Chart Analysis W/C 07 March 2022W/C = Week Commencing.
This analysis is for personal development with the aim to look back to this chart Sunday 13th March 2022 and see how price action has reacted to these levels.
Please feel free to copy the shared chart www.tradingview.com
The chart analysis started with:
1 - Technical Time Analysis - Look back at past price action
Pertinent times where price has moved:
a. 0200 UTC
b. 1015 UTC
c. 1400 UTC
d. 1830 UTC
This is just as reminders that past large price movements have occurred during these times and have seemed to have repeated again and again.
2 - Sessions High and Lows - Look back a Tokyo and New York Sessions Highs and Lows for past confluence areas
a. Several areas have been marked out, the low that occurred today at 11:15 was within a area of 6 previous Session Hs/Ls.
3 - High Volume Recovery Areas - Look back at what areas of high recovery are left behind and their percentage (strength)
4 - Other Key Levels for note - Pivots / VWAPs / Opens / Highs / Lows
Btc-analysis
Golden Pocket Confirmed - BTC - Time to go UP?We have entered the Fibonacci support levels and are in. Downtrend. Incredibly, that last divergence before the dip did a perfect mock up of the previous LOW point. Although this time she decided to go down. Best of luck traders!
What do you think will be the next target for Bitcoin?
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BTC - #BTC &BTC (New Update in Daily Timeframe)Dear Friends
This is a new update in the daily timeframe.
If it can break out this descending trend line then we could expect to go up.
If the volume will be low and not enough to bullish movement then must expect back to support to lowest targets at least 39500 zones.
Fortescue Metals: as long as 18.17 is support look for 21.54Alternative scenario: the downside breakout of 18.17 would call for 17.2 and 16.29.
My pivot point stands at 18.17.
My preference: as long as 18.17 is support look for 21.54.
Comment:
The RSI is above its neutrality area at 50.
The MACD is positive and below its signal line.
The stock could retrace in the short term.
Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 18.88 and 16.89).
Trade Safe -
Jimster45
Bitcoin Analysis | Bitcoin Prediction | Latest Updates#bitcoin #crypto #btcusd #bitcoinprediction #bitcoinnews
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BTC/USDTBtc is standing on daily strong support if he breaks this support high probibility that Btc will come to 40k to 39k and after seller stophunt complete and Btc will go up
Because we actually see the very huge Tp of sellers so if Btc will trigger it Btc will goup without any tension so wait please for a reversal on D1 support
Happy trading
Trend Analysis based off prior weekly candles BTC The past three weekly candles have shown an unprecedented amount of stability. Weekly open and closes have all been within roughly 1.2% of each other. Some may say that such indecision suggests a reversal is on the horizon but I would like to take another look. Here is the BTC all time price history and I highlighted a few examples of prior 3-weekly candle patterns that are very similar to now. The main characteristic of all highlighted candles is an extremely, almost doji-like body. What you'll notice is that after every 3-week period of such low volatility there is an extremely violent move on the fourth week.
The explosive moves vary in direction; however, when taking another look you will notice that the volatility always continues in the trend of the overall market.
What I am suggesting is that after this weekly close (if the current candle closes within the range) we will see volatility return to the market. I believe the price will see a dramatic increase over the next week; however I would not rule out a fake out to the downside before continuing higher.
Head and Shoulder Pattern BTC retesting the inverse head and shoulder which had mentioned earlier👆.
Coreection is very healthy for a market to move upward🙌
BTC after restesing it will march forward👆.62300$ giving a good support for now.
The next suppoort we have is 6100$ to 60000$.👆✅
Market should bounce from here
Ethereum (Complete Technical Analysis)ETH has established itself above the $ 3,200 and $ 3,350 price levels, and will now be prone to a new uptrend if it rises above $ 3,450 and $ 3,500.
Ethereum started a new uptrend with the formation of a strong support base in the range of $ 3,000. It then entered a promising atmosphere by climbing above the resistance levels of $ 3,150 and $ 3,200.
Condley then closed above the $ 3,300 price level and moved away from the 100-hour moving average. So far, the highest price for the ETH trade in this round has been $ 3,489, and the price has just had a bearish correction. As a result, $ 3,400 support was lost and the 23.6% Fibonacci retracement level of the uptrend from the $ 2,970 floor to the $ 3,489 ceiling was broken.
In the chart, the ETH / USD pair also collapsed the support that the downtrend line had created in the range of $ 3,400. ETH is currently trading above $ 3,320 support.
In this case, the nearest resistance level upstream is in the same range of $ 3,400. So the first significant resistance is considered at $ 3,420. Crossing it will probably be the beginning of an integrated uptrend. The higher main resistance is in the $ 3,500 range; Ascending to the top is expected to gain more serious and rapid upward movement.
But if Ethereum is unable to cross the $ 3,420 and $ 3,500 resistance levels, a new bearish correction is likely to begin. In this case, the nearest downstream support level is around $ 3,300.
The key support level is in the $ 3,250 range and the moving average curve; The range where the 50% Fibonacci level is observed. With its collapse, ETH could fall to the $ 3,000 support base.