Already as you can see in 4h chart of bitcoin, the market is going to change to the bearish.
Why?
1.RSI Bearish Divergence.
2.Pullback in the chart.
3.Pullback in RSI oscillator.
Looking Bearish to these eyes. Bearish momentum after a macro trend break.
Check the video, and leave a comment. I would like to know if you agree or disagree, and why.
AUDNZD UPDATE: finally after taking a losing trade last week i give this pair a second chance we now see on the weekly chart that a big bearish candle breaks the bullish trendline however it is now moving back up to retest the 1.08344 resistance area TYPICALLY I'd wait until it hits the 61.8 retracement to enter but looking on 4h i can see big rejections but that...
Analysis completed.
All targets hit, limit orders filled on Binance.
Time to prepare for the next bull run in the future until $ 74865.
There will be plenty of time to DCA into BTC, CARDANO, Ethereum.
ATR volatility is increasing, last candle show bearish engulfing, picturing from yesterday "so-called-dip" is showing bearish movement, and I think that last pattern looks like bear flag.
Also, as some of us know crypto market are kinda tidally-locked with BTC market movement, we should take a close look at what BTC market is doing.
So, are we really still on a...
this is haidojo and the number is 183...
analysis maintains "short on rebound"...
that is nothing much to comment except that the market fcpo-dec is sliding down slowly...
lower-high is formed...unless the price challenges 2900 and maintains abv it, then we might be looking at a possible reversal...
higher resistance : 2900
immediate resistance : 2800
...
Price is being rejected by the Weekly resistance zone and the upper channel. The formation of the head and shoulder pattern also indicated that the bulls failed in creating a higher swing high. The RSI is showing a divergence. We want to take a sell position when we have a confirmation to go short.
this is trade 155 frm haidojo trading...
after the counter-trend yesterday, we have a pretty painless trade today...short near 1540 and took profit at 1520...
price even moves lower than the previous low and continues to 1500++...
now we are anticipating the price to move back retest 1512-1520,
support-turn-resistance level and short near that level...next level...
Welcome to my daily market update (11/05/20):
• Damn, I wanted to post yesterday a market update but a few minutes right before I was done, the market went crazy, which is extremely fun!, my expectations were right, and we finally received my weekly red candle (Or did we? Few more hours to go xd), so I delayed my update until now.
• So what we have so far on...
A straight dive after the candlewick touches the resistance line and break and close below the recent support show weakness in the appreciation of USDJPY.
As it is needed the break and close below the most recent low once more, to confirm the intent of the market movement, it is now a slightly weaker bear, yes, bear market you hear me right.
If the bearish move...
Could be a great opportunity to short the AUD against the Honk Kong Dollar
Waiting a signal at the horizontal resistance but if price pushes above then i will be waiting for a signal at the diagonal resistance - incase the big boys are trying to catch people on the wrong side of the market.
Will see how this materialises over the coming days
1hr/ 4hr time frame, price retraced after breaking below a key support level, sellers were not showing any loss of momentum showing us that the pound can continue dropping lower.
