its decision time for XRPBTC The bulls are waiting for a bullish candle stick off this support zone right now we have some wicks to the downside showing some bulls in action however if price action closes below support zone we will continue to sell off with high probability against BTC. Waiting for the confirmation of a green bull hammer or an engulfing...
We have a lot of technical indicators to get short here at the right time. Starting from the Daily chart we have an indecision candle or doji outside the bollinger bands. We also have nice RSI divergence and after a parabolic rise it seems a pullback is likely. The 4hr chart shows a bearish engulfing candle showing the bears are coming to town and the bulls are...
We have nice RSI divergence here. Daily shows a morning star pattern off previous support We had FED catalyst recently which has sparked some buying in stocks SP500 looks to rise again. 4hr show market structure changing with a HH formed. Nice place to long. stop below lows.
We are still creating Lower highs and Lower Lows. If support breaks we move to 7000. RSI reached the weak region. This means more weakness is likely to follow. Its not until we have divergence where price moves lower and RSI gets stronger that we look to buy. Keep it simple and trade what you see.
GBP sets up a nice long here. We have an impulse up after the FEDs comments. 4hr has turned green and we have pulled back to the 38.2 fib which is a very bullish region. RSI has reached the upper region which means GBP is strong and going to get stronger. Inverse HS formed also, I don't have it drawn out but anyone can see it. You can wait for the bull hammer...
Daily chart shows Bullish engulfing off Support zone in green 4hr chart has double bottom and RSI divergence Market structure showing Higher High. IF theres a BULLISH engulfing candle off the 38.2 fib this would be bullish (hyper) and a buy signal. Wait for confirmation by seeing where the bulls are in control of price action. It could be previous zone @ 61.8...
Bullish engulfing off the trend. zoom out check 6hr. tweezer bull hammers. Long with stop below support zone.
Market structure HH HLs. Trend continuation. Stop as shown. Target adjusted with more market information.