IRcrypto101

IRcrypto101

On the weekly time frame, the FTM is above the 50 EMA, each time the price touches the Moving average respects it and has a nice reaction, on the other hand, price action has a clean change to a bullish trend and if price retraces to previous high or touches the 50 EMA, it could be a good opportunity to go long!

IRcrypto101

At the end of uptrend we see a wedge pattern and bearish choch, we can use 2 to 3 leg to take a short trade!

IRcrypto101

We have a downtrend with a wedge pattern at the end and change of bearish trend, we can use 2 to 3 leg and go to lower time frame and wait for bullish choch at lower time frame! at the end this is not a higher time frame trend change and our higher time frame for analysis is 1H time frame.

IRcrypto101

Bitcoin has broken a fundamental level on the 4-hour time frame and can make a possible opportunity for a short-term long position. be careful because the long-term trend is still bearish and this can be a bull trap!

IRcrypto101

Gold Price action shows an opportunity for possible short, the triangle shows resistance zone and the macd indicator has a hidden divergence all the signs for downtrend continuation. for entry, we can wait for structural change in the lower time frame

IRcrypto101

with daily timeframe confirmation Bitcoin possible path could be one of two scenarios

IRcrypto101

Gold has an interesting movement it shows signs of a reversal!

IRcrypto101

The downtrend structure could make the price another downfall!

IRcrypto101

Due to the break of an important support area and downtrend structure, it's possible to see another push down!