DDHF

DDHF

Recent PA - especially on 4H has been respecting these fib levels - it would be great to see 61.8 hold from here and be the end of the correction but the recent bearish impulse wave was quite strong. Maybe we'll see it dinging around between 50-61.8 for a bit. The daily 50 EMA is where price is sitting as well so that could help support it as well. 61.8...

DDHF

If this support holds and the upper trend line of the channel is significantly breached - and MAs crossed (starting with the 20 EMA in red) - we could be seeing the next bull run. Levels to break are 9200, 9900 then 11736 for a technical trend reversal - or at least break of the down trend. No cigar yet though.

DDHF

Bit more bullish on BTC now seeing the recent down move halted around 8370 and followed by some solid bullish momentum painting a bullish daily engulfing/outside candle. It's right at multiple resistance points (again) such as the upper trend line of the pitchfork/channel, daily 20 & 50 EMAs. The bullish price action shows a fairly strong rejection of a short...

DDHF Updated 

Although this upmove is looking impulsive it is no cigar quite yet. We have the red upper trend line - the 100 daily SMA, then the upper trend line of the Andrews pitchfork. I would love to see these steamed through but it is what it is...

DDHF Updated 

Here is a zone with a confluence of resistance that could cause another leg down. There is previous support levels, 20EMA, trend lines. Not saying it will bounce here but as a trend trader this is hard to ignore. Also bear (see what I did there?) in mind that the current upmove is more corrective and sluggish than the high momentum impulsive moves down in this...