H4 - Price reached the bottom of the bullish channel and is currently moving higher.
H1 - 3 higher highs, higher lows structure, we may now look for retraces and buys with bullish evidences.
Invalidation: This buy setup is valid until the bottom of the H4 bullish channel holds, if the price breaks below the bottom of this channel then this buy setup will be invalidated.
On the Daily it looks like the the candle sticks has found new support level of $33.52, with a nice higher high action as well. The chart shows bullish trend on the daily and the weekly, with the Stoch also showing oversold.
Looking to buy above $36.
Good Evening Traders,
Bitcoin is looking very interesting on the weekly, just over a big resistance mark from July 15 of $10,590 at $10,615.38. Bitcoin has been following an interesting pattern in the last few months. We have seen two weeks of profit follow each low of the cycle, meaning we could see more profit in time to come. We would need to pass $11,507.59...
D1 - Bullish divergence forming.
H1 - Price is building up three higher higher and three highs lows.
Once this completes itself we may then look for possible retraces to happen and then we may start looking for buys with more bullish evidences expecting possible continuation higher.
D1 - Bullish divergence, Bollinger band duplication.
H4 - Price is verifying its own divergence.
H1 - Two false breakouts and higher highs. We are in a condition of three higher highs, three higher lows.
We may now look for retraces and buys with more bullish evidences.
this post is an example how to trade a trending market and you can find the trend.
MA is Moving Average. I use MA8 blue, MA21 red, MA54 yellow.
Take a look of the bull flags, I have drawing this.
I wish you a sucessfull trading week.
We have a 4H MACD divergence that formed Lower Low, and seems to be the end of that Bearish TL.
Now the price is forming Higher Lows, which can confirm that Bulls are stronger now.
I entered Bullish cause the price now is on a range above that key level, so now I'm aiming for 38.2% Fib Weekly Level.
Love when charts go the way you anticipate or at least mostly. Last chart I mentioned I had scaled into about 80% of my position on the drop down and re-entered final 20% just over 10k on the first bounce up. Ideally I was seeking a lower high to set in around 10,500-10,900 as that would be a solid bounce and give plenty of breathing room for the bulls to then...
Bitcoin is trying hard to attack this higher-high resistance, it´s a fight worth some popcorn and beer ... or so. Don´t get too excited it´s NOT the time to buy right now, in case you are already long, watch your stop losses. I know some people say this was the last time we have seen $10k, I am not there yet.
I got in this trade too early last week and NFP took me out. Original analysis is on my page but I will be looking to reenter this pair with DXY showing signs of weakness and EUR showing strength. Before entering this trade I need price to break and retest 1.1270 and the TL before looking to go long for 160 pips risking only 40. My analysis tells me price is going...
Not a ton to update here. We saw further continuation last night as we were hoping for to keep bulls happy. Ideally want to see bulls maintain 12 EMA support on daily and really even on 4 hour chart if possible. Bulls got above and stayed above 12 EMA yesterday on 4 hour chart with a test of support down at it today....
Last chart I was watching the potential of an inverse head and shoulders on 4 hour chart and expecting a break by today if the bulls were going to make it happen. Pattern didn't play out perfectly as it drug out a bit sideways but the bulls finally got some volume and their next leg up. So checking back in on daily chart here, we have our higher low at $10,761...