GBPJPY Chart: H4 Resistance: 167.500 If you're looking for a much safer sell position, wait for a break and CLOSE of the 167.000 zone, then wait for a retest with an entry at the 167.000 level. TP:165.000, however always practice risk management and trade management to keep your account safe at all times.
GBPJPY Chart: Daily Resistance: 167.500 There's resistance @ 167.500 which falls in line with the rising trend lines. This also lines up with the momentum slowing down and price getting trapped in consolidation zone, however the market is still in an uptrend, therefore risk management should always be exercised.
GBPJPY Chart: Daily Resistance: 167.500 There's resistance @ 167.500 which falls in line with the rising trend lines. This also lines up with the momentum slowing down and price getting trapped in consolidation zone, however the market is still in an uptrend, therefore risk management should always be exercised.
Bitcoin looks like its ready a serious pushing to the upside as there is a divergence on the 4H. It is also making higher lows and higher highs.
Bitcoin has shown signs of further dropping to the $20000 support.. We will look for buys as it plays out but definitely close to bottoming out and heading back up :). Let's wait and see what happens
If the $30000 support holds we're headed to the moon So buckle up and up up we go
Bitcoin looks like it's forming a bullish pattern W... If it does break past the support then we're looking to push up.
W formation? If so then we're going up.. Bitcoin could see a bullish movement if we do not break through support.
We still hold support at $40000.. I see bullish momentum coming in if we continue holding support. Buy with caution and enjoy the ride :)
If we do not break below the support of $42000, Bitcoin will go higher. There are no guarantees so practice good risk management and only trade what the market gives you.
This is another analysis chart I see which could be traded at the break and close above the $34500 resistance.
My last 3 day predictions have been close to what bitcoin has been doing.. I'm looking for a double bottom with a 4H and Daily candle close above $30000.
Bitcoin has a head and shoulder pattern that looks bullish but the 50MA on the 4H chart does not look like it will break the resistance. Wait for the 4H candle to close for confirmation of the next trade. I'm waiting for the $30000 to buy again or will trade the 4H long candle close.
I'm seeing a W pattern form on the 1 hour chart and Bitcoin is sitting at a critical support level.. We could see go up higher in the few hours.
All my analysis still points to a dump coming but with bitcoin, you never know.. Just place your orders at $33500 and let it play out. Just don't get caught buying in this resistance zone we are currently in. Relax and let the FOMO go.
This 4H chart shows where your buy orders should be, as the price drops lower. $33 500 is the buy zone.
Bitcoin looks like its at a resistance, place your orders at $33 500 to capitalize on the dip.
Excuse the busy chart :) So here's what I see forming next on the chart. We could pullback further to $28000 or further down to $24000 but I think it will be highly unlikely with all the institutional adoption and bitcoin supply shortage.