CDaley91

CDaley91

Bitcoin was recently in a descending right triangle and broke the 5025.0 level. Right now, it is still bearish. Will Bitcoin break or bounce from the 2984.7 support? Let's see when price gets there.

CDaley91

Price broke out of September's descending trend line and was rejected by that 1.14570 psychological level (resistance). Now, price is floating around in that demand area. Overall, we see a inverse head and shoulders pattern, indicating upwards movement.

CDaley91

As we can see, price broke outta that downwards trend line, but failed to break and close above the 1.72000 psychological level twice. It has been ranging since September and price is now sitting at support (March 2018's downward trend line became support). Let's see if price can break above the 1.72000 or break below the 1.66000 level.

CDaley91

As we can see, price formed a descending channel and bounced off the Monthly Support level of 110.950. Price made its way to a supply/demand level and bouncing off it with a Fib retracement level of .50. I have my target set to 110.000 and my stop loss at 112.250

CDaley91

Gold broke through the monthly support level of 1287.60 and bounced of a level of previous structure 1247.90. Let's see if it returns to a level of minor structure or in between the .618 and the .786 Fib level in confluence with monthly resistance of 1287.60.

CDaley91

As we can see, GJ broke past the weekly resistance level of 148.870. Price bounced from the monthly resistance level and 0% Fib retracement. Price broke out of the first descending counter trend line and is at the second counter trend line. Let's see if it'll break the small ascending channel confirming more bearish movement.