We currently have a selling candle but not a strong one. The wicks below are currently longer indicating buyer strength but the candle is closing lower so far so mixed signals at this point. Hate to sound like a broken record (do many of you even know what that means lol - "What's a record?") but this continues to look like more consolidation around this 23.6%...
Possible short on GBPUSD depending on the next opening price. No RSI confluence but the pullback is showing an L3C candle, at a 0.786 fib retracement level.
Enteries - At market order once opened/Stop order just below lows of most recent candle
Stops - Above structure looking left
Targets - At the retest of previous level/extended targets
Pols is good gem. Bullish in mid to long term. Following uptrend channel.
Market cap is good and has potential of 3 to 4x in mid term.
Coins in circulation are 81 million out of 100 million.
Set targets according to trendline and fib retracements.
Also forming cup and handle
Not financial advice
I and others who try to spot patterns in charts are starting to see a lot of similarities compering bull run from the 2008-2021 and the one from 1921-1929. You can clearly see that patterns are profoundly which to be honest, it keeps me up at night. Stock market as well as crypto market are VERY high. In last few years/months. everyone wants to become a day-trader...
0.618% Of Fiboancci retacmnet
Let's find reason in the previous fall of Bitcoin from 53K:
AS you saw BTC started to dump from 53K and the chart is the same like here let's have better look:
and most of the time it is...
Ok we had the ATH and we are all happy for that but remember to not be too greedy.
Crypto is very volatile, you are on positive balance and after some days see only red numbers.
So for help you for hold breath underwater i write the optimal buy entries for newbie trader or holder.
Of course if we will have another ATH the fibo retracement need to be adjust.
Let's make some experince. Pick up Fib retracement tool and hit ATH point and then hit the bottom point for BNC:BLX . Let's repeat this for 3 ATH which are 2011, 2013 and 2017.
Did you see intresting coincidence, didn't you? BITSTAMP:BTCUSD always pulled back to fib 1.272 after crossing the ATH point.
The next ATH was at the fib 2.414 level. If...
USDJPY on the 4h chart reached the weekly resistance.
The price after the bullish impulse started a retracement move and according to Plancton's strategy of the market will provide a sign of inversion at the 0.382 we will set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
- Aave is an Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets.
- Current rank 30 on coinmarketcap + Volume 24h $651,835,502.
- This is my Elliott wave count - we are currently in the next Impulse wave to the upside!
- Next target is 1:1 trend-based fib extension for next Elliott wave.
- For expected duration of the trade,...
The latest volume spike on SLPUSD could mean a huge chance for reversal for SLP.
These are potential fib targets. Think they'll be hit? Who knows. But SLP and AXS (both crypto belonging to the Axie Infinity game) tend to move very hard, very quickly.
Do you want to spend capital on this potential move? Let me know. It's certainly an interesting prospect. Is it...
We will continue to post what we *think* is happening, and will happen. But here you go. Reputation on the line, this is what we are predicting will occur, presented in a series of steps with dates and prices:
1. BTC will reach out to its 4.236 Fibonacci Extension and reach a peak value somewhere between 74k and 85k. The 85k (high end) represents a 1.618...
Hello dear friends, keep in mind that bitcoin
In four days it has reached over sixty thousand and the ceiling
Has broken the channel and has twice had a pullback likely again
There will be a return to the channel and if it progresses
Above 62,500 we can see higher price caps
Hope you all have a nice day my companions!
I did this analysis based on fibonacci, volumeprofiling and background news.
Fibonacci shows us a strength resistance around 11.30$, this need to break before we can estimate further price movements.
the volumprofile is confident around 10.70$, this is mostly the target in the next days/weeks - lets see.
Friends, keep in mind that bitcoin is a resistance
It is heavy, which means that it may not be able to continue to progress
And in the event of a fall, there are two areas of support, the first support
Level 1 is Fibonacci if done in case of short correction
Level 1 is suitable and in case of long correction the range is 53136
It will be...
Today we are taking a look at our Frankenstein Fractal-Fibonacci-Trendline Chart with 2hr time bars.
We questioned, in the past, exactly "when" we were in the fractal. We have also discussed the upcoming final drop/shakeout before capitulation to new ATH's, which undoubtedly will be brought on by a catalyst of some kind, whether it is XRP specific (SEC...