expecting bitty to bottom at circa 20.3k, but seems market stabilizing ahead of my bottom target, will long bitty with stop loss at 20.9k in case market will go against my trade. long target for my hourly chart is around 26.8 to 28k the daily 200Moving Average.
NQ currently has an immediate resistance turned support at 12900.
Near term support zone is between 12750 - 12900.
12750 is where I marked D which is a confluence of:
1. the 100% fib projection of the previous correction from A to B (projected onto C)
2. the 50% fib retracement level of the BC mini swing up
As long as NQ does not go below 12750 (+/- 50), it is...
BTCUSD's Fibonacci Tea Leaves May Provide Some Helpful Levels
BTC's Downtrend Since November 10, 2021
BINANCE:BTCUSDT (BTC) has been in a downtrend since its all-time high of $69,000. But it has trended higher in a fairly choppy pattern since its major low on June 18, 2022. Many debates have arisen over whether BTC and other cryptocurrencies have found a...
BTC May Have Stalled Right at Symmetry Resistance
BTCUSD may have stalled today at symmetry resistance today. The symmetry resistance is measured using a Fibonacci-style projection (called an extension on the TV tool settings). The levels derive from projections of prior counter-trend rallies since the YTD low on June 18, 2022.
The first symmetry resistance...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
Despite the horrendous sell-off in the past week and all the negative news (omicron variant, bond tapering fear, persistent inflation), the fact remains that NQ's uptrend has not been breached and we are still only in "correction" (and not "bear") territory.
Nasdaq is now at an intermediate support, which is:
1. a prior resistence turned support at A
2. 50% fib...
On this chart it can be seen that Fib circles correspond to opposite peaks within the current uptrend (red ovals)
I'm not sure of the correlation and causation of this, but it is pretty cool to see
Price will likely continue up through the channel placed
XRPBTC is within a huge symmetrical triangle
Its not a matter of if, a matter of when.
Above is the "fib circle dump" scenario. I have applied this inversely to the XRPBTC chart, which would implicate a moonshot along the side of the circle
This is going to be a textbook Fibonacci retracement from a clearly exhausted rally back to 0.382. Keep an eye on this set up it will happen quick and continue on its upward macro trend. The high impact new coming out of japan will help the downward pressure to 0.382....a key natural level.
This is not financial advice.
I see BTC going back to its ATH , and if price breaks above I see it heading up to the next fib level which is 75,525 ish- on this monthly fib circle.
Price has reacted and respected all previous Fib Circle levels.
My sell break and buy break areas are listed there.
If it breaks my by break at 63993 it will go to the ATH at around 64,745.0 Here price will...
According to Bitcoin, which is being reformed, most currencies
Almost have a fall guard but if the atrium fails
A break in the 3470 range could be as high as 1 Fibonacci support
Have a fall and then be backed up again