BTCLenny

BTCLenny

(XAU/USD) shows a breakdown from a symmetrical triangle pattern, suggesting a potential continuation to the downside. Based on the technical structure, price has breached the lower trendline of the triangle, indicating bearish momentum. The "Fair Value Gap" marked on the chart around 2600 implies that the price might aim to fill this gap, which aligns with the...

BTCLenny

BTC finally broke the 65k zone with a perfect retest above giving us the power to that the top of the down sloping channel. It's an important moment now for btc whether we break and retest above the channel for a bullish trend reversal. Or whether we drop back down into the channel furthering the consolidation period. Currently consolidating above 65k, we need to...

BTCLenny

After testing critical resistance and rejecting, btc starts to fall, this could potentially indicate a large drop, continuing the over larger bearish trend indicated by this down sloping channel. Having said that if history does repeat its self and September ends as a green month we could see the final quater follow suit. We have critical levels of resistance to...

BTCLenny

Btc still stuck in this range after testing key resistance, dropping to the bottom of the pennant pattern and the marked blue zone before rejecting again. Breaks below the 63275 with a retest could see a drop to 62300 support zone where price has pushed from previously on multiple occasions, if that fails 61800 is my area of interest. Rejections at current zone...

BTCLenny

Really nice push over the last 12 hours or so. Would like to see another pull back to the red box to add some buy entries. Setting TP1 at the 68400 zone to complete reverse head and shoulders pattern.

BTCLenny

Gold completed a perfect H&S pattern on the 4 hour TF today hitting all targets. Waiting to see where the daily ends currently before making another move on this pair

BTCLenny

BITSTAMP:BTCUSD Looks like a H&S on 2 hour TF but i really am not comfortable shorting this pair. Will see how it reacts to price at the shoulder line. I can't see this dropping enough to complete the pattern though.