btc.d has always been in a downtrend, but this time, we see a pattern forming ?(descending wedge) . here we can interpret Fibonacci level .618 to assume a return to the range low.. bottom trendline seems strong, implying we would expect resistance there- producing perhaps another "bounce"...
9888 (BIDU) broke out and successfully retested on confluence of 0.786 fib and trendline support. This was after the rejection off the 200 day moving average, which is a healthy pullback for a solid entry. Hang Seng Index (HSI) also bounced off VWAP support today after catching a short break from a massive (and expected) run up. Technicals aside, the fact that...
Intraday Update: The USDNOK is at the 127% extension at 10.4900 level, the 61.8% longer term support is just below at 10.47, divergent RSI's intraday may suggest a near term bounce.
AUDUSD Long - decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up The Winning Playbook 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe 2nd Confirmation: Retest at a zone of Supply and Demand. The...
you can go long now and take any target or wait for retest current support again at blue arrow and go long with action price on it General Trend is Up CHF is weak have fun :)
we have two scenarios first : go long now with confirmation with break current resistance at green arrow second : wait for pull-back and create higher low at Blue Arrow or area between (50:61) fibo levels personally i prefer for open long trade with low trade size and open again when break resistance at green arrow , if price pull back i will open double size...
1. Wave 2 completed. 2. In the midst of wave 3 at the minute degree, minor, and intermediate degree.
1. USDJPY going for 5th wave up in the short term. 2. Long term is extremely concerning as there are no resistance above 161. Might move above 200.
I believe that the DJI is set up for a major correction. Looks like a double top has formed. I did 2 different fib lvls. Red lines is 2008 low to this high and orange is COVID low to this high. Lvls clearly marked. Do what you like with this and I could be wrong. THIS IS NOT FINANCIAL ADVICE
"We do not know where the market will reach, but we need to analyze the current situation. I believe that with the market's rebound to the Fibonacci restracement0.618 & fibonacci extension 1.618
BINANCE:BTCUSDT BTCUSDT Algorithm Fractals Markets
BTCUSD started an upward trend since 1st May from $56,542 to a last week's high of $71,940. BTCUSD price is hovering around a supply region and the bears are warming up to take control at the resistance level of $70,000. My bias is bearish. Resistance $71,198 - $70,400 Support: $64,595
Disclaimer, these ideas are for my records of what I see in the market after taking a trade. It will help me document the reason of why I took the trade so I can have a track record. And as such, this is not a financial advice. I've noticed that at the monthly timeframe the pair is doing a wyckoff distribution schematic. Then at the weekly timeframe, the...
Hello, Mates hope you all are doing well and enjoying the weekend. This is my thoughts about DXY for the next few days. NOTE: This is only based on technical analysis fundamental or geopolitical situations may change the direction to any side.
KCS is trying to paint a bottom. But currently stuck in a tight range. Waiting for the tide to rise it seems. $10.536 is the proven resistance. $12.277 is the minimum target. $ 9.998 (or 10) crucial support. . Here is a full view of its "Genesis Sequence" that all of these levels come from - I will post updates as price action...
🔍Let's dive into today's analysis. It's Sunday, and since it's a holiday, the market volume is lower than usual, making market movements less reliable. 📆Coin of the Day: Render Token (RNDR) Today, we're analyzing Render Token (RNDR). I've previously analyzed this coin on the daily timeframe, and I hope you took advantage of the entry points I provided. The...
Quick alert that PEPE has just Ping'd a major fib. Golden fib of many that it has come through so far. IF there is a top anywhere NEAR here, then THIS is it. That exact ricochet from the fib is what I call a "Ping". That comes from "Give me a ping Vasilly, One Ping Only". That describes it well, like you can almost "hear" the turn. And my Rule about Pings: "Not...
On the above 4-day chart price action has corrected 90%. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence with price action with confirmation. 3) Price action prints support on past resistance since breakout. Look left. Is it possible price action falls further? Sure. Is it...