BTUCUSDT EQUIDISTANC DESCENDING CHANNEL

18 Haz

MFI shows a bullish divergence and a pullback up is possible but the overall trend is still down LL and LH.

Very high probability for the price to pullback up into the VAL line and the strong resistance level before doing down again .

Enter short after the pullback up completion and a reversal candle stick while MFI still below 50 level

Good LUck

20 Haz

Yorum

Price reached the strong resistance level, VAL level and the upper channel but could not break up . VAL will continue to be a strong dynamic resistance until it is broken up .

MFI still below 50 level and pointing downward which reflect a strong downward momentum as indicated by the long body 4h candle .

possible minor pullback but the overall down trend should continue for now .

21 Haz

Yorum

1h minor pullback Up

23 Haz

Yorum

MFI and STO are showing bearish momentum and the price has a high probability to grab liquidity and continue the minor pullback up . after grabbing the liquidity MFI and STO must start showing bullish momentum and preferably a candle sweep with a long lower wick to confirm the upward movement .

Good LUck

24 Haz

Yorum

BTCUSDT currently extremely oversold and due for a pullback up .STO crossed up but still below 20 and MFI still below 20 level but pointing down. wait for both indicator to cross up to confirm pullback up momentum. use Fibo levels and VAL as first TP

1 Tem

İşlem aktif

Price broke up the upper channel trendline and reached TP3 but it did not reach the FVG low .The price has a high probability to reach the 78.60 % and the strong resistance level and possibly grab liquidity before continuing the down trend.

MFI & STO are both overbought and pointing down on the 1h but on the 4h both indicators are still above the 80 level and going up . momentum is still upward and will shift when both timeframe agree

The price still needs to retest the upper channel trendline to confirm upper channel trendline breakout and possible trend reversal

Good Luck

7 Tem

İşlem aktif

MFI formed a bearish divergence but still pointing up and above the 50 level. STO(21,5,5,) and MACD are bullish .Two 4 hour candles are bearish so the bullish momentum is getting weaker but there is still a high probability to reach the strong resistance at the VAL and garb liquidity . Price is still in a strong downtrend LL/LH .

Good LUck

10 Tem

İşlem aktif

MFI is pointing up and above the 50 level getting into the overbought zone .STO(21,5,5,) is overbought. MACD is crossed up from below the zero level and but up momentum is decreasing bullish .Price is in an up pullback and inside a minor up channel. there is still a high probability to reach the strong resistance at the POC and the yellow channel . Price is still in a strong downtrend LL/LH .

Good LUck

14 Tem

İşlem aktif

MFI is above the 80 overbought level and pointing downward .STO(21,5,5,) is overbought and still pointing upward . MACD is crossed up above the zero level so the bullish momentum is increasing and the price has a high probability to push up higher into the OrderFlow zone and upper channel trendline .Price is in an up pullback and inside a minor up channel. Price is still in a strong downtrend LL/LH .

Good LUck

15 Tem

İşlem kapandı: hedefe ulaştı