angela_altair

angela_altair

As mentioned before, the price touched the low of the 4h range after falling back into the range. Now it should bounce and at least hit to the next 4h resistance zone.

angela_altair

Price hits the 4h support area. There should better be a bounce here else we are heading towards daily support. This 4h support has been tested so many times and there is a higher probability that it may break this time. It will very likely bounce significantly from daily support but it may also bounce from the trend line which will meet the price somewhere...

angela_altair

So as mentioned, the probability that the price tests the mid or low of the range was higher. And now the price broke through the middle of the range and it is highly probable that it will test the low of the range at 22450. That is a demand zone where we expect a bounce.

angela_altair

As we can see, BTCUSDT price fell back to earlier range zone. And now the top of the range is acting as a resistance. This might lead to another test of the range mid or range low.

angela_altair

It seems, BTCUSDT could not push price through the weekly resistance. There was not enough demand at this level and now it has been put back into the old range. It seems it needs to gain some more momentum before it can break out through this weekly resistance level at 24336 level. The price has fallen also below the monthly resistance. Usually it will not be that...

angela_altair

If we close above current monthly resistance strongly with a bit of fervor, our next target would be 35k-37k. We still got a couple of days left for monthly close. Let us hope that we have a strong push up before the monthly closes. That will be favorable recipe for another 50% increase in the price from current levels.

angela_altair

Monthly candle looking awesome. Please keep the high time frame chart always visible at it sets the trend. Such strong monthly candle from bottom have been observed not very often in bitcoin history. And whenever they have appeared, they have been a sign of uptrend. Therefore the probability currently favoring the long side.

angela_altair

So we are right into the weekly resistance. Lets close above it on weekly candle close in 4 hours. That would signal further leg up. Weekly MACD is also in support of further move. KDJ also in the high value zone and may be ready to create a divergence with another leg up.

angela_altair Updated 

As mentioned in the previous post, the BTCUSD was aiming for the range high and now it has broken out of that range and the price is trading higher than the range high. However, the current 4h candle which broke out the range high, has not closed yet. But by looking at the price action, the probability of this 4h candle closing above the range high is higher.

angela_altair

Well well well...we have a 4h candle close above the range high. As mentioned in the previous post, this had a high probabbility which materialized. Now this definitely adds some energy to the upside movement. Price is still inside the weekly resistance zone and today the weekly candle is going to close. The price has to rally another 1000 dollar to close above...

angela_altair

Once again the range mid was touched and price bounced from there. The probability for the price to test the range high is higher now.

angela_altair

Inverse H&S pattern developed here. The price might shoot up another 30% from here. The same pattern can be observed on several other stocks. Of course if price falls below 166, this idea will be invalidated. However, looking at the structure of the overall market, it seems likely that the price will keep rising higher in the coming days at least and this target...

angela_altair

Inverse H&S pattern developed here. The price might shoot up another 48% from here to 72.85 level. The same pattern can be observed on several other stocks. Of course if price falls below 35.50, this idea will be invalidated. However, looking at the structure of the overall market, it seems likely that the price will keep rising higher in the coming days at...

angela_altair Updated 

The current 30 mins candle (UTC 21:30 to 22:00) has a higher probability of being a green candle than a red candle.

angela_altair

The current 4hcandle (UTC 18:00 to 22:00) has a higher probability of being a green candle than a red candle.

angela_altair Updated 

Price touched the 4h timeframe range high and weekly resistance and for the time being pushed back down.

angela_altair

Once XAUUSD crosses this level and closes above this level, very high probability the price goes further higher.

angela_altair Updated 

The current 4h(UTC 12:00 to 16:00) candle has a higher probability of being a red one than a green one.