Scenario : After a strong rally, BTC entered a surge around the $37,000 mark, breaking through this zone and gaining a new momentum. With the monthly chart aiming to form a bullish pivot, the daily and weekly charts are highly stressed, requiring a correction.
S&P 500 : Healthy, attempting to form a bullish pivot on the monthly chart. Strong resistance at 4600...
Hello everyone,
I've observed that Matic has been accumulating above a robust Fibonacci level of 0.786 over the past day. This indicates that there may be a good entry point with a tight stop loss just below the recent lows. In this case, the risk-reward ratio looks particularly favorable since if the 1.25 level is broken, the next substantial resistance level is...
The position has been accumulating for over 300 days, the price has surpassed all lower zones and removed important external liquidity, the targets remain only higher in the form of EQH.
A good reaction to the FF imbalance can be seen, and now this reaction should lead to the removal of EQH.
Against the potential decrease in dominance and signs of strength in...
I anticipate a more significant correction for the upcoming market movement, as the current one seems insufficient. It's important to practice Dollar Cost Averaging (DCA) since there haven't been any fundamental changes for Bitcoin
Hello! Based on the chart, it appears that the 0.618 level has held as a strong support. Furthermore, there has been a decrease in BTC dominance, suggesting the possibility of a breakout from the local trendline with an impulse towards the next Fibonacci level or even the all-time high (ATH).
Looking at the chart, we can see a period of consolidation where the price has been trading within a certain range. During this time, there has been a high level of trading volume, which could suggest that larger market players are accumulating the asset.
To navigate this situation, it might be best to continue trading within the established range until there is...
Hello everyone! I've observed an interesting development on the 1-hour timeframe - a local trendline has converged with an important Fibonacci level of 0.618. If this trendline is breached, we could potentially see a strong impulse towards the next level. As always, remember to trade safely and responsibly
Currently, ADA is displaying a triangle pattern, indicating an upcoming breakout. However, given the fundamental background, the likelihood of a downside breakout is higher, particularly as the price approaches the 0.786 level.
Notably, the 0.34 area has seen significant buying interest, suggesting that this may be the target if ADA does break the trendline and...
What is ONT ?
The Ontology blockchain is a high speed, low cost public blockchain bringing decentralized identity and data solutions to Web3. Increasing privacy, transparency, and trust, the high speed, low cost, layer 2 blockchain is designed to give users and enterprises the flexibility to build blockchain-based solutions that suit their needs, while also...
The probable pattern here is closely related to the labor market report. We have data coming out on unemployment in the US.
In addition, today the stock exchanges of the US, European countries, and Hong Kong are closed due to the Good Friday holiday.
What pattern?
We have a strong support level + negativity ahead of important data.
Very often, things work the...
MATIC is currently approaching a crucial Fibonacci level that aligns with a trendline created by higher lows. This price range has seen MOST of the recent trading activity, as shown on the chart. Therefore, there is a possibility for a bullish breakout in the near future, especially after the markets close on the weekend. The trading idea suggests buying Matic on...
Based on the observed price action, it appears that MASK has formed a Head and Shoulders pattern, with the neckline coinciding with a significant Fibonacci level of 0.618. If the neckline is breached, there is a potential for a bearish move towards the subsequent Fibonacci level.
We are waiting for the price to return to the zone of strong market buyer profile. The zone will be protected at all costs. We only consider the first approach to the zone with a sharp rebound as a reaction. Open a long position from the target range of 4.628 - 5.0.
AUD/CAD mad a sharp decline in the past day with high volumes on the buying side right before the reversal
In case of further decline to the interest zone, we can see good entries for long positions
Based on the historical significance of certain levels for Bitcoin (BTC), if the current level is broken, the closest new high for BTC is likely to reach 100k. This prediction is based on the fundamental background and previous bull runs, where applying the Fibonacci retracement levels highlights key levels that align with the new ones.
For example:
Bull run in...
The 61.8% retracement level is considered significant because it represents a deep retracement that often occurs before the price resumes its trend in the original direction. However, it's important to note that no retracement level is foolproof and that traders should always use additional analysis and risk management techniques when making trading...
There is a potential head and shoulders formation on the chart, with the right shoulder currently coming in line with a strong Fibonacci level. If this level holds as resistance, it is likely that the pattern will form. Traders can look for possible entries on the break of the neckline. It's important to note that the confirmation of the pattern will occur once...
Share your idea in the comment section of this pair and let's debate
Good Week, Michel_FRX
DISCLAIMER:
1. Be aware this is not financial advice so trade carefully and have stop loss for sure
2. Past performance is not indicative of future results.
