#AUDCAD: Using 1-Day Time Frame For Intraday Entry! We have been closely monitoring the AUDCAD currency pair for an extended period and believe that selling AUDCAD at the current market conditions presents a more favourable opportunity with a sufficient number of sellers. However, we must acknowledge that we need to wait for the price to approach our entry zone, which will allow us to execute a sell entry with strict risk management. This analysis has identified a single target.
We extend our best wishes for your success and encourage you to provide support by liking and commenting on the idea.
Team Setupsfx_
AB=CD
DOGE I Weekly CLS, KL - 3M OB, Model 2, Target Range highHey Traders!!
Feel free to share your thoughts, charts, and questions in the comments below—I'm about fostering constructive, positive discussions!
🧩 What is CLS?
CLS represents the "smart money" across all markets. It brings together the capital from the largest investment and central banks, boasting a daily volume of over 6.5 trillion.
✅By understanding how CLS operates—its specific modes and timings—you gain a powerful edge with more precise entries and well-defined targets.
🛡️Follow me and take a closer look at Models 1 and 2.
These models are key to unlocking the market's potential and can guide you toward smarter trading decisions.
📍Remember, no strategy offers a 100%-win rate—trading is a journey of constant learning and improvement. While our approaches often yield strong profits, occasional setbacks are part of the process. Embrace every experience as an opportunity to refine your skills and grow.
I wish you continued success on your trading journey. May this educational post inspire you to become an even better trader!
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
David Perk ⚔
What Is an ABCD Pattern, and How Can You Use It in Trading?What Is an ABCD Pattern, and How Can You Use It in Trading?
Are you looking to improve your trading strategy and technical analysis skills? The ABCD trading pattern may be just what you need. This tool may help you identify potential market reversals and decide when to enter a trade. Keep reading to learn more about the ABCD pattern and how to apply it to your trading strategy.
What Is an ABCD Pattern?
The ABCD pattern is one of the basic harmonic patterns. It gives traders an idea of where the market might reverse. Therefore, when combined with other forms of technical analysis, it may be a great addition to your trading arsenal.
The ABCD pattern comprises two legs, AB and CD, and one retracement, BC, with D as an entry point. More specifically, an ABCD can be identified by:
- AB Leg: A trend starts at A and makes a high or low at B.
- BC Retracement: The price retraces from B to C.
- CD Leg: The trend continues from C to D.
- D Entry Point: Once another high or low forms and traders enter at D.
These price movements create the “zig-zag” or “lightning bolt” shapes.
In fact, ABCD patterns are present across every market and every timeframe. The up-down movements in financial assets represent opportunities to identify and trade ABCD patterns.
Why Use the ABCD Pattern in Your Trading Strategy?
Before we move on to identifying and trading the ABCD pattern, it’s worth explaining why you might want to consider using it. Here are a few reasons traders favour the ABCD pattern:
- It’s one of the harmonic patterns suitable for traders of all experience levels.
- It’s versatile and works for stocks, commodities, and cryptocurrencies*, not just forex trading.
- Traders use ABCD patterns to make informed decisions about potential turning points in the market.
- It can form the basis of a working trading strategy if used correctly alongside other forms of technical analysis.
- It provides quite an effective risk/reward ratio if reversals are caught.
How Traders Identify an ABCD Trading Pattern
The first step in finding ABCDs is to look for that classic zig-zag shape. Once you’ve found one, it’s time to apply Fibonacci ratios to confirm the pattern. If you’re struggling, you can consider using pre-made ABCD pattern indicators or scanners to help your eyes get used to spotting them.
The ABCD pattern requires that the BC leg is between a 38.2% to 78.6% retracement of AB, ideally between 61.8% and 78.6%. This means that if you put a Fibonacci retracement tool at A and B, C should be between 0.382 and 0.786.
The second CD leg should be a 127.2% to 161.8% extension of the BC retracement. For extra confirmation, consider specifying that AB is equal to the same length as CD.
