TD sequential has counted 9 consecutive bars downward on the daily, this typically is indicating a retracement is about to take place. When measuring the highest high to the lowest low on the daily's down trend this becomes a textbook Fibonacci retracement to the 0.382 level. Further supporting evidence to support this theory is the rejection of the downward...
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The pattern boundaries are clear, and volatility is relatively low vs. historical. Price action above $235 would confirm a breakout to the upside, while a move...
Hello everyone 😃
Sorry for low activity on past days !
Actually I thought that there's no need to update my analyze..
Any way, The last analysis played out goodly.
Now, BTC just engulfed an important line on hourly TF and it just break above the H12's zone, Now bulls needs to wait for a daily close to confirm the break on classic vision....
I think we are looking at a possible rounded bottom. Now would be a good time to start accumulating some spot Bitcoin. A daily close below 28k would invalidate the pattern.
Also, I think the neckline is a key level that no one is paying attention to.
Crypto loves rounded bottoms (Adoption curves). This is where a lot of the strict price level traders miss out...
BTC broke the most recent parabolic advance at the same time that completed the pattern of a top reversal wedge, just to find support on the base of a possible descending triangle. Both targets suggest a 28% to 30% correction from ATH.
Eurusd It is declining until it creates a positive divergence.
Also, when wave b is shallow from 1, it is not possible for wave 2 to be shallow
its Harmonic Eliot Waves
So the reasons for the fall:
1- Creating bullish divergence in 4-hour timeframe.
2-Harmonic Eliot Waves says we need a deeper correction
3-Classically, the uptrend occurred with the weekly...