Currently ETH is at its major resistance level. Next major move of the ETH depends on whether it breaks the resistance or not.
We can enter the trade once we confirm whether resistance broke/rejected.
I will update the once we have trade confirmation with target and StopLoss. For now i would suggest not to enter any swing trade in ETH.
As always, don't predict...
I had this trend lines when bitcoin was $8000 around.
This simple trend line shows support and resistance very well. Now the orange line is resistance which today it kissed and pulled back.
If it moves within the support and resistance level bitcoin will be in control.
If it crossed over the orange resistance line we will again see a parabolic move to a new...
waiting for confirmation to enter next position, got a decent profit off a little dead cat bounce on this support level, but if this level doesn't hold then i'm looking to enter big shorts at next little rally
So an inverse head and shoulders began Jan 20th at 13000 with trough at 6051 on Feb 6th. If the inverse head and shoulders continues, the price could increase to 18134.
Since Feb 15th, a double top has formed (neckline at 9416), followed by its peaks at 11621. If double top pattern continues, price could decrease to 7500.
It's clear, we are getting close the end of the pattern.
Ballsy buyers might buy on those supports (White and red) even if it can break down.
As always wait for the confiamation to get in, winter is coming..
GBPJPY , resumed with it's bearish momentum from last week as expected but however support around 142,167 may hold and consequently could result in a bounce off the trendline , if the bounce of holds we can expect a long opportunity around the 142,167 key area. Another opportunity for further shorts could prevail if the trend line and support of 142,167 does not...