Current Range levels: 1) 3.618 to 5.618 (at maximum) 2) 4.236 to 5.236 (concentrated) Near Points of Thick liquidity: Should be noted, old liquidity can easily be shredded with enough momentum. a: 55k & 53k b: 30k - Cases for touching "a" first: 1) When BTC.D begins to drop bitcoins price historically rises, on daily BTC.D has had a lower hight and is...
tools used/ fiboancci, support and resistance, depth chart so, here, placed sbo @2463 and sso @2496 , using depth chart . lets see hou it goes.
On the 4 hour chart we can see a clear inverted head and shoulders pattern has formed...it needs to go above the thinner grey line to break the neck line in order to be valid, but even then, we need bullish confluence in every key indicator (rsi, stoch, mac d and especially Volume) to validate the pattern. To break the grey neckline we will need to get above...
PROJECTION - BECOMES SHORTER FROM THE PREVIOUS MOMENTUM - ALMOST THE SAME FROM THE PREVIOUS DEPTH - WAITING... EXPECTATION - LH
MY 2ND HOMEWORK WITH MR PIPS OF ORDER FLOW MOMENTUM PROJECTION DEPTH
Background: The downtrend is still intact , nevertheless price managed after forming a higher low to breach a downtrendline and form a higher low , price managed to break a resistance level @1.108ish* and therefore shows some potential to rise with the next res. level @1.135ish a former MP of an indecision level Signs of Strenght: Higher Low Broken...
For the moment it looks like there is some bouncing between a small range. ATR has shown some support but hasn't been increasing up with all of these up movements. For now it seems to be dying on the down moves, but more time is needed. DC has been showing that there is an upward trend that has been forming as it has been in OVERBOUGHT territory for some time....