While it can be tempting to start trading based on these conditions, you’ll find that, in practice, identifying point D can be trickier than it seems. That’s why traders typically use Fibonacci ratios, key levels, candlestick patterns, and higher timeframe convergence to confirm their entries, which we will touch on shortly.
ABCD Pattern Examples
Now that we understand how to identify the ABCD pattern, we can start applying it to real price action.
Note that the ratios won’t always be perfect, so allowing for slight variability above or below the defined ratios is acceptable.
Bullish ABCD Pattern
For a bullish formation, the following must be present:
- The AB leg should be between the high A and low B.
- The BC bullish retracement should be between the low B and high C, which is below the high A.
- The CD leg should be between the high C and low D.
- BC is a 38.2% to 78.6% retracement of AB, preferably between 61.8% and 78.6%.
- CD is a 127.2% to 161.8% extension of BC.
Additionally, you may look for AB to be an identical or similar length to CD.
Entry: Traders set a buy order at D.
Stop Loss: The theory suggests traders place a stop below a nearby support level or use a set number of pips.
Take profit: Traders place take-profit orders at the 38.2%, 50%, or 61.8% retracement of CD or hold for higher prices if they believe there’s the potential for further bullishness.
Bearish ABCD Pattern
The bearish ABCD chart pattern is essentially the same, just with the reversed highs and lows. As such:
- The AB leg should be between the low A and high B.
- The BC bullish retracement should be between the high B and low C.
- The CD leg should be between the low C and high D.
- BC is a 38.2% to 78.6% retracement of AB, preferably between 61.8% and 78.6%.
- CD is a 127.2% to 161.8% extension of BC.
You can choose to apply the same AB = CD rules in a bearish ABCD pattern if desired.
Entry: Traders typically place a sell order at D.
Stop Loss: A stop may be placed above a nearby resistance level or at a set number of pips.
Take profit: Traders often take profits at the 38.2%, 50%, or 61.8% retracement of CD or hold for lower prices if there’s a bearish trend on a higher timeframe.
ABCD Pattern Strategy
A momentum-based ABCD trading strategy can help traders confirm potential reversals by incorporating indicators like the RSI (Relative Strength Index). This approach often adds an extra layer of confluence.
Entry
- Traders may wait for point D to form and for the RSI to indicate overbought or oversold conditions, typically above 80 or below 20.
- Additional confirmation can be sought if there is a divergence between price and RSI, signalling weakening momentum.
- Once the RSI crosses back into normal territory, it can suggest a reversal, providing an opportunity to enter the market.
Stop Loss
- A stop loss is often placed slightly above or below point D, depending on whether the formation is bearish or bullish, respectively. This helps potentially manage risk in case the reversal doesn’t hold.
Take Profit
- Traders can consider taking profits at Fibonacci retracement levels of leg CD, such as 38.2%, 50%, or 61.8%.
- Another common target is point C, but traders may also hold the position for longer if further price movement is anticipated.
Looking for Additional Confluence
Given that trading the ABCDs usually relies on setting orders at specific reversal points, consider looking for extra confirmation to filter potential losing trades. Below, you’ll find three factors of confluence you can use to confirm your entries.
Key Levels
If your analysis shows that D is projected to be in an area of significant support or resistance, there’s a greater chance that the level will hold and the price will reverse in the way you expect.
ABCD Timeframe Convergence
One technique to potentially enhance the reliability of ABCD chart patterns is to check for multiple timeframes. When you identify the formation on a lower timeframe—say, the 5-minute chart—you can then look to a higher timeframe chart, such as the 30-minute or 1-hour chart to see the overall trend.
If the pattern converges with the longer-term trend, it strengthens the analysis and increases the likelihood of an effective trade.
Candlestick Patterns
Some traders look for particular candlestick patterns to appear. The hammer and shooting star patterns are commonly used by ABCD traders for extra confirmation, as are tweezer tops/bottoms and engulfing candles. You could choose to wait for one of these candlesticks to form before entering with a market order.
