This is the 4 hours graph of Bitcoin, the price is making a double top in the resistance's zone at about 9000$.
If it will overtake the resistance we could find an optimal entry point, but we must have 3 condition:
- Price must be above the moving average, (in this case 21 period)
- Volumes must reach the target zone
The title has reached the 2007's top, and it has tested it three times.
Volumes are in downtrend.
We can wait the break out of the congestion for open a short position. Stop Loss above the...
The title is bullish, but now we have a small congestion.
We must await until the break out for trade, if the price goes up than we can follow the trend. If the price goes down we can make profit with the retracement.
Every levels are drawn on the imagine.
This is my first idea published in english, sorry for the errors..:)
We are on NDAQ, weekly chart, the title has a powerful bullish rally, recently partially stopped.
On the daily chart we can see how the resistance that has formed the triple max on the weekly chart, has become an important support for the...