Question is do we have an overthrow at play? If yes the IWM needs to get back into my channel and not reject here off the bottom channel TL. A rejection would almost certainly equal $138 and invalidate the 5 wave intermediate structure.
Weekly TF is trying to turn bullish and make the C wave bottom of the minor 4th wave and could be starting the 5th wave to the fib extension target 5430 and probably over shoot.
the price created a clear M pattern and the price retested its neckline as new resistance on 0.5 Fiboancci level. The price created a big spike too on the supply zone. How to approach it? The current area is very hot for the market (20k). IF the price is going to lose the support and retest as new resistance we could see a new bearish impulse until 18-17500k area,...
#BTC/USDT $BTC under middle line of descending channel, fib levels show $13k and $8k are not so far away!!
Possibility of BTC mimicking the extended fifth wave seen in A, taking us to approximate values of 12300usd, thus approaching the MA 100 M. Let's see what the next sections have in store for us.
Hourly Chart MACD on 0 RSI Momentum is showing Divergence Fib Level Targets 1 and Resistant at 135.8
Daily Chart Wait a possible emerging breakout and retest of the current downtrend MACD is approaching the 0 with momentum RSI has moved from the oversold Levels. We have World Cup Football Promotion Possible emerging Right Shoulder Formation (Head and Shoulders) then retrace to existing neckline. 3 Fib level extension targets.
Lowest RSI since genesis Lowerboud channel hit .786 confluence area Close to accomulation zone
The price is creating a rising wedge on the 4h timeframe and after the rejection from the 1250$ the price is testing the dynamic support. As you can see the price got a rejection exactly from the 0.618 Fibonacci level, it's a key level. How to approach it? IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy...
Daily Chart Parrallel Downtrend potential bottom intersection just above the 2.618 Fib and 3rd consecutive indentical possible 510 day cycle period.
Expect the potential three taps on the highs. The stop is at the 1.272 based on the range.
Hello dear traders! Bitcoin has been trading near the crucial level of $20K during this week. Though it has been trading a little above it mostly, there have been a couple of wicks below it as well. We already have seen the hidden bullish divergence on the 1W timeframe. RSI is oversold but it is turning upwards now. There is a good chance that it can bottom out...
On 2H TF BINANCE:AVAXUSDT has completed the first impulse wave at 18.5 and moving up to 23, right now. Avalanche needs to test at 18.15 before rally. That level for catching with stoploss below 16.9 Besides, AVAX's a resistance based on trend line at 21.6 What next, wait and see
With main confluence from MACD , Stochastics, RSI and MTF EMA's, I am expecting a run to 69.28. Momentum looks to be rising on the Daily, but if you look closer on January 26th we see divergence on the MACD indicator (Orange). While price reached a low at that time, MACD has been steadily rising. Price has been driven lower through this time but MACD has been...
BINANCE:BTCUSDT Entry price : Stop loss : volume : ------------- take profit 1 : take profit 2 : take profit 3 : ------------ R/R :
I marked the blue 1.618 extensions that indicated the top before. When the 0.786 marks the local top, the 1.618 seems to indicate the next cycle's top. This cycle the 0.786 is at practically the same price as the 1.618 extension of the previous cycle !!
OANDA:EURUSD is edging higher towards the upside target around 1.07000. A move back to 1.0520-1.0540 would be a low risk opportunity to go long. At the upside target there are a lot of pattern completions, this would bring the DXY down as well before it heads higher towards its upside target of 121. Enjoy the day.
This $20k level seems very important and should give a clear indication soon if it can hold for support with a short-term outlook to test $22k. If not, A test of the .618 would re-test 19k and a full re-trace would leave it around $17,585.