Common Mistakes to Avoid When Identifying an ABCD Chart Pattern
Of course, ABCD patterns aren’t a silver bullet when it comes to effective trading. There are several common mistakes made by inexperienced traders when trading these types of patterns, such as:
- Confusing the ABCD with other harmonic patterns, like the Gartley or three-drive pattern.
- Trading every potential ABCD formation they see. It’s preferable to be selective with entries and look for confirmation.
- Not being patient. ABCDs on higher timeframes can take days, even weeks, to play out.
Experienced traders wait for the pattern to develop before making a trading decision.
- Ignoring key levels. Instead, you could allow them to guide your trades and look for the ABCD pattern in these areas.
The Bottom Line
The ABCD pattern is a versatile tool that can enhance a trader’s ability to identify potential market reversals and refine their overall strategy. When combined with other forms of technical analysis, such as momentum indicators, an ABCD trading strategy can be an invaluable addition to your trading arsenal.
For traders looking to apply the ABCD pattern in forex, stock, commodity, and crypto* markets, consider opening an FXOpen account and take advantage of low-cost, high-speed trading across more than 600 assets. Good luck!
FAQ
What Is an ABCD Trading Pattern?
The ABCD trading pattern is a simple harmonic pattern used by traders to identify potential market reversals. It consists of three price movements: the AB leg, BC retracement, and CD leg, with point D marking a potential entry for a reversal trade. It helps identify changes in trend direction.
How Can You Use the ABCD Pattern in Trading?
Traders identify the ABCD pattern by finding the characteristic zig-zag shape and using Fibonacci ratios to confirm it. Entry points are typically placed at point D, with stop losses and profit targets based on the formation’s structure. Confluence with other technical analysis tools improves its reliability.
Is the ABCD Pattern Bearish or Bullish?
The ABCD pattern can be either bearish or bullish. A bullish ABCD indicates a potential upward reversal, while a bearish ABCD suggests a downward reversal. The structure remains the same, but the highs and lows are reversed.
What Is the ABCD Strategy?
The ABCD strategy revolves around identifying trend reversals using the formation and confirming entry points through tools like Fibonacci retracements or momentum indicators like the RSI for added accuracy.
*At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
#GBPJPY: 681+ Pips Buying Chance from a Key Level. Dear Traders,
Since the Japanese Yen (JPY) experienced a significant decline in the market, prices have risen. This analysis examines two key areas: the complex bullish price behaviour and the rejection of prices at levels we are currently monitoring for potential entry. While this chart analysis serves as a secondary reference, it should complement your own trading strategies.
Best regards,
Team Setupsfx_
#XAUUSD: Smaller Time Frame With More Accurate Entry Areas! We currently have several active ideas in the Gold analysis section. However, we would like to share a comprehensive chart analysis that clearly demonstrates a market trend and potential entry points. The analysis identifies two entry types: “safe” and “risky.” A “safe” entry is only valid if the “risky” entry is invalidated. You may choose to take either entry if it aligns with your trading bias and chart analysis.
If you find this analysis valuable, please consider liking and commenting on it, as this feedback will help us post more detailed analyses in the future.
As always, we express our sincere gratitude for your unwavering support.
Team Setupsfx_
Bitcoin - Why is everyone wrong + Magic Moving AverageWe have so many warning signs that Bitcoin is going to crash significantly in 2025/2026. One of them is this magic 20-weekly moving average. As we can see, the price always respects this dynamic level, and if the price falls below it, it triggers a sell signal. On the other side, if the price rises above it, it triggers a buy signal. The price is currently below it, so this is a bearish signal.
