Astrofx
inverted head and shoulders pattern this might take us all the way to 2018 to fulfil . Amazing risk reward! its just an idea, please do not go ahead and start placing trades...
BITCOIN 10K RET UPDATE Last analysis I provided my three overviews which were:
1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact.
2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133.
3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major monthly trend line (Support) crosses through.
Bitcoin 7.56% is heading for the starts but needs to retrace in order to keep it making higher highs! The question is how much will it retrace?
*Update*
-> According to first overview, monthly support 9784 held and pushed the price to above our target (11133) to 11400.
-> After making all time high, bitcoin prefectly retraced to our 4h 38.20% fib level 9244, as told. Price found it's new support level and, now its back up to 11300.
-> Our next target is 12483 which is next monthly resistance level!
Could we do it or its a trap before major correction to 8000 level?
BTCUSD updateBitcoin is back at its previous resistance, after the pennant broke, we need to break this consolidation zone. TP is the same!
Bitcoin 10k retracement?Bitcoin just took off after 8314 consolidation zone! We have three overviews.
1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact.
2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133.
3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major monthly trend line(Support) crosses through.
Bitcoin is heading for the starts but needs to retrace in order to keep it making higher highs! The question is how much will it retrace?
BTCUSDBitcoins new target is 9,784. (overall 10k) We can expect minor fib retraces to 38.20% (monthly support/ tl) Lets bank!!!
BTCUSD*Update*Bitcoin has came up very quickly/ earlier than our analysis. We can hit our target and eventually 10k, but we need a slight pullback/ fib ret. Which leg will hold the ret?
BTCUSD UpdateAfter the major correction, 38.20% fib held.
If you can't handle my 20% drops, you don't deserve my 600% gains.
BTCUSDWe had a major correction, currently at 38.20% daily fib. If support holds, we will head back to 8000 and make new highs!
EURUSD - Short term sell-Overall bearish move on Monthly chart
-Hammer look-alike printed on weekly zone (Weekly chart)
-0.236 fib level is minor zone and shooting star has printed
-PA is likely to retrace shortly to the CTL
38.20% fib ret *Update*As mentioned in previous analysis bitcoin could retrace back to 38.20% fib, we almost took out out profit but the fib retraced! Perfect time to long till 8000/btc and over all target which is monthly resistance 8438/btc!
