BTC is currently testing daily trend line resistance, it was good to see a daily close above the $24,300 resistance now a close above trend line resistance would be quite bullish.
Here focusing on the daily chart for Bitcoin, I am still in my long position and like the ascending support trend line, unless we close a daily candle below this, I am anticipating testing horizontal resistance as we have this short term trend reversal to the upside.
BNB testing long term trend line resistance on the daily time frame.
Nice inverse head and shoulders formation on SYS with a close above resistance. Along with BTC & APE longs we have entered SYS to complete our swings here.
We got the hold and bounce as we hoped, looking for volume now. lessgo.
As we can see, a nice inverse head and shoulders we have been watching, locked and loaded when confirmed.
Looking for support level on the hourly to hold, this would be a good indicator for short term for BTC.
After the breakout of falling wedge then the predicted retest and bounce we are now looking for a daily close above $24,600.
BTC Update, we have clear daily close support and resistance trends, looking for a breakdown or breakout and close above to determine next move.
BTC with a nice inverse head and shoulders, trading in our initial support zone, expecting nice upward trend confirming the formation. Positive chart.
ETH with a nice inverse head and shoulders, looking for a bit of a pullback and retest of neckline for a swing position.
My buy range has been triggered which is between $22,000 and the 2018 bull run high of $20,000. I am quite bullish on a significant bounce from within this range.
Great to see we got the nice bounce from the second retest of trend line and have broken 200MA resistance, want to see close above $32,700 to confirm the complete trend reversal to the upside. A bounce off the 200MA and bullish cross of the MACD would be great to see.
As per yesterdays post the 200MA and horizontal resistance needed to be broken before we got excited and saw a huge rejection from them, want to see a bounce of the trend line (break out and retest then bounce etc.
BTC has broken out above the descending resistance trend line however we want to see it close above $32,700 horizontal resistance and 200MA before getting too excited.
Here we are famz, as per posts leading up to this point we are now testing the significant resistance trend line on the 4hr and we have seen decent volume, our long in play is going well, and a breakout here is what we were hoping to see. Time will soon tell.
BTC - Its Crunch Time which way will we go - Pump or Dump. I say Pump, based on institutional money entry at $28,000.
Looking for a nice pump as we get tighter on 4 hr with BTC to test trend line resistance and hopefully a breakout, another rejection could see a decent dump potentially.