Overview
In this analysis of the BTC/USDT pair adjusted for inflation using the M2 money velocity (M2V), we examine the key Fibonacci levels and potential reactions from order blocks (OB) and fair value gaps (FVG). This provides a more accurate perspective on Bitcoin's price action in the context of inflation.
Key Levels and Analysis
Current Price: BTC/USDT...
Gold has been on an uptrend path since a new low was updated at 1812 (Friday, 6th October 2023. The bulls took over from 1812 until there was a break of structure when the price updated the LH from 2013 (11th January) to 2002 on Wednesday, 17th January 2024. The break of structure could mean that if gold price fails to retest the recent HL of 2061 on the Daily,...
Price is approaching 78.6% Fibo and it forms harmonic pattern. Price already reacted at the level of 0.8700. Risky trade against the main trend. Trade carefully!
On the H1 price is currently consolidating, building liquidity before shifting to the next move. With the struggle of price breaking down, to continue further going low, I'm keeping an eye around 1.22500 as the area price may return before attempting to go short again.
The MLQP is at hand, will the bears continue to push dollar beneath MLQP but remain in the hesitation zone and reverse at the PRZ? Only one way to find out
EUR/USD: Bearish Wolf wave detected
+Broken trend line
+MACD is growing lower.
+Reachable Bollinger Bands on the downside.
However, be careful, because we could have a rebound:
+ Bullish harmonic pattern and its PRZ
+EMA.200 in target.
+ Reachable Bollinger Bands on the upside.
Hello and welcome to this analysis
In the weekly time frame it is showing a strong reversal with the activation of a Bullish Harmonic 5-0 pattern.
It could do a rally till 19750 and above that till 23000 as long as it does not break 18750
Good risk reward set up in the current scenario
Hello & welcome to this analysis
WIPRO in the weekly time frame has activated a Bullish Harmonic Alt Bat.
It could be accumulated between 360-415 for upside targets of 525-600.
View goes wrong below 325
Possible forming a new ath for this coin GMX as it will be moving on to its recent resistance to perform a double top bottom, and a plan sell for this strategy to creates another new lower low.
Trade Responsibly.
Looks like we are currently trying to break through and declining our cypher harmonic (white) which also happened to land very close to the 236 weekly fib I have drawn from ATH to lowest lows (red horizontal line)
The shark harmonic (blue) hitting the 1.618 (orange horizontal line) is looking like to be my next target (30700) thats if we do break through...
I'm still eyeing up a bullish cypher (white) and shark harmonic (blue) on the daily candle chart.
If we get rejected at these levels at the 1.414 fib, I'm hoping for the cypher giving a D (buy) target of around 218600. Which was a huge resistance through the second half of 2022 👀
If we can push up 30600ish (C) and reach the 1.618 I believe we may have a shark...
if we complete this confluence of patterns i think the 2024 economy could be quite favorable to nanotechnology stocks. i like the idea of a fund that tracks this as its shown it can steadily climb for long periods of time, although it has overwhelmingly fallen since inception. tracking this is a good market barometer and test of the strength in high tech equities...
Completion of Harmonic Pattern
Falling Wedge Top (Trendline Resistance) Breakout is observed
Formation of HH, HL
Double Bottom Formation
A good potential setup with small SL is available for short term ride with further potential extension.
trail SL
After a long period of consolidation, GU has finally dropped. 4 hits to the high, the fourth hit being lower than the 3rd. I aspect some level of correction from the market to head towards the 61.8. I believe the MM would like to collect some money off any short sellers still holding and trick traders that it's going long, just for them to drop back down again....
Hello and welcome to this analysis
In the daily time frame is in the PRZ of a Bullish Crab.
An hourly close above 500 could see a bounce (if not reversal) till 600-650 with 440 as an invalidation of the pattern.
All the best
