Rising wedge CONFIRMED (bearish breakdown) $27,333 (0.618 fib)
Good morning traders,
We've had quite the eventful Saturday morning, (6:30am currently where I'm from) after breaking down from the rising wedge in my previous technical analysis I've posted for the community.
This is starting to look like a dead cat bounce before continuation to the downside.
Why?
1: No volume on the relief pump (which tells me this is likely to fail on the recovery pump)
2: We just broke down from yet another rising wedge after retesting the broken trend line that we broke down from on January 21st.
3: Lower highs, lower lows.
4: Previous support levels are being flipped into resistance.
I've created a YouTube channel and it's in the works now, and I'm very excited to be able to make technical analysis in depth and detail with daily/weekly videos that I'm sure will help you guys out!
Please get this technical analysis to 30+ likes to unlock the next daily post (which will be tomorrow) 👍
We've had quite the eventful Saturday morning, (6:30am currently where I'm from) after breaking down from the rising wedge in my previous technical analysis I've posted for the community.
This is starting to look like a dead cat bounce before continuation to the downside.
Why?
1: No volume on the relief pump (which tells me this is likely to fail on the recovery pump)
2: We just broke down from yet another rising wedge after retesting the broken trend line that we broke down from on January 21st.
3: Lower highs, lower lows.
4: Previous support levels are being flipped into resistance.
I've created a YouTube channel and it's in the works now, and I'm very excited to be able to make technical analysis in depth and detail with daily/weekly videos that I'm sure will help you guys out!
Please get this technical analysis to 30+ likes to unlock the next daily post (which will be tomorrow) 👍
Operación activa:
Operación activa:
cme gaps have a 00.0& fill rate (facts)
cme gaps have a 00.0& fill rate (facts)
Operación activa:
Operación activa:
we must break this mini rising channel to the downside otherwise it's possible to see $35,000 before $27,333 (0.618 fibonacci) just go with the flow.
I'm watching a fight tonight so won't be giving updates really.
Big mcgregor fight tonight!
we must break this mini rising channel to the downside otherwise it's possible to see $35,000 before $27,333 (0.618 fibonacci) just go with the flow.
I'm watching a fight tonight so won't be giving updates really.
Big mcgregor fight tonight!
Operación activa:
Operación activa:
Operación activa:
possible s/r flip into resistance at $32,500, if we lose $32,999 on a 30 minute close you guys can short for a scalp.
good morning to you all, and have a lovely morning.
possible s/r flip into resistance at $32,500, if we lose $32,999 on a 30 minute close you guys can short for a scalp.
good morning to you all, and have a lovely morning.
Operación activa:
Operación activa:
bull trap confirmed if we break below $31,999
bull trap confirmed if we break below $31,999
Operación activa:
update:
Operación activa:
Operación activa:
Operación activa: