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Plain and Simple Bitcoin Daily Analysis - 3/11/21 - BTCUSDTPlain and Simple Bitcoin Daily Analysis - 3/11/21 - BTCUSDT BINANCE:BTCUSDT Market is too emotional, really too much Everybody requesting 60K is kind of jinxing it :) I posted yesterday that the 57370K would be a clear rejection on my twitter channel and also on youtube (link below) ...and the rejection was...because of the confindence. Not enough fear to push the whales to boost price up. 4 hours chart still looks bearish, while 30 minute gives us a bullish morning. Also a bearish divergence on the 4 hour, still point at a visit down 53500K. I'm not convinced by this last push, the market is trying to trap bulls. Bitcoin loves to trap bull, and then hammer a 20/30% drop on them ;) So, for the morning, nice buying opportunities at this levels, but don't hold to it. Second part of the day GMT+1 can be more tricky on the downside. So.. Have fun, trading today ! Thanks for reading ! Stay safe. And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure. See you all tomorrow, and don't forget to ...... smash that like button ! And don't forget to subscribe to my feed to get my daily analysis in your Trading view chart Comments are also welcome anytime. And go check my socials down there if you like this analysis!!!!
by Copytrade_TV
2
How price action works.If price is from a strong downtrend and it creates a key level, it will start retracing and if it does not form an engulfing candle or a shooting star at resistance or a candle that is 50 percent of the bearish candle or above 50 percent, it will come back to test that zone and even create a lower low, and if it does again it will do the same thing and still test that zone. So we have to wait for the retest and a confirmation candle or pattern so we can get in. Pure price action. Take note that, price action repeats itself all the time. Look for awhere the market has created a level on the 4hr timeframe nothing less, because the 1hr does not hold enough confluences for price action trading. Thanks please leave a like and follow me please it will be of help.
OANDA:SPX500USDEducation
by ButterflyBerry
We may expect an another good move on USDJPY, PRETTY SOON.Hi There, Hope you all are well. USDJPY is formation a nice correction after an impulsive move towards the down side. We may expect an another towards the downside. Correction is still in formation so me may see a little move in upside direction. BUT all we have to do is keep an eye on the corrective trendline. if that breaks and closes below. we may see a similar move to the bottom side. Hope it helps! THUMBS UP!
Short
by WaveExpert
4