Set alerts for the pull back to the FIB pulled area on the chart for the Long setup .
I will set alerts as we descend down towards my buy zone and will monitor BTC movements before taking a trade with a sl at around .52
I expect to see 75 as a target based off 1-1 EXT which will generate 30% profits
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Higher Lows and Higher High with the print of a ATH
Currently trading within a symmetrical Triangle with Higher Lows and lower Highs since the ATH ..
Measured Move gives us a 28% move and if this breaks upwards we have confluence with the Fib Extension for a 1-1 at around $17
Either await a break of the Resistance with a candle close as...
12 TF We have Symmetrical Triangle close to the apex for a breakout or breakdown
I have done a fib ext pull to give potential targets both ways ... the1-1 extention
aligns with the measured move of the triangle from Hi -Lo .
Wait for a break of the support or the resistance and a candle close and Backtest before taking a trade and
be aware of...
1DTF - Currently printing a Reversal pattern *Inverse Head and Shoulders
* Right shoulder is currently in formation
* enter trade once we complete the right shoulder with a candle close
outside the resistance
alternatively you can also wait for a back test of the neckline and then Long
* SL will be below the last Swing low
Dash is currently Trading within a falling wedge
and rejecting at the POC on the 4HR TF .
On the 1D TF we can see clearly whats happening
after ATH was printed we are now moving between
I anticipate that we make our way down to
print another LL with support and confluences
at the support line of the wedge with the .786 fib
and the 100 EMA and...
A must listen analysis on ETH
In the video I discuss The Second Rising Wedge
Within The Ascending channel ,
Aligning to new ATH
leading to Rejection.
FIB Ext Pulls
Fib Speed Resistance Fan
Head and shoulders playing out with right side near complete
for all details please listen to the Audio coverage of my analysis
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Long Setup at the bottom of a ascending channel for BP
Areas of confluence too include 200EMA
0.618 Fib pull from High to Low
Volume Profile *POC Point of Control
.618 Fib Speed fan
All confluences within the orange Box in the chart
Be responsible for your SL and Invalidation
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Price action is kept the 30,50, and the 100 EMA
200EMA has been a strong support for 5 + days
but with every touch it becomes weaker .
We are at the top of a decending channel and i dont see LONGS being the best play here
2 options too short
Either short the Red box marked on the chart with a sl above the prev high or wait for the
Wait for the pullback down to the orange box for a long entry
The support shown has confluence with the 100EMA, .618 Fib pull
from the last swing high and the bottom of a respected channel .
Expecting a bounce in the area shown but please be aware of
the numbers due today and tommorow .
The American petroleum Institute on crude oil stock levels
as well as...
Highlighted orange box is where i anticipate PA to gravitate too ,
Confluence with 30/50 EMA* Fib Pull 618 * Volume Profile Match ..
Strong support and i expect a bounce from this region on chart .
Ensure to use a sl and know your invalidation
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BTC making its way up the ascending channel with a nice break out today after ranging since 8 FEB .
Now we have broke that resistance that has held us back for the past 3 attempts we can now see with a Fib Expansion pull
the levels ahead that align perfectly with the top/middle of the channel , with 70k coming in as our 1-1.
A break of the ATH will push us on...
Thanks for stopping by to check out this educational post and TA .
I decided to look at the USD CAD on the monthly for a deeper look at where it has been and where it is heading with respect to all the changes globally and the rally in crude oil playing its part in this pair.
The USD has been under some pressure for the past 20 months and here we can see why its...