I am looking for GBPUSD short from my ENTRY point. its have reversal pattern zim. counter trendline break. at the zone. golden zone at fib. my engoling and renko
A temporaly rise of btcusd is seen as it tests the broken support at 90k which has now become a strong resistance.
Failure of it breaking above 90k suggests a posiible downtrend continuation to next target of 66k as seen in the below analysis.
We tried to break out of this long term channel and we were rejected like a nerd on prom day. We were tracking a short/medium term descending channel and now we have broken out of that and fast heading for bottom of overarching ascending channel. another really bit of ominous sign is we lost our 200 day moving average, this also puts us at threat of a death cross over the next month or so. Also note the rest of the crypto market for the most part, looks worse than BTC, many are at multi year lows, many have broken their multi-year ascension, few charts look appealing in crypto right now... But we are still inside that long term ascending channel and therefore, still in a bullish trend overall but a lot of things are piling up against it.
So we will look to catch support at around $72- 
73K and then hopefully climb back up this channel. If we break the bottom of this two year ascending channel the lows could be a lot lower. The only thing that makes this a little shaky right now is that Ethereum just broke its two year ascending pattern, could it be a sign of whats to come for BTC?
Stay vigilant, personally I would not consider a long before we test that bottom of channel, and even there I would urge tight stop losses for those trying to take advantage of the situation. That also stands for any crypto, never trade any alts and such without also watching BTC, when BTC is unhappy, generally the rest of the market is even more unhappy.
As always, my posts are informational, DYOR.
ADANIENT ....Bearish view
Current price structure doesn't look good.
Should be possible 1750 or more lower target in upcoming days.
EU is currently in a range ! For now the only potential set up I see is a possible sell for a 1:3rr. There’s a clean shift within the range showing us price respecting the resistance level of the range. If all goes well we could see a range continuation until price breaks for the main move.
