in D1 TF, price reached resistance area. Zoom in to lower time frame (4H), price started slowly to make new high. If pull trendline, price broke trendline and retrace to find fresh supply. In yellow box, flag limit or demand area has been broken and make retracement. *pull fibonaci from last swing in TF 4H and touched 2.618 (which is golden area for reversal)...
BTC in weekly TF clearly made descending triangle (bearsih pattern), finaly break support and retest support become resistance (flip SR). In 4 H and D1, clearly made bearsig flag pattern. try to retest My POV, maybe false break in weekly TF (cancel triangle pattern) and if want take short position look at minor TF (entry after finish retest in 4 H) Ps: BTC...
BTC still in sideways area, maybe can scalping in green box. if u take short position, beware of breakout movement to break sideways area.
in 4 H clearly price stuck on fibbo cluster (extrenal retracment and extension), progress to make divergence in indicator. jump to daily, make right shoulder quasimodo. Maybe price will make manipulation in current area. Important news today for dxy will triger start pattern or make cplq (compresion with liquidation) to higher price and drop target minimun in...
price try to make pattern bearish, rising wedge. in my chart price has stopped in fibbo cluster and made divergence in rsi (can u can with macd too for make sure). sell after break and retest lower trendline. Target minimun in begining of trend line
If breakout and retest can hold price, the pattern was ready to make price go up.
will be break out pattern or just manipulation and continue bearsih ?
BTC still in sideways area and will play between red box. But, if you jump to weekly time frame. When support broke (black line) maybe BTC will go more deeper
if this happen, cup and handle will make poundstreling go up to 166 or less. Wait after handle finish and break out
I update ideas for BTC, I used price action analysis. Price now in area flag limit and if use pararel channel, can make price stop continuing down. My target, will touch 26-27 k and move in channel or will drop after touch 26-27 k (let's see in few weeks) DYOR
BTC will continue bearsih move after finish correction phase, in corection phase BTC made bearsih flag and if you zoom in to hourly (4H and 1H) time frame. You can see inverted cup n handle (if you trading with chart patterns) I prefer hold to buy and wait price touch support line and if worst maybe can touch 12-10K DYOR
Price just broken demand area in H4, and still in big flag area H4 and made base on daily two scenarios from my point of view 1, Price will up to first orange box and make retracement and make QML (head), so continue down and looking demand below big orange box on right side 2. Price will go to inbalanced area (last orange box) and complete QM level (right...
price just enterd demand area in daily, and price not break flag limit in daily's demand. See divergence too in indicator, not huge movement.
Wait for break out, entry after retest. godzilla will hibernate again
after gbp bloodbath and knock out because usd, this pair try to rematch and reverse
Trens still no change, and made decending triangle, aftrebreak and retest price will drop sharply.
Price need correction, i tried to re entry for long again on one week. Reason for re entry 1. interest rate will change (increase for press inflation), FOMC in may 2. NFP report in first friday 3. kuroda hates yen (hahaha in investing.com many people blame him) 4. 2 prespective bullish continueation pattern, flag pattern and ascending scallop 5. fibonacci cluster...
I posted too early, trend still in bias bullish. trying to make ascending triangle, entry if resistance break and stop loss in last support