M is forming at the monthly, the emas are closing in, the move might continue past the pink area, but i think its a safe TP
I think a new bear move is on the way, the weekly level is supp turn ress, I think it might stop on the pink area, but this idea i feel confortable with if the candlestick formation tells me so
continuing the trend, supp turn ress, small move, stop just above the previous significant LL
A bounce on the monthly then might break back to the supp
Bounce on the trendline, supp, candlestick formations, if the ress breaks, longs might be taken
Not too much to add here, just an idea. Right now the price is at a resistance that matches the .23 fib level thats clearer to see on the 1h, the lower support zone matches a bullish trendline. The idea is: The price might come to test the support zone again, after that I think that the price might go to thest the other trendline just to go to the .38 fib and go...
BTC has pumped on the last day, but found resistance a few hours ago at a daily level, if we check at the macd its at overbought and the histogram shows an M, usually this hits a short if the price action confirms it like we have here.
Horizontal lines are important prices se see the RSI on overbought area + the price bouncing on and important zone, already took trade.
Horizontal lines are important price zones After making exhaustion candles, and bouncing on the the previously tested zone, including the RSI , seems to be making a Head n Shoulders pattern. If it breaks downwards, I think it should retest the neck zone to come down to the next price zone. PS: re posted it because I marked it as short
The price seems to be rejecting the zone, if we look at the RSI we have some confirmation, just an idea. BUT if it breaks lower, we should expect for the price to go to the next zone, might see a retest on the zone
Seems on to be rejecting the area, thats why if the price comes back to the marked level we should expect to come back the the marked area, the blue line in the middle seems to be a minor zone, and price might stall a little from there
Horizontal lines are important price zones After making exhaustion candles, and bouncing on the the previously tested zone, including the RSI, seems to be making a Head n Shoulders pattern. If it breaks downwards, I think it should retest the neck zone to come down to the next price zone.
Important price zones if it hits the red line and it holds, given the RSI, we should expect for it to get to the next blue line
We see the price bounce off from the support, might stall a little on the minor zones marked, but we should except for it to go as far as 1.29 . Be ware if it break to a bearish trend, manage risk properly