Alerts are set at trendline and the Weekly Control Candle Lows. A weekly close below our weekly candle and the medium-term trend reverse to bearish. Will we get decent support? FOMC today. Hopefully, there is some info on interest rates and the dollar.
Price is trapped in the WEEKLY Control Candle and make a test of the lows again. Couldn't close below on a weekly close and is slowly moving up. Depends what BTC is doing, but a break above the resistance will trigger a buy.
After price moved down, it broke out of the downwards structure. Broke out and came back to test it. Trend changed from down to up. First target is 1.20 Stoploss below my Weekly candle.
For 3 weeks bears have been attacking the low of the Weekly Control Candle, with no luck of closing the week below. Looking for a W formation and price respecting higher highs to pull the trigger.
Price retrace to the Weekly Control Candle lows. Sellers tested it multiple times, but looks like buyers are winning. Broke out of the consolidation, making a higher high. Testing the break out. Bit late at night, but will look for entries tomorrow.