Watch for a break & close above the CTL for buy opportunities up to the next level of daily resistance
Price broke out of a falling wedge pattern last week showing a reversal of trend. Price recently broke a strong resistance level now turning support making a (higher low), now looking for a break of the counter trend line for a completion of an ABCD pattern
Price back down at daily support again & has been ranging between the 61.8% & 50% fib level.. Price tried multiple times to break the level its at now but quickly pushed back to the upside, & has rejected this support level since the market has opened. So I am anticipating a bounce from here a break of this support zone will send this pair steep to the downside
Price broke back above daily resistance turning support after reversing its downtrend with a bullish engulfing weekly candle close, I will be watching for a break of resistance 0.76800 area for a new higher high up to weekly resistance.. : )
Simple support & resistance in play.. Watching for a close above CTL for buy opportunities ... :)
Price failed to break weekly resistance, breaking out to the upside of its falling wedge as well. Looks like the Moving averages are crossing over to the upside as well & price is breaking high base resistance showing a potential change of trend. Weekly candle closed with a bullish engulfing as well. More upside expected here..
Price finished off the week with a bullish engulfing weekly candle close, rejecting at a key weekly support level. Seems to have broke out of its 4 hour channel as well as breaking & closing above daily resistance turning support. I will be looking for buy opportunities if price can stay above daily support its above now .!
Price came down to its daily uptrend line to make a higher low, rejecting the 50% fib level & forming a hammer candle above a strong key support level, I believe price will make its way up to make a new higher high & continue its uptrend..
Back at daily support once again, still in an uptrend but has been moving sideways for some time now.. Looking for longs after a break & close above the 50% fib, if we break 152.800 resistance & get a daily close above this pair will look to make a new higher high
Price now is heading back up to daily resistance, watch for a break & close above for buy opportunities
Watching for a break of the CTL for potential longs, price above strong daily support & looks to be making an ABCD pattern, after breaking out of its downtrend.. A higher low has been made, now time more a move to the upside for a higher high
My view on bitcoin right now, price broke previous resistance & is coming down to retest resistance turning support. A continuation up is likely..
Price is in an uptrend, we may see a retracement back to support before breaking higher..
Potential trend reversal it looks like, price broke out of its original downtrend making lower lows & highs. Now breaking to the upside waiting for a 4 hour close & retest to 4 hour channel to go long
Price is making higher highs & lows & is moving in a nice uptrend. Price rejecting a strong fib level & if my CTL breaks I will look for a deeper retracement. Expecting a new higher high this upcoming week!
Rising wedge pattern, watch for price at the 3rd touch to bottom trendline or a break to the upside for buys! GBP Data at 1:30 am (Pst) can give this pair a nice boost to the upside potentially
Time for a potential higher low after rejecting weekly resistance
Price respecting the bottom of its channel, now waiting for a clean break above the 38.2 fib to continue its uptrend back to the top of its channel.. On the watchlist!