I'm biased for a similar move to Bitcoin. Overall trend is bearish, so I’m looking for a sell entry. The market is in the middle of an impulsive move, so I’m waiting for a retracement before entering for a sell.
- Overall trend is bearish. The market made an impulsive sell last week. Price hasn’t been this low since July 2021. It could potentially sell even further, based off the momentum candle. I’m biased for a retracement to the broken out support zone before the continuation of the sell. Then a longterm buy.
- I’m biased for a longterm sell from this point. This looks like a clear break and retest of the bullish trend line. The market has not been able to break the daily support zone its at. On the daily time frame, the market tested this zone for about 3 weeks before the major sell. I’m expecting a similar move. The daily tf also shows two rejecting candles at the...
- Overall trend is bullish. The market is consistently making higher highs and lows. Expecting the trend to continue. The 50 EMA is supporting the market.There is also an ascending triangle formation on the 1hr tf.
- Overall trend is bearish. Biased for the continuation to the downside However, I am expecting a retracement before the continuation of the bearish move. This week, the market broke through a strong s/r zone and made its way to a new zone. Being that the move was so impulsive, I’m looking for the pullback. My entry would be at the end of the pull back.
- Overall trend is bearish. The market is at a daily support zone, and has rejected it 3x. Could possibly be a double bottom forming, however its too soon to be certain. A pinbar rejecting candle and a doji have also formed at support on the 4hr tf. There is also a pinbar on the daily tf. If the double bottom is completed, I’m biased for a buy after the break and...
- The market has broken out of its range appears to be retesting what was resistance (is now support). Biased for the continuation to the upside. 50 EMA is acting as support. Waiting for the market to break the immediate trend before entering for the buy.
I'm biased for a sell for GJ. the market made a lower low and a lower high. Its trying to break through the current support/resistance zone that it's currently at. I'm expecting it to follow its downtrend and make another lower low. the 50 EMA has also now become resistance. Waiting for a clear break and retest before entry. my goal tp will be the next s/r zone.
an inverse head and shoulders has formed. I'm looking for a break and retest of the neckline before entry. there's a huge momentum candle going into the neckline, so I'm biased for the push through. market is also supporting the 50 EMA.
Daily trend is bearish. The market appears to be breaking out of the immediate trend line. There is RSI divergence on the 4hr timeframe suggesting a change in direction. I’m biased for a buy to the daily trend line. Looking for the market to retest the broken out s/r zone.
- trend is bearish. the market broke out of my daily support/resistance zone. Expecting price to sell to support. The market is also at the 50% fib retracement level.
Moving similarly with Ethereum... The market broke resistance and appears to be retesting. I'm expecting resistance to become support and a buy for bitcoin. Currently waiting for the market to drop a bit closer to support for a better entry before continuing the bullish move.
The market broke resistance and appears to be retesting. I'm expecting resistance to become support and a buy for ethereum. Currently waiting for the market to drop a bit closer to support for a better entry before continuing the bullish move.
There is news this Wednesday regarding crude oil inventories. I don't think there will be much movement in the market until then. The last two reports caused price to drop, the "actual" was lower than the "forecast". This report will affect AUD pairs as well, so be cautious. As far as my technical analysis, I'm biased for a buy being that an inverse head and...
The market is ranging right now. As long as price respects my zone of resistance, I'll be looking for candle confirmation of a sell to support.
If gold respects the top zone, I'm going to enter for a buy to around 1796. If the market falls below the top zone again, I'm going to look for a sell to around 1770. As of right now, I'm biased for a sell due to it being a downtrending market at the moment.
the market has been following the trend of lower highs and lower lows. As long as the market doesn't close above the previous high, I'll be looking for a sell entry.
the market is respecting the bullish flag. currently waiting on candle confirmation for the buy.