itradekmv_za

itradekmv_za

DAILY BIAS LOOKS BULLISH INDEX:BTCUSD

itradekmv_za

M30 - MINIMIZE RISK . SCALE OUT

itradekmv_za

Overall directional bias looks bullish, however when looking at bigger timeframes (MN/W1/D1) prices seems to resisting local highs as prices is near a previously respected resistance area. Wait for price to close below and retest 1.55922 creating a new LH. MINIMIZE RISK . SCALE OUT MN - W1 - D1 - H4 -

itradekmv_za

When looking at bigger time-frames, selling pressure seems to be exhausted, price gained support and is now aggressively rallying towards "extreme highs" . H4 chart - Price broke above the trendline consolidated away from it and now looks to have found support and created a new demand zone (support/resistance area). A "3-bar play" pattern seems to be currently...

itradekmv_za

READ BELOW TEXT.

itradekmv_za

After consolidating over the past eight weeks this pair seems to be losing strength, when looking at higher timeframes. W1 - D1 - ............................................................................................. On the H4 - () chart , price is failing to break above previous highs (Resistance Area). Entry Price: 78.986 Stop Loss: 79.375 Take Profit: 77.756

itradekmv_za

Refer to attachment.

itradekmv_za

As expected NDX did sold off last week and now looks to be gaining support off the D1 demand zone/support area.

itradekmv_za

Bullish overall directional bias. -Showing weakness -Resisting Supply Zone/Resistance Area Intraday short. -Pay attention to price action -Look for confirmation patterns/entry points MINIMIZE RISK. -Lower timeframes are susceptible to noise

itradekmv_za

Bullish overall directional bias. -Showing weakness -Resisting Supply Zone/Resistance Area Intraday short. -Pay attention to price action -Look for confirmation patterns/entry points MINIMIZE RISK. -Lower timeframes are susceptible to noise

itradekmv_za

Bullish overall directional bias. -Showing weakness -Resisting Supply Zone/Resistance Area Intraday short. -Look for confirmation patterns/entry points on lower timeframes MINIMIZE RISK. -Lower timeframes are susceptible to noise

itradekmv_za

Bullish overall directional bias. -Showing weakness Intraday short. -Look for short positions on lower timeframes (For a long position look for a break and retest above resistance) MINIMIZE RISK.

itradekmv_za

Bullish overall directional bias. Intraday short. Minimize RISK.