We seeing a bullish ingulfing on support level is this a turning sign
The pattern is appearing on the 1h a sign of caution to short positions at this point.
All indicators are still predominantly bearish
In cases like this we have to look at the Rsi because we are at a major support level.
We see a pattern forming on the rsi indicating a increase in buyers
Ok in the previous case study we noted that Tesla has been Making bearish pattern with the descending wedge pattern with a accending wedge pattern being capped between 620 and 630
The straight line and bearish neutralization of bullish moment indicate a
Bearish check mate
Indication more downswing
The correctional pattern had a complex correction with a abcd not...
OK are we going to break under 30 000
I'm sure that's the big question right now
Let's look at the situation btc is in at this moment.
We had a nice rally back up to 40 000 I'm sure bulls had high hopes for a continuation
It seems this rally was to end all hope.
I remember saying close all buy orders I hope some of the people following did so.
IF YOU DID...
Well guys from our previous analysis things went pretty well
So what are we looking at now and where are we.
Will we see a buy in BTCUSD or is this another test before a drop to 30 0000
At this point we don't know.
But what do we know.
The question right now is
Are we at resistance
The answer yes
We just broke under the 33400 support level and...
Let's have a look at Tesla
This analysis will not contain any indicators we will only be looking at price action and candle stick patterns to get a feel for this market
From there on the next analysis we will be looking deeper into indicators
What do we see that could provide us with some hidden insights into what direction Tesla might go.
Shooting star on 1h time frame
Could be the begining of final wave down
This can be oppertunity for a short entry again
High risk with strong sell signal in bearish downswing
60% sucess rate
Take don't take up to you
WAIT for close
Stop above wick tp 30 0000 or 32 0000
I have decided to put some attention into etheruim and build up a case study to find a possible good entry point for a buy or sell like we just got in btc for a nice short sell from the top of the drop.
In ethusd we will be looking for a possible buy entry that will push us up to 40 000 or higher.
So let's see what we can see so far.
what do we know...
Well people btc is currently making buy signals
We are still in case study 11 at this point so we are just checking to see if all is going well.
THE death cross on the lower to 4h time frame has already been confirmed the daily also made one now
So many people high lighted this already.
THE Adx is showing more downswing to come
And the rsi is below 50 still...
WELL PEOPLE CANDLES ALL THE WAY
There is no better way to know what the actions and reaction is.
Read the story as it goes along
The sad part is while some are waiting for the indicators to confirm the candles confirmed long ago.
WHAT IS THE GOAL
ENTER THE MARKET BEFORE IT MAKES ITS MOVE
ON A BASIC TRADE OF 0.2
THIS WILL BE A EASY 1000 DOLLARS JUST FOR...
Well people not sure about the bigger H&S but we have have a neck line test and trend line retest at the same point
Does this spell doom and gloom for bulls.
It also seems the counter attack did a good job.
The small rally did not surpass the neutralizing zone.
What can the implications be
A drop to 30 000 if so we could see a bigger H&S forming that can lead...
Are going up to 51k or 40k
Will we see the 20k level by the end of June
Start the rally in a new month
Right now we not focusing on the case study of btc but just seeing and evaluating what's happening
Are we looking at a step ladder
If so the following rules apply
With every consolidation the overbought conditions gets released and a new bullish setup is...
The bears just showed who is in control
If you did not watch the price action you must a WAR CRY.
BUT LET'S SEE IF IT WORKED
I WOULD NOT THINK OF GOING LONG OR SHORT AT THIS POINT
Target 36000 if it does not hold
Final point 30 000
DIDN'T ANY ONE NOTICE THE CANDLE STICK THE CANDLE STICK SIGNALS AND THE RAPID TAKE OVER.
JUST A FEELING 🤔
So guys this is just a huge here but
Let's just look at the small little detail that can make big changes
The 1h Ichimoku cloud is very think btc has to break through the cloud to be considered fully bearish and the kensan kujin and chikuo span all must be under the cloud to really be bearish.
The 4h middle bollinger and the cloud are...
OK if we follow the indicators and candle signals and price action
We have to look at the most likely outcome and ask ourselves
What is the chances of this happening
What is the Conditions we are making this decision under
How valid is it.
QUESTION 1 WILL WE SEE A BREAK OUT
Let's ask the easiest question
IS THE MARKET AT RESISTANCE
IS THERE ANY...
So guys where are we now
Are we currently in a neutral zone
Seems like the area is a pivitol area for a make or Break moment
The price is linguring and a temporary a support has been established so what do we see in terms of indicators
1.we know we are in a box range with the rsi being overbiught but the sideways consolidation releaved some of the overbought...