H4 time frame.
Structure: The bullish structure has been broken.
The price was strong down after a successful retest at 1.38000.
After the price breaks the support of 1.37300, it is possible that the price will appear a retracement to the 1.38000 and continue to down.
Wait for the price to retrace to this level and a sell setup appears, then you can trade with...
ETH/BTC Weekly Chart
Wave 5 completion with recent high.
Look for some retracement and consolidation over the next 2-3 months before a strong breakout.
ETH will continue to out ROI BTC overall in this cycle, however, not over next few months. It's Bitcoins turn.
DOT expressed some good performance over the last weeks.
The decreasing RSI is showing a loss of momentum but a further uptrend continuation is probable before a retracement on the indicated supports.
The overall bias is bullish on Polkadot on the next months!
What's your guess?
*Not a financial advice*
The recent BTCUSD movements have proven my perspective from Sep-03 right. We're heading down and a new trend channel to lower regions is about to open. Price retraced from the top of the last mid term rising trend, down to the 0.382 fib level. It retested the 0.236 fib level in a fresh swing to the upside. Now it looks as if it would get rejected there. This...
The live Ethereum price today is $3.436,29 USD with a 24-hour trading volume of $16.184.015.412 USD, -0,15% in the last 24 hours.
ENTRY PRICE: > 3.450 $
TARGETS: $ 3.300-3.200 / 2.800 – 2.700 / 2.450 / 2.200 / 1.900-1.800 /
STOPLOSS: $ 3.900
After its bullish momentum ETH seems approaching now a significant correction , as the price...
We are just setting on top of 50 % Fibs retracements !!!
- Fibonacci retracements are based on the key numbers identified by mathematician Leonardo Fibonacci in the 13th century. Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series.
- In technical analysis, a Fibonacci...
Important things to note:
ADA has retraced to 2.51 completing the double top pattern (M pattern) as I previously mentioned it would.
The retracement confirms where ADA is heading, to 2.0
It is likely to make a stop at 2.2 and retrace a bit creating a new pattern which will tell us more.
BTC has retraced and created a new lower high telling us the correction is...
Important things to note:
If you want to see the overall plan for ADA look at post "ADSUSD A Price Movement Roadmap (All futures moves will correspond)
ADA has closed below channel but will retrace to 2.5, retest 200MA if bullish, or just fall to my target of 2.2.
ADA price is offset to BTC price moves which is why I believe move to 2.2 (may settle at 2.25) is...
H1 time frame.
Structure: after breaking the uptrend, XAUUSD made a strong downward move from 1834 to 1783 but there was no confirming the downtrend on the 1-hour time frame.
Now that the price has fallen near the support level of 1775, it is likely that when the price reaches this support level, there will be an upward move to form new highs and lows confirming...
Gold is in a bullish trend after breaking market structure on the daily timeframe . Price just needs to retrace back to 1800 zone/ orderblock that formed after BMS, and then we'll load buys to 1850/1869 to fill up the imbalance.
Another interesting area to look for a buy is around 1814 area which has just activated with stops at 1804
After BMS at 1.3753, price retested the nearest OB on daily and rallied up. We continue to see the rally and we have just filled an imbalance in 1D. We could see some sells from here.
Alternatively, we could continue to rally up to the weekly OB at 1.4065 where we will look for sells
BTC Diamond Top is in play, a bull flag is being formed which would take the price to $51,000-52,000.
We would then look for BTC to make a break down to complete the Diamond Top pattern, target is $35,000-38,000.
I will keep you updated with how it plays out.
FIGS is going to bring us a considerable profit !. How much? lets follow the idea.
FIGS reacted nicely to strong support (34.13 USD) formed by two different types of Fibonacci after an abc form of correction shown on the chart. A considerable up ward move started after the mentioned correction which seems to be the wave 1 of a new 5 leg up going wave. After that,...
The live Bitcoin price today is $47.484,57 USD, -0,10% in the last 24h, with a 24-hour trading volume of $33.399.961.250 USD.
Since the 20% correction of 7th September, BTC price found its support at 42.7k level and it is now already up 10%. After multiple times testing the support represented by the lower band of the Keltner channel, on 13th September price...
Important things to note:
This is exactly what an auto fib tool tries to do.
Auto fib tools are only semi accurate.
Doing it yourself is far more accurate.
A fib should be used in conjunction with targets from patterns.
This is how I come up with my price targets and calculate larger movements.
I hope you can see the pattern that form and why they form.