bitcoin at critical zone, what is next move?There is still a no trade zone for us. BTC currently trading at $36,000 and there is a strong support here. BTC is trading in a range bound $36,000 to $40,600 but couldn't close above $40k. Currently we are just waiting for breakout or breakdown and if you haven't seen my previous videos about BTC than go and watch it and you can prepared for both the scenarios. Whenever opportunity comes I will definitely tell you.
thanks for reading.
#crypto #bitcoin #technicalanalysis #trendanalysis
Criticalzones
XAUUSD GOLD DEMAND ZONESXAUUSD GOLD DEMAND ZONES - critical levels on gold. Watch how price reacts in these zones. Easy money.
CADCHF Sell IdeaH4 - Price is moving inside a bullish channel and has currently reached the top of it, bearish divergence.
H1 - We have two critical zones that has formed based on the fibo levels of the cycles, price has reached the first critical zone, we have bearish divergence,
Until this critical zone holds we may look for bearish setups with more bearish evidences in order to join the bears.
Alternatively if the price moves higher then the next area to look for sell setups with bearish evidences would be the second critical zone.
EURUSD Buy IdeaW1 - Price bounced from the 61.8% fibo expansion, bullish divergence.
D1 - Price broke above the two critical zones, bullish divergence.
H4 - Looking for breakout above the triangle pattern. Break and close above the most recent swing high would give extra reliability.
NZDCAD Buy IdeaD1 - Bullish convergence
H4 - Triple cycle completed, currently it looks like a retrace is happening.
H1 - We have two critical zones that has formed based on the fibo levels of the cycles.
Price has now reached the second critical zone, bullish divergence.
Until this zone holds we may look for more bullish evidences in order to join the bulls.
NZDCHF Sell IdeaD1 - Special or triple cycle completed, currently it looks like a retrace is happening.
H4 - We have two critical zones that has formed based on the fibo retrace and fibo expansion levels of the cycles.
Price has reached the first critical zone, we have bearish divergence, until this critical zone holds, we may look for more evidences of bearish pressure and then start looking for sells.
If the price moves higher then the next area to look for bearish evidences would be the second critical zone.
USDCHF Sell IdeaW1 - Price broke below the uptrend line, currently it looks like the price is retesting the breakout.
D1 - Hidden bearish divergence.
H4 - Price has reached a critical zone formed by the fibo level of the cycle and the weekly uptrend line, bearish divergence.
We may now look for more evidences of bearish pressure in order to join the bears.
USDCAD Sell IdeaD1 - Price broke below the trend line, 3 critical levels on the way down to pay attention to.
H4 - There are two possible scenarios.
Scenario 1 - Consolidation and possible continuation lower
Scenario 2 - Another leg upwards and then possible continuation lower.
CHFJPY Sell IdeaD1 - Price is moving inside a bearish flag and is holding below the downtrend line, potential bearish hidden divergence.
H4- We have two critical zones that has formed based on the fibo levels of the cycles, the top of the daily bearish flag pattern and the daily downtrend line.
Price has currently reached the first critical zone, bearish divergence. Until this critical zone holds may expect bearish moves.
Alternatively if the price moves higher then the next area to look for bearish setups with bearish evidences would be the second critical zone.
Invalidation: If the price moves higher and breaks above the daily downtrend line then this sell idea would be invalidated.
USDCHF Sell IdeaW1 - Price is moving inside a triangle pattern, price still has room lower towards the bottom of this pattern.
D1 - Bearish convergence, currently it looks like a pullback is happening.
H4 - We have two critical zones that has formed. Price has currently reached the first critical zone, bearish divergence. We may now look for more evidences of bearish pressure in order to join the bears.
Alternatively if the price moves higher then the next area to look for sells with bearish evidences would be the second critical zone.
GJ make money following the trendHi my fellows pros
These are the 2 levels to watch
Plans are draw
Follow the plan and make money
Have a nice week
