I have published a short idea earlier today which has played out great and allowed me to book in some profits. It appears that the move might have exhausted itself and is due for a corrective move up. Reasons: ABCD pattern is developing and will complete at approx 10277 level. Price is buckling already. Bullish divergence between price action and RSI. Price...
Pullback from the Daily and 4hr supply zones (teal and orange boxes).
We can see multiple elements which leads me to this conclusion, starting off with Fibbonaci, we can clearly see it has been rejected multiple times. We have already gone up by ~1.2% today and it might need some relief. I believe we will see it get rejected at 0.382 Fib Level. We can also see that it has failed the upwards trend-line. I believe it is either going...
Despite recent capitulation, BTC price is now close to interesting support levels on multiple timeframes. Weekly: The symmetrical triangle has held so far and the bullish sequential countdown is still in play. Currently looking for a S13 exhaustion point at around 9300 USD could also coincide with another touch of the upper line of the symmetrical...
I AM SEEING MANY WAVE COUNTS PREDICTING AN INCOMING 5TH WAVE! FROM MY COUNT HOWEVER THIS IMPULSIVE MOVE HAS ENDED! WAS THE CORRECTION TO 3148.33$ PART (A) OF AN (ABC) CORRECTION? PERHAPS A (WXY) RUNNING FLAT? IS THIS THE THIRD WAVE OF AN IMPULSIVE MOVE DOWN? STAY TUNED :)
Oil has gone through great lengths with bringing price down immensely. Price is showing either a reversal tone or the beginning of where price is looking to retrace. Through Historical Data, price that has converted from bearish to bullish, has reached our potential exit which is the Top Blue Line. Waiting for Proper Candlestick Confirmation for a Double Bottom to...
Currently waiting on Price Action to breakout of its Descending Channel, leading us back to potentially a higher set of historical data as we have reason to proceed Long. Fibonacci / Completion of Exhaustion will be necessary before entering with proper Risk - Reward.
The Aussie showed lots of momentum being built when touching its Major Support Zone, patiently waiting for confirmation to enter bullish with a completion of exhaustion by using structural price action + fibonacci.
Inside bar accumulation with weak up move and sellers exhaustion.Time to go South for a 5%-10% drop .
Inside bar accumulation with weak up move and sellers exhaustion.Time to go South for a 5%-10% drop.
With price showing Seller Sensitivity, it gives a great opportunity to continue this bearish trend with proper Risk-Reward.
Waiting for signs of Exhaustion to Fib potential Entrances to Short the EURO.
Last week finally closed out with a breakout of Price is Major Uptrend Channel. Will be waiting for an exhaustion after price plummets bearish, Fibonacci retracement and Extension will be key in this trading idea with the 38% lining up with our retest of breakout trendline and showing a major continuation in bearish trend.
Waiting for a proper exhaustion of price action after an engulfing reversal.
Hello traders, This idea is a heads-up for people long on MATICBTC to start locking in profits. The divergence speaks for itself. My ideas are for entertainment purpose only and should not be taken as financial advice. Happy trading,
Hi everyone, The previous exhaustion point was too weak to reverse the price It only formed a short consolidation pattern (Bear Flag) before another drop. Now BTC has reached the second bearish target (on BITSTAMP) The price is currently printing an exhaustion point S13 + A21 on daily chart and a S34 on the 12H chart. These new exhaustion points should now lead...
Hi everyone, Today, BTC has finally reached its first bearish target on COINBASE. The price is currently printing an exhaustion point S13. On BITSTAMP, this same exhaustion point is still at $7.470. (There is a countdown shift between the 2 platforms so it is difficult to rely on a single target.) Yet, the COINBASE exhaustion point remains a valid entry point...