There is a high probability we have created the high of 2018 BTCUSD is Bearish Sentiment right now ETH is also found around 425 USD FOMC Meetings on Wednesday with a Supercharged New Moon = 2% Interest Rate decision thank you Federal Reserve Thank you traders Thank you buyers and sellers Thank you market participants Let's Learn Keep Trading Value defines...
D1 - Triple cycle down completed, price is currently trading at the 50% correction of the previous down move which is a strong resistance zone. H4 - We have a magnet zone based on the 50% fibo retrace zone of the daily triple cycle and the top of the bullish channel. Price has reached the magnet zone, we may now look for evidences of bearish pressure and then...
D1 - Price broke below the uptrend line and is currently moving inside a bearish channel. Price is at the middle of this channel. H4 - Potential double wave up forming. We have a magnet zone that has formed based on the 61.8, 100 fibo levels and the top of the daily bearish channel. If the price manages to reach this magnet zone with bearish divergence to form,...
H4 - The price has reached the magnet zone formed by the bottom of the channel and the 61.8 fibo extension level of the double cycle and is currently moving higher. We may now look for evidences of bullish pressure and start looking for buys. We may look for buys until price reaches the top of this bearish channel.
H4 - Bearish divergence, we may expect the price to move lower and respect the uptrend line again. We are expecting pullbacks to the zone marked in the screenshot and then the price to move higher from there. Invalidation : If the price breaks and holds below the uptrend line then this setup is invalidated (False breaks can be neglected). D1 - We may expect the...
D1 - Price is nearing the top of the falling wedge pattern. We have a magnet zone based on the 261.8% and 61.8% of the first leg of the two double cycles which coincides on the same zone with the top of this wedge. Price has currently reached this magnet zone, once we get evidences of bearish reversal we may start looking for sells. Invalidation: If the price...
D1 - Price is at the middle of a bullish channel, bearish divergence forming. We may now expect the price to move higher until it reaches the top of this channel and a bearish reversal to happen from there. H4 - We have a magnet zone based on the top of the daily channel and the 100 fibo extension level of the two double cycles. Once the price reaches this...
H4 - Triple cycle up forming, based on the fibo extension levels of the two legs, we have a magnet zone. We also have a bearish divergence. Price is nearing this magnet zone. Once price reaches this zone we may expect a bearish reversal to happen. We may then start looking for sells with the breakout of the uptrend line.
H4 - Special cycle completed, currently a retrace is happening in the form of double wave up. We may now expect this retrace to happen until price reaches the 38.2% – 50% fibo retrace zone. Once the price reaches the magnet zone, we may look for evidences of bearish reversal and then we may start looking for sells. Note: The conditions here are really good,...
H4 - Triple cycle completed, currently it looks like a correction is happening in the form of double wave down. Once the price reaches the magnet zone look for confirmations of bullish reversal in the form of bullish divergence, false break, trend line breakout, etc... We may then start looking for buys.
H4 - Looks like special cycle is completing itself, price reached the magnet zone, we have bullish divergence. If the price moves higher and if we get more bullish evidences in the form of false break and trend line breakout. We may then start looking for buys expecting the price to move higher until it reaches the 38.2 - 50% fibo retrace zone.
H4 - Triple cycle up forming, we have a magnet zone based on the fibo extension levels of the two double cycles. We may now expect one more push higher with price reaching the magnet zone and a bearish reversal to happen from there. H1 - Price is respecting the uptrend line so far. We may now expect one more push higher with bearish divergence to form. We may...
D1 - Price is moving lower towards the bottom of the channel. H4 - Bullish divergence, double cycle down, the 100 fibo extension level of the first leg coincides with the bottom of the daily channel thus forming a magnet zone. Once the price reaches this magnet zone look for evidences of bullish reversal and then we may start looking for buys. Invalidation: If...
H4 - Triple cycle up, the third leg of this triple cycle is moving higher towards the second magnet zone. From this zone we can start looking for a possible stop and retrace signs. if we can see any, we can think about some sells from here. If this zone doesn't hold, we may then expect the price to move higher and reach the third magnet zone and may look for a...
W1 - The price has reached the bottom of this channel and if we didn’t get a valid breakout here (false breaks are acceptable) we may then expect the price to move higher again. D1 - We have two magnet zones formed based on the bigger and smaller double cycles. We may expect a reversal to happen from any of these magnet zones. Once the price reaches the magnet...
W1 - Price is currently near the top of the range, price has also reached the magnet zone and also a bearish divergence has formed. D1 - Two potential false breaks and bearish divergence. H1 - We may now look for pullbacks and then sells. Invalidation: If the price moves higher and breaks above the last high then this setup is invalidated.
D1 - Potential hidden bearish divergence forming. H4 - Double wave up, price has reached the first magnet zone that has formed based on the 100 fibo extension of the first leg and 38.2 fibo retrace of the triple cycle. We also have another magnet zone that has formed slightly higher based on the 50% fibo retrace of the triple cycle and the 161.8 fibo extension of...
H4 - Price to move higher and reach the magnet zone around 1.60. Bearish divergence to form and then look for the sells with the breakout of the uptrend line. More conservative approach would be with the break of the most recent low.