BTC potential move up.Bitcoin is between the two month range it has broken out of and the 200 day MA.
A measured move from here will bring us to the .618 fib of the move down from the top.
I am thinking we go up from here.
Fib
DOW JONES - Finishing B-C leg. TVC:DJI is at critical levels where we could see another move lower to 31000 if the larger pattern completes.
There could be one more move up to 35800 first before getting that move lower. Anything above 36k could mean ATHs again and a possible blow off top.
For this month the critical date is the 11th and this could see a 2 week trend into the 27th. I will keep this updated as the are some great moves coming up either way.
Weekend DOW is up 84 points so far.
Monday will be the key.
Enjoy the week. 👍👍
The pullback hasn't ended, keep an eye on this!Firstly, I want to say I'm sorry because I didn't announce I was going to take a break from posting this week. But I'm back. Bitcoin broke the $46.2k nPoC (check previous Weekly Review post) right after I published my thoughts, and ww rallied until $48k. After that, we started to see a pullback to around $44k, which got bought up.
The main thing I see on this week's price action is that price failed to set a higher high, and, to be even more bearish, it flipped the support level at $47k (0.618 fib, weekly PoC and anchored VWAP) to resistance. But this is not enough. We also see that, on the volume profile, that most of the volume traded is at the top, meaning that a consolidation is what whales are looking for.
My targets stay the same (again, check the last Weekly Review): mainly the FVG sitting at $43k. I do expect some crabbing around these prices at the start of the week, to be honest. Lastly, I want to thank you again for reading my posts. Have a good trading!
GOLD on a deeper retracement 🦐GOLD on the daily chart is providing us a deeper retracement outlook
The price after the recent top is testing the 0.5 Fibonacci level and the long wicks of the candle make me consider a test of the 0.618 Fibonacci level over the support area.
How can i approach this scenario?
I will wait for the European market open and check for a possible break of the weekly structure.
In that case, i will move on the 4h chart and check for a possible short order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
EURUSD a turn at 0.618 Fib 🦐EURUSD on the 4h chart is providing us a long opportunity.
The price after the recent low at the 1.09750 level started a strong impulse to the upside and tested the weekly resistance.
From there the market retraced exactly at the 0.618 Fibonacci level over a previous resistance now turned support.
How can i approach this scenario?
If the price after the market open will break above the structure at the 0.5 fib level, we will look for a nice long opportunity according to Plancton's strategy rules.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Price prediction for BTC I'm using Fib Time Zone and Fib Retracement to predict BTC trends.
Clearly BTC has been bounded in a big channel. Now it needs to break local channel to start a new uptrend, until august to reach a new ATH.
EURNZD > In-depth Analysis for A Perfect Buy Trade!Analysis of #EURNZD
this is my favorite setup for today so far, as you can see the market is consolidating between trend line resistance and support and building structure between those lines.
The EURNZD now could provide a fantastic buying entry near a strong level and here is why like this setup:
1 >> Bullish bat pattern
2 >> 1.6100 FIB inversion
3 >> 1.2700 FIB extension
4 >> 1.5800 Psychological number
5 >> Trend line support
as you can see all these setups line up at the same level 1.58000
Trading Plan:
>>, if EURNZD pushes further to my support level near 1.5800, I will then look for a small reversal pattern to get into a big buying opportunity if the rules for entry are met.
