I have another chart for KDA with a cleaner price action moving into the middle of December 2022. I have two price targets which are $0.46 at the 1.68 Fibonacci line and one at $0.59 which is another Fibonacci line. From the previous top, we had a 43% drop in price, and taking the same percentage drop into this recent possible high would bring us down to the 1.68...
So, if the pound is weakening or the commodity pairs are generally strengthening, I could see a scenario where the GBOCAD breaks lower today and goes on a short-run lower. Or, price retraces back towards the recent highs, fails and then heads for a bigger swing low.
We had an descending tunnel in many TF, however was crossed, but right now is coming back to the tunnel what show us a big probability of cointinue the short strategy.
Lets wait to see what will happen to the candle and if could cross the BB lower line
Could we be seeing an inverse cup and handle pattern forming here? Looks pretty close to one if you ask me. We have this trendline that has yet to be broken since the high of $69k for Bitcoin back in April 2021. I have a hunch Bitcoin will possibly try to break this yellow descending trendline and then make for a serious correction to the downside possibly down to...
BCH has always followed in the foot steps of Bitcoin rightfully so consider BCH is a soft fork of Bitcoin itself, hence the name Bitcoin Cash. Over this past cycle Bitcoin Cash has managed to perform above average in my opinion. I am one of those people whom believes that BCH will follow the price of Bitcoin itself and will one day be worth over $20K although that...
I think it's about time to admit we can't keep going up forever and there are levels down at the 20K zone that we never got back to when BTC took off after the pandemic I could be wrong but if you'll look at the circled tops I have here the patterns look awfully similar to the pattern right before the big dip to 30K just food for thought
Please like and comment as it pushes me to keep creating content on pairs and my bias on it :)
-This is merely MY outlook and not advice on what YOU should do just my opinion on what I see - yonsfx
SHOUTOUT FCI & PIPTALK
Traders, Bitcoin has broken the lower trendline of the rising wedge and tested it already
Targets now around 40.000 - 42000 USD which is also horizontal support.
It would be very good to board new traders at these levels who missed the boat to the last all time high. Then we can all join a new ride to 80.000 +
Following NFP, USD is up again. Here we are waiting for the price to approach our support and lower trendline to go for long positions.
If you like the idea, support us with a like and follow.
MacroForex
seems we could have topped out, i could be wrong as bitcoin loves messing with your mind, but im seeing the top maybe as we just are not moving at all as there isnt no volume, that drop lastnight was scary for alot no doubt for alot people, , lets see what happens , its only a idea but could play out
From top that makes HHb (Higher High Break), then bottom that makes LLb (Lower Low Break), i'm looking at sell entry at Fibo Musang level 23, then TP at nearest level 161.
this is trade 133 frm haidojo trading...
the current low of 1547/or the impulse leg A has been violated...so both advanced patterns are no longer valid...
In term of price-action, 1560 has turned frm support-to-resistance...but formation of lower-low at 1540 is too close to the previous one...
from the past experience, this might indicate a possible reversal to...
