Hello, this is a view on SILVER which brings something interesting to see about fibonacci levels. The ongoing impulse's 1.27 fib extension level goes to a wick where the price found support ( buyers ) during the last downtrend. I found many bullish scenarios, leading to a price around the 17.800's. I opened a long earlier in November and I might take some profits...
Hello, this is a follow up of my middle term trend and levels analysis on Bitcoin, the RSI is now at another crucial level where he usually bounces. We are also at the end of a compression and it looks like the price will do something big in the next couple of weeks . In my opinion, bitcoin will go test the 0.786 level of Fib. which means it would go South.
Hi, just a quick review today of the btc/usd market, there is a possible Cypher pattern formation if we follow the ratios. IF this pattern completes, the D point would be the entry zone until price reaches Target 1 and then Target 2. See you soon for more good news :p
Please feel free to give any feedback :)
Hi, so here we have a good example of a Cypher pattern,
We had a new structure high, which is the X-A Leg -
Starting from that, we look for the 1.27 extension of this leg to spot the area it could go in case of a cypher pattern completion ( this area will be point C area, which is B-C Leg )
Then we run back to the 618 Fib. retracement to complete the A-B Leg,...
To complete the last post, i wanted to share another scenario on this setup because as I always do multiple scenarios and this one goes along with my other posts about pattern formations so it's just more content for anyone here practicing and trying to get better like i do everyday :) Feel free to review/comment this post, you're welcome - Thanks :)
Hi, i wanted to share with you this waves count, I followed strict fibonacci levels, assuming the impulse wave started at the last bottom. Thanks for sharing any review on this trend analysis i'd help me a lot :)
Hey, still trying to spot Cypher patterns, we have here a long term view with good fibonacci ratios, this could lead to a retracement of last years' uptrends
Please feel free to comment if you have any idea about this :)