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
Falling Wedge- Watching CloselyCRM holding quite a big falling wedge here on its daily chart after closing Friday reclaiming the 50-Day SMA. CRM is currently sitting on its 50-Day SMA as well as the .786 FIB level, which also happens to fall right on a major RSI-Based Supply level. CRM additionally has multiple gaps on the upside to fill. Bullish on CRM long-term and will be watching closely for a breakout if buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets Attached Below
- Buyer volume picking up relative to seller volume
- Reclaimed the 50-Day SMA
- Falling Wedge
- Gap Fill on the Upside circa $238.87-$243.22
PT1- $212.74
PT2- $214.68
PT3- $217.10
PT4- $219.52+
SE- Watching For a BreakoutSE has seemingly found a bottom here as buyers step in. SE is currently sitting right on a big RSI-Based supply level after reclaiming its 20-day EMA. Will be watching SE closely for a breakout here as it has also formed a bullish ABCD harmonic pattern formed on the daily timeframe (Not Pictured). Additionally, SE is holding quite a large falling wedge on the Weekly Timeframe along with some bullish hidden divergence on the RSI and a Bullish Gartley harmonic pattern (See Attached Chart Below). Bollinger bands are squeezing as well on the 4-Hour timeframe accompanied by more bullish hidden divergence. Bullish & will be watching closely for a breakout if buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime-
- Falling Wedge on the Weekly Timeframe
- Bullish Gartley Harmonic Pattern on the Weekly Timeframe
- Bullish ABCD Harmonic Pattern formed on both the Daily and 4-Hour Timeframes
- Bollinger Bands Squeezing on the 4-Hour Timeframe
- Reclaimed the 20-day EMA
- Buyer Volume Picking up relative to seller volume
PT1- $128.57
PT2- $130.62
PT3- $132.74
PT4- $134.86+
--Weekly Timeframe--
--4-Hour Timeframe--
The DOT fluctuates between support and resistance.Hello everyone, let's take a look at the DOT to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the line of support and as you can see the first support is $ 21.12, the next $ 19.78 and $ 18.70.
Now let's move on from the line of resistance, as you can see, the first resistance will be $ 23.48 if you can break the first resistance, the next one will be at $ 25.64 and the next one at $ 28.78.
Looking at the CHOP indicator, we can see that the energy was consumed in a 4-hour interval.
AMC gann Fann and square By two trendlines I saw what looked to be a gann fan. I fitted it, and it was exact match. So I made the resistance along that long and to the $2 mark. Side it was going in the down direction I took that same scale and and point and time then made it forward. From there I fitted a gann square to that scale. And then a small gann square to scale and angle but smaller. The gold bars match perfect with the pocket that we are/ just were in.
ETH Testing Strong Levels, Heading Higher?Crypto markets were on the back foot last week, feeling the pressure as governments were looking at the asset as a way around sanctions. Compounding the affect was the U.S. government ordering an executive order looking into crypto assets. Most feared this would result in direct oversight and regulation, which is indeed part of the order, but also looked into the scenario of a digital USD, slightly softening market fears.
We saw this pattern of risk-off and recovery practically across the board, but ETH seems to have the strongest proven levels with the Fib retracement: having broken through the 0.236 level ($2816) moving towards the 0.382 level at $3193.21 which it may test, return to 50% of 3524, and then push upwards again. If ETH manages to break through the 0.382 level after testing it, we may see a run towards testing 0.5 at $3513.72, if that level is broken as well, we may see ETH head towards $3800 with little resistance.
Remember to take advantage of easyMarkets free limit orders on TradingView as the markets are currently characterized by uncertainty and prone to react to news regarding the Russian invasion of Ukraine or unforeseen changes in marcoeconomics.
SUPPORT 1: $2790.65
SUPPORT 2: $2155.62
RESISTANCE 1: $3193.21
RESISTANCE 2: $2513.72
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Blackbaud - Next Target ClearPrice enjoys to move around the Fibonacci circle in dips like this, it usually ends with a massive dump and allignment vertically with the circle ring in play (1)
0.382 retracement from top is the target drop point for price
LONG after Weekend BreakWeekly Timeframe
Greed and Fear Index is now at #25. Weekly timeframe remains bearish saucer with the awesome oscillator. We can expect a sell off Friday. As a normal routine of the market.
1D Timeframe
We have touch the 0.618 FIB retracement area and bounce a little. AO is bullish we can expect movement to the upside with our Ichimoku cloud finding support in $40,253.
