Although we have broken resistance of the bearish channel, Bitcoin tends to have reversals when forming a doji candle at the end of a trend. Also we have RSI divergence on the daily chart. I'm staying neutral until we either move higher or we break back through the bearish channel support.
Price has broken support. We should see a retest at resistance before a continuation down. I post these ideas for my own reference. Trade at your own risk :)
We're at the bottom of a nice descending channel on the daily chard & we have divergence on the 4 hour chart.
NZDUSD head and shoulders pattern forming
USDCHF RSI DIVERGENCE Looking for a retracement up to resistance which is also between the .50 & .618 fib retracement level to complete a nice (W)
After the double bottom price has made a higher low. Price needs to close above the previous high @ 7898 to see a bullish continuation. We could see a retracement back down to the 7500 / 7200 area or go straight up from here... Thanks for viewing. do me a favor, like this idea and follow me @FXcode.
Buy opportunity. Entry one 8006.61 = 618 fib retracement zone Entry two 8007.28 = 786 fib retracement zone Stop @ 7678.04 Just below previous low TP one 8361.42 TP two 8628.37
AMC Falling wedge Daily chart. Falling wedge statistically breaks to the upside.
XAUUSD BREAKOUT Buy limit 1486.634 sl 1441.680 tp1 1516.866 This is just my idea. Trade at your own risk!
Thanks for viewing my idea. Feel free to like my idea's and follow me on Trading View @FXCODE This type of triangle chart pattern occurs when there is a resistance level and a slope of higher lows. What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as...
BTCUSD DOUBLE BOTTOM RIGHT INTO THE RESISTANCE ZONE.. I'D LIKE TO SEE THE 50% FIB ZONE FOR CHRISTMAS ;)