Scenario 1 (green) - the grey area gets passed and BTC heads towards the next big resistance @ 7K.
Scenario 2 (red) - top line of the triangle (grey) acts as a resistance and BTC heads back to 6K.
I am leaning towards 2 scenario and opened a small short @ 6530 with a tight stop. However, 4hr RSI chart shows that there is still some power left in that movement so...
Just learning and sharing so I can get some constructive feedback on what I am seeing and what I am not seeing in my chart analysis. If you think I am insane, that's cool. Just be sure to tell me why so I can learn :)
I am doing my best to keep things simple and follow solid trends and retracements keeping trading/market psychology in mind.
I made this analysis...
Hey Traders, names Tabris. I just started gathering knowledge of the trade/crypto and I am really looking forward to providing you guys with interesting predictions and accurate Ideas. If anyone is interested in chatting/teaching I am open for discussion and would love to soak up your knowledge!
Much Love -Tabris
Marcamos zonas de resistencia en 1D importante. Zona amarilla en la cual rechazo el precio 2 veces. El precio rompio un importante soporte y está en formacion de un triángulo. Esperamos que lo rompa hacia abajo y que valide zona de resistencia y luego caiga.
Price has created a double top, will we see price take those bulls pending orders and then reverse?
I do think price would like to come down and retest below areas of interest, but not before a fake move up.
i want to be ready when this pair dumps, we could see some explosive moves here, waiting for Rules to add up.
Scalping the range is something you could do as...
I am overall bullish on AUDUSD
Price action indicating price could potentially be creating higher highs from this point forward.
I would like to see a deeper retracement before the bullish move continuation
We are not Market Makers so lets see what they hold in store for us.
Just a newbie so please throw me all criticism! Based off of price action, been using specific measurements for FX.
I understand that volatilty and spreads are much higher with crypto, but let's give it a shot!
CALL ME MOOON BOY!!!
Still a newbie! Been taking a course for 3 months, only been consistent recently..
Lots of Improper Price Action which is where i set my entries as well as TP's!
Rectangle shows area of liquidity, because most retail traders will probably sell or go crazy and buy on break of resistance.
Will catch the drop, if I'm wrong I'd love to learn from it.
Price action showing signs of reversal on 4H and 1D
Rules are setting up nicely
Trade with Caution, as there is loads to liquidity pools to be collected
Rules based Trading Saved my Game, Trading everyday is not a thing.
RULES, RULES, RULES!!!
I am not entirely convinced, this is the reversal point. Rules are adding up but this does not look like a Good Setup.
Generally i would enter based on the Rules, but in the this case it does not look good. I would rather miss a trade that enter one that i am not too confident in.
I am still bearish on this and will be looking for Sells
From my analyzation, I believe BTC will eventually have a strong uptrend, after sitting in a period of consolidation or strong support? Based off 4 hr and Daily charts. BTC will be retracing again to the lower 9900'S and then moving bullish into the 11-12000's. If you are seeing this please leave your opinions.