The next bad signal is this Elliott Impulse wave. What we can see here is a perfect textbook impulse wave that has been completed. If you are an Elliott Wave trader, you already see that this is a big problem. After such a wave is complete, we are always looking for an ABC correction with a fibonacci retracement tool. Use only these 3 Fibo levels, others do not work properly! Specifically, 0.618 FIB, 0.500 and 0.382 FIB. Bitcoin loves the 0.618 FIB, so there is a pretty huge chance of going down to 32k. But expect a very strong bounce from the 0.382 FIB as well, which is at 52k. Set up your buy orders here, and thank me later!
What we can also see on the chart is an unfilled Fair Value Gap (FVG) between 34k and 28k. Often the price loves to come back and test these important price actions. This is a great buying confluence with the 0.618 FIB because the FVG is inside this Fibo level.
The last thing I want to talk about is this huge blue ascending channel on the weekly chart. This is a representation of this whole uptrend (bull market). You may say that Bitcoin is bullish until this channel holds, yeah, but what we do here is we predict future price action and give you technical analysis. I am giving you this information in advance so you can prepare for the future!
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
USD/JPY Technical Analysis (1-Hour Timeframe)Market Overview:
Trend: Bullish
Divergence: Bearish
Continuation Pattern: Bullish
Reversal Pattern: None
Harmonics: AB=CD Formation
Trade Plan:
You are taking a short-term long entry from point B to D based on the bullish trend continuation. A Buy Stop order is placed at 150.963, with a Stop Loss at 150.001 and Take Profit at 151.925 (Potential Reversal Zone).
Scenario Analysis:
Current Approach:
Entering a buy trade from B to D, following the bullish trend.
Watching price action closely as it reaches the Potential Reversal Zone (151.925).
Next Steps:
If the price continues to break higher above 151.925, you will reanalyze the chart for further trend continuation opportunities.
If the price shows reversal signs at the Potential Reversal Zone, you will look for a short (sell) setup, aligning with the bearish divergence and reversal pattern (AB=CD).
Conclusion:
For now, you are riding the bullish trend from B to D while keeping an eye on 151.925 as a key resistance level. If a reversal occurs at this level, you will evaluate a sell trade setup in the downtrend.
This approach ensures a disciplined trading strategy, adapting to market conditions.
NEAR WXY correction completeHi.
As per my previous post, if btc is in its wave 4 position holding the 0.382 fib as possible correction complete.
We could possibly/hopefully see btc.d start dropping, setups like this on a few alts might start taking of.
We already have the DXY which is nuking, but its yet to hit the broader crypto market.
Asymmetrical Triangle (Neutral) or AB=CD (Bullish) for BTC?BINANCE:BTCUSDT has formed bullish divergence on Daily TF and continues its upward momentum. BTC has also formed two trading patterns:
1. Asymmentrical Triangle: This neutral pattern can break out in either direction
2. Bullish AB=CD: This continuation pattern on the weekly tf coupled with bullish divergence on daily tf indicates imminent continuation of the bullish trend.
Buy stop order on break of LH could be a good trading idea!
Bitcoin - This bear flag will send BTC to 72,000! (sell now)The whole crypto market and Bitcoin are crashing, and it looks like 2025 will be a very red year! From a bitcoin cycle's perspective, bitcoin has entered a bear market. Let's look at the latest technical analysis on the 6H chart. Bitcoin hit a new all-time high on January 20, exactly the same day as Trump's first day in office. Thereafter, Bitcoin has been crashing.
Currently, the price prints a bearish flag on the 1H chart and a descending channel on the 6H chart. As long as Bitcoin is inside this descending channel, we have to stay bearish and trade with the trend until the end. This bear flag is also a problem because you would rather not see such patterns in a bull market in general. My next target is 72k, from here we could expect a bounce. Why 72k? Because it's the Fibonacci retracement of the previous major wave from 49k to 110k.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
ACXUSDT – Resistance Zones Marked on the Chart!
“Key levels ahead—will resistance hold or will we see a breakout?”
🔥 Key Insights:
✅ Resistance Zones Clearly Defined – Watch for strong reactions.
