This is the first time I have looked at Bitcoin …and that’s because the last time I looked at charts it didn’t exists on the platforms.
But a chart is a chart – so what do we have here?
— Trendline
— S/R
— 50Fib
— Round Number (100,000)
Has some nice space from the drop yesterday.
Looking on Daily chart at possible retrace:
— Previous Resistance (and minor Support)
— Two Round Number: 175 (better number), 174 (better S/R)
— 50Fib
— Trendline
Possible issue is the price gap from 4 weeks ago is still open.
Have been watching a couple of areas on this pair for a few weeks – finally moving down to the upper of the two levels today.
It has been a fairly swift move …so (right now at least) lots of space overhead should there be an entry.
Currently there is:
— S/R
— 1.3000 Round Number
— 50Fib
— Space above before first problem areas
There is no trendline – but that’s usually a “nice to have”.
Watching for bar formation on daily. Could be: Pin, Bullish Outside Bar, Double Bar Low High Close, 2-Day Pin
Daily chart. Saw this DBLHC …but was looking for a retracement.
Retracing. Watching for bar formation (and ideally round number, S/R)
This is a chart from a few days ago. Wasn’t watching in too closely.
Daily approaching a point of interest.
— Trendline (+Channel)
— 50-Fib
— Round Number
— S/R
