we have a support at 39K breaking support would be a call to touch base on 30K strong support
BTC 4H we just broke some 4H estructure, two possible shorts 1) breaking 19K full body candle closed below 2) bouncing to resistance around 19.500 (stop loss must be above EMA 5 weekly righ now around 19.900 with space for breathing!!! target for the short would be target one 18.300 target two 17.600 trade safe guys!!!
Hello Guys!!! BTC - USD update!! (possible short ) thinking in two possible shorts position! one small at 20.700 (strong resistance EMA 5 weekly and resistance level) other bigger position at 21.700 for those trades my stop loss will be above 22.400 with space for breathing!!!
BTC 4H the lower line of our descending channel could hold the price, thats good! very strong channel!! now price is trying to get right above our support zone!! something around 19.000 to 19.300!!! if we get the bounce I will be pl;acing a short position right at 20.700 strong resistance!! (Multiple resistances) if price breaks support 19K I will be placing...
this is the chart I am following long term!! as you see BTC is rigth at support (high of 2017) we were expecting some type of movement like the one in the first square! lower line of the descending channel holding the price to touch base on the upper line of the same channel! but with the possibility to touch the lower line once again! something around 17.600....
Hello Guys!! BTC USD 4H we got several levels acting as resistance - Lower line of the descending channel - lower line of the range zone 20.700 - EMA 50 4H we are still in risk mode!! wait for the retest of support if you want to buy!!! if price breaks 19K strongly wait for the retest of 17.600!! if 19K holds the price could be a good long too!! any of those...
BTC bouncing between support and resistance in a range zone!! possible cradle Pattern formation!!! (BULISH) invalidation of the trade IDEA breaking below 20.700 breaking one of those leves (support or resistance range zone) expect continuation
possible Cradle Formation 4H downtrend movement followed by large amount of sideways move!! invalidation of this pattern price breaking 20.700 trade safe
possible beginning of a down trend channel, best entry point for long would be 21.700 invalidation of the trade idea would be price breaking upper line of the down trend channel trade safe
two possible long positions!! expecting pullback to support to buy!!! stop loss under last entry point with space to breathing!! trade safe
EMA 200 weekly acting as strong dynamic resistance as we expected, now we have 2 possible good entries for longs EMA 5 weekly and last week low! breaking those leves we could expected more downtrend movement!! good risk reward ratio!!!
Hello guys!!! how we going??? BTC weekly chart price couldn’t close above EMA 5 now acting as dynamic resistance!! buying at this point could be very risky!!! if you are looking to buy wait to see retest of support!! 21.700 best entry 20.700 for a bounce!! keep those levels in your radar :eyes: !!! of course we can keep going higher from this point but you are...
if price breaks last week low, 4H full body candle we could take a short to next level of support!! just if the last week low is broken!!
price testing last week low, then we have rejection of the level! last daily candle PIM BAR (possible bullish momentum coming) stop loss must be under last week low with space to breathe price action bearish but MACD and RSI showing possible revers! RISKY TRADE
I still think we can see this type of move, to break our levels of resistance! but we have to be careful remember 4H support and resistance are not stronger as the once in higher levels, also our strong support has to hold!! we can see other downtrend movement to break support or to test it again. there is two thing that mades me feel good about our 4H chart and...
Monthly chart show us two big rejections of the 20 MA monthly. what we want to see is next monthly candle closing above the 20 MA to possible bullish continuation, the confirmation for a higher probability of a bullish continuation would be closing a candle above EMA 5 (yellow EMA on chart)
Guys quick update! looks like next daily candle will close above our level of support (20 MA Monthly) as you see our level is holding the price strongly.
price breaking monthly support zone (20 MA) if todays daily candle close below our level and next daily candle do not close above we can confirm the breakout