DOJI evening star on 36 day chart - big bear sign 9 days to finish a current candle to confirm down moves possible FIB retrace levels 3160 (0.618) & 2740 (0.786) vWap resistance retrace level 3850 volume profile median level 3380
In yesterday's post, i talked about crab patterns and likely price behavior around them. Snapshot of yesterday's post - There is also a crab pattern formed on the daily chart suggesting a resistance around 24560-24660. Price action near crab resistance is usually wild, by wild, I mean you can see spikes, large movements in the prices in any direction, so if the...
technical analysis is indicating further downside pressure towards the $60 region before we catapult back up towards yearly highs (maybe higher). the green box below is a great buy zone
My idea is that BTCUSD, without any major fundamental changes, will continue further down after it's recent retracement. My initial target is the low's of August 2017. Longer time frame(s) have been glanced at and an appropriate risk/reward ratio has been set. The 1W timeframe shows the initial target roaming around the 200SMA.