bestfarbit74

bestfarbit74

Hi everyone as long as BTC holds there is strong chance for most ALTS market for rally so ICP is one of them, it is expected this coin claim some levels lost already now we can expect stair step move upward soon or later. this coin is in bull trend unless BTC wants to correct one more time all possible trend lines now broke upward. support and resistant...

bestfarbit74

Hi everyone as expected BTC price is still moving into the local channel trapped between two main trend lines yet. not to explain more so our main trade structure still the same I mentioned in my last BTC analysis. I link it here to look ........................................................... you had any questions or comment share here. Enjoy the market

bestfarbit74 Updated 

Hi everyone Bitcoin price is still trapped between two important trend line blue trend line is long term since March 2020 and yellow trend line is from ATH level until now. The WAR totally affects on all markets so we can not expect very strong bull trend by now even if all technical analysis being positive but fundamentally it can change fast. right now I...

bestfarbit74

Hi everyone ADA seems ready to jump. considering all the market is in bull trend now so ADA has a proper chance for strong upward pressure. BTC has made it's move so it make sense ALTS follow it and move strongly soon or later. so if the price could manage to break the top line of our channel it can keep moving upward. our resistant levels are on the chart...

bestfarbit74 Updated 

Hi everyone chart below shows our 36700 support level act well to prevent more drop for now but all indicators on 4H 12H and 1Day are moving in red zone that is not good sign for bulls. adding the shadow of bear markets on Dow Jones, SP500 .... give us warning for more drop in days coming. (Dow Jones chart below) on the other hand tension between Russia an...

bestfarbit74 Updated 

Hi everyone BTC price stopped dropping below the yellow trend line as I expected in my last update. now we can expect a limited move upward to touch the long term trend line (blue) again to complete a M pattern, after that may drop towards our mid term trend line(yellow) one more time. so seems price trapped between this two important lines for a while. as I...

bestfarbit74 Updated 

Hi everyone Solid answering to this question is not easy , I am a cautious trader so always take some safe area of salvation on my trades. now if we look from technical aspect to the chart we can see most time frames confirm bull trend and from indicators view can say yes. DMI on 4h and daily chart is positive. 50MA cross above 200MA and price is moving...

bestfarbit74 Updated 

Hi everyone what I see now on the chart, price is moving into an ascending pennant but also is moving into a bigger descending channel. what Indicators show us at the moment is a bullish sentiment at the market. DMI ( Directional Movement Index) on 4H still positive in daily chart positive price is now moving above Ichimoku cloud and 200MA both sign for bull...

bestfarbit74 Updated 

Hi everyone BTC price on MACD has made a bearish divergence. though we are looking on 15MIN chart so a drop below 42200 can push the price downward to 40K. if not price will hit 44K before any short term correction. so if the short term trend line and 42200 support level broke we can expect at least 40500 hit. Enjoy the market

bestfarbit74 Updated 

Hi everyone GBPNZD price broke below 50MA but still above the trend line. if the price continue to move below 50MA and break the trend line downward will drop at least to touch 200MA( white line).also MACD is moving in negative side too. as long as the price won't move the trend line, short position will not execute also if the price move above 50MA again...

bestfarbit74 Updated 

Hi everyone this is a quick review on LINKUSDT of what we could expect in short term. considering all markets now bullish and following Bitcoin that already jumped so other ALTS have good chance to gain more at least in short term. LINK by now crossed the down trend line heading for 19.55 resistant level but I think main resistant target would be the blue...

bestfarbit74

Hi everyone A Correlation of currency within the forex consist of a positive or negative type of relationship between two different pairs of currency. A Positive correlation indicates that two pairs of currency proceed in tandem. A Negative correlation indicates that the two forex pairs will move in opposite directions. Correlation ranges from -100% to +100%,...

bestfarbit74 Updated 

Hi everyone BTC price is trying to break above the down trend line and if manage to break and close above it we can expect the price at least gain more than 41K in short term. a sudden drop below 35750 still possible in case of market liquidity, so be careful if took long position and set proper stop loss. from the indicators price is moving above ICHI cloud...

bestfarbit74 Updated 

Hi everyone ETH price already broke our descending channel downward. so what we have on this chart is local Elliot waves scenario and as you can see all 5waves downward completed, now we can expect an ABC correction upward. this pattern can also follow my BTC scenario( LINK the PUBLISH BELOW) as well. at this moment if the (a) wave done price may drop to...

bestfarbit74

Hi everyone our short term strategy on AUDNZD: price is pushing down below ICHI cloud and on MACD we can see bearish divergence the orang trend line is our key so if the price manage to break and close below the line can drop more. our trigger entry is below the 1.0683 targets are on the chart. this strategy would be invalidate if the price close above...

bestfarbit74 Updated 

Hi everyone A quick review on Bitcoin to see a possible scenario in short term: if you follow my last analysis I showed how price broke long term trend line from March 2020 and drop below it. so we can not expect new bull trend for longer charts. but we can see now the price is moving into an ascending channel, if this channel forms well we can have a...

bestfarbit74

Hi everyone on the Daily chart we had ascending channel that broke downward. this ascending channel has formed a bearish flag pattern indicating we may have more declining moves in days coming. in shorter time frames (intraday charts) though price may try to test our 200MA or go sideways for a while before more downward pressure. our key level is 1785$...

bestfarbit74 Updated 

Hi everyone Considering all markets (stocks) are strongly bearish we can not expect big rally but... as far as we lost long term trend line from March 2020 we can not have bull trend very soon in short term though a correction can move upward a little bit before another declining we can expect BTC hit 38K (MAX) in short term and touch our trend line. so if...