Monitor price action in highlighted area. If it turns bearish, take a shot position for some nice gains
As we see another bearish divergence Pattern form on the chart, we can suspect that price will drop to at least the same support as the last one shown on the chart. Watch price action on 4 hour chart to determine if price will continue to break down or retrace again from there.
Seeing how price has bounced off this support level twice, it leaves a great opportunity to open a long position on this pair with a great R/R ratio
With the uncertainty of our stock market, a lot of investors have started investing their money into assets that are more likely to retain their value. With the price of gold nearing an all time high, we can expect for there to be a huge wave of sellers to flood the market causing a slight pullback before continuing to the upside.
With GNUS approaching the 100% retracement mark, we can find a great entry that will grant a terrific R/R ratio.
As we see price has recently made a minor pullback, we can suspect that price will make a move to a high it hasn't seen since December of 2018. Trade with the trend!
Bullish flag pattern forming on 4 hour chart. Breakout should be coming soon
As we see price taking a break from a recent push to the upside, we expect to see price breakout of this chart formation and continue with further bullish movements.
As we see a bearish divergence form here on the chart, we can expect to see a slight pullback since price is still over the 200EMA. If price stays within trend, take a long position after bounce.
After seeing price tumble again today, we want to see price meet the neckline of the previous W formation which sits at the .618 golden ratio. Wait for confirmation candle before entering.
Possible Hanging Man Candlestick Pattern forming on 4 Hour. Wait for candle closure and then wick should fill itself in upon the beginning of the next candle.
After the completion of this chart pattern, we should see a continuation of more bullish movement from this stock
We should still see some consolidation this week as the chart should fill in the rest of the formation. We should then watch for a breakout to the downside of the pattern and a retest of the previous trend line before seeing the price continue dropping to the downside.
We are seeing a bearish divergence form on the 4 hour chart after price has reached the top of the resistance level. We can also see that price is retest the 50% fib level mentioned on chart as well. Wait for confirmation candle on 4 hour to further validate analysis.
We are seeing a bullish push with this pair as it has recently tested support and is now showing movement to the upside. We should see price bounce off of the fib golden ratio, which meets at the trend line for this pair. Wait for a confirmation on 4 hour before entry.
We should see a pullback to the 78.6 fib level before continuing to the upside. Price is also forming an ascending triangle in which we should see price break resistance and continue going long.
After the formation of a bearish divergence and seeing price break and close below the 200EMA, we expect to see price to continue to fall and meet the trend line where it runs into the .618 fib ratio where we can then take a long position.
After seeing a bearish Divergence form and a retest on a previous trend line, we are expecting to see Bitcoin to be bearish from here.