This worked out scary well... I'd need a bigger sampe to confirm the method is consistent, but examine the following dynamics of the BTC movement through this "matrix" built around the initial symmetrical channel:
- 31616.3 was my target last week when it was 28k merely because that level marked the upper bound (top point of local diamond) of the next most...
BTC - Old Logarithmic Discovery - on the Daily
The heading will be relevant IF Price consolidates or continues down over the next 5-7 Days... But do read the rest of my observation...
I opened an old log chart I hadn't looked at that had a Fib Extension I had drawn back in Feb 2021. I was amaze how well the 1 Fib aligned with the recent ATH before BTC...
We absolutelly MUST to be capable of holding the 47700 level of previous resistance we just flipped into support. We also may wick to 46600 but not close there, which will mean it was just a fakeout and we´re reentering the descending channel.
Next resistance to break - 50000, then we can talk bullish recovery.
Here is a new SELL Scenario, RSI Critical, Possible Head and Should formation
💹CHF/JPY SELL STOP
✅ Entry @124.900 or below
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts...
Well, some sneered a few weeks ago when I pointed out the 1D trend switch, that created a probability of a 50% correction. It happened. There was a deafening silence thereafter.
As I say too often trend switches create probabilities which predict nothing.
In this chart I'm looking at the 3D time frame where price has moved up to touch the ATR line. This is...
DXY touched a critical support trendline formed from the Feb 2018 and Jan 2021 lows,
and is now hovering just above that line.
Also, at the end of Mar 2021, DXY was rejected at the 300 EMA,
which was previously a significant support :
Now DXY is in a tight spot between the descending 300 EMA and the critical support trendline.
I think that the next few...
Uranium charts looking weak across the board, I want to take this opportunity to scalp my last trade for a 20% profit. Wait for the C wave to complete and build a double-sized position, closer to the 200D MA.
I may have to adjust going forward, based on the character of the correction, but a pullback this deep will certainly give plenty energy/base/new money to...
The Indians are in a similar position to many other stock indices. Three things can happen here:
1. Price goes below the amber ATR line, and then rocks north like a bat outta hell - or
2. Price collapses below ATR line and continues south for a while.
3- Price continues to range within a horizontal band.
Whatever happens there is money to be made here - if you...
Yep - nobody likes to hear about losses. But there is no way to gain in the markets without taking the risk of loss. Can you afford it? If not leave it alone.
1 - zone of congestion.
2 - near fib 50%
3 - near ATR on 8h.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and...
Please like this idea and follow me to stay updated on new ideas!
Bitcoin and Ethereum are looking for more downside in my opinion.
Take care on you longs.
Too many are bullish right now and market seems to currently break critical structure,
according to my analysis atleast.
Target ranging between 10,500 and 10k
not looking gud for fkli as more lower-highs are formed in hourly chart...IF the breakout of 1486-1490 happens, we shall see more selling pressure...the gud news is, june is " windows-dressing" month...so probably we will see some uplift during the last few days of the month..
immediate and critical support : 1486-1480
immediate resistance : 1515 - 1520 ...