Order BUY SQQQ NASDAQ.NMS Stop 53.97 LMT 53.97 will be automatically canceled at 20230401 01:00:00 EST
SQQQ daily bullish hammer at Fibonacci 50% retracement RSI divergence. Stop loss below 68% take profit into fib extension 1. Wave 5 uptrend.
Bitcoin has been in a corrective pattern from the low of 17,500 on June 18th and is beginning to exhibit signs that it could either be a reverse expanding triangle or a WXYXZ pattern.
Case for the triangle:
Each side subdivides into a zig-zag
C is 123.6 of A
A and C made higher highs while B and soon D will be making higher lows
I marked the blue 1.618 extensions that indicated the top before. When the 0.786 marks the local top, the 1.618 seems to indicate the next cycle's top. This cycle the 0.786 is at practically the same price as the 1.618 extension of the previous cycle !!
hey traders, BTC might go down at 19390, but firstly might bounce until Weekly S2 23805. The market is strongly bearish
Fibonacci extension bands are shown in the chart with pivot point levels.
The analysis is considering 100% of the correction price.
The market has the last word.
On daily chart
BINANCE:IOTXUSDT is retesting around 0.09 to prepare pump up
We have a short-term target at 0.15 that's a previous ATM on Aug 2021 and long-term target at 0.3 that price is 1.0 Fib at 0.048.
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Before you trade, DYOR plz.
The trendline from the wicks match exactly with 2.272, 2.414 fib extensions and the technical target from the falling wedge.
I believe BTCUSD needs to spend some time between 28k - 38k, more so inside 32k - 38k levels.
It might also bounce from the upper trend line which coincides with 0.5 0.618 levels, 39 40 is also psychoologically a bouncy level.
Welcome back to our QTUM analysis Series
In our first analysis, we pointed out buying zones for a potential bottom as shown in the chart below
A month later we updated that idea after a few buyng zones were met
Now in this analysis, we are analyzing afresh, with a different view.
In our two previous analysis, we drew 2 trendlines that price continued to...
please see my current idea on the Sushi Crypto, where my count suggest that we are done with wave 1 and 2 which would now lead to a wave 3 extension to either 1.618 (which is equal to target 1) or to 2.618 (which is equal to target 2).
Let me know your thought.
Wave 4 pullback played out to a tee. We have an inverse head & shoulders pattern with MACD divergence finishing it off.
Now the Wave 5 run will be officially underway once the neckline of the aforementioned pattern breaks.
New highs on the cards.
Please see above my analysis of XAUUSD on the 4h timeframe with a possible wave 5 extension taking place. Target is based on Fibonacci extension. Please see at my older idea on Gold, where I predicted a reversal from 1724 to 1878.
Please leave a comment and a like.
Have a good weekend.