Hey famz, we got the big bounce on the daily support trend line we were hoping for, I want to see a daily close above $42,000 resistance as the next target price, possible confirmation is not a bull trap.
BTC daily closed above support trend line which is a good start, important to see how this daily candle goes, very important.
Have adjusted the daily BTC chart as now BTC is forming a ascending channel pattern, keep an eye on the main lower support trend line for signs of a daily close which would be bearish and we would see most likely a decent dump. I would rather see a hold above and some increase in support volume to begin heading to the upper resistance trend line.
As per previous post BTC has done as we suspected and here we are testing $40,000 and the support trend line, this is a very important, I would really like to see a hold above the orange support trend line which is required to see a trend reversal to the upside in the short term view.
With BTC not holding above the resistance trend line to flip it to support we are now back in the wedge formation and think we could be looking at a retest of the support trend line around the $40,000 level possibly. $42,000 current level has in the past been a decent support & resistance level so could even find support here.
BTC needs to find some support volume over the next 4 hours to close above trend line, otherwise my short term BTC outlook will be bearish.
BTC retesting resistance trend line turned support, need this support to hold and ideally bounce with volume as a close below will be a very short term bearish signal.
Update on previous posts but trade target hit and great result of course mid term more to go for SOL.
Super pumped about this AVAX trade, just so solid and for me is just a matter of time for the target.
As posted last night we had the retest of resistance trend line which we wanted to hold and bounce, this has now been completed. Great to see, want increase in volume and continue in this uptrend now.
BTC is retesting resistance trend line looking for hold and bounce from here on the daily.
SOL has passed some minor resistance levels and now is gaining momentum. The trade is healthy and heading towards target over coming days.
AVAX has broken out of the wedge formation, completed the retest and now we hoping for the nice bounce with volume as you can see our entry. Lessgo
Ethereum is also likely to hit some resistance like Bitcoin at the 200 day MA and possibly a pullback/retracement, possibly to the original resistance level of around $3,300. I think this could be healthy. Lets see how ETH handles the resistance. May just power through.
AAVE trade completely smashed with 50% profit taken. Hope everyone is getting value from the trades and TA.
Ethereum trade is up a whopping 17% profit in only 10 days. This swing trade on the ETH was confident and big. Great so far and still onto the target we go.
BTC - The 200 day MA which will give resistance and already starting to, could see a pull back worst case to retest trendline of wedge but we may not see that big a entrancement. Also could even break resistance here and then $50k even level next resistance. Just trade carefully.
We have entered SOL after the breakout of falling wedge formation and close confirmation. Looking for a 30% profit this week.