4hr structure support broken (and set to retest). Trendline also suggests a possible continuation back into the downtrend. all of the pieces are hitting.
QQQ is consolidating after it's plunge recently, and we see a higher low coupled with the test (and break) of the channel high. I believe traders will try to push price back to the supply zone in red. Yesterday's breakout was met with selling, pushing price back into range. This presents an opportunity for buy on the dip next time the upward blue trend line is...
