MagnusFX

*Bitcoin – Daily Retracement

Magnus Macdonald — Wed, 05 Nov 2025 03:18:21 +0000

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.

Magnus Macdonald — Wed, 05 Nov 2025 03:11:46 +0000

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.

Price continued up.

Magnus Macdonald — Tue, 04 Nov 2025 18:36:30 +0000

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

Magnus Macdonald — Mon, 03 Nov 2025 15:28:12 +0000

Daily chart. Saw this DBLHC …but was looking for a retracement.

Retracing. Watching for bar formation (and ideally round number, S/R)

Diamond has broken – but price coming back down.

Level now is a nice blind-entry point (but this is not in the Trading Plan yet …so need bar formation).

Really nice PinBar …but pullback is deep …and right after another pullback. Good space to move – but not confident in it.

Moved up.

Magnus Macdonald — Mon, 03 Nov 2025 05:26:50 +0000

This is a chart from a few days ago. Wasn’t watching in too closely.

Magnus Macdonald — Mon, 03 Nov 2025 03:31:11 +0000

Daily approaching a point of interest.

— Trendline (+Channel)
— 50-Fib
— Round Number
— S/R