We have long opportunity once we break ~1.7687$
I'm expecting that we break above B and then test the red supply line.
Once 1.7687 becomes new support level we should go higher and break supply line all the way to 0.786 or 0.886 Fibonacci ratios D point at PCZ ~1.9369$ or ~1.9957$.
Entry: Break B ~1.7687$, back test it as support.
TP1: 0.786 - ~1.936$
Bearish divergence on 1H and 4H
Low time frame painting a descending triangle.
First target is measured moved of the triangle at ~306$
Second target is the 0.618 Fibonacci ratio at ~289$ perfect alignment with a previous top.
Idea would be invalidated if price breaks above triangle red resistance at ~329$.
Potential weekly bearish divergence.
V shape on first stop with big red volume, rounded top distribution and lower on the second. Potential Adam & Eve. Neckline around ~0.7
0.54 level should be watched, this might be a strong support.
Making a higher high would invalidate this idea.
BTC showing hidden bullish divergence on the weekly.
4H showing bullish divergence on MF RSI and on MACD. Volume spike suggests bottom probably in.
1H forming a ascending triangle so a good entry would be breaking and retesting the triangle at ~51300$.
Target should be the...
Hitting resistance on 1.618 FIB of previous wave.
Finishing harmonic pattern. 5 Elliot wave count.
Daily RSI on bear div, not confirmed yet.
Expecting ABC correction to drop to at least ~2300$ to B.
Making a higher high would invalidate this.
Daily wave counting looks exactly like Bulkowski Ending Diagonal Triangle Elliott Wave Pattern.
This pattern analysis is not a completed.
I'm expecting a throw over so a potential short should be between ~76k and ~70k.
I know that this is a pretty large range but those are...
BTC losing steam on 1H and 4H. Short term looking like a short.
Looking for support between ~56470 and ~55300, 0.618 and 0.5 Fibonacci ratios and above previous red resistance trendline and above support green trendline.
Looking at the 1H volume spike we can see where the top...
DXY presenting bearish div on the daily.
BTCUSDT 4h 1h bullish div.
Target should be B ~58430 but channel should be respected so TP could be D at ~57200.
Exiting the channel below ~50k would invalidate this idea.
We just saw a bump and run reversal top.
Looks like text book material.
Volume profile is showing where previous price action will act as support.
Also Fibonacci levels 0.5 ~30800$ and 0.618 ~37500$ line up with volume profile and price action.
On the low time frames...
As promised I'm providing a detailed look into using TA in combination with FIBS S/R indicator.
So we are going up by a lot and we get this big "overcooked" signal on the 1H.
Does it mean we should go short right away ? No because we can still go up. So wait for the signal for the price to cross under R5. That...
I've already explained some key points on the chart.
Volume shows top is in.
My initial top target was 1.618 BC blue Fibonacci level.
I believe we current leg up started in Sep-Oct. This is where I placed my first golden Fibonacci extension.
From the breakout to top green Fibonacci 0.5 0.618 levels are ~15k and...
We will start with the I told you so
Of course a short was to be placed at 1.618 of BC but after the strong bounce (low timeframe volume) from B also 0.5 - 0.618 shorts gets risky and it became clear that we were note going to touch A or C target ~12.8k.
So patients was required and a new bullish pattern emerged and it...
Curve did a ~93% pump, is it done or are we going to see the 5th wave.
A look at DeFi index shows a potential bottom. We could go lower to 420 level.
In the 4H time frame we are in the 4th wave. Bounce can happen here or at the begging of impulse wave ~0.447$.
I've pointed out some important levels on fibs that also...