1. 2 rejections of the descending trend line and a break of the trend line. 2. The price pulls back to the 0.70 level (This level more consistent than 0.618, which is overrated, because 0.7 is a masculine number) 3. Price breaks the trend at 0.50 level signify and end to the downtrend. 4. Price pulls back to the descending trend line and the ascending trend line...
I'm looking at this move happening. Previous lows keep breaking in search of equilibrium. I expect a drop to the 99.087 zone area then a potential bounce to 108 zone area.
I'm looking at the market making this move. Based on my strategy, the market looks more bullish. The market pulled back to -0.7 level (green) which a signal to buy just like it did previously at 0.7. NOT FINANCIAL ADVISE.
I'm looking for these 2 moves. I think BTC still has some more juice but needs liquidity. My longterm view is bearish.
Looks like bearish. Yellow signifies reverse and/or slowing down of momentum.
I'm looking at this move to happen in order to push higher. Why? 1. The price failed to break the previous high. 2. Previous low broke below the red 50% level and yellow (30%) 3. A red candle closed below the green line and a bullish candle started below which could signal a bearish move down. If the price closes above the trendline, I know the price may...
I'm looking at this setup. The price broke the previous low and found support at -1 area and it looks like the price wont be making a new high. So I'm expecting a new low and I will be shorting to $0.45738 area. I'm waiting for confirmation to enter this trade