Used fibonacci for looking forward on a possible long position
If we hold the resistance at 39-41k, the pattern can be formed. If not, it will be invalidated
Stick around this triangle, the breakout will be massive
As you see, Lower lows on RSI and Higher lows on price chart
Everything is in the chart
I will post in comments a second chart on 2H where you can see the triangle pattern better. A triangle pattern formed for BTC/USD. 1. The bullish scenario is that BTC will play again at the resistance of ATH, and if it breakes, it will continue the up trend to 67 000 $ level. 2. The bearish scenario is that BTC will have a massive correction and it will stop...
Check for the retest of that horizontal line, then place the buy
Target 183.9 Wait for breakout and confirmation, before trade
If breaks completely through, I believe that it's a long
I will look for going back to 1.192 on next hours then it probably will continue the bullish trend as it breakout from the resistance zone
As I will post in the comments, there are 2 other bigger range patterns that I will follow on this pair. Please comment your opinion on this, I'm new to trading and any advice might help :)
That s a bullish engulfing right there on 30M chart..I believe that it will go up to 1.29500 area
As per chart. Be aware and patient.
As I see the chart and the last 2 indicators (doji and that kind of hammer) i see a bearish idea for EUR/USD Sorry but don't have enough time for much explanations :) It's just an idea, take it responsibly!
EUR looks in power on MACD... and also oscillators It may be a bounce down then bounce up again so if you take a BUY don't be scared. To watch out maybe a big sale, it can force the resistance again to move the price down more, so if that happens it will break down on the bottom of the trend line and continue to the last 2 weeks trend line
It broke the last all time high, with a beautiful curve pattern. #JMIA $JMIA I see now an ascending tunnel where it already hit the top position, so it has to go down, also the oscillator is going down. The Green lines are the tops for last weeks! What do you think?