No trading zone. Bearish Biased.
Waiting for a clear confirmation either:
Waiting for a clear confirmation either:
- Breaking up and finding support on the current upper resistance line,
- Dropping back down but finds support at the 9300USD yet again.
- Dropping below the 9300USD support level.
- Dropping below the 9300USD support level, retests and fails.
- Breaking up through the current upper resistance line, but fails to find resistance turned support and breaks back down into the descending triangle.
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Shorter term looking bullish (applying similar analysis):
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Earlier post did not display correctly due to the use of square brackets.
Reposting..
Waiting for a clear confirmation either:
{Bullish} Breaking up and finding support over the current upper resistance line,
{Mildly Bullish} Dropping back down but finds support at the 9300USD yet again.
{Bearish} Dropping below the 9300USD support level .
{Highly Bearish} Dropping below the 9300USD support level , retests and fails.
{Extremely Bearish} Breaking up through the current upper resistance line, but fails to find resistance turned support and breaks back down into the descending triangle .
Reposting..
Waiting for a clear confirmation either:
{Bullish} Breaking up and finding support over the current upper resistance line,
{Mildly Bullish} Dropping back down but finds support at the 9300USD yet again.
{Bearish} Dropping below the 9300USD support level .
{Highly Bearish} Dropping below the 9300USD support level , retests and fails.
{Extremely Bearish} Breaking up through the current upper resistance line, but fails to find resistance turned support and breaks back down into the descending triangle .
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See also shorter term analysis:
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BTCUSD has found support on the middle support line at ~10200USD, showing strength in the market.
I'm now expecting BTCUSD to head towards the upper resistance line at ~11000 USD.
I'm now expecting BTCUSD to head towards the upper resistance line at ~11000 USD.