Btcusdidea
Bitcoin got rejection around .618 Fibonacci level BTCUSD
Got rejected around .618 Fibonacci level.Is this rejection will hold the bull market.Before that we can see
minor double top pattern. The fear and greed index for BTC is still below the 15 level.As Fibonacci principle
Our primary bullish target would be 42400.00 which is 1.272 level
The Only Trading Strategy You Will Ever Need - How to Trade!Here is a clear representation of the X Force trading strategy that requires only one thing from every trader out there: discipline. Now, the most important question that new traders entering the market is, "when should I buy?"
If you look at Bitcoin, or even the NASDAQ, Dow Jones Industrial Average, you will note that all of these charts have one thing in common when looked on the monthly time frame: it's a never ending BULL market.
As a human, we all have emotions attached to the market which in return creates the whole market psychology of trading - this is why we as humans love trying to maximize what we have in our pockets by trying to trade the small swings from day to day. With that being said, we have simplified trading into the most simplified, easy strategy that even the most advanced traders can take note of this. The market cycle is simply divided into three phases:
1. Bull market - In the bull market, you want to of course be in a position if you are considering spot buying. We never recommend leveraged to a rookie trader.
2. Neutral (consolidation) - This is considered an accumulation phase where buyers and sellers will try to establish common grounds for price, most notably at previous resistance turned support.
3. Bear market - The most unruly of all and is emotionally factored in most, if not all trades. A bear trend is usually followed by a blowoff top after a bull market. A lot of external factors and catalysts such as a global recession or strong driven news will take into play for a bull market.
While Bitcoin is now about to retest certain levels of resistance, it's important that this may be a time to buy if you are a swing trader, and enter upon another breakout in preparation for a new bull market cycle. In the case of a failed break, this can just be another continuation of the consolidation phase we have mentioned and drawn above in our charts.
Trade Safe.
X Force.
BITCOIN Fibonacci So the impulse move acts as if it's taking a big breath in, and then the retracement is the breath out. This collection of impulses and retracements then leads to higher highs etc.. all being formed, creating our trend. In this case it is the retracements we are concerned with, and Fibonacci is a tool used to figure out areas in the market where price may stall or retrace to before continuing its course. It can be seen as a sort of support and resistance. It is based on 'the golden numbers' that are seen in all of the universe, not just in forex. These numbers are ranging from 0-1; 0, 0.236, 0.382, 0.5, 0.618, 0.786,1. So we are looking for a key level at which we think price will reach before continuing a new impulse.
Fib is a pretty simple tool to apply to your chart. Depending on what way the market is trending, will depend on where you drag your tool from. So If we are in an uptrend like above, are are going to drag our fib tool from one Low to the next High.
So when you drag the tool, the fib levels will appear. Now we don't know what level it will definitely bounce off of, but it gives us a clue as to the likely possibilities. Certain currency pairs will favour certain levels. You may find that the 61.8 and the 78.6 levels are good places to look, and currencies will favour these to rebound off more so than the other numbers. An institutional level is the 79.0 level and is not found on a normal default Fibonacci. You can edit the numbers in your fib by selecting settings and adding in the 79.0. This can give really accurate entries if used correctly along with other confirmations.
INSTITUTIONAL -
institutional is a style in which the banks and market makers trade.
I learn a lot from my mentor!
W bottom BTCUSD SHORT We have yet another W bottom; certainly a common theme in the hundred and dozen or so publications I’ve done this far.
Frustratingly trying to deal with this glitch that’s slicing my publications and rap as well as followers and all that stuff into two different accounts also preventing me from intraday trading on my pro account ironically so while they get sorted out (Check my chainl link publication for more info - Case anyone wondering why I feel the need to mention this is strictly due to the four or five people that actually read my publicationsCase anyone wondering why I feel the need to mention this is strictly due to the four or five people that actually read my publications so I did not want them to feel like I have been in them so rest easy loyal friends —- did not want them to feel like I have abandoned them, more like a temporary sabbatical while I sort this issue out.
In the meantime I would implore you to check my Twitter/Linkdeln for any updates.
I take it in this matter will be resolved within the week.
W bottom signaling parabolic movement and time frame shows the short position I would take for anyone looking to dump before retracement and as always read horizontal represents the stop loss which is the figure you should always go for— Regardless of how bullish you believe the market is.
Trade safely have a wonderful day and DM me if you have any questions or concerns.
Happy birthday to my brother/best friend, Adam!
Ll
Peace & Love
-@a1mTarabichi
Disclaimer
Market is extremely volatile so please keep that in mind do not FOMO or FUD and this is not financial advice.
- Note: My main account just like all my other handles I. E. Twitter/ Linkdeln (among others) Is
– a1MTARABICHI
The glitch/duplicate account is identical just minus the M & 1 so “atarabichi” And so just pay attention to the same one that I’ve always been posting on there and that is the main one (Also the only one with the pro green badge) Hopefully does not cause too much confusion and will be fixed sooner rather than later
Have a great evening once again
-mT
BTCUSD - New THE WALL swingHello Traders,
As of few minutes ago US President declare National Emergency to build the Wall.
Then I would like to declare new swing pattern call The Wall.
Red diagonal line marking The Wall formation. This is the swing where corrections are less then 25% - very strong continues price move. Low and High of the Wall Swing are very strong support and resistance.
We have significant important level which is 50% of that swing - this is balance Level between Bulls and Bears. As you can see price for long period of time remain above 50% of The Wall Swing.
This is very important information that momentum remains strong to the upper side - Bulls remain in Power!
The Wall Swing can be mark on price chart as well as on oscillator chart.
I hope you enjoy new pattern.
Cheers,
Jim
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