angelsmfg

angelsmfg Updated 

Hi everyone. Looking at the recent high of $42,000 on BTC, it respected the speed resistance line and currently hovering above support of another speed line. Will it stay above it or will it break down to the next level of support where most traders are expecting the price to go down between $23,000 and $28,000. How does BTC move around the fib resistance line is...

angelsmfg Updated 

One thing I have learned is to always look and analyze different tools, never get fixated with one, check the old long-term chart if price respected support, compare and see if 2 or more different tools match supports then analyze from there and add more tools to check. I also look at long-term charts of other financial markets to make a comparison of how prices...

angelsmfg

Thinking if it will go up for now

angelsmfg

GANN

angelsmfg Updated 

overlapping tools to see support and resistance. critical level if major trendline will hold or price will go down to last line of fib speed either in long tern or short term and if it falls from there, it might go back to the base or near base of 3100

angelsmfg Updated 

channel resistance

angelsmfg

DOW downtrend could be up to December 2022 or Feb to March 2023

angelsmfg

I was watching Dow when it showed breakaway gap. Computed my target at 19K from the measuring gap and it is now done. Expecting it to go up for before continuing downtrend.

angelsmfg

Long term view

angelsmfg Updated 

Look!

angelsmfg

try to analyze

angelsmfg

Is this a valid Head and Shoulders? Although we can also see an upward long term channel, there is a danger of breaking the long term support of the channel

angelsmfg

for reference of movement, support and resistance

angelsmfg Updated 

Dash got out of the wedge but it seems to me that there is a channel where it might fall. Right now it's near the top line of the channel and there is also a small channel where it can still go up to the top red line of the triangle ($212) or top blue line of the small channel ($225) and if it won't break it up from there or if it respects those lines, there is a...

angelsmfg

I watched the documentary of the Global depression that happened in 1929, have felt the sadness even seeing on the video and realized that we should all learn something from it. It is scary to think that the price is near the long term trend line or resistance from 1929. In the Elliot wave theory, I followed the sequence of past recessions. I am not sure but my...

angelsmfg Updated 

BTC from November 21, 2011 is slowly falling the Fib Speed resistance Fan touching its resistances and support. I got 7290 previous low by a different way and computation getting the .618 from low to high. It is amazing to see that 7293 fell exactly on .382 of Fib Speed resistance fan. Will it reach 4.814.71. which is the lowest support? Follow to see what happens...

angelsmfg Updated 

If you can see it, then it could be what it is.

angelsmfg

My target is around 10,300 or 13,330 as BTC respected 8400. We can see with the Fib spiral that it acted as a support as well. It can be up to 8200 or 8100 though. But since anything can happen, if 8400 will be broken and other supports till the last line and base of Gann Fan fan on 3,100, the line and spiral from 20 to 3K are like pointing towards 1K if BTC will...