hello everyone, am happy to be back here and able to share my own view and bias on this pair which still remains to the upside, looking from the daily tf. price seems to reject the lows @33555, and going down to the 4h yes price broke below the 33555 area and broke back up and right now is holding that area as support as buying are looking to drive price back up...
Having broken the 1950/1942 zone lvl we might be expecting a retracement back to the zone to form a valid support, and also a good time to buy again. What do you think🤔
if price should hold the 1961/1944 resistance zone and create a double top we'll be looking at a short term but if broken to the upside then a possible retracement b4 moving higher depending on the ukraine rejection to surrend .
Having closing bearish yesterday on the 1D tf,.. am waiting patiently for a retracement back into the 40k zone or a price action pattern around the triangle trendlines b4 pushing hh. Like & share your thought on the comment section.
As long as price remains within this zone 39329.16/38973.70 and maintain the structure we'll be looking at a strong bullish trend scaling down from the 4h tf to the 30m timeframe.
After closing yesterday's 1D candle on a strong support zone,... scaling down the lower timeframe we can also market structure building to the up side in the form of a head & shoulder price pattern, and the RSI bouncing off a trend line.. we'll be waiting on that momentum to kick-in to confirm move further to the up side or break below 🤔
Share your thoughts on...
On my previous post i was anticipating to confirm a head & shoulder price action pattern, here i can confirm with my setup to go long for a while as the 1H candle closes bullish on the 1H tf,...Do make your confirmation b4 opening a trade and let's trade with caution .
Having confirmed a double bottom on the H4, am expecting a head & shoulder price action pattern moving down to LTf from here, ... 1H and looking down the (RSI) i can see price bouncing off a trend line. What's it gonna be 🤔 i might be looking to buy btc..
Having making a double bottom on the h4 tf, I'll be scaling down the lower timeframe to look for a possible price action pattern to know my nxt move... See you there Let go 😋
In my last post i didn't pose the right chart. So Yesterday i was looking @t 39403.53/39607.06 support level for a buy, but the zone broke to resistance and made it way to 38367.33/38741.10 support zone on the 1h tf, and a strong wick rejection on the 2h &4h timeframe and the RSI indicating an oversold.
Scaling down to the 30m tf I've got a good looking double...
Yesterday i was looking @t 39403.53/39607.06 support level for a buy, but the zone broke to resistance and made it way to 38367.33/38741.10 support zone on the 1h tf,... and a strong wick rejection on 2h &4h tf.
Scaling down to 30m timeframe I've got a good looking double bottom. WHAT COULD HAPPEN FROM HERE ? 🤔
