bitcoin long trade setup , not much detail to the analysis , price is respecting bullish trendline and is still showing bullish momentum , daily and 4hr demand zones are in control (supply and demand imbalances + Price action.)
price is in a bearish channel , price gave a third touch at the bottom of the trendline giving way to long opportunities. price rallied to the upside and broke out of bearish trendline still inside the channel pattern. currently price is in a pullback phase and reacting to Daily demand CP @ 23.51730 where I executed long orders on the precious metal which targets...
price is in a bearish channel and gave us a reversal at the bottom trendline pushing price to the upside , it then reacted to a 4hr demand zone @ 1.68938 , from my analysis I am expecting price to go long to a 4hr level on interest @ 1.69805 which started as 4hr support level , it is a major level as price validated it as most moves happen at the level.
on Thursday 28 oct.21 price showed several rejections on a bullish trendline acting also as resistance , price failed to form a full OHLC candlestick indicating breakout or even close above the trendline. bullish momentum came into play and the instrument pushed to the downside. currently price is reacting to a liquidity pull and is showing of an overarching...
Price gave us A THIRD TOUCH ON BULLISH TRENDLINE , pushing price down after several days of it rallying to the upside , MORE BEARISH MOMENTUM EXPECTED WITH A RISK:REWARD 0F 1:2 WITH TARGETS AT LIQUIDITY POOL RANGING FROM 7164.0 TO 7140.6 .
for the past few weeks NASDAQ has been rallying to the upside , this week it set a new record high @ 15790.1 , after price dropped a few points showing that bearish momentum is coming into play as price also closed below daily prev high @ 15706.5 . I am expecting price to push more to the downside to retest daily demand CP @ 15424.5 and consolidate a bit before...
price is currenctly reacting to a key supply level taken from the daily timeframe @1.16225 , if the level is strong enough it might cause bearish momentum to get into play and push price down to daily demand level @1.15494 which may cause buyers to get into play as its the level that broke our bearish tendline. another scenerio might be price continue to go up to...
gold short. supply and demand incombination with price action. price is reacting to a 15 minute CP supply zone and a nested peak in 5minute timeframe , with anticipation that bearish momentum will start to kick in the market driving price down to an none fresh zone in 15 minute.