We have a higher chance of continuing lower with the bearish momentum on the $. Though we have seen a nice rejection of this support and the momentum has slowed down. Whether we see a continuation of the current trend or we break the trendline and go higher. The fundamentals this month should aid this move whichever way it goes. Interesting times...
Following the previous chart, the lower timeframe fib has now been invalidated and I will be going with this set up going into next week. Daily fibonacci drawn between the range shown, the support and resistance can be found on the Weekly chart. A healthy pullback towards $0.25 - $0.20 looks likely if we see the daily closing bearish. I would hope to see a turn...
Following the wedge we broke overnight, this fib is looking nice too continue the bullish move. Low time frame fib so not as solid as a confluence than the usual fib set ups. Lets see how the weekly closes!
Looks like this 8H wedge has been broken and we going up!
pparently this pair opened differently to usual? Not worth taking this trade as in a heavy down trend, use as a confluence with other pairs.
Gold loves the 78.6, lets see $2000 again and cause some FOMO. The fib now shows the last high at the start of Nov to be at the 61.8, the daily shows this clearer, Ideally this high would be wiped out before we see a move lower. Fundamentals may play a key role with this pair with election results being clarified this month (aka Trump W) Bullish until if this...
I know we all waiting for that next big green candle BTC just showing off at this point 😅
I heard higher timeframes are stronger, right? Dont need any analysis for this chart Don't be shook if we see a wick lower wiping out the low of this year
Hopefully see a breakout upwards, waiting for that weekly close whilst the 12M closes doji.
Nice weekly close last week, great buying opportunity going into the new year.
Nice dip, sure we will close above the 78.6 on the 4H timeframe in line with the Weekly fib retracements, see yall at $0.48 soon
Following my Daily chart on this chart: This intraday fib adds up to see a push up to 93.5 before we get an idea on who tf won this election, Jan 20th. From there I would expect the $ to continue crashing, just an idea. I would not trade this as it is going against a heavy downtrend since March though it is good to add it as a confluence to other pairs. If...
More fibs aligning within the higher time frame ones Weekly 78.6 - Thick Red Line Below .27 4H 61.8 - Thin Black Line 15m - Retracements These have been tapped and closed on quite precisely, should be a good week...
Nice fib set up in between a weekly fib retracment. Hope you bought the dip!
Dont trade this pair though I understand how this affects the whole market. A 3rd trendline tap with a trend continuation could be in store for this pair, the cross point with the 78.6 retracment seems doable if we manage to break this current support where we are at. Mondays candle (21st) was huge manipulation, today or the next few candles should decide...
Gold outlook towards the EOY, $1822 should be retested before we start blowing thorugh the $1900+ levels The smart trade is a Buy on gold so awaiting for the pullback to come through early this week would be ideal before entering a trade.
If we see $30k BTC we know why 😅 I dont think regulations will hit crypto until Jan 2021 so that would be when this dies...right?
Just entered at the -61.8 extension around See how this year ends