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Fibs

Wait for Daily Zone Retest and BIG BUY for potential 500 pips!!! I chose to use H4 Chart to show because its clear. This analyis is using the Daily and weekly time frame for higher validation. GJ has made a major push up and broke through consolidation box or prior Daily ROOF, major momentum showing that BULLS are in charge. Now pullback should happen to one of the Fibs levels, I have them all colored 38 50 and 61! I will be looking to make my entry at 61.80 but if at 50% it has a great rejection wick or engulf Ill get in there even though its not the most Ideal. That is PLAN A! it also coincides with uptrend on daily and weekly. Plan B is if it breaks past all fibs levels I will wait until trend line break or break of Daily consolidation bottom to sell it down! This I feel is unlikely but at the end of the day PLAN B! SIDE NOTE- If you look at the PAST of this pair, you will see that it does not like to stay this low, the pair likes to stay in the middle so I believe it is working its way back to the normal price points. Look at monthly to see what I mean as well as weekly!
Long
by tayg23
Not Getting Too Excited yet...here's why. **BTCUSD** Looking at the daily demand, we've now broken it and we REALLY need to hold this area and break out confidently from this descending structure, otherwise we're looking at the low 8's / high 7's in the short term. There is a bit of liquidity, where we ranged between 7.7 - 8.4 from the 26/09 - 26/10, which I wouldn't be surprised if we revisited again if we can't hold this area and move up. In regards to this wedge - to back it up we also have some bullish divergence on the CCI, where IF we break upwards, we could very well see a re-test of the 8.9k mark where we face some heavy resistance in the 50fibs and also our ichi. Lots of people been calling a bullish run lately and right now... I don't really see it and even with a break of this wedge i'd be cautious of jumping on any fomo run. Not in any trade currently, but always willing to change my bias depending on what's presented at the time.
COINBASE:BTCUSD
by Unity-Trading-Group
This area NEEDS to Hold..BTCUSD After another 24hr in bitcoin, it's not looking any better just yet. On the daily, we've pierced demand yet again, with a near perfect touch of the 61.8 fibs, with no new higher highs occurring. Sentiment remains the same from yesterday, although things aren't looking any better for the bulls at this stage. This daily doji represents indecision in the market right now, so until such time as we get a clear break into the cloud, or above our supply zone, we remain neutral. This area NEEDS to hold..
COINBASE:BTCUSD
by Unity-Trading-Group