Daily: Bearish Trend H4: Bearish Momentum Bearish Probability
Daily: Bearish Trend H4: Bearish Momentum Bearish Probability
Daily: Bearish Trend H4: Bullish Momentum Upside Probability - Counter Trend
Daily: Bearish Trend H4: Bearish Momentum Downside Probability - Major Daily Consolidation Range
Daily: Bearish Trend H4: Bearish Momentum Downside Probability - Consolidation Range
Daily: Bullish Trend H4: Bullish Momentum Upside Probability
Daily: Bearish Trend H4: Bullish Momentum Upside Probability - Counter Trend
Daily: Bearish Trend H4: Bearish Momentum Downside Probability
The nature of markets is ranging, filling out breakout candles that have printed on the left.
Risk Reward. Flowing with higher timeframe structure, lower timeframes are correlating.
H4 price broke resistance, current market flow is bullish.
Higher timeframes are bearish - Lower timeframes are correlating with the HTF's. 48, 40, and under could be next Key Level Supports that could be broken.
BTC will need to reject a Support Zone and create bullish structure to create a bullish technical bias. If price breaks below the closest/relevant Weekly Zone / Key Level Support price could make it's way down to retest the 2014 high's where a Key Level Support resides. Price action will show the clues. BTC confirmed Bearish Trend for now.
Bearish break and retest of Daily Trend Line possibility. BTC is overall bearish currently. Bullish if price is able to break above 0.55 and retest previous highs - strong breakout situation. Strong support around 0.25
Currently overall bearish price action - possibility is higher for a break below and retest of Descending Triangle support. If price breaks above & retests Descending Triangle -> bullish. ____ Fundamentals = bullish Price = correcting after major bull run Long term = mooning due to new money entering asset class
Price Action Supply & Demand 4H Break & Retest transition - within bullish Daily trend
Price Action Supply & Demand