Fib channel alongside fibs. Beautiful thing. If the levels are lost then so be it. Nice indicator. :) In my opinion. Courtesy Chart Champions. What I can see at the moment is the trend is breaking. Fractile (Green line) support. Monthly as per my previous post. Can 23,300 hold (dollars)?
Parallel channel should we lose the 23300 monthly
Trend from the last low up until now is being respected, Interesting, dont ever delete trends and use the Extend option :) Happy Trading :p :)
Clear to see (as per previous post drawing Monthly) how now monthly resistance has become support.
Purple line Monthly to current time frame. Interesting drawing levels with confluence on montly vs where the price currently site fr support or resistance if price drops below. Currently 23300 is support
Trend line and upside support - In my op [inion unbreakable support - The white line
Negative and Expansion Fibs .. Gold you beautiful thing!
Falling wedge coming and possible 0.618 retracement. Not over analysing and with no confluence on daily, weekly, and monthly support but an idea for a long on on 0.618 and general idea for dollar move. More analysis needed!
Nicely aligned fib retracement with fib risistance fan. 0.618 and 0.66 nicely aligned with Naked point of Control (nPoc). Possible target high 24.4k. Notice nPocs aligned with Fibs for confluence. Interesting. Thereś a nPoc at 24500, Nice ;) 23,075 is an nPoc just below CC 0.618 currently drawn. Fib fan 0.75 is a good level of support in my opinion should we...
Retracement from X to A using Fib Retracement, price hit 0.618 at 0.4553 price. Looks like a classic Gartley Harmonic forming. More info on Gartley www.investopedia.com Will be interesting to see the volume profile as and if price moves to the down side target at D. That being, Volume, Value Area Low, and Point of Control.
Current in scope Elliott Wave Impulse Waves 1 to 5. Currently within the Corrective Wave. Used Trend Based Fib Extension Tool to determine the bottom retracement levels of the Corrective Wave A, drawing from 1st High to Low to 2nd High on a 90 minute time frame. - 1st Highs drawn from Wave 5 high. - The low being 22,750 and yet to understand why that level at...
Despite all the news. Is this time to break out? Interesting fibs. The stars are aligning. It's a beautiful thing. I usually would not be bullish at a high. Trade it what it is.
Why BTCUSDT could be in an uptrend. Should we clear the monthly it's plausible to be in an uptrend.
THESE fibs 0.618 supports to the upside. 18500 k target and its game over for the downtrend.
How are those for fibs? Amazing. Is it so that the pennant is an either or (up or downside)? Fibs say so no? I'm pro upside as I've posted before Gartley Harmonic. The top 0.616 as confluence a matter of fact.
Swing High to low to 0.618. Swing low to high to Weekly. Play it how it is
Still looking at a falling wedge seems most volume traded above the Weekly and Daily support levels which are now resistance. I'm particularly interested in the fib 0.618 as shown drawn from the low to high which seems a reasonable retracement level to reset all the selling. Nice monthly that corresponds to this level. The VRVP showing no volume at the moment...
BTCUSDT - Falling Wedges A falling wedge occurs between two downwardly sloping levels. In this case the line of resistance is steeper than the support. A falling wedge is usually indicative that an asset’s price will rise and break through the level of resistance. Interesting the 1st wedge target price was hit recently. We're currently in a breakout of another...