After this long draw down by BTC, It's due for a retracement to the upside. This is only a short term bias based on the price action. I will continue to update this trade.
The market been undecisive and we had a breakout earlier this week. The market retrace around the 38.2% and got close to the 50%. Price retested the previous 38k high and know we plan to take profit at 43k Trade at your risk!!!
Do not attempt to trade this market thinking it's heading to 50k or 20k just yet. 1. The marker is still in a descending triangle...it can go either way. What are we looking for? - Confirmations for a high quality trade and right now we don't have either. 2. Market is rejecting at resistance. What are we looking for? - I want to see price fall to...
This is more of a daily set up but I will post everything pictures of the other timeframes. There's a huge weekly resistance around 1.58 level that the market struggled to break. - Last week market broke it and price finally came back to retest. and after multiple tries on H4, it's signalling the move to the downside Couple rejections of the daily! Let's see...
I've been seeing this setup, I've been vary cautions but here's what I'm seeing. First thing first, this is a bearish market and we have the EMA serving as resistance. Market came back to retest the 1.765 Zone and as you can see on the daily timeframe; Price gave us an evening star. H4 has a double top! H1 is clearer in terms of the double top which I will...
I've been careful lately to just see where the market could be heading next! The weekly formations didn't play out as I hoped! but I'm sitting on my hands now and wait!
Price came back into resistance! Bearish Channel! Not thinking too hard about it
Patience and Patience right now! Market been really slow lately. There's a potential head and shoulders forming to take BTCUSD Bullish! Let's watch and see.
We had got stopped out of the last trade but this one is a much safer set up! So let's talk about what's I'm seeing! First this is the currency market been bearish for a while and Markets don't trend one way! It's a combination of both Bullish and Bearish that makes the market moves. 1. Previously we had an inverted head and shoulders at the end of June that...
This is a late entry, normal entry would have been on the morning star but this is still a profitable set up! Market retested the invester head and shoulders and now we're waiting for the new Higher High. Let's see how this goes!