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EURAUD BEARISH FALL I posted this idea on the 18th Aug that i thought this was going to trend bearish before regaining its bullish power. As we can all see here its trended beautifully smashing right on our Take Profit level.
Euro continues to fall down without any sign of turning around. I still see some more bearish moves for some time.
BTC/USDTHi guys. Bitcoin daily and 4 hour time frame
If you look closely, from January 14 to July 18, it was in a trading range between $18,850 and $21,700. And after exiting with a powerful candle in daily time and consolidation, the uptrend continued to the 24700 range.
And now it looks like we are back in the trading range between $20,700 and $24,700.
And you should see on the Fibonacci numbers chart that I drew a fibo from $69,000 and $48,000 to the level that Bitcoin saw, which is $17,600. And we see that the 0.236 Fibo, which is the $24,760 range, is currently showing resistance.
Overall, if we break out of this range, we can see Bitcoin rise to $29,200 and $29,700.
At $29,700, there are important static resistances and important Fibo numbers are also placed (0.382 and 0.0236).
And I think the trend could be bullish as long as we stay above 20,700
Good luck
Like and comment please ❤️
BTC / USDTHi guys. Bitcoin daily and 4 hour time frame
If you look closely, from January 14 to July 18, it was in a trading range between $18,850 and $21,700. And after exiting with a powerful candle in daily time and consolidation, the uptrend continued to the 24700 range.
And now it looks like we are back in the trading range between $20,700 and $24,700.
And you should see on the Fibonacci numbers chart that I drew a fibo from $69,000 and $48,000 to the level that Bitcoin saw, which is $17,600. And we see that the 0.236 Fibo, which is the $24,760 range, is currently showing resistance.
Overall, if we break out of this range, we can see Bitcoin rise to $29,200 and $29,700.
At $29,700, there are important static resistances and important Fibo numbers are also placed (0.382 and 0.0236).
And I think the trend could be bullish as long as we stay above 20,700
Good luck
Like and comment please ❤️