The Coinbase ( NASDAQ:COIN ) 4-hour chart is a perfect fractal of the Bitcoin weekly chart. Good ole' Wyckoff distribution. It even has the little Bart Simpson correction pattern from August 2020 that occurred shortly after the last halving and a few months before the first big leg up.
Considering current price action, Bitcoin and Coinbase, for that matter,...
Fib channel support and resistance levels. Give a current indication as present, of probable low. For bullish momentum, key level 22,800 fib 0.382 fib Resistance Fan 0.75 (Fib fan Massive!)
SPY is in a corrective pattern. It might go up a bit more, but ultimately I think the high is somewhere between those two orange dashed lines, and the low is $410 +/- $2.50 by end of week. If not then my guess is that's where it will open next Monday. I've linked a few of my previous ideas. Please excuse the rude language on two of them - I was posting them for a...
Hello people!
I like trading NANO and now it seems we are reaching an interesting stage.
I used fib retracement and fib speed fan to determine realistic trading ranges and time frames.
I believe that the range 7.7 5.3 is where it seems to be heading if the movement keeps the inertia.
The price can easily navigate waters under 5.3usdt for a long time...
I am analyzing the daily here, so I will focus on a large price range and explain what I will be looking for to guide me in the upcoming days/weeks. I will only talk about the Fib Speed Resist and some simple support ranges and levels that I quickly added, so they are not extremely precise, but the ranges are fine. I just wanted to share the Fib lines publicly...
Hello!
Guys, I used the Fibonacci fan as a drawing tool to reveal the short-term channels that the Nano|USDt is navigating through. I think it helps us define realistic entry and exit prices.
Hi every one,
In the last past days markets had very complecated situation without any breathing rest time and I know there is a lot of people lost money or at least were panic. But the bad news for them is there will be another drop again. As I illustrate in this particular market, price goes down at least to 30 USD or maybe a little more. And then market have to...
DXY gapped above the fib resistance as expected, expect it to ride in this channel for a while. We can see it test the next resistance at around 93.5, but if we saw a break of that level I would turn bearish on the markets as a whole.
The DXY, or the dollar index, is inversely correlated with the markets (in this case). Overnight we saw a break of a critical Fib resistance level, so unless the Fed steps in and implements Yield Curve Control or a similar market positive policy, expect the dollar to move up to the next resistance level.
Hi,
Welcome to my 3rd video which will be part of the series of the Bitcoin Macro trend.
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Note: I posted a Macro Level chart back in July this year that is doing a good job for the current price formation.
The logic of this chart is also used as a reference but...
On the 4 HRLY Chart we have the following:
* 200 and 377 EMAs with Orange and Red lines.
* Downward (pitchfork) trend channel
* Historical support and resistance lines
* Preferable BUY ZONE to go LONG
* One can probably argue that the bottom was in at around $153 or so
* One can probably argue that we in the accumulation phase, for many ALTs
* and currently in a...
Just wanted to put this out there for people to take advantage of price confluence and where they move towards, key fib.levels based on my perception.
If one was to look closely at this chart, you will notice many confluences with key fib.(pitchfork) levels.
Currently we have a small channel also ranging and just like we had above 10K ranging and then squeezing, I...
I was asked for a GBPJPY chart by a TGH viewer, so here is what I see!
Hopefully, we could see a nice entry as price retested the fib channel support near 131, the green box on the chart there.
Stop loss is clearly defined as falling below 100% there negates the validity of the impulse wave I have selected with the fib retracement tool.
Good luck Traders!
