GBP/USD is currently in a nice downtrend creating lower-low's and just finished creating a lower-high bouncing off of a nice level of resistance. We can see price has already started to react bearishly within this zone, I assume price will sink back down to the previous level of support where price was once at.
BTC/USD seems to have pulled back the past few month into a significant level of support on the Fibonacci. This level is known by many as the GOLDEN ZONE. We have already seen price continue higher recently. I predict price will go to it's previous high's and continue way past that in the long term to potentially 100,000
Price made a nice higher low and held the previous level of resistance as a support. It also rejected the 0.618/0.5 fib levels which tells us it should continue higher. I'll be looking to take profit at the highest extension level. Stop loss below the previous level of resistance holding now as support.
Price hit a weekly level of resistance and broke through a daily level of support. Now price is coming back up, if price rejects the daily level of resistance which was previous support it should keep dropping to the next level of support which was also an area where there was a lot of liquidity, thus, that is why you see the major rejection wicks there on the daily.
Price rejected major resistance level signifying price has respected it and will continue towards the down side. T/P set to support level where there were several wicks throw at it and respected as well as previous resistance level during a consolidation period. S/L set to slightly above the resistance zone and previous wick high that tested the level.
Price rejected major resistance zone drawn on WEEKLY T/F twice on the DAILY indicating price is going to go downwards. T/P set to previous low and S/L slightly above resistance but not too tight.
After price rejected resistance twice on the daily TF, I believe price will be looking to come downwards since it seems there's a lot of seller in the market and resistance is holding. T/P set to support level and S/L above resistance and top of candlestick breakout.
Price rejected major support zone on the 4HR twice indicating there are a lot of buyer in the market and price could go up. T/P set to zone where price was respected several times and S/L slightly below support zone.