✅ Rejection = Short Setup – Only with LTF breakdown + CDV confirmation.
💡 The Smart Plan:
Focus on LTF (15M & 1H) Price Action – Breakout or rejection will be clear there.
Use CDV & Volume Profile – Don’t trade blindly, follow the data.
Let the Market Show the Way – We react, not predict.
“Patience + Smart Entries = Winning Trades—watch the chart, trade the plan!” 📉
A tiny part of my runners:
🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
🐳 QKCUSDT: Sniper Entry +%57 Reaction
📊 BTC.D: Retest of Key Area Highly Likely
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Bitcoin - This indicator is always right! Crash to 40k in 2026.What we can see on the chart is Bitcoin cycles. We can statistically predict Bitcoin moves with this simple chart, because it's always right and never wrong. What can we say with certainty?
Statistically:
Bitcoin's bull markets last for 742 to 1065 days
Bitcoin's bear markets last for 364 to 413 days
Correction is every time weaker, but still huge
The recent uptrend on Bitcoin started in December 2022 and ended in January 2025 (791 days). We know that statistically bull markets last for 742 to 1065 days, so this indicator tells us that the bull market ended! This indicator was never wrong, so do your own research. It's always like this. Moon boys calling for 300k, 500k, or 1M in 2025 do not follow my TradingView profile because otherwise they would know this strong fundamental fact. The market cap of Bitcoin is already too big, so forget about 500K or 1M in the short term because the market cap would be higher than gold. Gold is the number 1 asset in the world.
Statistically, Bitcoin crashes every 4 years by 86% to 77%. The market cap is getting bigger as institutions step in, so this time I expect a weaker crash (around 65%). Still, it's a huge crash, and many investors will sell at a loss as usual. Knowledge of the Bitcoin cycles will save you a lot of money.
Bitcoin halving is coded to occur once every 210,000 blocks, or roughly every four years, and will continue in this fashion until the final supply of 21 million BTC is reached. It is assumed that the last BTC will be mined in 2140. After that, transaction fees are supposed to be the only source of block rewards for miners.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
What is Gold Waiting For? Is This the ATH 3045? In our group, we secured profits in two rounds when gold hit an all-time high of $3045. Currently, we are still focusing on selling at $3040-$3045, as this is the liquidity grab zone for sellers.
I believe we can still trade within the sideway range, and be cautious of the two liquidity sweep zones as I have marked in the image.
Sell Liquidity 3040-3045: We can place Sell Limit orders in this area.
Buy Liquidity 3020-3025: We can place Buy Limit orders in this area.
The reason for this sideway phase of gold is that the market is awaiting the Fed meeting at 1:30 AM tomorrow, March 20th. After that, a strong trend will emerge. My plan is still leaning towards the Buy side, as the market is currently concerned about a potential economic recession in the US.
Therefore, we can focus on making small profits during this sideway period and wait for the next upward wave.
Thank you for your review, and I hope you'll stay longer by pressing Follow.
Gold's Crazy Run: New All-Time High of 2994 - Reaching the TopFirst off, congratulations to those who entered a Buy order following yesterday's plan that I posted earlier.
Gold is currently forming a small sideways range around the 2980-2990 area, and I believe there will be another upward push to grab liquidity from those entering SELL orders around this zone. This will create market panic, reaching a peak where no one dares to participate anymore. At that point, Gold will experience a strong correction.
Therefore, today's Asian and European sessions will likely see a sideways range between 2980-2990, and the beginning of the US session will see an upward push to grab liquidity above the 3000 USD/oz level. The US session will then conclude with a price drop. If Gold's scenario plays out as expected, we can anticipate a profit-taking day from investors next Monday
Thank you for your review, and I hope you'll stay longer by pressing Follow.
Bitcoin - 60% crash to 32K | ETH is dying | Trump scam?Technically, Bitcoin is entering a huge bear market! This is what my charts and fundamentals tell me at the moment.
