DAILY CHART NICE FIBO RETRACE 0.786 (IF U GO SHORT @ 0.786, YOU WOULD BE PROFITTING 500 PIPS ALREADY) ZOOM IN TO 4H CHART WE MAY PULLBACK A BIT, THEN CONTINUE TO GO LOWER
ALL 3 HIGHER TIMEFRAMES MONTHLY, WEEKLY, DAILY SAYING THAT PRICE HIT RESISTANCE & TURNED DOWN RIDE WITH BIG DIRECTION H4 NICE DOWN TREND PRICE HIT TRENDLINE INSIDE BAR FORMED ENTRY: LOW OF THE MOTHER BAR SL: ABOVE RESISTANCE TP: ABOV SUPPORT
HIT FAN LINE (YELLOW) ABOUT TO BOUNCE 0.618 RETRACEMENT
PRICE BOUNCED OFF FROM MONTHLY SUPPORT (WHITE LINE) FORMED A NICE FLAT-HEAD ASCENDING TRIANGLE ENTRY: BREAK OF RESISTANCE SL: BELOW THE LEVEL WHICH EXCEEDS THE TREND LINE (WATER-BLUE DIAGONAL LINE) TP: BELOW RESISTANCE P.S.: YELLOW RECTANGLES ARE AREAS WHICH NEED TO BE BROKEN IN ORDER FOR BULLISH TREND.
BITCOIN NEEDS TO BREAK OUT 0.618 RETRACEMENT FOR FURTHER BULLISH. CURRENT PRICE FORMS INSIDE BARS (WHITE RECTANGLE) >>ENERGY CONTRACTION WAIT FOR BREAKOUT IF BREAK ABOVE 0.618, LONG TILL 0.786
WAIT FOR THE CANDLE CLOSE TO BE CONFIRMED. (END OF AUGUST) RESISTANCE LEVEL TO BE WATCHED>>GREEN LINE IF BOUNCE OFF, SHORT. IF BREAK OUT, LONG.
Price pullback to down trendline (yellow), also retraced back to 0.786 level. Go short til the next support level. SL: ABOVE THE HIGH A FEW PIPS. TP: ABOVE THE SUPPORT A FEW PIPS.
PULLBACK TO DOWNTREND LINE FIBO RETRACEMENT GO SHORT TILL NEXT SUPPORT LEVEL
NICE H&S WAIT FOR NECKLINE TO BE BROKEN DOWNTREND LINE PULLBACK TO 0.618
TREND LINE BROKEN RETRACED BACK TO 0.618 GO LONG TIL 0.618 OF THE BIGGER WAVE
WAIT FOR BREAKOUT OF : (1) HORIZONTAL SUPPORT LINE (2) 8 EMA DYNAMIC SUPPORT LINE
SHOULD BE OBVIOUS~ PIN BAR@ RESISTANCE
PRICE HIT SUPPORT AND BOUNCED CORRECTIVE WAVE RETRACEMENT
BEARISH CANDLESTICK PATTERN @ DOWNTREND LINE GOLDEN RATIO RETRACEMENT CLASSIC PRICE ACTION
NICE DOWNTREND BREAKOUT & RETEST EACH UPTREND =STABLE STRUCTURE WAIT FOR MARKET OPENS ON MONDAY, AND SEE WHAT PRICE ACTS. IF BEARISH CANDLES FORMED, GO SHORT.