Top down analysis of #Bitcoin on the weekly timeframe shows price bounced of a key Fibonacci level, the “Golden Zone.” Either way you draw your Fib, it’s a 50% retracement. Might be enough of a pullback to push price to $100k by end of year.
We just broke above the upper resistance of the wedge, what we may see next is a slight pullback before we head to .34+ through the night.
If we do fall back into the wedge we may consolidate today heading into Friday morning, the next trend will set up the weekend.
Everything is clear on the chart... Of course I've two scenarios in mind but this one has a nice r/r. So even if I top out of it, it's still a good trade
ANALYSIS 🔎
- RIF/BTC is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00000521)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
-...
Lots of interesting stuff
the swing fail didn't play out and instead got short squeezed
this leg up took us right into the old CME gap from May
what this means is that anything we do in here will probably cause a quick move to fill by monday
the last few stops are just above us from 49.8 to 51.5 after that it's a straight shot
to the April/May Monthly...
Cardano (ADA) / Great British Pound (GBP)
4H time frame
As you can see Cardano is going in a bullish direction. I believe there will be a tiny resistance that will lead to a short downtrend towards the 1.1000 mark before turning around back into its bullish direction towards 1.3000 - 1.3500.
If you have any questions, tips or opinions about my analysis please...
Took an exotic time frame here, and just found out that XTZ reacts well to the EMA200 on the 8hr chart.
We're consolidating just above it like we used to see on the 4hr chart before, EMA's crossing and curling up.
TOMO is in a strong uptrend on the daily timeframe and has recently provided us with a nice deep correction to form another new higher low. On the 1hr timeframe we can see during the correction the price has formed a falling wedge (bullish pattern) into a strong area of demand, this is a great area to load up on this coin.
Crypto market has been rising for 11/12 days without taking a break,so it is likely a small pullback before rising again.The price got rejected by EMA200, RSI is almost at oversold area and the price is at the top of the bollinger bands.It is possible to set a short position with a entry near the top of the wicks of the last 3 daily candles and a stop loss above...
On the 2 hr chart we're in a wedge pattern showing signs of a strong uptrend over the last 6 hrs, now we'll need to see if we can continue this trend through the top of the wedge.
Or if were going to lose momentum & get a Pullback to the lower resistance, I do believe we will see 1 more large pullback before we get on a nice bull run.
