Based on the chart history of BTC, the initial flash crash of 30% - 40% indicates a more than likely bear market. If so, BTC should bounce off the next support range and retrace to the .5 - .702 fib. After the retrace we should expect an 80% - 90% crash during the bear market. This similar structure can be seen in the past and I am strictly copying the historical...
I am going to long MSFT for these reasons
~We have officially touched the 0.786 fib retracement which is a great sign to go long again
~MSFT earnings on Tuesday. MSFT bought out Activation Blizzard, so it will be interesting to see how they announce their plans.
~ALSO A while back, Mojang merged Minecraft launchers with Microsoft. SO now all minecraft java users...
I made a personal TA on NYSE:PFE using FIB retracements to define when to buy the current pullback reversal.
PFE is currently in a very clear uptrend an its previous pullbacks "reversed" at aroung 50%-61.8% FIB so i think that this current pullback is going to reverse at around 50%.
Check Rsi bounceoff and SMA positionning to form a...
The chart illustrates a regular flat within the longer term correction which consists of a 3-3-5 wave sequence (A,B,C). Currently unfolding is the subdivision of Wave C which began from the November high of 1877.14.
Wave 2 is typically 38.2%, 50%, 61.8%, 76.4%, or 85.4% of wave 1.
Sustained pressure saw an eventual break of the resistance at the 0.618 fib...
Swimming against the water is sometimes smart
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Uno/USDT 0.36 $
Gold sells into the FVG. Entry is a on a wick rejection from the 78.6% retracement after the BOS to the downside. Another confluence was that our entry was inline with the current OB in the market for the last downside push and we just broke the daily low which has invalidated the current range and presents a bearish outlook to me.
please see my current idea on SOL where my count suggests an at least 38% retracement of the whole bullish movement. This is due to the fact, that we have finished our first cycle on the overall weekly chart.
What goes up exponentially, comes down exponentially too. My advice: Stay out.
Watching SOL closely here, treading lightly in the crypto space with all of the FUD surrounding pending regulations. However, SOL is looking quite nice here and is currently sitting right on its 200-Day EMA. Additionally, SOL is holding a big falling wedge with a little cup and handle at the end. Bullish on SOL long-term and will be watching closely for a breakout...
When the price goes out of its channel, the width of the channel falls or rises
That's exactly what happened here, and since the price is exactly the bottom of the channel
And it is on a good support range, we can give the possibility of growth
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1. Bearish ABCD pattern complete
2. Shows Divergence at RSI
3. Reversal after ABCD completion
4. Wait for further confirmation and then go for Short Option
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Thank you :)
As you can see, BITTREX:CROEUR is still in a clear downtrend with a correction end-December 2021, CRO looks like is going to make a new correction/retracement, here is my scenario:
What makes CRO Long (for the next weeks, globally still in a downtrend)?
Strong bullish candle
Crossed RSI for the first time since last retracement
Till where is the to...
Currently price is in a bearish trend and is making LL and LHs. We have just stepped out of this trend by not creating a new LL. however NY and LDN sentiment has been bearish the past few sessions at these levels we are pushing up into now so I'm looking to try and get an entry at the 78.6% retracement and then for the NY session to have a bearish sentiment...
In this chart we are trying to find a LONG opportunity.
A way to find a possible scalp or pivot point is to look for where bottom or top of trends align with horizontal support & FIB levels like 0.382, 0.5 & 0.618.
When trading I give horizontal support with the most respect followed by the FIB's 0.618 being the strongest.
I do not trade diagonal trend support...