LOOKING AT BTCUSD, price presented us with a bullish momentum the previous weeks but rn we shall probably withness a dp{retracement in the trading melieu}
As analyzed in my previous poste , we had some quick fakes outs but the direction was confirmed to be bullish. as we see we hope to ride it to the TF THE TREND IS YOUR FRIEND
A piece of prcie action with a blend of key levels and the various candle stick formation but in all we keep watch as an eagle
Ict vs PA vs technical anslysis Bullish view for the week
Possible swing trade .. i.ll welcome corrections from all angles
TREND- UPTREND WITH A STRONG ENGULFING PATTERN FORMED SIGNALING A LONG DAILY- UPTREND 4H CHART- UPTREND PLAN- BULLISH/LONG SL.... TP..... COMMENTS ALLOWED FOR EDUCATIONAL PURPOSE
Daily = down trend with decreasing strength 1H chart = down trend with gaps being formed within the market 4H = down trend with more bearish candles Plan = market will go long based from the bullish reversal signal at 1.09078 as seen from 4H, 1H and 15mins.
DAILY TREND = SIGNALS A STRONG DOWNTREND 15 MIN CHART = INDICATES AN UPTREND ANALYSES = SIGNALS A DOWNTREND EVEN THOUGH A BULLISH REVERSAL PATTERN WAS FORMED TOWARDS THE BOTTOM SUPPORT TREND LINE
* Downtrend and down trend channel formed * bearish pattern formed indicating a SHORT/sell * waiting for confirmation