Valid pitchfork= center line ,lower line and upper line is resepcted. If price fail to surpass the center line then we can look out another 2 buy zones mark as green on the chart
The price is now on the previous resistance with the 3rd degree divergence sellers might show at this price. Fractal Candle is now visible on 1D.
Using fractal flow startegey and contextual analysis
No need fo further explanation. I trade in simple ways please do read my explanation it is on the chart. Any feedback is much appreciated
Price breaks the previous resistance and it is now going to the next supply. Market now is oversold and a tight stop loss is a good idea. Comment down your thoughts!!
As you can see we draw some Modified Pitchfork below..... Price must not surpass this level or this TA will be invalid but my bias is bearish (divergence). In terms of stoploss we place it few pips above the recent hhigh wick. This trade is a small risk high reward. Happy trading folks yuh
Sand gearing up. As we can see we have form a adam and eve pattern but not only that we form also an double bottom and a possible cup pattern. If we broke up the resistance level we will see the market goes to the grey area
Is buyers now exhausted?. We can expect a reversal from our key levels. If price failed to bounce from there it means sellers dominate the market. We can enter a short now with a tight stop loss
price needs to bounce at our key level 0.618 if price fails to bunce at that level we can expect a major dump. If price bounce we can expect a new ATH then we can sell there.
CHART PATTERNS- CUP AND HANDLE = buisk heorying opportunity at handle. The c.onfirm breakout will be at the top of red line. Our targets is shown at the chart. NEW ATH? we will see taking some here
Cup and Handle?. If we break above the red line we can expect to have a new ATH if we get rejected we will be seeing each other at the bottom. Its a battle against bear vs bull. Who so you think will win ?
As we can see here we have a bullish divergence clearly in RSI. If we zoomed it we can see a reversal candle called fractal candle. Our targets can be at the intersection f the resistance line. If we broke up above that we can expect that we will be reaching its highest. This TA will be invalid if the candle falls the pitchfork line. BTC is too playful right now....
As we can see here we have a lot of selling pressure.My confirmation is RSI MAC D. My TA is based more on price action. IF we go down below the median means we are going t its support (TP3).We can expect a consoolidation though.