louixjarvie1

louixjarvie1

Currently downtrending, however price has slowed and cannot break support. price is in a consolidation phase showing uncertainty, pair this with a bullish divergence, means theres a potential trend change incoming. if price can break my trend line then i have faith this trade can go parabolic. Lets see how it plays out.

louixjarvie1

Price is currently being rejected and cannot break 68k. Daily candle will close at approx 67k. Tomorrows daily candle needs to close bellow this level and price must bounce off current trend line in the coming days to confirm my analysis. Currently in overbought territory which adds confluence and appeals to hedgers and whale to dump price due to over confidence...

louixjarvie1

Both CPI and PPI are set to release today, which could make or break this pattern. My personal bias is saying short, whilst my analysis says buy. Excited to see how this plays out. Gunna sit and think about this one. What do you think ?

louixjarvie1

Ascending triangle spotted. Consent failure to break the resistance level. Patiently waiting for confirmation. If this doesn't break, then a short position will be in order.

louixjarvie1

I think we've reached the lowest price possible before we smash previous highs. Perhaps well see some consolidation on lower time frames before going higher. What do you think ?