Naked
Naked Brand GroupStock Symbol: NAKD
Keep eye on 65 - 70 cent cross. Adding this one to the post not ready for entry just yet. Give it a week
Diversify and use 5% stoploss
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$BTC $BTCUSD Ponle música, pa' que esto no pare
Weekly
Looking at our higher timeframe we see last week's BTC candle broke out of our descending channel and close above. Stochastic RSI showing momentum is in favor of the bulls with no signs of slowing down. This week's candle shows a retest of the channel only to be rejected and continue to retrace towards the upside. Expecting momentum to push price back up to $9,000 filling in our wick.
Daily
Shifting over to our pattern timeframe we see BTC forming higher lows, highlighted above. Stochastic RSI is just now shifting in favor of the bulls, however, our weekly showed momentum is already in favor of the bulls...something to watch out for. Looking at our most recent daily candles we see multiple rejections from the $8,250 level, a bullish engulfing at this level is a good sign we are heading up.
4Hour
Finally looking over at our trigger timeframe we see BTC has formed a double bottom at $8,250. Stochastic RSI showing momentum heavily in favor of the bulls. A 4hour close above our previous high of $8,500 indicates we are heading towards the upside. Rejection from this level and expect a sell-off sub $8,000. Dashed (orange) line shows minor downtrend being broken, followed by our dotted showing our previous high; a close above this level and BTC is heading back up to $9,000.
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It may go UP before it goes SHORT :|57 pip Opening Market Gap breaks the bearish flag bottom channel.
Will this be THE bearish continuation?
Watch for price reaction at key structure areas for your ideal set up and confirmations.
**Patterns are like habits - they are repeated
~Always remember to look left!
<--- Q~Q
Daily shows Short continuation on the HorizonWill this month long range do its breakout?
Will the channel morph into a descending channel?
Will the market give back the full 61.8% of the market?
Buyers beware and manage your positions with care!
Sellers buckle down to enjoy the ride!
~Always remember to look left!
<--- Q~Q
Every DAY counts until it falls ... so wait until it falls!Previous Daily bearish flag hit 61.8% resistance multiple times before continuing bearish impulse.
Will it break the DAILY trend line to continue the bearish move now or later?
**Manage any long positions with care!
~Always remember to look left!
<--- Q~Q
Clear Descending ChannelIn large Daily descending channel after bearish impulse.
Will let patterns within Daily channel give more clarity.
H1 showing expanding bullish flag - lets see if it breaks up AND if the top of Daily channel holds pushing price back down.
~Always remember to look left!
<--- Q~Q