BITCOIN RESISTANCE AHEADBitcoin is back in the big daily range and successfully retested an important level with a SFP (Swing Failure Pattern).
There's a lot of heavy resistance ahead
Top of the Range + Fibonacci Golden Pocket
Yearly Open + 0.786 Fib Level
Monthly/Quarterly Open
Our indicators show that there's potential for a little more upside in the current price action.
One major problem is the current volume which isn't showing any signs of strength as of now.
Monthlyopen
Hypos SPX 4-4-22Hypos on SPX:
1. Primarily looking to see if price pushes into the D-FVG to fill the imbalance and continue to push down. As it stands there hasn't been much movement and price is hanging just below the FVG(L) by about 10 points. Also we've traded in a about a 25 point range and that's about it all night with the opening sitting at about 50%.
2. Second hypo, we drop down into the daily wick and hold to buy in that wick range around 4525.05. If this happens then I could see us rejecting here to move up further into the FVG or continue to higher to take out the last high.
Sitting at 0.618 (has rejected twice this week) BTC (resistance)Hello traders,
Quick BTC update:
1) sitting at the 0.618 fib which has rejected twice in the past week (September 24th & 27th)
2) if we reject a 3rd time (October 1st) there will be 3 lower highs confirmed going into resistance from the downtrend that started September 7th
3) 0.382 fib still untouched, if we reject the current supply zone this will be my area of interest as I've previously mentioned in past tweets
4) longing resistance never ends well, especially going into a new month....
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