Looking at the chart. price gas retraced to a key level abd i am now looking at a nice long position
Looking ay the chart i can see a nice long trade into the upper trend line.
Im looking at the chart and see a nice short into the next resistance level
If you look at the chart, there are lots of reasons why i will be taking a long position on bitcoin. We have a falling wedge pattern which also had a false breakout afollowed buy a bullish breakout of the falling wedge patter. I will be looking at the daily resistance for taking profits. Good luck!
As we can see from the chart, JASMYUSDT has reached a daily support level. After a big push into support it created an inside bar. The following candle has created a false breakout from this inside bar and this can be a great signal for a trend reversal. I need to wait for the close of this bar to add confirmation to the trade. If this candle closes as a false...
Looking at the chart we can see that XMR broke through the daily resistance (purple line). Shortly after it produced a nice inside bar followed by a breakout from the inside bar. This can signal a reversal of the trend. For further conformation it has produced a rising wedge pattern, which is also a reversal pattern. I'm opening a short position looking at the...
As we can see from the chart STORUSDT has reached the daily resistance level (Purple line). Looking at the price action we have a nice pin bar which closed below the daily resistance. These candles are a strong indication of a possible reversal. More conformation is a rising wedge pattern. This is a reversal pattern also, and the top trend line also...
As we can see from the chart STORUSDT has reached the daily resistance level (Purple line). Having already got a rejection from this level, it has now retraced into the 4hr order block and created an inside block candle followed by a false breakout candle. This is a strong reversal pattern. I will be looking for a short from this level into the previous lows. ...
Bitcoin has reached the 4 hour resistance and got rejected. It retraced to the resistance order block and has produced a nice longed wick candle. Im shorting into the next resistance level, which is also the dynamic resistance.
Bearish divergence on the rsi. Plus a rising wedge pattern into resistance could mean a breakout to the lower resistance levels.
After a big push yesterday the USD may be about to drop significantly!