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BTC cant make up its mindSteadily creeping upwards for months now. BTC has hit the major level around 30k. This resistance level is psychological (30k), it is the support we found in the summer of 2021 and it is also a .618 FIB level from the top of 2017 to 2019 bottom. On the weekly BTC has been in an upwards trend (gray trend lines)trading above the Bullmarket support band. There is a chance we crab more here and pop out to the upside which i believe will lead to 33k first and then 38k. Before that 27k not out of the picture. Break 26k and we see 22k. Personally i think BTC will ultimately scoop the lower levels near 20-22k but first we need to trap more fomo longs, so move up to the 30s, trap longs, then blackswan/crash before halvening as is tradition.
BNC:BLXLong
by Suneater69
Bitcoin Halving Fib EstimationHere we're dealing with fib levels derived from macro low & high price levels, specifically covering historic ATH levels. Log scale on because we put emphasis on chart-based A/D in percentages. Identifying critical points of fractal starting from times of eye-catching volatility and perceptible cycles. We start with fib coverage of ATHs chronologically: 1st pair interconnected: Added layer of 2nd pair interconnected: Covid low - current ATH interconnectedness: Zeroing in -77% drop: Since we care about reducing subjectiveness in Fractal Analysis, we must place Fibonacci Channels on pin point accuracy (0;1). It is done so because of various concepts considering irrational market, uncertainty and assumption that nobody can be always right predicting market with regular TA. Since popular TA is already used among millions of traders, we definitely can't be competitive if we stick to common knowledge of standard wave counts, etc. Fractal analysis summarizes collective market in terms of interconnectedness of the whole structure with composite short and long term cycles. Here we care about if the Golden Rule behind the waves allows for any desired move. Since human nature and decision making even outside of trading is determined by golden rule (bench experiment, DNA, proportion of body and organs). Knowing that Fibs are pleasing proportion for a consciousness. We can use this rule against the market since we're dealing with mass consciousness. Activity of which will draw patterns in respect to those proportions anyway. So our task is to expose the levels derived from actual structure to which price has reacted throughout the history. That way fibonacci is tuned into the chaotic nature of the market, hence-fore it is capable of determining key price levels of support and resistance without use of subjective measurements. It doesn't yet mean this is the only tools I use for trading. This just something I consider for long-term perspective derived from historic structure. Just like in QM, we can't tell the exact location of particle, but we can tell the probability where it most likely might end up. In FA probability of levels is priced at fibs.
BITSTAMP:BTCUSD
by fract
168
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line. Let's start with the support line and as you can see the first support that is currently holding the price is $ 303.4, if the support is broken then we can see the price drop to around $ 274. At this point, it is worth marking a strong resistance zone from $ 304 to $ 297, taking into account the entire upward movement. Now let's move to the resistance line, as you can see the first resistance is $ 313, if it breaks down, the next resistance will be $ 320.6, $ 326.4 and then we have a strong resistance zone from $ 332 to $ 341. Looking at the CHOP indicator, we see that there is still some energy for the move, the MACD maintains a downward trend, while the RSI has touched the lower limit, which may give a temporary price increase, but in the longer term I expect a further correction.
by cryptodailyuk
Daily BNB 4HChart - resistance and supportHello everyone, welcome to a chart review of BNB vs USDT on a four-hour time frame. First of all, using the blue lines, we can mark the local downtrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and here it is worth marking the support zone in the first order where the price is from $ 315.5 to $ 305.8, the second support at the price of $ 296.3, and then the third support at the price of 282, $6. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first strong resistance at $317.6, then we can mark the resistance zone from $323.2 to $328.7, when it manages to break it, the next resistance is at $336.5, and then the fourth at $346 $6. The CHOP index indicates that the energy has been used. The MACD indicator is in an uptrend. On the other hand, on the RSI we see a rebound to the lower part of the range, which creates room for new increases.
by cryptodailyuk
1
A Date with Bitcoin (Part 2 The Bottoming)The Confluence & Power of The Rings Over the years Fib Rings have had the tendency to indicate high levels of Support and Resistance. From the recent past these 2 rings I have done there has been a slight glimpse to look into the future. Take of it that you will but the facts are in the chart. Review the major moves Bitcoin has taken over the past year (2021- present day), observe the timeline and price targets Bitcoin has had with respect to the bounds of "The Rings". The Bottoming As we approach 2 major Crossing Fib Rings and a confluence of Trend-Base Extensions, 300 MA and a measured move of 30% to the down side there are a few key dates to pay attention to: Price Targets $17,549 > $16,200 (possible wick down to $13,839) - July 5-6th we may revisit the same support in which we bottomed on the June 18th ring. - From this, for a few days we may gain short-lived triggering a "double bottom" bounce. - Towards 12-14th July I suspect we revisit the ring that kick started the whole 2021 bull cycle again. Marking a potential mid-year bottom. As this indicates that there is a potential further decline, I am not ruling out that there could also be further downside in the weeks to come or, a bottom is already in. This theory suggests only if there is more downside and the dates to watch out for. Breaking either of these ring cross overs would indicator further downside or potential reversals. I will update this as we progress.
INDEX:BTCUSD
by LiquidMafia
5
CARDANO BULLISH DIVERGENCE ABCD INCOMING, THE MOMENT IS HEREPulling back from pulling back off the pullbacks. Short term - as we've pulled back from the recent short starting on the 22nd, we are going to enter a bearish divergence, via market sentiment and incoming Core CPE, we're looking more bullish then ever, but for the next 3 days, were seeing something bearish, but in long term bullish Mid term - we are in a current pullback from March 10th, in the little buy boxes i have, the range is very inaccurate, the lower you go the riskier you get. given the more larger trend line that has existed as resistance, buying anywhere inside is safe. but currently, as we pull back, we are bound to hit that line again, and as everyone has anticipated for weeks and months, we are about to hit the jackpot and goto the moon! Long term - using our Fibonacci Retracement Tool, we've previously retested this larger trend line, midway above the 786 line, i think once we confirm this 618 line, even if it breaks through the larger trend line and tests it, we should see massive, possibly and probably big gains! chances of ADA going under 0.30 are improbable because that would in turn give a bearish divergence and idek what goes on there, but that would mean crypto goes down and theres no way thats possible anymore 4.
BINANCE:ADAUSDShort
by Migweel