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Higherhigh

BTCUSD breaking up from current bull pennant?If we break out bullishly here, it looks very bullish indeed, we have a couple horizontal resistances to overcome the current one at 9595, and the grey horizontal a few pips above that...the projected breakout target also requires we break above this turquoise horizontal as well and if we were to do that that would be a HUGE bullish sign BTCUSD will have achieved the ever important higher high...I anticipate it will at least rise up to meet this horizontal if it breaks out here if it doesn't reach the entire bull target....I also expect a correction afterwards to create a handle on what will then be a freshly formed cup...if it does this that cup and handle once broken can take us above 14k but I anticipate the handle will dip down far enough to fill the gap around 8.5k before heading back up to the rim of the cup. 1st and foremost however we need to breakthrough the current strong resistance of 9595 to be confident we are going to see a bullish breakout here.
BITSTAMP:BTCUSDLong
by DrDovetail
Profit After Weekly AnalysisFrom my previous analysis on the EUR/USD a week ago, I saw major level of structure around the 1.09899, I waited for my 3 points of reference to tell me if price was going to trend, but price came lower than I expected, testing the 1.09899 as support. Eventually, Price then shot up breaking the previous high forming a higher high, then I formed a small trend line in which price came down, retested, and formed a higher low. so I then saw an entry opportunity, and price came all the way up to my take profit a few pips below major resistance only 6 hours later.
Long
by AzzenWazHere
Long position AUDUSDWeekly Daily support area lower high lowerlow has changed to higher high and making higher low now divergence visible on 30 min target 1----- 0.69200 (previous daily candle high) target 2----- 0.69800 --- (if high broken) ( resistance above daily high) strategy --> you can enter now with stop below lowest price + 10pip (aggressive entry) or you can place stopbuy above high and add smaller trade all the way to target (what we suggest) remember to calculate your risk first and dont take big risk (not more than 3%)
Long
by Forexharmony
AUDUSD potential for Long position(Intraday)As you can see from chart- price failed to make new Lower Low on 28 Oct 2019 and this could be starting of impulse wave for uptrend and since that price go up to make a new Higher High(HH) and Higher Low(HL) until today if u can see from H1 chart.Now price try to make new high from previous daily high on 22 Oct 2019(Box color-Turquoise).My prediction price will go up to find liquidity at high area and go down before buyer start to enter position at discount price area of 0.68600-0.68675. As you can see from weekly trendline price will make rejection at upper trendline and need to wait for Price Action for breakout or go minor bearish trend. This is from Daily chart and Daily chart. Analysis: 1)based on key level from higher timeframe which is Monthly and Weekly High on candle monthly August 2019-0.68680 Low on candle monthly May 2019-0.68649 if you can see price rejected that price and go up. 2)Based on trendline major high timeframe 3)supply and demand zone 4)High and low of major turning area.
Long
by MxNadhir
Higher Lows for Bitcoin, Can we Make Higher Highs? Good Evening Traders, Bitcoin is looking very interesting on the weekly, just over a big resistance mark from July 15 of $10,590 at $10,615.38. Bitcoin has been following an interesting pattern in the last few months. We have seen two weeks of profit follow each low of the cycle, meaning we could see more profit in time to come. We would need to pass $11,507.59 for a higher high to follow the potential higher low at $9,766.52. I would definitely keep a tight eye on this weekly if I were looking to make any moves on Bitcoin. Feel free to compare this to a more zoomed in POV of Bitcoin on the hourly chart, along with some of my technical analysis here . Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for you to use as one of hopefully many tools for making YOUR OWN decisions. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
COINBASE:BTCUSD
by CryptoRichCrypto
BTC Update! Bulls give us our higher low and higher high!Love when charts go the way you anticipate or at least mostly. Last chart I mentioned I had scaled into about 80% of my position on the drop down and re-entered final 20% just over 10k on the first bounce up. Ideally I was seeking a lower high to set in around 10,500-10,900 as that would be a solid bounce and give plenty of breathing room for the bulls to then form a higher low. Bulls finished just shy for the lower high, coming in at $10,445. Overall pretty decent tho so can't complain other than I missed my first sell to take some profit off the tabel by $30. Oh well. From there we needed to see the bulls get their higher low compared to $9470 (our low of the pullback). They did this with a higher low at $9,740 last night. And from there we wanted to see the higher high come in compared to wherever the bulls set their lower high (as of yesterdays post we didn't have a lower high set yet as thats what I was hoping to see at 10.5-10.9k). So now that we did get the official level at $10,445. That was the lower high to beat so bulls could shift the trend back into higher lows and higher highs. The bulls did get us there today with a higher high thus far coming in at $10,539. So this isn't much of a higher high but technically is one. I'd like to see bulls give another leg up before coming back down for another higher low. This will give bulls back some control on 4 hour chart and also makes for much easier trading as traders just follow their stop losses up based on each new higher low being established. Personally I remain in full position as I just missed my first sell yesterday (and would have then rebought on the consolidation seeking the first higher low) but since I missed it, I then raise my first sell level in anticipation of the eventual higher high (which I'm patiently waiting for another leg up to give this higher high a bit more momentum). If bulls do trend back down that is fine and we just watch for our next higher low with $9740 being a key level to hold and $9470 being more critical level to hold. We must be cautious as 4 hour RSI has significantly cooled off now (remember the oversold 4 hour RSI is what had us begin scaling into positions initially). Also worth watching is our 4 hour EMAs I use (12 EMA currently serving as resistance and 26 EMA currently trying to give support). Overall trade is going nearly as well as one could hope for. A push for further momentum up tonight or tomorrow to really give this higher high some meaning would really help solidify the trade, allow for some profit taking to then have my personal stop loss area at about break even for the trade. Those are my favorite types of trades as they do allow for much more comfort knowing you won't lose money and it then turns into trying to maximize some profits. Sorry for long write up. I am now out of town for the weekend so will check back in Monday or Tuesday! Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
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