this pair created a head and shoulders pattern it broke. the neckline and retraced to previous resistance. we are looking to trade off the previous resistance.
This pair created a higher high and a higher low so we are looking to see how it bottoms out for entry long.
THERE WAS A LOT OF PANIC SELL OFF IN THE MARKET IN THE PAST WEEK. WHICH BTC PRICE DROPPED TO OUR LOWEST SUPPORT LEVEL AS INDICATED WITH HUGE REJECTION TO DROP ANY FURTHER. WE TOOK IT AS A SIGNAL TO RE-ENTER THE MARKET.
WE SAW CRYPTO HAD A SHARP DECLINE IN THE PAST WEEK. WE SAW IT AS A CHANCE TO GET IN AT THE LOWEST PRICE AGAIN.
Price came back to structure and formed a big bearish engulfer at the resistance level.
looking at shorting this pair. -Price broke through a significant level of support and looks to be retesting the support before making a further impulse move down.
This pair looks like it has entered a down trend. on the daily chart we saw a bearish pin bar form -Now we wait for price to trade below the close of that pin bar for entry.
Bullish Engulfer at support, waiting for price to trade higher.
We are anticipating the formation for the second shoulder with this head and shoulder pattern. The RSI indicator also reveals to us that price is oversold and a buy can be expected. For entry we will wait for the breakout of the red trend line to go long.
We are looking at possible movement to the downside around this diagonal resistance level. Now we wait for it to give us a sell signal for entry. if not it may break that region and continue to push higher.
We se this pair making progressive higher highs. We now see it currently forming what seems to be a higher low.
We’ve been watching this pair drop for a while now. Now we wait to see if price will break the trendline. If it does break then we will enter a short position.
Daily: As we can see price has reached major support level. using the trend line bounce strategy we see price making its 3rd touch/bounce off the streamline ( the more it touches the stronger it becomes ) we also see a catalyst on the daily chart. a bullish kangaroo tail candlestick. for entry we wait for price to move above the high of the catalyst candlestick.
Price seems to find consistent movement within the channel. now we look at a potential support bounce to the upside.
we see the pair possible continue the down trend in the similar pattern
Update Price pulled back and now created a sell signal with a bearish pin bar on the hourly chart. now we can see price make its way down