Lets analyze BTC once again. @VincePrince just posted same flag while I was writing this :)
BTC making a huge bear flag
We plotted 3 resistance which is in play (which can you help scalp the BTC)
2 resistance are from ATH of May and Nov
1 is a local resistance.
Trend based Fib time
Price is squeezing between...
Since SPX is rejecting from the 1.618 extension almost exactly, it's looking to me like an Elliott Wave impulse starting a wave 4 correction. That would bring price down about another 3% to the range POC/.382 - .5 retracement (a zone around the top of wave 1). Speedfan and fib time pull for approximate time.
4525.75 would be a logical reversal point with confluence of .5 fib, .618 speedfan, 1:1 fib time, VAL since last low, and previous resistance (S/R) flip level. It would also be the last place to hold a higher low and not switch to bearish market structure on daily timeframe.
Here is an Elliott analysis in the big picture, of course we have to adjust EW again and again. Green is the bullcount, red is the bercount. But let's get started.
Wave 1 began after a long sideways phase at around 3k !!
I can well remember when the crypto experts called for 1k and the fear level was extreme and BOOM, Wave 1 started with a short...
Here is a count for FB starting at IPO. I've thrown in an andrews pitchfork to determine confluence as well as fib time analysis to see what shows up. Some interesting results for sure.
Basically im expecting FB to climb to 350ish by EoY for the B leg of w4. It should then spend the next few months heading down to 260 for its w4 target. This level shows a lot of...
the fib time zones have been pretty accurate at predicting pretty substantial moves down to practically the hour. i know because ive traded the last two and it worked out very well. generally about half way through the trend reverses again, just to reverse yet again at the next fib. just a rough prediction of possible price action based on this, and...
This chart is a combination of 3 Fib channel, Fib retracement and Fib time !
Confluence areas of the fibs are key price zones to watch❕
No trading advice , just a roadmape.🗺️
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Updated previous idea on the DOT bull run-consolidation-bull run-consolidation pattern.
Adjusted the fib time series to better match earlier data series. This adjustment fits the current consolidation period much better.
We are at the end of the current fib time zone which corresponds to a consolidation period. So if the pattern holds, we can expect a bull run...
The chart shows a fib projection based on a technique where the measurement is taken from low to low. In this example, I used the .236 ratio and connected it with the recent higher low and expanded the movement in direction of the original price move according to the Fibonacci Section ratio. An interesting technique that is not so popular among the traders here.
Hi guys, I got this idea today to use retracement fibonacci but to get it's extended values, combined it with time fibs and circle fibs and see what looks more reasonable. It is just a draft, but I use to publish my drafts so I can check and see it later.
I think on the positive scenario halving and usd inflation shall push things upward, not too much to say...
Looking at the 1H it seems to be important to watch the RSI. When it starts coming down we can get back
into the wedge that leads us to 8850. This will cause a double bottom with the 28 januari wick. The fractal from a similar time when this happend is confluent with the downsloping
I am not inline with this. But as a reversal Elliott Wave trader I always draw scenarios because this strategy is a double edge sword. Only having 1 bias is not ideal. Basing on market psychology on my experience if we break this trend line likely it's a bull run. On descending/ascending triangles it often forms a new trend rather than fakeouts like...
Ok guys, I am a bit too optimist to nail std fib, time fib and circle fib all together. Changes are very slim so take care and always use your risk management. Target on chart, both level, time and curve. Let's hope I get it again.
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...
Gold is hitting an important Fib time level - 1.38 extension on weekly and it already hit 2.618 daily fib time extension. Both coincide as you see. Usually, there is a change of trend when price hits 38 Fibonacci time extension. On monthly price hit the support, the cloud bottom (Senkou span B). It hit lower Bollinger band (100) and 38 retracement, Gann angles on...