BTC been very interesting, testing first potential bounce area of 3 marked out. historically December is more of a sideways/downwards month. most previous Decembers end at roughly the same level they start at. large buy walls showing up at 17.5k across all exhange. Average monthly return for December is actually 4.33% but for the last 8 years, 5 Decembers...
Big sell volume 20k, need to retest previous monthly ATH all that good stuff see you again at 16k
After the sharp fall in price, gold has been slowly reclaiming some ground in what looks to be potentially only a short term retracement. From here we can expect to either see gold swiftly reclaim 1800 and reclaim higher or what I think is more likely for the short term; a sharp rejection followed by another sweep of the lows. If we take a look at the volume...
hidden bullish divergence on M15.M30. Waiting on a break of structure shown on the top slide in which I'll scale into a long. Holding until overhead resistance.
Currently struggling at 6.1-6.2k level with MA and EMA convergence, pressure from macro trendline above, fibonacci golden pocket and the MACD is currently approaching to 0 level which is often where reversals occur. A weekly close below 6050 provides a strong short bias, breaking the 6.2k level with a weekly close invalidates this idea.
Still trading within this massive pennant formation, currently being rejected off of the top nicely. If we see a weekly close below the $9,000 level then i think it's quite likely that we see the 7k level being tested and possibly the 5.5k level as well
Currently rejecting previous daily highs and testing the MA ribbon as resistance
Overall downtrent, M15 made a LH at resistance and fibonacci level, expecting further price drops from here
Currently resting on major support from H4 EMA Ribbon, Fibonacci 0.382 and previous resistance level flipped support. I'll be monitoring this pair closely on opening to look for an entry
As we can see we recently had a strong impulse move to the upside, bringing us all the way back up to $7,660. However, The potential of a bart pattern forming concerns me. At the moment we are in the consolidation phase of what could be considered either a bart pattern or a bull flag. However, given that we are coming up into the heaviest resistance zone we...
Clear H4 support broken, currently retesting. M15 is consolidating at resistance while also in a bear flag.
recently had a 5% drop, now inside a bull flag, rejected by M30 50MA, looking for shorts as shown