After Bitcoin has reached it's perfect 1 to 1 it's the first time since previous ATH break that we've found meaningful resistance and also and area to which profits are being taken. Looking to DXY for confluence you can see the inverse correlation between the two. With DXY finding a macro support and forming similar market structure as to its decrease over...
Keeping orders open for this, Entry $1045 SL $999 TP1 $1307 TP2 $1454
The current trading range has been existent since September and just had the volume come in to confirm spring. Multiple targets to the upside at the 161.8 and 261.8 the latter is also close to a major monthly level.
The current trading range has been existent since September and just had the volume come in to confirm spring. Multiple targets to the upside at the 161.8 and 261.8 the latter is also close to a major monthly level.
Entered trade with trend based on - trending along the top side of the channel - trending near overbought with the Bollinger band Fib - Spectro Oscillator reached overbought - UTA also indicating bearish volume - blue section on the oscillator indicating optimal entry
Entered trade based on - Oscillator about to cross zero line - The last candle is a shooting star right on resistance - UTA starting to round off as it nears overbought -
Entered trade based on - testing out UTA strategy following the BLUE indicator, from the last 5 blue indicators below 0.95 on the UTA an increase in price has followed by up to 831 pips in one case. - we're also nearing the end of a falling wedge - also, the price has found support on a weekly support range which is right on the 88.60% Fib retracement
Entered trade with trend based on - expecting USD to come into some strength this week check DXY - falling wedge formed (still waiting on entry) - entry is on 61.8 FIB - the oscillator on the daily has reached oversold and moving back up - UTA starting to turn around - looking to take profit at top of range
Entered trade based on -oscillator eaviliy oversold -UTA bearish -
Entered trade based on -price trading at the top of the channel -UTA and oscillator signalling overbought - spectre cloud fully formed -
Entered Short based on - Reached top of sort term range -down signal -
Entered trade based on Candles -Bearish engulfing candle Indicators -4 Warnings indicated now -Blue highlighted area indicates reversal incoming -X confirmation (Red triangle) indicates oversold -UTA = Volume change
Entry with trend based on Entry off the previous range low and stop loss on the top of the down movement that pushed price through support. Indicators -Spectro-Oscillator zero point cross -UTA bearish volume coming in -Spectro M2 in a clear down with a warning signalled
Entered trade with trend based on Candle Theroy -Tweezer tops previous 2 candles on H4 -Bearish engulfing on H6 Patterns -Almost perfectly formed bear flag Indicators -Oscillator and UTA indicating heavily overbought -Spectro clouds and warning signaling reversal
Entered Short in a ranging market based on Candle Theory -Bearish engulfing on 4H at weekly resistance -A shooting star on 6H at weekly resistance Indicators -X confirmation (Red & Green Triangles) indicating overbought and near the top of the move -Spectro Clouds confirming price movement down to 0.68250 -Oversold on BB Fib -Oversold on Oscillator -