Question : Is this the level for a major save in the Bitcoin Market. Answer :I Hope So... Bitcoin has been a painful for a lot of traders, retail and corporations. But I plan on watching this level. ps. Im sorry for the colors. Did this on my phone. Its hard to get fancy. COINBASE:BTCUSD Yellow Fib is a 61.8 Extension where price can react due to price...
As we look at the charts, we see price hit Key Fib levels and the Trendline. At the beginning of the Feb 21 week, we are at the trendline and a Key level that has been rejected 3 times. If the bulls give up trying to push price above the level, we look for price to drop to 1.87090 (TP3). I would enter for buys until price hit the 1.8640
The market is in a triangle on the Weekly. -Price tested the Key Level (Dark Purple) in the rally from the support trendline. If the bulls prove to be in control, it would be on the retest of the minor resistances trendline . (Price can react to the small "Key Level 2") Buys can present th emselves at the trendline of the low of the last week. Looking for...
Smokey the Bear may be showing up to put out the rally on GBPJPY. As we look at the charts, We see a short retracement on a major move to the downside . We draw our current channel(RED) and identify previous support (BLUE). We notice that The bulls are losing steam getting stuck around the 50% level on the Weekly Fibonacci, & The RSI is at a major 50% level...
If Price breaks the 61.8. Wail for buy set up in the Buy zone. (buy on retest of top of blue zone. Move SL under TP 1 zone after TP1 is hit.
US30 1D Timeframe The market is losing bullish momentum. Possible Head and Shoulders may form over the next week. One (Red) RSI Divergence on the daily timeframe. Two (Yellow) Price was in a range before price pushed to the -61.8 and created double top on the RSI. Three (Grey) Price hit the top on the channel. And make correction to the bottom of the trend,...