As per the analysis its making a clear trend line and also no divergence is seen, so clearly it will be good to long btc as per the FB retracement we can improve the entry and exit
As we can see the ABCD pattern , this can be long call, as the bearish trend is forming.
This Pair can be short as per the AB=CD pattern, we can see forming a down trend.
As we can see that the butterfly pattern is appearing, so as per that we can place instant order and execute the trade
Using Dow Theory and checking RSI if there is a divergence - Picked up this simple trade based on trend analysis
Analysis on BTC - As we can see the double top and divergence as well so should be reversing in the trend to bearish
Falling wedge is closing and divergence showing the trend reversal to bullish
Using head and shoulder method - pointed out the trade and suggesting a short call.
Using Support and resistance method determining - Sell Limit.
Using support and resistance - we can place 2 orders both buy limit and sell limit.
Using support and resistance level- we find out the optimum place to place the order.
Using support and resistance order placed based on S1 level.
RSI indicator shows that the bullish trend is false.
As the RSI is reversed so the trend is reversing cant trust the trend line and bearish trend.
As the trend shows proper LL and LH and using FIB we determined a better sell position.
As the trend is bullish, using FIB to determine the buy price.
AS per the analysis the trend reversed and its a bearish trend now.
Showing bearish trend as pr HL and LL and still looking that sellers are in control