4H Timeframe
We are currently testing the demand zone of the market structure which in turn would continue our drop to the downside as the smart money will buy back this retest to continue the dump to the downside. all being controlled by a bot or algorithm. Rejection area $40,912. AO seems bearish at the moment as it is already in the correction area.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
EthUsdt TomorrowExpect the price will go bullish tomorrow to 2752
ENTER AFTER BRAKEOUT
set your own stop loss
This analyze done by Gann methods and Fibonacci + Trend analysis
ETH- Sitting at Supply Level- UpdatePosting a quick update on ETH here as it's currently sitting at a make-or-break spot. ETH is holding quite a large symmetrical triangle here on the daily timeframe but also is rejecting both its 20 and 50-Day EMAs. ETH is also currently hugging a big RSI-Based supply level & bouncing off the .236 FIB level.
Additionally, something certainly worth noting and keeping an eye on the 4-Hour timeframe- Big Head and Sholders formed along with a bearish bat harmonic pattern (See Attached Chart Below). On a slightly different note, with pending regulations rolling out I personally would expect some further downside as the panic selling begins. Heikin-Ashi candles already depict a decrease in bullish momentum. Just some FIB levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bearish in the short-term but bullish in the long-term so will be watching closely for potential long entries, all previous charts are attached below.
- Symmetrical Triangle on the daily timeframe
- Hidden Bearish divergence on the RSI on the 4-Hour Timeframe
- Head & Shoulders on the 4-hour
- Bearish bat harmonic pattern on the weekly timeframe (See Attached Chart Below)
- Declining volume on the weekly timeframe (See Attached Chart Below)
--4-Hour Timeframe--
--Previously Charted--
Bitcoin 2022 peak/blowoff top based on Fib pointsto get to this possible Expanding Cycle Theory mentioned by Nicolas Merten on Datadash Youtube channel I am taking a different approach to see if this theory has any teeth to it and apparently it does if applying Fib points to it. I am using the Schiff Pitchfork and also the Fib Channel as points to give me the most number of touches on Fibs as possible. All the hand icons are pointing to touchpoints on the Fib channel which are numerous and also using the Schiff Pitchfork as a future peak for BTC. When we look at the November date for this peak we do see an intersection between the Fib channel and the Schiff Pitchfork pictured by Sun in yellow. This price is about $165,000 which is close to Nicolas"s $150k price projection. If we also look at the top of the Beam band we can see that there is a good possibility Bitcoin could hit over $300k if we visit the top of the Beam band as well.
Of course this is speculative as Bitcoin could achieve this peak into the 2023 year as well, we really don't know for sure but it is interesting to see what is possible with Fib points.
ALGOUSD CLOSE TO BREAKOUTALGOUSD is finishing bullish wedge pattern, we already bounced two times and closing in on breaking it upwards. We should look for a retracement back to 50% fib.
Aroon: On a daily timeframe it is already giving us an entry for a bullish trade.
Macd: is showing bullish momentum gain but we need to wait for a signal line to cross.
Bollinger band: We already bounced off of a bottom of a Bollinger band which indicates we should go long.
Entry: 0.77
Invalidation: 0.600
Target: 1.66
Ratio: 1:5
SAND LONG FINISHING PATTERNSand bounced off of a support 3 times, and is at the end of a flag pattern, after break out we should see retracement to the 50% fib zone.
Aroon: On a daily time frame we see orange line crossed a blue one which shows start of a bullish trend.
MACD: We are already seeing light red candles which indicates bullish movement gain.
Bollinger band: We just bounced off of a bottom Bollinger band which indicates bullish trends start.
Entry: 2.97
Invalidation: 1.95
Target: 5.38
CHZDUSD POSSIBLE LONG SHORT TERMMarket just broke out of an inner flag pattern, we should see a retracement back to 50% of an fib zone from a last down trend.
Arron: On a daily chart Aroon shows gain in bullish momentum which indicates start of an uptrend.
MACD: Also shows a gain in a bullish momentum, signal line is about to cross and give us an entry signal
Bollinger band: We bounced of a bottom Bollinger band which indicates that we should go for a long position.
Entry : 0.25
Invalidation:0.135
Target: 0.367 (50% fib zone)
