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Supportbecomeresistance

BTC Zoomed In (4hr chart)Let's take a closer look at BTC on the 4-hour chart. So far price is following the projected path of our last update (see linked idea). The question now is when are the bulls going to take control? We've seen a flourish of buying activity today with high volume, but will it be enough to trigger the reversal here? I'm showing the 4-hour chart (instead of the Daily) so I can show you that we still appear to have some overhead resistance that needs to clear (The blue field in the middle indicator). Some of that resistance has turned to support and we've just seen bullish divergence so we *might* see the bulls step up here. However, it still might take a few days for the path to clear. Be patient. I'm only looking to add to longs here. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
Long
by mercury_rising
AUDCAD Past Support To Become Future Resistance Short SetupHi All... AUDCAD on the Monthly/Weekly broke down from a key level support making a lower low lower then the previous low, Now the market has retraced to the past support level that has a high chance to become future resistance, A good way to see if it will hold as resistance is to wait for the 4 hour chart to break the counter trend line and take out the most recent low that should give us a powerful indication that the market is most likely heading back down
Short
by ElyaStein
UPDATE of ETH bearish-call.Hello guys. Just a quick update of my quick scenario, normally descending channel don't breakdown. If we can't bounce over our precedent support zone (400 area) then this second scenario is more likely than the first one. We need at least a daily close over it be patient. But hope is not totally end, MACD is ready to breakout the descending triangle and go bullish that could help us to reintegrate the descending channel and don't fall like a rock to 200 area and then 150. See my precedent chart i linked for more informations. Have a nice day. As always, I'm not a financial advisor. Important EDIT : Do not take into account the Timeframe.
COINBASE:ETHUSDShort
by KassandrA_dotcom
KEY SUPPORT IS DEAD : Welcome in bearish woods.Hello guys, here some updates of my precedent chart. The crucial point of my precedent TA didn't hold and invalidate the ABCDE bullish flag. We clearly see now the woods of a major correction. Remember correction are healthy and that's a good time to buy more if you caught the good price. Different scenarios are now possible : - We could be at the wave C of an EW ABC correction that would push us to 8k area. - We can see on the chart a descending triangle pattern who could slowly put us to 7-6k area with a possible breakdown to 4K... and yes... i think it's possible but as always it's a game of probability. For the first time in Bitcoin history (if i remember well) the daily MACD shows a possible reverse trend in bearish zone. RSI shows signs of bearish too. We'll probably retest 10K before any other scenario, but i don't expect this support to hold a very long time. It's always a pleasure to read your comments, agreements and disagreements are always welcome when there are constructive.
COINBASE:BTCUSDShort
by KassandrA_dotcom
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