Following my previous ideas expecting a bounce if it will keep above poc and yellow straight line (3d ema)
Btc find resistance on the channels and poc (red straight line). Will expect a retracement back to the bottom of the upscending channel with more confluences there as support except the channel.
break out from hearline of descending channel expecting a retest and move up. checking level by level each time for the trades. finding also an additional confluence on the 3d 30 ema which is sitting on 26638. am dcaing this trade at the retest and at the higher tf ema i just mentioned
4hcandle closed above 0.236 but my eyes for maybe rejection is where i have my first tp red straight line(poc)/0.382 and heartline blue (confluence) btc 1h stoch bounce from 50 level and squeeze open a new green candle. ema if lower tfs permit might cross but need to check lower tfs my first tp is at red straight line(poc)/0.382 trend based fibs
Based on channels , weekly 18 ema and indicators plus bullish divergences as well as high liquitidy area am longing here .
Daily chart following previous updates on btc. bounce that occured find resistant on the crossing of my channels followed by a retracement. Expecting for a bounce in the yellow line area where is the crossing of channels and weekly ema
Following my previous updates we see a rejection to the channels crossing above followed by retracement. my target level is shown clearly on the chart where i expect the bounce to take place. confluences consist of channel crossings again and yellow line is weekly ema
Volume decreasing and emas are bearish so a rejection there might be in hand if it will not respect the 0.382 level pa is currently sitting on
using channels and weekly ema to find the confluence needed for a bounce here