We can see candles at the top of the box range Current patterns is dark cloud cover and spinning tops The market could reverse but we need a confirmation of the turn A close below 31800 could be seen as confirmation For a more aggrasive approach close below spinning top with stop loss above dark cloud cover
AUDUSD HAS REACHED THE END OF A UPTREND And has since consolidated in box range The five wave pattern on the zigzag is completed so we could see more down swing To lower levels
Not sure how long this box range keep the market neutral With ever way it goes will be the deciding factor It breaks out above the box we can see more upswing If breaks out below the box than we will see the big brop to lower levels IF YOU LIKE MY IDEAS PLEASE GIVE A LIKE THANK YOU It makes no sense to go higher Unless greed takes over and price sky...
There is some rejection from support level Could be a retest before market continue to drop THE candle formation is a pinbar but the wick on to is to long Look for market to break aboce pivot C. To confirm bullish take over Market currently in neutral
Possible trade idea is to enter on the close of the second candle Depending on if the size of the real body is 75 longer than the wicks and the wicks of the previous candle is 25 or less into the current candle
Wonder why is so predictable A couple of months ago I could not make heads or tales out about what's happening on btc Ever since the massive rise in btcusd The market has become predictable It would be nice to here from you guys what the reason can be to have a better understanding of what is really happening
Btcusd need to break the high indicated by point (C) to go bullish Current market conditions indicate that the bears are still dominating the party and We could see aa sell of more bitcoin before the end of this week. We see a nice southern doji resting on a dynamic trend line. And we also see the market closing above doji on 4h time frame is a buy signal but...
It seems btc is moving to lower level The move will be confirmed if pinbar on 4h time frame is broken. THE pinbar is holding support just to nicely to be over optimistic about the drop Possibility is a fake to the low. Look for rapid sell off as sign of fake out wait for pullback and if resistance hold enter on close of resistance on 1h or 4 h candle for confirmation
We see the market testing the dymanic resistance We also see a few bearish candle stick patterns Breashing ingulfing pattern and shooting star forming at resistance level THE lower support that was form just before the market broke out to the top of the wedge Is keeping the bearish move from dropping Break above the wedge would be a bullish break out A break...
Experiemation With Elliot wave pattern THE market made higher highers that seem to be caped by daily resistance level We also see a a ending wedge with in the 5stages of the 4h wave formation We also see that the daily Trent line is currently carrying the upwards move The candle show the balance is shifting from bullish to bearish as we move closer to the...
We can see a major wedge pattern forming on btcusd with possible drop implications to lower level before market goes up again We also see Elliot wave pattern with in the wedge and polarity test indicated by red line Every analysis I have done so far indicate that we are looking at more downwards movement in the next two weeks before the real big buy entry will...
We can see polarity test at key areas As the market tested resistance and support areas
Basic rule of support and resistance 8s once the market breaks a support areas it automatically becomes resistance If we look at btc usd from a dynamic support and resistance perspective We see at the pivot high and the Dt1 line shows thepolaity test of support becoming resistance If we look at DT2 we see the same pattern emurging Tome a clear indicationif the...
Btc is going for the big drop to the previous pivot high Let's see if market will test resistance that was support
Just did a test pushed time-line to weekly and it seems the messurements are perfect All points to a big drop down to pivot level
If you look at the chart we see a possible double top in the making We know that on the weekly chart we see that btcusd had a break out at previous pivot high Current movement and possible double top could be a potential setup for bitcoin to retest weekly support level THE distance of the drop is almost perfect for the halfway mark if you messaure the distance...
Bearish divergence and possible wedge break out Could see a quick trade on btcusd
If market drops to bottom of wedge We could see a potential drop to lower levels If not that we wait for further movement forward for break out