Weekly trend: Uptrend Daily trend: Downtrend Curve/Proximity to weekly zones: LITC, approaching weekly demand Opinion: Good shorting opportunity, but can long once demand zones formed
Weekly trend: Uptrend Daily trend: Downtrend Curve/Proximity to weekly zones: Entered weekly demand zone, LITC Opinion: No strong 4 hour zones in demand. If it breaks the weekly trend then it would be a great time to short when price enters one of the supply zones.
4 hour downtrend, Weekly uptrend, just touched the bottom level of weekly uptrend, might start reversing.
Might be the end of the uptrend and beginning of downtrend. Price reached weekly supply zone, looking to sell
Curious to know whats going to happen. What do you guys think? Snap of daily:
4h downtrend but low in the curve (close to weekly demand)
Bitcoin looking uptrend and seems like a good opportunity to long at 5554.
Daily trend went from downtrend to uptrend in mid 2017. Really fast uptrend but seems to have slowed down over the past month. Keep watching for the trend and see if there are any changes. Close demand zones are really HQ too
Downtrend in the daily timeframe changed to a sideways movement. Could be another continuation of an downtrend or complete reversal to an uptrend. Whatever the case may be, follow the trend. (If downwards, short. If upwards, long.)
Seems like GBPUSD has been having an uptrend for some time and could be entering some sideways motion for a short period. LTF: 4 hours ITF (trend): Daily HTF: Weekly Red trendline: SL Black trendline: Entry
Daily timeframe shows an upwards trend. Think to go with the demand zones unless the trend changes. HTF: Weekly ITF: Daily LTF: 4 hours (Where I picked the zones)
Heading to a downwards trend in the daily timeframe. Good opportunity to short, once price enters a zone. Would avoid going long if the downtrend continues. Red box = Weekly supply zone Green box = Weekly Demand zones Blue boxes = Daily supply/demand zones Black trendline = Entry Red trendline = SL Target can be 2:1 or 3:1 depending on the level picked. Might...