Update from previous BTC chart noting 30k area as a Buy!!!. Still holding my position. Other than some minor retraces I see no reason this level will not be achieved..
Follow green lines to $64k Dorothy...
Good luck to all.
There are many patterns inside this recent move. 3096 is a key level inside this long wedge.. they are playing both sides.
Any market open weakness Tuesday I am looking for AMZN to bottom and complete Pattern and fill prior Gap(blue)
Then I am anticipating price will complete Take profits of Cypher at 3270 area and fill in some imbalances.
It all measures out...
BA is in take profit mode.. basically using the top of the move $213+ algos will retrace at minimum down to 61.8 fib.
Best entry short was $213 so manage trade carefully with stops.. You can use the 20sma on the Daily as a guide as price recently rejected perfectly showing short term sell bias..
There is some price imbalance below so there are alot of things to...
$420 is short area... levels given... expecting retrace to $380. (38 fib).. cover area.. but def gonna pull.
Aggressive is short off $420 with stop above you can handle.
Price will react off fib levels provided.
SHARK pattern reversal.
Previous pattern Deep Crab completed back to a Double top (love overshoot grabbing some Stops) and now created a Cypher pattern to the 786 retracement.. Spotted before close went short with a $1 stop over todays high to protect against stop hunt.. AMD in take profit mode so Cypher lines up perfect down to target.
Less aggressive play is to wait for break of B...
Target close.. looking for reversal to long Term Trendline.. which is an approximate 61.8. Fib.. I expect a large stop hunt with a hard reversal to LT line - using a Weekly to show how its been respected.... approx 362.. with anything draw shorter term timeframes (1 Hour).. very high probability.. dont go short till you get confirmation but extremely high prob....
AMD completed Pattern and now in take profit mode.. $45 area lines up with perfect 618 fib take profit.. line drawn as B point is 50 retrace and that will be support then catalyst to the target.. very high probability $45 before taking out recent highs..looking to start a position at $45 rather than shorting to there right now.. good luck trading friends..
HD Cypher pattern. measures out to D point completion. Notice how price had to exceed D point slightly to hit long-term Fib Level.. take profits are in green so as long as price remains above recent low you may have buyers with you to green take profits.