Based on the chart, $BTC has been corrected to 20,700 which is above 50% fibonacci retracement. So, in the short term TF we might see $BTC trading range tightened in 21,700-23,800 range. If breaout from 161% fibonacce could take place, we might see a bulish continuation to 28k - 29k price range.
This TA is purely my personal opinion and is not financial advice. keep DYOR
Hello Traders, -----------> (see picture below for better view) <----------
I just wanted to take a look with you on how Powell Appearances or Fed Minutes & Press conferences have affected price action.
Above is a quick look at that and a very near-term prediction of SPY.
Of course, Powell is a very well spoken man,...
We see on this ROSEUSDT daily chart that the price respected that strong trend line, cause we see a rejection when the price touched that line after an accelerated downtrend, if you go back to the 4h frame you will see a clear rejection from that trendline, also we can easily recognize the head and shoulder pattern, so to get more confirmation we saw that the...
If the 200 period MA supports the price, it seems like a good buying opportunity with a stop-loss order below the local low at 1750 USD. Price quotations over 1900 USD are a good sign for continuing the bullish trend. At least targeting the ATH at 2600 USD.
My main way of trading effectively is through pattern recognition that confirms future price movements based on past movements when seeing the same patterns in the chart and the indicators. I also use fractals and some other methods when I can't come to a decisive conclusion.
As you see here, we have our Bearish Pennant, and inside it is our consolidation after...
Ethereum has just repeated a previous pattern, opening up the path to a rise of about 22%.
From the above analysis, we can clearly see that over the past three to four months, ethereum has mainly moved between two channels; an inner/secondary channel and a main one.
The first time around, a double bottom on the main channel led to a break above the inner channel,...
First of all there is a nice looking wolfe wave pattern and the price breakouted the pattern line
Price made a correction to fibonacci levels.
Then went to the ABCD pattern points
The breakout volume is nice and the macro correction is to the fibonacci points are nice looking.
Also another ABCD pattern is possible.
If bullish trend continues those levels are...
