BTCUSD Update: Price continues lower as it nears the 6040 support. What makes this area especially notable is that fact that it is the previous range resistance from October (5960 to 6150 highs). This is a likely area for price to retrace into a Wave B counter correction. Price appears to be falling like a rock and scaring out the weak hands. Now the 7500 price...
Called this retracement last week, price came up to make a lower high, now forming a bearish flag pattern. A new lower low is on the cards to be completed soon :)
Potential short opportunity again, price rejecting the 50 fibonacci level & counter trend line. Watching for a daily close so far it is looking good : )
Counter trend line rejection.. good RR opportunity here. Keep in mind we have NZD news tomorrow that will have a big effect on the market.
Price is trying to break out of bearish flag pattern, but quickly came back into flag range. Watch for a daily close before looking to go short, as price is trying to trap sellers by the looks of it.. Once breakout of flag pattern, the first target would be at weekly support 147.500. If we break below this level the uptrend will be invalidated & price will most...
Watch for break of 4 hour uptrend line next target at weekly support, price getting squeezed will breakout soon. Could push more to the upside or down lower is what I anticipate but patience & time will tell...
Pretty slow moving pair lately but we could have a potential short on the touch of the 50 fib retracement level & touch of its countertrend line. Price broke out of its channel so overall still looks bearish..
Possible counter trend line holding could be time for another push to the downside.? What do you guys think ...
Short the retest of broken 4 hour trend line...
Potential scenario here we could get a potential shorting opportunity here on the 3rd touch on the CTL. Double top to daily resistance & Daily uptrend line break & retest is showing a bearish outlook to this pair.. Keep in mind 132.000 area is a very strong support zone
Price currently sitting above daily support & above the 50 moving average, waiting for a break below support & bearish engulfing candle to go short for another leg lower...
Support turned resistance, waiting for daily close to see if I can get a shooting star rejection to broken key level & 50 MA
Pretty self explanatory the chart speaks for itself.. New lower low coming soon :)
Uptrend line broken.. Target at weekly support still in an overall uptrend on the weekly. Watch for 4 hour candle close below support its at now :)
Looks like we got a retest of the daily H&S neckline.. Next target would be weekly support at 1.14500 area before a rebound back to the upside. Trade with care! :)
Triple top to daily resistance, failing to break higher first target at 113.000
This pair I will be watching to for a potential short during AUD news later today. Looks like price broke its wedge & is now retesting, along with broken support turning resistance. Will be observing carefully