Bitcoin is currently ranging. Prices reaction point is around 37,000. When price touches 37,000 area it either buys or sells into the top or bottom of the current range. BTCs price looks to have a current time cycle. Sun-Tue looks to be common buy days within price looking at a 4HR chart. Thu- Sat are the sell days within prices current cycle. An example of...
Price has broken above its current range and is attempting to settle above it to continue its present uptrend. 1W supply zone possibly in play if support is confirmed.
I am observing price in its current area to see how it will react off of the blue bottom box. A break below the blue box could be an indication that price wants to go lower, wicks into the zone or hovering bodies of candlesticks would indicate the opposite. Zooming out to the 1M chart price has created a range so ultimately I will be waiting for the decided...
Examining price of EUR/AUD Price is still trading within 1D market structure (previous market structure high broken.) Market structure breaks are a useful signal for determining which way price wants to go. 1W shows price closing above demand zone with a long healthy wick dipping into the zone. (stop run potentially.) If price would have closed deeper within...
Examining price of EURAUD Potential buy. Potential double bottom in play with price making higher low on the 1D chart. 4HR market structure high has been broken. 1W and 1D show potential swap zone with price preparing to head back to 1W supply zone. Price is staying above current demand zone with only wicks touching the zone.