Currently holding my sell position until around the 0.76200 and will be looking to add an additional position based on how the market opens and reacts. The rest of the details on are the chart. Happy Trading!
Watching for breaks and closes above or below support/resistance // MRZones. Happy Trading!
From my previous post you can see BTCUSD has completed target one on the Cypher pattern, now I'll be looking to take another position based on how price reacts to the trading range price is currently in. Either a breakout to the upside or a continuation to the downside, hitting target 2 on the Cypher and/or continuing for fresh lows. Also, if you like the Rick...
Gold has broken out of its trading range and is now retesting prior resistance as support.. Feel free to comment Happy Trading!
BTCUSD Bearish Cypher Pattern Spotted on the 1 hour Updates will come as price continues Happy Trading!
Breakout, prior support finds broken through and retested as resistance. Watching the 4 hour and daily close for further confirmation to enter another position. Happy Trading!
Last week's target @7,500 was nicely reached and met with a bounce back to the upside. BTCUSD is sitting around the 8,500 level right now. This level is both psychological and sitting right at the .786 which has shown to be a strong support/resistance & MR zone. What I'll be looking for now is a strong close below the 78.6 or a possible touch & retest of the...
ETHUSD has reached a critical support and major price reversal zone. If you look left, you can see why. If price can break and close below this level, price will likely go down to reach targets on the bearish pennant I posted in my last ETHUSD post -- which would take price down to about 500. At 500 is where I'd either be looking for a major reversal or a strong...
Everyone is waiting on BTC. ETH Forms bearish pennant. No need for additional comments. The price says it all. Happy Trading!
As you can see on the 4 hour BTC chart, price breaks the neckline of my previous post-- retests and falls back into the downward trend. As shown on the chart, price is forming a bearish flag pattern, which if completed would more than complete my target for the double top created last week. Only time will tell.. Until then Happy Trading!
An update to my previous BTC post.. Details are on the chart. Updates will come as BTC continues on its glorious journey. As always, Happy Trading!
While BTC has broken the major downard trend-line and does seem to be making its upwards ascent, it's also important to take note of what we have seen in terms of technical levels. From a swing low to swing high, we see BTC makes a deep retacement of 78.6, rebounding off of that level in conjunction with the 200 Daily SMA in a textbook fashion. However, it is...
Details on the chart. Awaiting further confirmation. Happy Trading!
GBP/USD breaks and re-tests the trend-line. 61.8 previous support zone is also now acting as resistance. If these resistance zones can hold, we may see a completion of a the Gartley pattern as shown on the chart.
Respected trend-lines guiding E/J's path into an Elliot Triangle Wave, which would complete its last move. At the very least, a retest of the daily 200 MA and the 38.2 zones marked on the chart.
Details are on the chart. I'll update as market moves.