BTCUSD
Updated
Do you seeee what I seeeeeee???? Do you knowww what I knowwwww???? In my Christmas singing voice. lol.
But here we have the 8hr TF showing the Price Action inside of the Daily move, which just encountered a "phase switch". The Daily TF is now encountering a Bearish Retracement Phase, which now means we should align our analysis with Bearish Price Action. Here you can see the most recent 8hr Bullish move outlined with the Fib, with the most recent 8hr Bearish move inside of it. What I personally see is Price retesting this Weekly TP level @ $95,937 to continue to the downside. If Price closes back above this TP level, then we may see Price encounter it's continuation to the upside. We shall see at the end of the day...
_SnipeGoat_
_TheeCandleReadingGURU_
#PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
But here we have the 8hr TF showing the Price Action inside of the Daily move, which just encountered a "phase switch". The Daily TF is now encountering a Bearish Retracement Phase, which now means we should align our analysis with Bearish Price Action. Here you can see the most recent 8hr Bullish move outlined with the Fib, with the most recent 8hr Bearish move inside of it. What I personally see is Price retesting this Weekly TP level @ $95,937 to continue to the downside. If Price closes back above this TP level, then we may see Price encounter it's continuation to the upside. We shall see at the end of the day...
_SnipeGoat_
_TheeCandleReadingGURU_
#PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
Trade active
Of course, Price respected the Weekly TP by closing below it... & now we shall see Price continue this Bearish Retracement.Trade closed: target reached
Price pushed back above the Weekly TP with a Daily close. We can now see Weekly TP 4 be used as Support to encounter a Bullish Continuation.
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