


TRIFRACT
EUR/USD shorter term View Approaching Resistance
This is an update from this original Idea:
Every move close to 8.0-8.25 is a BUY. I will be going Long there.
Bitcoin In A Bullflag - still Bullish
Bitcoin coiling for 11K, 8.8-8.9 area of support , 8.65 lowest
Bitcoin support in the 8.8-8.9 area
Bitcoin Finally found support @ the key area that was potential resistance. Probabilities now favour a move higher from here with resistance @ 11k and then move lower to lower lows later this year.
Just for fun, found the closest representation of what we have in BTC inside the EUR/USD chart: Both abide by uptrending lines while lowering the floors. Watching to see how similar the pattern will develop and when it will break. Very similar topping pattern with long horizontal aftermath of the first move down. Let's see.
Original Idea from yesterday: Bitcoin confirmed at least short term it wants to continue going down and is still bearish and one should look for short entries until there is a change of behavior. I am looking for a move to sub 8k short term(2-5 days). A downtrending slope from yesterdays high should now act as resistance. Next bigger move down though can be...
2 levels of resistance in BTC for shorting
Link to the video: youtu.be Original idea from the 10th of January update:
BTC is holding onto an up-trending support for too long, this is a bearish sign! Normally this means a move down coming soon. 8.3 first then 8.1-8.2 area for support. I am short from 9080$ so I will just cash in @ around 8.1k.