DNT/BTC has been in a steep bear trend for the better part of 2 months, but there's signs that bullish strength is beginning to build in the market. First up, this is a long-shot. So I'm not making ANY buy recommendations yet. I won't even entertain that until we get a solid daily candle that closes above the bear trend line (something that hasn't happened...
BTCUSD update: Higher high takes out bearish trend line as anticipated. With the 9890 to 10836 minor resistance cleared and bullish trend line still intact, the next resistance area that I am looking for is the 13012 to 14889 zone. At the same time, I am still open to locking in 15% of my position if price action presents a reversal signal in the current price...
Price closed above weekly key level support, where in the past price has made a reversal off this area. Will be looking for a bounce this upcoming week
BTCUSD update: Price pushes into middle of broader support zone and is held up at the 9683 reversal zone boundary. In situations like this, recognizing the magnitude of the larger time frame levels allows for more effective decision making. Small time frames look bearish. The move off of the minor resistance zone (11871 to 12316) looks dramatic compared to recent...
Current Level has served as resistance in the past. I expect to pump pass it. But wouldn't be surprised if pull back and/or accumulation occurred first. Twitter: @AzorAhai06
Price rejecting an area of resistance & strong monthly downtrend line. Price now at a reversal area will be watching price action for clues this upcoming week
Set these zones onto your chart. Setup alarm alerts for Pull back zone. Enter on 15m bullish reversal continuation candle patterns - evening star/railroad tracks, pin bar, bullish engulfing candle.
EURCHF- is on the Way of touching the upper band channel, and RSI is fairly overbought.. From the past beahviour on this pair, inside the uptrend channel, a retrace is now in play-- Let puts the odds favouring us, wait for candle reverse formation. Good Luck!
BTCUSDT is forming another bearish divergence with price/RSI as it approaches 7k. Historically, these divergences have led to corrections; if this divergence completely forms, it could start another one here. If it drops before 7k and breaks below this wave's uptrend, I'm thinking it will most likely form another Elliott 3-3-5 flat with extended wave C as it's...
I posted this yesterday but noted it as Long and not Short! Certainly looking good as a short, Head & Shoulders showing reversal zone and it is going down! Let's see where this leads us!
Head and shoulders pattern with a potential reversal on the Weekly time-frame. Depending on how you trade HnS there's a potential short position at the current right shoulder and another short position at a break and close below the neck.
LTCUSDT has seen a very healthy correction thus far (along with all other top crypto). Lets see if this is the bottom or not. I've since changed my position from a 5-3-5 zig zag correction to a 3-3-5 regular flat. A few weeks ago I missed the top estimate, but nailed the severity of the correction (I think). This seems to confirm to me that LTCUSDT and LTCUSD has...
ETHUSD Update: The 320 break signals the return of bearish momentum and confirms the lower high formation as I described in my previous report. ETHBTC also offered a heads up with it's resistance failure that I mentioned as well. The question now is can this market find support at the projected levels and form a broader higher low? Compared to my average number...
Interesting point here for long-term trading. There is a wide range since 2015 and price seems to be rejecting again 82.82 area. Furthermore, a bearish reversal has come up in RSI. Good opportunity if this pattern is confirmed below 82.82
Greetings, Everyone! Major red bearish Wolfe wave was formed by the FX:AUDNZD pair. It is being supported by RSI divergence as well as the formation of minor orange pattern inside its internal structure. The closer look at orange WW reveals that it is also being backed by RSI divergence. Significant volume rise at point 5 confirms the importance of this area...
The overall Trend is BULLISH, however, this could be a small retracement to retest the diagonal trend line. I will wait for price to enter into my buy zone and wait for some kind of string push and a double bottom off the trend line. We shall see what happens. Once I see the double bottom, I will set my Stop Loss 50 pips below the second leg. Until then, I will...
Any pullback I'm looking for sell to this box target to when i will start looking for divergence and buy opportunities!! I expect the 2.618 of the two cycles marked on the charts to be the zone where this could reverse from!! Happy trading guys