Timeframe: H4 Trend: Continuation of the uptrend Support/Resistance: Look for the price to bounce off the support, and the bullish trendline which coincides with the 50% Fibonacci retracement level. TSRI MACD: Crossover to signal buying opportunity SL: 20 pips below the support level. TP: 100 pips at the resistance level.
Timeframe : H4 Trend : Possible breakout of consolidation to trade lower Support/Resistance : Look for break of the bullish trend line and support level of 0.6090 (confluence with the 38.2% Fibonacci retracement level) TSRI MACD : Crossover to signal selling opportunity SL : 30 pips above resistance TP : 90 pips at previous swing level and area of 61.8%...
Timeframe : H4 Trend : Continuation of the downtrend since 7th June 2024. Support/Resistance : If BTCUSD is resisted by the 23.6% Fibonacci retracement level at 61718, the price could continue trading lower. TSRI MACD : No crossover to signal selling opportunity yet. But MACD line converging with volume (histogram) decreasing. Next key support is at 56847
Timeframe : H4 Trend : Continuation of the short term downtrend Support/Resistance : Look for break of the bullish trend line and support level of 1.2645 (confluence with the 38.2% Fibonacci retracement level) TSRI MACD : Crossover to signal selling opportunity SL : 40 pips above resistance TP : 110 pips at 61.8% Fibonacci retracement level
Timeframe: H4 Trend: Possible reversal from the short term downtrend Support/Resistance: Supported by bullish trendline, look for breakout of resistance TSRI MACD: Crossover to signal buying opportunity SL: 30 pips below resistance TP: 170 pips at next resistance Possible close at 61.8% Fibonacci retracement level