Swingchartinglab

02:52

Swingchartinglab

Price is currently rejecting round Psychological level 59k which is a strong area of interest (AOI) since this zone has been holding multiple times in the past since 2021. We have so many confluences to continue selling i.e weekly & daily timeframes are still bearish. Were rejecting 50-61.8 fib golden zone just to name a few.

Swingchartinglab

Overall, the trend is still bullish from w1,d1 & h4. Price has been making HHs & HLs going long and what we're currently seeing on H4 is just a mere retracement when we pull out the fib from our previous HL. H4 rejected our area of interest (AOI) 16078 and closed back above it. The zone 16078 has been used as support & resistance previously & H4 just rejected...

Swingchartinglab

gold initially broke our area of interest (AOI) 1903.955 while heading down and closed back above it on the weekly. This level is a a strong AOI since its been holding as support & resistance from previous months. It closed with a long legged doji both on W1 & D1 which is a strong rejection candle. A shift in market structure happened when there was a formation...

Swingchartinglab

Another break & retest 📉 Looking at the weekly time frame we're still in a bearish condition Level 32800 was broken & a retracement to this level has been met with strong rejections from 1W to the 5M The 1D clearly indicates this with a bearish engulfing pattern together with rejecting our 50 EMA *Note 🗒 32800 is a major significance level which which have been...

Swingchartinglab Updated 

strong resistance which has been tested several times on lower time frames . we should be heading down w/o any hindrance

Swingchartinglab

_looking @1W timeframe btc has had a huge_ bullish surge to the upside. there is a possibility it'll retrace into the previous res turned support zone of 24413. I need to see this zone holding as support before taking a buy i.e rejections in this zone. Another possibility is to wait for retracement into 26021 on 4H TIMEFRAME which can be previous resistance...

Swingchartinglab

A simple break and retest targeting previous daily high of 26558