After then #btcusdt price lost the uptrend in late August, #btcprice accumulated and aimed this retest zone at 35 - 36K. If this' the bearish retest, then bear season will be welcomed by #cryptomarket . Also , huge liquidations in 30 - 35K region was claimed , shorters devastated and historical CME gap at 35K filled.. WHAT NOW?.. ;) NOT FINANCIAL ADVICE.
It is apparent that the price has breached below the neckline and subsequently undergone a bearish retest. However, the price has failed to regain the neckline, indicating a potential shift in momentum toward the downside. Should the price further break below the support zone, there is a strong possibility of moving toward the 24k mark. Furthermore, it should be...
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. In my previous BTC update i clearly told you that BTC is not break above $18.2k level and we might see a rejection from there and exactly the same happened. So what's next? As of now, BTC holding the green support area ($16.5k-$16.8k) and...
Broke and retested the previous crucial support. Highly unlikely to return back above. But, if that happens, look at the white for shorts. The green is a nice area for DCA if you know how to do it effectively. * My macro view is coming!
$NDAQ holding up all markets at the moment. crypto already on it's path to nuke, while tech is sitting in our resistance box. expecting this to flush. that's when the real fun begins :)
ADA 1 hr chart. Possible bearish retest of old support that became resistance. Enter on retest, exit before support at .55.
The previous idea about rising wedge playing out so far. I don't like the fact that we break down from this big ascending channel, And this action looks just like a bearish retest... If we do not break back in that channel soon, we could see another leg down...
Evening Traders, Today’s analysis – GBPJPY- trading below Local S/R that has confluence, further downside probable, Points to consider, - Price Action Impulsive - Local S/R Resistance ( .50 Fibonacci Confluence) - Long Liquidity Target ( Dynamic 200 MA Confluence) - RSI Bullish Control Zone - Increasing Volume GBPJPY’s immediate price action is impulsive...
Evening Traders, Today’s analysis – USDJPY- trading below Local S/R where a bearish retest is probable, Points to consider, - Price Action Impulsive - Local S/R Resistance (.382 Fibonacci Confluence) - Untapped Liquidity Target - Valid Volume Climax USDJPY’s immediate price action is impulsive under Local S/R, this allows us to have a bearish bias on the...
Evening Traders, Today’s second analysis – TEHTAUSDT price action breaking trend therefore any rallies are now considered bearish retests. Points to consider, - Price Action Lower Low - Local S/R Resistance (Bearish Retest) - 200 MA Resistance - Oscillators Extended - Declining Volume THETAUSDT’s immediate price action is bearish under Local S/R; this...
Todays analysis – NDX – Consolidating at a key below the multi-month trend line Points to consider: - S/R flip of dynamic support - Overextended trend - Fibonacci retracement targets - 200 EMA mean reversion NDX finally breaking below its strong multi-month trend, failing to break above the dynamic resistance, price is likely to have a steeper correction....
Todays Analysis – BTC/USDT – low time frame analysis - establishing a bearish retest of local swing high. Points to consider: - Bullish Trend - Dynamic trend support + 200 EMA support - Bearish local swing high retest + .618 confluence BTC/USDT trading in an uptrend with trend support and 200 EMA acting as support. Price failing to establish an immediate...
Evening traders, Second analysis – ONTUSDT- a bearish retest likely to form with the immediate target Daily S/R, Points to consider, - Trend ranging - Daily S/R (support) - 200 MA Resistance (bearish retest) - Resistance confluence - Oscillators divergence - Low volume ONTUSDT’s intimidate trend is ranging between two key levels. Breaking either will be...
Evening Traders, Today’s analysis – EURGBP respecting its .618 Fibonacci leading into an impulse move, price action is currently testing weekly S/R where a rejection is probable. Points to consider, - Macro trend range deviation - Bearish Retest (Weekly S/R) - Local S/R (immediate support) - Oscillators extended - Volume below average EURGBP has had a...
Evening Traders, Today’s analysis – USDJPY- breaking down from structural resistance with bearish price action, further downside is likely. Points to consider, - Macro trend bearish - Impulse sell through level - S/R flip (bearish retest) - Bearish price action - Local support target USDJPY’s trend has put in consecutive lower highs giving the market a...
Evening Traders, Today’s Analysis – GBPUSD – range trading putting in a bearish retest with the immediate target range midpoint. Points to consider, - Overthrow (no follow through) - Range resistance confluence (200MA) - Range midpoint (Local support) - Oscillators neutral - Volume below average - GBPUSD’s immediate trend is bearish with consecutive lower...
Evening, Today’s analysis, NZDCHF respecting the 2.618 Fibonacci Extension with the next projected trade location at structural resistance Points to consider, - Oversold bounce recovery - Structural resistance retest - 21 MA breached - RSI swing low failure NZDCHF’s oversold bounce recovery is projecting structural resistance to be tested. A bearish...
Today’s Technical Analysis – EURUSD – testing local support, a bearish retest will allow of a short entry. Points to consider, - Double top resistance (bearish formation) - Local support confluence - RSI below 50 - Stochastics buy cross - Volume below average The double top resistance was established with an impulse sell off into local support, which is the...