This is just a simple definition of a trending Market. A down trend Market intend to make lower lows and lower highs. The interesting part is that every support broken becomes a resistance. Right now the BITCOIN is sitting at that previous support that became resistance. It was a big month of March for BTC with a massive candle stick, now it's a new month, new...
*Down trend, series of Lower lows and lower highs continuation. *The last swing sell retraced 50% and the target is taken from the top of last swing high to the value of the 1.00 of the fib extension.
A potential head and shoulders formation. The trend looks exhausted and a potential lower channel deman zone touch.
TRIANGLE TRADING . BOUNCING OFF CHANNEL .
Flag breakout . Leg one is as equal as leg two for a minimum target
MARKET CONDITION : TRENDING . RETESTED AT FIB 0.618 , WE ARE EXPECTING THE PAIR TO HIT THE 1.00 FIB EXTENTION AND POTENTIALLY HIT THE 1.618 AS FINAL TARGET .
WE ARE IN THE BEARS MARKET AND THE DONWN TREND IS MAKING LOWER HIGHS AND LOWER LOWS AND THE WAY OF THE MARKKET TO DO THAT IS BY RETESTING PREVIOUS LEVEL AND WATCHING A STRUCTURE ON THE LOWER TIME FRAME FOR SWING ENTRIES. THE INVALIDATION OF THIS SETUT WILL BE ONLY IF WE HAVE A BREAKOUT OF THE HORIZONTAL RESISTANCE AND A POTENTIAL RETEST .
We are in an uptrend and we buy dips and breakout of channels
Retest of the neckline of the head and shoulders that was formed in the previous dip . Currently setting up a new head and shoulders on Lower time frame for new swing entry
potential head had shoulders pattern after retesting key level
Gold seems bouncing off the lower channel of the Pitchfork and we are targeting the top of the pitchfork channel
THE PAIR RETRACED AROUND THE O.618 FIB LEVEL AND WE ARE EXPECTING A TAKE PROFIT AROUND THE 1.00 FIB EXTENTION FROM CURRENT LOW FOLLOWING THE PRICE ACTION BASED IN RECENT HISTORY.
THE PAIR IS TRADIND IN A TRIANGLE WE ARE LOOKING FOR A BUY STOP MARKET ORDER TO TRIGGER THE TRADE AND TAKE PROFIT AT THE TRIANGLE RESISTANCE
THE PAIR IS CONSOLIDATING IN A SYMETRICAL TRIANGLE , 4TH WAVE CONSOLIDATION ; A BREAKOUT AND RETEST IS ADVISED FOR ENTRY.