Posting because at the moment, being South African, one of my favourites technically. Given the sad current bad state of affairs with corruption within South Africa, being recently Grey listed, the current almost collapse of Energy (Electricity) with Eskom in almost collapse whereby the country is facing daily energy cuts of up to 6-8 hours a day. How will this...
Follow the trend no.1. Key is focusing on the trend with Dollar Index DXY. Know your levels. Poc most important. At the moment forming an ascending triangle, with what I think is the last push to the upside from precisely 27, 750 (may have already tested it. Price target to the upside, 29, 468 or nPocs at 29, 100 or 29, 250 respectively. Be looking at breaking...
Pretty clear analysis on DXY. Rising wedge formation to falling wedge formation, forming a Gartley based on some basics fibs. Pretty much a clear indication of where the price may probably go. Inevitably pushing the price in the opposite direction for BTCUSDT. Be interesting to see if the B, the bottom holds. Seems a bullish Gartley. C time wise is more 1st week...
Fib based levels, confluence with nPoc and Weekly support horizontals. Breaking 0.382 would in theory be breaking the uptrend. Ideally should you should favour upside, the price should stay above the 0.382 fib extension. Trade the levels, don't try predict the future or have any bias. It is what it is on the day.
DXY Double top and fib extension on downtrend. Target level as posted before, this as confluence, Fib Negative Extension -1 at 95.00 points and for confluence Expansion Fib Extension at 2. Interesting.
Time frame 1 month UTC +1 Trend lines drawn from Highs to low, both highs. Flat low
Possible falling wedge based on recent donwside action. Play it how it is, play the pattern, use levels as confluence and see you later :) No crystal balls here, it is what it is. Update with Fibs to come!
Posting because Trend Lines matching current low. Interesting
Fibs drawn from swing high to low, resistance at 0.618. From 0.618 to low next resistance. Again from 0.618 resistance to low until breakdown of descending triangle. Interesting. One to note considering downside. I am going to stop posting. Trading is to real time.
Fib Fan resistance 0.75 actually follows the trend of the falling wedge. Interesting...
Idea based of Including idea of falling wedge
BTCUSDT 15 minute UTC + 1 Today 23,400 morning has been heavy resistance. I was expecting the nPoc at 23,100 was quite surprised the breakout from the middle of maybe nowhere. Hmm, maybe a swing failure, to trap longs. Amazing the levels how well respected they have been, nPoc, Weekly etc. It a beautiful thing. I missed the trade personally, and thinking a...
Fib channel support and resistance levels. Give a current indication as present, of probable low.
Fib channel support and resistance levels. Give a current indication as present, of probable low. For bullish momentum, key level 22,800 fib 0.382 fib Resistance Fan 0.75 (Fib fan Massive!)
Chart pattern land mine on DXY . Play the levels, standing firm on my previous analysis. Posted as link below. Playing the levels and patterns as always, not attempting to predict the future. 97.5 bottom Range to 105 top of the range. Update: Possible rising wedge forming to mid channel. Middle between 95 and 105 at approximately 100, the bottom of the current...
16hr chart UTC +1 Falling Wedge within a Falling Wedge . 1 to zero fib extension drawing levels of support and resistance . Clear breakout from smaller Falling Wedge . Tp (Take profit) zones included. Daily and weekly support levels included.
ETH very conservative breakout. Key levels being very well respected. ETHUSDT breakout from downtrend channel, 0.382 bullish Fib, and above 2 weekly levels of resistance. ETHBTC broken out from major downtrend, trend line (blue), currently bouncing of a weekly!, and early breakout from a Falling Wedge. Trade as always with risk management. Technically, looking...
12 Hour Time Frame UTC+1 Fib pulled from X to A with confluence on 0.618 and nPoc (s) at 22,500 to 22,650 for first impulse move. Looking at a retest at these values. Should this retest fail, that would probably invalidate the pattern. Should the pattern continue to play out, will be looking at resistance drawn from Fib pulled from A to B, 0.618 resistance or...