Flow in the accumulation zone!!!The price is still in the Global accumulation zone, as soon as it leaves it beyond the level of 0.703 with consolidation, this will mean the beginning of global growth of the asset!!!
The purchase levels under the "Impulse" strategy were:
Global 0.413
Local 0.410
Buy zone 0.497-0.348, level 0.416
I don't see the strength yet! it is possible to return to the zones: Local 0.560-0.311 and Purchases 0.497-0.348!
The price of the total volume is 0.445 - for those who do not remember, or do not know!
This is the average price of the largest traded volume, and since the price is at the bottom, it is (the average price of the accumulated position at the moment)
Good hunting to all!!!
Impulse
1INCHUSDT.P 1H long trade at resistance5M chart allowed to enter early
Aggressive trend trade 8R
- short impulse
+ resistance level
+ biggest level T1
+ biggest level 2Sp-
+ weak test
+ below first bullish bar closed entry
Calculated affordable stop
1 to take profit (can extend to 1 to 2 of 1H if closes volumed Sp)
1H chart situation
+ long balance
+ resistance level
- expanding ICE level
1D chart context
+ long impulse
+ significant bar level
BTC/USD: Bull Market Confirmed! Here's What's NextAfter careful analysis, it's clear we've entered a bull market for BTC.
The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways:
The trend from 23rd November 2022 presents as a robust bullish impulse.
All impulse waves and corrections looks nice and well-balanced.
The waves within this trend are well-proportioned and align with various Fibonacci levels.
It's almost too good to be true!
We're currently riding wave 5 of the initial bullish impulse. Expect bullish momentum to persist until the end of November. Following that, prepare for a retracement back to the ~$25000 region before we launch into a massive bull run for 2024!
BTC KEY LOCAL AREAS MAPPED!Bitcoin is currently trading below a local SFP level and is looking to cool off a little bit over the weekend, possible coming back down to the golden pocket mapped out below (Orange Double Lines). If it does reach that zone, I would expect price to keep climbing in the short term, but anything can happen.
Lets see how this all plays out.
This is a great area to long BITCOIN using the right risk management.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
SILVER - Catch Wave B!Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure.
It appears as the bottom is in so we can use the lows as invalidation level.
Trade Idea:
- you can either enter now with stops below the lows
- Or wait for a pullback (retracement) and enter with stops below the lows
- Targets: 24, 25, 26.
We may make an expanded or contracted flat correction so just manage position as we move higher.
Goodluck and as always, trade safe!
FTM in the purchase zone!!!FTM price is in the global buy zone 0.27-0.12
The purchase level of 0.19 is below the volume price - 0.2407
The price of the total volume is 0.0174
Test: A new purchase level has appeared on the chart! (green dotted line) 0.1831
USDCAD ForecastPrice is trading in an impulse phase, projecting a potential wave 4 minor drop then making a wave 5 high. Wave 2 retraced more than 61,8 Fibonacci level which tells us that wave 3 will complete at 2.618 Fibonacci extension level. Often wave 4 retraces 38,2 of wave 4. Also, keep in mind a base channel.
XAUUSD ForecastDouble correction formation in the upside direction. We're trading in the last leg (Y) potential A-B-C zig-zag pattern. The long side won't last too long we have to anticipate the price to reach the 78,6 Fibonacci level.
Often times waves (w) and (y) are equal we can use that idea to look for wave (y) target which in this case correlates well with Fibonacci level.
BTC is a possible outcome!!!Why do I think so?
According to one version, the growth ended at 68944.62 with the
fifth wave according to Elliott's theory, from the entire movement of Bitcoin since 2010!
The price is lowered to the level of 15495.37, which may be the first wave
Adjusted by 31799.86 (second wave)
And it can give a third wave to the new Global zone 7577.63-3629.76
By making the current Global Zone a zone of Control at the highest TF
According to the second version, the fifth wave ended in December 2017 and was corrected in three waves into a triangle!
Then
From the current control zone we can go to the level of 48191.03
Or give a correction deeper at 22140.02 and from there it will go to the level of 48191.03
And then HIGHER!!!
I will attach a global screen!!!