Buyers seem to be well in control of the market, a slight uptrend has formed on the H1 chart, i do not believe the 88.6% retracement level will be held and instead price will continue to move upwards.
An uptrend has formed on the smaller timeframes, though on the H4 time frame price has not broken structure yet nor the downtrend, waiting for more confirmation before actually entering in on the trade. Though I'm convinced that price is going up seeing as sellers lost downward momentum and failed to establish a lower low.
Strong bearish candle, possible retracement around 61.8%. Break of uptrend structure, awaiting further confirmation, possible downtrend forming.
On the H1 chart, we see a major bearish candle forming, i suggest waiting for the candle to close so that we can determine the strength of the sellers in the current market, but a possible bearish engulfing is forming, price may break structure and continue on a downtrend.
Awaiting further confirmation, a double top formed on the H1 chart, so waiting to see if the market will respect the overall uptrend. A reversal at 38.2% will be good confirmation for a definite buy seeing as price will have respected the uptrend on higher time frames.
Price seems to have nicked the 61.8% retracement level with a wick, also seeing as its broken the uptrend, awaiting further confirmations, though it may possibly be a fakeout seeing as market structure (LH's and LL's) have not yet been fully formed.
Awaiting further confirmation for this pair, not much on chart that i can clearly see, the Daily downtrend is holding strong, i suspect a retracement opportunity will happen around the Daily Resistance Zone.
on the H1 chart we see price making a retracement towards the 38.2% reversal zone. seeing as the HH's and HL's are being upheld, this looks like a prominent buy position, though more confirmation is needed in terms of candlestick analysis.
The H4 downtrend was broken, the uptrend is still holding strong as the indicated HH's and HL's were highlighted, price bounced off the 38% reversal level and is currently consolidating.
If price breaks the anchor candle on the Daily Time Frame, BTCUSD is expected to explore into the good uptrend, as shown on the H4 chart, price is nearing the 76.8 % Reversal zone from the Fibonacci drawn on the Daily Chart, if price doesn't retrace at 88.6%, either a double top will form, or the Downtrend will be completely broken, the seeing as the market broke...
Overall downtrend, previous uptrend was broken expecting a reversal around the 61.8 level
Falling Wedge on the Daily plus a slight uptrend on the H4.
After hitting a major support zone on the Daily Time Frame, I see a good Long position.