Good day Traders
The market has chosen a direction and unfortunately I've almost lost all hope of seeing $5k happen in January, not with Chinese new year approaching and especially not after that huge break to the downside of what is most probably a very large bearish pennant.
It doesn't look pretty. It looks like we might have actually broken that bearish ...
Brøndby is soon ready to get in to Buy zone.
As you can see price made LL while RSI and MACD is making HL, which is bullish. I think one last leg down will happen to the buy zone and the RSI will be slightly above 30. Then we can expect a correcting rally. Maybe a new cyclus.
Buy zone is aroung 74-75 and stop is set to 0.66 which is below fib extension ...
THE BULLISH IMPULSE LEG
A bullish impulse leg is a strong move in price action to the upside.
The impulse leg can be a mixture of bullish and bearish candles, but must have a bullish overall direction.
The start of the impulse leg should be marked as X and the top of the impulse leg should be marked as A.
B LEG RETRACEMENT
Now that you ...
Let's see how this unfold, if I get enough support I will continue with low TF analysis for daytrades / short-term trades.
So if you want me to continue with this show some support with likes, sharing, comments so I keep going.
The analysis is a mix of circle fib, extended fib, extended time fib, putting 3 fibs together is really challenging so I hope be up to ...
Apply these SMA Indicators on your chart - 50 - 100 - 200
Step #1: Wait for the 50-day EMA to cross below the 100-day EMA. The two moving averages also need to converge with the price action.
If we get the crossover of the 50-day MA (blue line) and 100-day MA (orange line) at the same time the price is testing those moving averages, that’s the best-case situation ...
Been keeping a close eye on this one , i see this as a final 5th wave down . Even though pot stocks are overvalued. This one being brand new to the market not long ago m i feel this needs to have at least one good run before getting smashed back down. Lets see what it does
Targets Posted ...
As shown above, the price action is continueing the downtrend movement in a long term scenario. It has tested the strong support twice. It may retest the support before retracing. Price needs to retrace before breaking this support.
This is also where many retail traders get rekt'ed because whales like to play this range. Please trade support and resistance only. ...
Good day Traders
The way i see it, Bitcoin is either in an ascending triangle or it has broken out of that bearish pennant which could take us down further to retest our lows, however, I don't think we should be one dimensional with these chart patterns and more often than not, an open mind is required (and proper risk management) if you don't want to ...
welcome to another free signal!
Important: Wait for the retracement down to the trendline and wait for a trigger!
Target 1: 1,284
Target 2: 1,29
Targt 3: 1,29508
LEAVE A LIKE AND A COMMENT - I appreciate every support! ...