A falling wedge pattern in the accumulation phase along with a divergence is observed. A possible reversal maybe observed.
A double top pattern along with divergence indicates a possible reversal. Entry in the trade only after confirmation.
A divergence is observed along with an inverted head and shoulder pattern. A reversal might happen.
A double bottom is observed along with divergence. A reversal might happen. Entry is on the confirmation of breakout only.
The price action is trending in a range. The key support and resistance levels might playout. It is an opportunity to both short and long the price action between these price levels. Keeping in view the previous trend, I am inclined towards the long trade.
The price is ranging between R1 and S1. Continuation is expected. The idea is to short it in the range.
The declining trend may continue given the trend line holds. The entry point is made on the expected fib retracement level.
Advancing Trend Continuation of the trend is expected. Entry Point is determined using the confluence of advancing trend line 0.618 fib retracement level. Risk: 1% Lot Size: 18
Advancing trend may continue. Entry is on the trend line with a confluence of 0.618 fib retracement.
Confluence of 3 three things for a declining phase.
A declining trend along with expected Fib retracement of 0.382 level.
Advancing Trend. Bullish Candlestick Pattern: Tweezer Bottom Potentially it can turn into a hammer leading to a three white soldier pattern as well.
The advancing trend did not continue as a LH was formed. Additionally, we can see a bearish candlestick patterns: Bearish Engulfing Indicating the start of a declining phase.
An advancing trend is observed along with two bullish candles, a hammer along with tweezers bottom. The bullish trend may continue.
The declining trend on the chart may continue given the bearish engulfing observed on the trend.
BTC seems to be making an advancing trend by making HHs and HLs. At the latest HL, a hammer candle stick is formed which indicate that the bulls are in control and the trend may continue. The entry point and stop loss levels are indicated on the chart.