Here are few points i am looking for this trade
1.Btcoin showing us clear fake out signal (after a Strong break out and closed back down)
2.Break though up trend swing high and start to become new resistant
3.FLag pattern is formed and consolidtae show us weakness (below 0.328 FIb and holding that resistant )
4.We need to see strong momentum bear bar break down...
Hey tradomaniacs,
yesterdays FED-Statement dissapointed the Market since it priced in a step back by the FED with a possible statement about lowering upcoming rate-hikes aswell as the speed by Jerome Powell to fight inflation.
The worse the economy gets the more pressure is on Powell & Co to re-allocate the current circumstances.
However, Jerome was clearly...
After reaching the 30k figure, as was normal, BtcUsd has had a rebound. However, this rebound was short-lived and the price is near 30k again at the time of writing.
Yesterday's candle has a long wick to the upside and it looks like today's candle will not be different. This can mean strong selling pressure and could lead to a break under 30k.
Supports come into...
BTC UPDATE
I do day trading so I just take the advantage of market movement this analysis is good for a short term of a day not more
Before looking at this post you have t check my previous post about BTC
Now BTC in H1 it's in this pattern
I draw you a red line above 45.500, it's been a long time since bitcoin could not break this resistance
let us see what...
BTC 3H support is at ~$37100
Try to set more buy orders near the support zone
If BTC holds above the trendline,
the Take-Profit target would be $39800, $41350, and $44750
