bt making creating a lower low and lower high which is bearish pattern formation , the posssible entry and target is define for shorting for the weekend once candle close below the ,mark line .
BCH market update in the course of the weekend bch created low due to low momemtum and volume in the market to continue on the upside but during the asian opens , we could see some volume flowing into the market for bch , bch will need to break the resistance as spotted on the chart and safe entry for long position will be executed upon retest to archieve target...
in the course of the Asia session , btc makes it way out of the consolidation area although btc came for retest close with dragonfly doji , which is weak confirmation for bulls to take price to the next level but for now we are still buillish with this break out, possible entry for long positioning with the low of the previous candle
btc makes some yearly historical breakout in the course of session trading although it turns to be a fake out after the some whales in exchanges liquidated their long position we could see a prety nice structure of head and shoulder pattern btc have created if the neckline is broken and upon retest we will be see a second wave of dump to probable target of 8k +
BTC market update this is weekend call, btc making a strong consolidation which will allow mommemtum to build up to take long position entry position has been define , candle must flip in the direction of the trade before taking these entry , note that during weekend volume and momemtum are very small
after much consolidation yesterday in during several session of trading , btc broke and make and intraday high of 9216 btc push forward but got some traffic on the way and got rejected which means btc needs to test the previous resistance to contue bulish safe entry has be define on the chart.
ETH is making some corretive wave on the downtrend creating lower lows and lower highs on the intraday we could see some highs and lows but market trending on the downtrend due to the dorminance of btc despite the upcoming big events of ETH.
the market trend in the higher time frame for GJ has been down trend . price maing lower lows and low highs. price was stop at a good resistance we are looking at price testing the support to create a fresh low . . target for take profit has been define and stop loss
ETH have been gathering momemtum from the support level , if we must hit the next target ETH need to break the Resistance. but for good entry to made , it will be a retest , and second entry can also be made once the retest close bullish
btc came for retest previous resistance which is now a support . the 50EMA is also acting as a support which is a double confirmation for LONG entry , but my bias for safe entry will be better if previous highs will be broken and on retest for previous high then i will long hit fresh Highs . risk use risk management.
btc now coming to retest structure , if the structure is broken we could see further dip , keep eye on btc since is close to retest structure, once the daily support is broken we could see a fresh low , which will lead the crypto space to a bear market
ETC breaking out of mid range , we could see a possible retest of the support and long position to hit a target ,