Price is making higher low price is at horizental support along with daily trendline support . so now here we can espect bullish ralley .. price currently rejected frm horizental support. entry .current market level and ride the trend with dow
121.42 acting as support but if broken can see 117.98 pivot tested and put in a higher low to continue uptrend. do not want to fight trend but if 117.98 broken will be looking for short setups.
BTCUSD on 3 hour chart has created higher highs and higher lows. Trend is up for now.
Credits: Seen on MitchRay's stream yesterday The Compound Dragon pattern looks even better now, makin higher lows and potential hidden bullish divergences (as its tradition) developing on the daily and now bullishly engulfing on the last 4h candle of the day.
Pays to look left sometimes. If this trendline can maintain support we should form a higher low and continue up from here.
Nice bullish break here puts us over both the 4hr 200ma(in blue) and on the 1day chart(not shown) we have now gone above the 1 day 50ma again which is a fantastic sign. The 1 day candle also looks very likely to close as a big bullish engulfing candle as well which should lead to more upside. Another bullish signal is the fact that it looks likely we may see a...
The target breakdown ended up being lightly shy of hitting its mark this time before turning around although I had anticipated a potential pump fake back up to the 4hr 50ma so thee's still a chance that this could be that pump fake. I am much more hopeful that we will simply achieve a higher low from here because if so, odds are very good that we can maintain...
Unless this becomes yet another fakeout the price action appears to be ready for a break to the upside which will confirm the higher low and at the point we will be looking to establish a higher high (above 6.9k) to continue the pattern and officially hand control back over to the bulls. if we were lucky enough to achieve a higher high on the next leg up then...
Couldn't get above the 1 day 50 ma or the 4hr inverted head and shoulder neckline they were double reinforced resistance and we now find ourselves back inside the 1week descending triangle pattern. We are nearing the apex of this pattern so I anticipate a break out of it eventually and most likely a bullish break though we may see a bearish breakout fakeout just...
We have achieved the followup higher high after the higher low I mentioned in the last idea. It seems like btc is content on maintaining its fractal of 2014's behavior for now. We still want one additional confirmation higher low to hand control over to the bulls but I bought back in at 5890 as soon as I saw that higher low...not typically what I would normally do...
Just formed a higher low on the 4hr chart. If we can follow it up with a higher high we will also likely trigger an inverted head and shoulder pattern. Would be a good sign for the bulls.
BTC continues its higher low/higher high pattern by forming another higher low on the 4hr chart. and is now testing the top trendline of the falling wedge again. To continue its bull pattern we will want to look for it to reach a higher high than the last higher high of $7777 I personally think we will be heading up to 8k before the next retrace but are currently...
Hi guys, if today's candle closes as a lowtest I will go long on GBPCAD. Overall another B Type Setup with 5 Confluence factors, as shown on the chart. Target, entry and stop will be as shown on the chart. Best wishes and happy trading,