buy side liquidity was tapped and the market direction became bearish, previous resistance level was respect so im looking forward to the market carrying on in a bearish manner
sell side liquidity was swept and the market became bullish, currently waiting to see if the current support level will be respected
sell side liquidity sweep and the market had positive sentiments, if our support level 30560.00 is respect it would expect a clear retest at the all time high
upside liquidity sweep and the market gave us a bearish pattern on the lower timeframes
we have double top formation busy forming on the higher time frames i.e month which can also be used a resistance level and is also taking the form of a expanding triangle on the current market i.e daily and the 4 hour time frame
we reached a high value area on the higher time frames and formed a falling wedge which has also evolved into a double bottom indicating that price is gonna rise
following the dollar index i see the dollar gaining positive sentiments in the next coming week
currently at a point of interest and we're forming what seems to be a rising wedge and we can anticipate the market to be bearish and can already that to happen in two different scenarios
overall the dow jones has bullish and its been giving us bullish patterns like the the inverse head and shoulder which was just filled, i currently see the dollar gaining a few positive sentiment which will fill the current phase we're in on this stock
really not much to be said here my analysis is solely based on chart pattern and signification level in the market
based solely on charts pattern and the dollar index as well as this pair, i see the dollar collecting a few positive sentiments in the coming week
rising wedge followed by a breakout and we're currently awaiting a bearish continuation pattern
basic impulse, correction, impulse and the market evolved into a rising wedge before with return to the initial direction, we're currently in a correctional phase on lower timeframes
not much has changed with this pair its doing exactly what i anticipated since last year.
based on charts patterns and comparison to the dollar index i see the bulls stepping in a making a correction which results in bitcoin having a short position before returning to the upside
Following basic technical rules theres really nothing special about this pair, it just goes the opposite direction of the dollar index