I predict a 2R trade in the UK session today, as the price is making Higher highs and higher lows along with a pump from support below
It has been quite a while since we are enjoying a bullish trend in crypto. now it is time to give it a rest and cool down for a few months. in upcoming months halving will take place but the real bulls will be back after a few months of halving.
the trend seems to be be faded if the trend line breaks
as the daily trend seems to be fading, placing a sell stop on the support. if it breaks then a low is expected
the chart will complete its ABCD pattern in the upcoming week or 2, from there I will expect a little bull run for the next 6 months. Vertical lines show time cycles for reaching their target.
1. Shorting from defined possible LH 2. Tweezer top candle spotted 3. bouncing from 0.5 Fib. resistance 4. next Fib. Retracement level will be the TP 5. Bottom to top Time Cycle on the daily chart is 35 bars 6. RSI divergence was made on the chart 7. SnR could not be broken on daily 8. No pattern was found
1. Shorting from defined possible LH 2. hanging man candle spotted 3. broke .786 daily resistance 4. next FIB. The Retracement level will be the TP 5. Bottom to top Time Cycle on the daily chart is 35 bars 6. RSI divergence was made on the daily chart 7. SnR is broken on daily 8. No pattern was found
1. The chart has defined the LH 2. shooting star candle spotted 3. daily trend line is playing as a resistance 4. next FIB. The Retracement level will be the TP 5. Bottom to top Time Cycle on the daily chart is 35 bars 6. RSI divergence not needed 7. SnR is broken on hourly 8. inverse cup n handle pattern was found
1. The chart has defined the LH 2. hanging man spotted 3. bearish trend(daily)line is playing as resistance 4. 0.236 Fib. level (daily)will be the resistance 5. top to Bottom Time Cycle on the daily chart is 6 bars(complete) 6. bearish divergence found on the hourly chart 7. AB=CD pattern complete
1. The chart has defined the LH 2. shooting star spotted 3. bearish trend(daily)line is playing as resistance 4. 0.618 Fib. level (daily)will be the resistance 5. top to Bottom Time Cycle on the hourly chart is 12 bars(yet to be complete) 6. RSI divergence found on the daily chart 7. AB=CD pattern could be seen
1. The chart has defined the LH 2. Morning star spotted 3. bullish trend (ascending parallel)line is playing as support 4. 0.382 Fib. level (daily)will be the resistance n TP 5. Bottom to top Time Cycle on the hourly chart is 39 bars(yet to be complete) 6. RSI divergence found on the daily chart 7. No pattern could be seen
CXY is bullish and SXY is bearish on the Daily chart 1. The chart has defined the LH 2. hammer candle spotted 3. bullish trend line is playing as support 4. 0.236 Fib. level is playing as support(hourly)next FIB. Retracement 0.5 level will be the resistance n TP(daily) 5. Bottom to top Time Cycle on the daily chart is 25 bars(yet to be complete) 6. RSI divergence...
ZXY is bearish and JXY is bullish on the Daily chart 1. The chart has defined the LH 2. shooting star candle spotted 3. bearish trend line is playing as resistance 4. next FIB. Retracement 0.5 level will be the resistance 5. Bottom to top Time Cycle on the hourly chart is 43 bars 6. RSI is still in the middle so no divergence is needed 7. No pattern was found
1. The chart has defined the LH 2. shooting starcandle spotted 3. bullish trend line is broken 4. Retracement from 0.618 level 5. Time Cycle on hourly from low to top is 25 bars 6. RSI is still in the middle so no divergence is needed 7. ABCD pattern is in play
1. The chart has defined the LH 2. Hanging man candle spotted 3. bearish trend line is respected 4. 0.5 Fib. the level retracement will be TP2 5. Time Cycle complete in 18 bars on hourly 6. RSI is still in the middle so no divergence is needed 7. ABCD pattern is in play
AXY is bearish and SXY is bullish on the Daily chart 1. The chart has defined the LL 2. three black soldier candles spotted
EXY broke the daily bullish line and DXY is bearish on the Daily chart(trading against the trend)
EXY is bullish and AXY is bearish on the Daily chart 1. The chart has defined the LH 2. morning star candle spotted 3. trend line on the chart will be the resistance 4. 0.5 Fib. the level retracement is complete 5. Time Cycle on hourly is almost complete 6. RSI is still in the middle so no divergence is needed 7. ABCD pattern on the daily chart is in play