Chenelle2

Chenelle2

Price is buying long term. We can see price near our minor resistance zone @12950.8 and we want to see price break and close above this level for confirmation or entry to the upside. Once price breaks our minor resistance level it will continuing heading up to reach our next resistance level of 13327.9. If price does break 13327.9 it will reach our next daily...

Chenelle2

Price reached a resistance and is now consolidating on the higher timeframe. We can see large rejection wicks at the top. Price might break the minor support and continue down but we need to be patience and wait for more confirmation before placing a trade.

Chenelle2

Price is selling from resistance and possibly reaching support. We have to wait from price to react from the support zone and show a candlestick pattern for confirmation to enter for a buy long term.

Chenelle2

Price is selling from the resistance zone and heading to support zone. We need to see price bounce from support w/ a candlestick pattern like an engulfing or hammer candle.

Chenelle2

BTCUSD is ranging so placing a position right now would not be the best option. If trading use caution and take trades off the smaller timeframes such as the 5 min, use the Bollinger bands and get out the position.

Chenelle2

Price broke out of the box but has not shown any true direction at the moment. Just need to wait.

Chenelle2

Resistance zone; 13118.9 Support zone: 12675.3 Current Price: 12776.6 Zone: 12876.2 Price can go in a lot of directions but we need to wait for confirmations. There is a rising wedge forming on the higher time frames. II believe price we sell and bypass the support zone. We could possibly see a small retracement back to the zone:12876.2 before it breakout the wedge.

Chenelle2

On the 4hr timeframe we can see price rejected resistance zone 31208 and is currently near support zone 30716. Price is currently in a uptrend but showing bearish momentum on the 4hr timeframe. Currently price is jumping around between 30788-30795. We have to wait for more confirmation to. take a bullish position. Price may even shoot pass support zones and....