BTCUSD daily insight

8 พ.ค. 2020

the impulsive bullish move brought the price into a strong resistance area and the market is extremely over-extended ,so the next corrective move is about to start. The first support area is around 800 where we can expect a sideway movement, If liquidity increases there and price bounces a long position could be considered. However, bear also might become in control and bring price lower to next supports.

10 พ.ค. 2020

บันทึก

After retracing to the support zone, price is likely to grab some liquidity to start the next impulse, testing the previous resistance and possibly breaking it.

10 พ.ค. 2020

บันทึก

it seems price successfully bounced and started the next impulsive move heading to 10054 and eventually 11000 if bulls remain in control.

10 พ.ค. 2020

บันทึก

1hour perspective

11 พ.ค. 2020

บันทึก

Inverted head and shoulder completed and t upward move has been started. Watch for targets and close accordingly.