CRYPTO:BTCUSD
Bitcoin Nears Major Resistance – What Comes Next?
As of this writing, Bitcoin is trading around $96,000, climbing steadily as it approaches what I believe is a critical resistance zone between $98,000 and $102,000. This area has the potential to act as a major turning point.
If Bitcoin can break through and hold above the $102,000 level, I...
Seeing a potential Head and Shoulder pattern on the 15 minute chart on the USD/CHF pair.
~.95823 was a target level where we wanted to take a long position, this setup could confirm a further upward move.
A bounce off of that .96000 level and a move to .96900 is what we could be seeing here.
Notable untested levels at ~.96298 and ~.96418. (Potential Resistance...
Noticing both a falling wedge and positive divergence (falling price action / rising MACD lows) on the NKLA 4HR Chart, a potential sign of downward momentum slowing.
Support level at 12.70 just got tested.
Could see NKLA price rise up to 26.90.
Green levels are untested levels to take profit.
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Going short at an untested level at 1.17408. Looking to see a move down from there to 1.16581. Decent R/R. Move to the high was just lost on the 4HR chart so we should be preparing ourselves for a downward move.
Noticing some bullish divergence on NKLA (MACD). Specifically the 1 hour chart showing signs of a possible reversal. If NKLA can get above 37.50, it should precipitate an upward move.
Noticing a rising wedge form on ZM's 4 HR Chart as well as a loss of momentum, indicated by downward movement of the MACD. Also sitting around the .236 Fib extension level. Due for a significant downward move, most likely to the 181.47 mark that I have.
We see bearish divergence occurring with upward price action and downward MACD crossovers. This is accompanied by a bearish head and shoulder pattern. Expect to see a downward move to the 1.10355 area.
See bullish divergence occurring on the lower time frames on AUD_USD on both the MACD and in the form of a falling wedge. If we can get above the marked level we can expect a move to the .62350 area and then to the .63390 area.
Bullish divergence on the 1hr and 4hr chart, both with MACD and Falling wedge. We need to get above marked level in order to look for that higher .72580 level.
Short Day Trade, on the 5, 15 and 30 minute chart we can see bearish divergence occurring. We lost the move that took us to the high on the 5m chart. If we lose the 1hr/30m move to the high we should prepare ourselves for a move lower to 1.04450 area.
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I See Bearish divergence with the MACD on the EUR/USD 4hr Chart.
Just touched untested level I had marked.
Maintaining downward momentum.
Im expecting an almost 90 pip downward move.
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Bitcoin reversing on a level I had marked at the 8370 area. Expecting an almost 30% downward move to the 5870 area.
The reason for this being that Bitcoin is maintaining its downward momentum.
I...
Long-term trend line has held strong on the Daily/4 Hour Chart.
See untested level around .68750 so I will enter short position there (Close to long term downward trend line)
Looking for .67464 level as take profit.
AUD/NZD showing small Accumulation Pattern on an untested level I had marked at 1.05662.
Expecting a slight upward reversal so I am long.
Taking profits at S/R levels.
Bitcoin just dropped below a key support level at 7500. As per my previous analyses, I'm now in a short position looking for the marked target area. I believe that at this point the possibility of Bitcoin dropping down to 4400 is higher than ever. After breaking below that Symmetrical Wedge, Bitcoin was on track to move lower. There was a test of higher levels of...
