ETHUSDT PERPETUAL CONTRACT on OKX weekly chart going upwards within channel confluence with 0.618 fibo Go long
Weekly chart shows clearly a distinct downward corridor, confluence with fibo retrace.
BTCUSDT Perpetual contract on OKX 0.618 retracement Go long
Monthly chart we can easily spot a nice downtrend. A small flag as a corrective wave now has just been broken & retested. The high of the current bar just touched 0.618. Time for the BIG SHORT.
Market moving sideways, we saw the current price formed a pinbar at 0618. Entry would be at half of pinbar, with stop loss below previous low, target below previous high. Set and forget.
A monthly triple top just formed. A great opportunity shows up & we shall react accordingly. Go short with awesome RR ratio.
Weekly chart established a beautiful double top. A strong movement turned the tide when hit the wall. The price continue to go down with classic 0.618 retracement.
Golden ratio at 0786 retracement. Stop loss below the pinpoint. Take profit below the horizontal resistance. Risk/reward at 3:1
Classic retracement 0.618 Stop loss below the pin with spread added
Price hit the upper boundary of the channel, confluent with horizontal resistance (previous support). Also, price retraced back to 0.618 fibo.
daily chart uptrend channel support level 0786 retrace
The previous down trend has been turned by a higher low & a higher high. Head & shoulders confluent with 0.618 golden ratio retracement, also a horizontal support.
EURUSD monthly chart downtrend channel price breakout & pullback to the trendline previous resistance now became new support confluence with 0618 golden ratio
Huge Discount~ Bitcoin on sale ~ Trend: Uptrend corridor Level: trend line as support Signal: wait for it to form the valid signal such as pin bar
Understand the mechanism of how market works. Do not poke around & place the random trades.
Ever wonder about it? Why it crashed? Anything happens for reasons. Cause & Effect.