Mixed Signals for BTCUSD

7 sept. 2019

No trading zone. Bearish Biased.

Waiting for a clear confirmation either:

• [Bullish] Breaking up and finding support on 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.
  
• [V.Bearish] Dropping below the 9300USD support level, retests and fails.
  
• [V.Bearish] Breaking up through the current upper resistance line, but fails to find resistance turned support and breaks back down into the descending triangle.
  

7 sept. 2019

Commentaire

Shorter term looking bullish (applying similar analysis):

7 sept. 2019

Commentaire

Earlier post did not display correctly due to the use of square brackets.
Reposting..
[B]Waiting for a clear confirmation either:[/B]
{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 .

8 sept. 2019

Commentaire

See also shorter term analysis:

9 sept. 2019

Commentaire

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.