Trump returned to the White House on January 20, 2025. This day, Bitcoin hit a new all-time high (109,588 USD), and since then, Bitcoin has been going only down! In 2019, Trump said he is not a fan of crypto. x.com
So isn't it weird that Bitcoin has been going down since the beginning of his presidential post? (On January 20). Random or planned? Answer by yourself, but something seems to be fishy here. What about the latest Trump post on TruthSocial about the strategic crypto reserve? The market reacted very positively, but after a few days, the whole market completely crashed and is now finding its new low. Was this another trap? Clearly, everyone who bought into this news is at a loss on his trading account; that's for sure.
What is happening to Ethereum? Ethereum is almost at the same price it was in 2018!! 7 years ago, the price of Ethereum was 1440 USD; the current price is around 1700 USD. I predict ETH to go to 750 USD in 2026. Why is this new technology struggling? Investors all over the world and early adopters are very disappointed by the performance of this coin. It also seems like the crypto market completely collapses, and only Bitcoin is surviving. Even though Bitcoin hit only 109k, which was most likely the ultimate top for the next few years, it was also less than everyone expected. I don't really want to talk about other altcoins because they are down 95% to 99%, and this bull market did nothing (sideways price action). In conclusion, this was the weakest bull market in history.
From a technical point of view, Bitcoin (and all altcoins) is breaking down on the weekly chart! The bullish market structure is broken, and we entered a new downtrend. Where to buy BTC, ETH, SOL, XRP, and other coins? You can write me a comment below, and I will tell you. I start with BTC—buy Bitcoin at the 0.618 FIB retracement. This FIBO is at 32 688 USDT, so we need to wait 1 year for the price to come to this level. Be patient.
So what to buy? Maybe focus on very low-cap coins; they do not follow the general trend (bull or bear). I have a tip for many coins, such as ATC (AutoTCrypto). Contract EQBMxFekc39SONbY8Mes8IwnZZlsPzeZhwz2c7sqMkkjI0uy. Where to buy? Use a decentralized exchange, such as dextools or ston.fi.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
3000 Target goldThis is a 1-hour chart of Gold Spot (XAU/USD) from OANDA. The analysis suggests a bullish outlook, with price action currently testing a key resistance level around 2,934. The chart includes the following key elements:
1. Support and Resistance Levels:
A previous resistance zone (marked in dark teal) has been broken and is now acting as potential support.
The next major resistance is around 2,980, with an all-time high target of 3,000.
2. Trendline Support:
A white ascending trendline indicates a bullish structure, with price respecting higher lows.
3. Projected Move:
The yellow arrow suggests a pullback to the support zone (previous resistance) before bouncing higher.
A successful retest could lead to an upward move towards 3,000.
This analysis suggests that gold remains in an uptrend, and traders might look for confirmation of support before entering long positions.
BTC Bulls Are Back? AB=CD + 0.618 Fib Rejection!#Bitcoin is setting up for a potential bullish breakout!
On the 15-minute time frame, #BTC is forming a classic #AB=CD pattern, a strong harmonic signal for a continuation move. Additionally, price has just rejected the 0.618 Fibonacci retracement level, confirming buying pressure from this key zone.
Key Observations:
🔹 Uptrend Intact – Higher highs and higher lows ✅
🔹 AB=CD Completion – Potential bullish price reaction ✅
🔹 0.618 Fib Rejection – Strong demand zone ✅
🔹 Resistance Level Ahead – Awaiting breakout confirmation
Trading Plan:
If #BTC breaks above the resistance level, I’ll be looking for a long trade setup with proper risk management.
🔹 Invalidation: If #BTC breaks below the Fib level, I’ll reassess my bias.
🔹 What are your thoughts? Will #BTC break out or face rejection? Drop your opinions in the comments!
🔹 Like, Comment & Follow for more trade setups and market insights!