Time Frame: 4H
The zigzag market conditions of this pair is showing more weight to the selling side . So our projection goes towards selling the instrument.
Time Frame: 4H
The instrument is currently showing a perfect opportunity to sell. Considering the current micro trends and trend patterns ,we go for a selling set up.
2)GOOD SUPPLY AND DEMAND
1) in a UP trend
2) In Breakout
3) High Volatile
Signal Type: Long
◼️Entry: 1.560 - 1.464
🟢 Targets : 1.599 : 1.653 : 1.692 : 1.839 : 2.031
TRADE WITH YOUR OWN RISK
$BTC $18,529 support in effect, $18,261-$19,535 range maintained during the weekend. 1W close as a follow up to bearish engulfing on last close. As of now risk at $18,261 support, continue watching support. Initial resistance at $19,327.
$BTC at $19,535 resistance, $19,327 support in effect. 1D close from yesterday was very good, Needs to follow up on the bullish engulfing from yesterday's 1D close. Needs to break $19,535 and proceed to $19,894 to follow up.
$BTC $18,529 support in effect, $18,759 resistance in effect. Last 1d close bearish as expected in follow up of bearish engulfing from Sep 20 on 1D chart. Very good attempt at $19,894 which resulted in fakeout. Continue watching $18,261-$17,999 support.
$BTC $19,327 support being tested, attempt to gain $19,535 support failed, 1D close very bullish turned down bearish engulfing follow up on 1D chart. Requires to gain $19,894 support to test $20,338 resistance
$BTC Broke $19,327 support dropping towards $18,746-$18,529 support area. Bearish engulfing on daily close with current daily candle looking to follow up. Friday's Bullish pin on 1D gave it a good push to test $20,338 but failed to break out of given moving range. 1W close with bearish engulfing, $17,592 support at risk! #Bitcoin
$BTC Weekend sideways with $19,327 support tested yesterday. $19,894 resisting as of now with an attempt to gain support here. Last 4h close looking bearish, last 1D close looks good. $19,894-$19,327 moving range as of now
$BTC $20,338 resistance in effect, failed to gain it as support yesterday. $19,894 support remains in effect, 1D close looks good, no follow up to the bearish engulfing from the day before. $19,535-$20,338 expected range for short term
$BTC $21,791 still resisting, $21,299 support gained good. 1 fakeout from $21,791 rejected at $22,379. Support could be tested considering bearish close of last 4H. Last 1D close bullish, watch today's close as it's not looking good as of now. 1W looking bullish.
$BTC Literally climbed given steps😂😂😂, Currently going for $21,791 current and last 1H with some strength here, Bullish engulfing could close on current 4Hrly, 1D close was crazy bullish yesterday. $21,791 crucial resistance to watch as weekly close approaches.