Drawing the fib from the bottom of the candle, that broke the resistance, to the highest point present. We can see the fib 78.6% lining up perfectly with the CME GAP, marked as the red zone (found on BTC1! 4H timeframe, price 7625-645, gap on so to say 25th of April).
As the area is now acting as support it would be ideal to go long from there. Also the 200 MA is...
Oil major level support getting close. We can see price basically doing copy paste cycles. Blue boxes are equal as are the purple boxes. Hopefully price will be stopped at fib extension 127,2% on a perfect psychological price at 11$ and we'll see some upwards movement coming in.
Here's my analysis. Perfect 21k on fib extension, psychological price to look forward to. Refueling at previous support ~7k-8k before launch to the moon
Potential long-term H&S formation. Price is getting rejected at the trend line. On the 1H time-frame fib 78,6% has been touched perfectly. I have entered short, tight SL 1621 or for any potential wickfishing up to 1638 just in case as it doesn't affect much the RR is still nice 18.1 with TP-1 around 1424.
NB! This is no trading advice, do your own analysis!
Price heading in a parallel trendline towards fib -27.00% to fulfill the imbalance in the movement occurred on the 28th of Aug. Expect resistance at fib 0.00%. If the price closes above the downward trendline go for a buy.
TP1 - 0,00004725
TP2 - 0,00005434
SL - 0,00003317
NB! Not trading advice! Use proper risk management.
If the candle closes above trendline go for the buy.
TP1 - fib 61,80%
TP2 - fib 78,60%
TP3 - fib 100%
SL - 0,006210
NB! Not trading advice! Use proper risk management.
