BNC:BLX BTC moves in accord with Fibonacci Levels more so than most assets. I will use 2 different Fib tools, and 4 ways of drawing, 3 of which are the classical "Fibonacci Retracement", the other one is "Trend Based Fibonacci Extension". Before beginning it is important to notice that; The dashed line Fib, is " extension " drawn from high to low, 1.272,...
Shared with the fam last night and caught the pivot at 42605. Looking for it to get to at least the algo first target and the Pitch fork median line. If it pops higher than that, fantastic! BUT there are some structural resistances over head its going to have to blast through so watching those areas!
Does it sound so crazy 185k May 2022? Is it really such a massive move? All we are talking about here is a 290% move from 52k , it did that in October 2020 to January 2021 , in just four monthly candles Bitcoin moved 300%. If we close this months candle at 52k or above it will increase the chances dramatically of triggering the last phase of the cycle and since...
42000-42500 SUPPORT target confluence fibs at 46100
We have a falling wedge and a strong support zone at $1 to $1.2. Also, we have an RSI divergence that confirms the bullish.
Still looking for hits at lower level liquidity (red arrows). Reference btc bookmap
As you now dears we're in range and it doesn't matter you're short or long your stoploss is hit because that's what the range does. What to do now? It's so simple! Wait for price to break the trendline then long it or wait for 40k support to be broken then short it and DO NOT trade now. Good luck
4h chart: Right now it is fighting around the $43400 level that is a confluence point formed by an ascending trend line and fib level. Lower targets: 41800 Higher targets: 45800 If we look at it in a simple manner this can be a RR 2 or less trade, depending on your entries. And yes, mid term view is bullish, hence the long trade idea. 15m chart: Trying to...
This will be an analysis I hope to continue over the next few months, as it is currently well above my understanding. To have a fundamental understanding of what this chart means, I highly recommend reading this article by economist Martin Armstrong. The cycles relevant to this chart are found on page 25. www.armstrongeconomics.com I've broken down each...
Long DOTUSDT Im looking to long CRVUSDT after a 6h close above 27 1st Target - 29.11 zone 2nd Target - 30.89 zone invalidation daily close below weekly open of 24.63
Recently, BNB bounced off a massive support around the $410 area. Since then, BNB has seen very strong growth, likely the strongest of the top 10 cryptos. Seeing that the entire marking is seeing massive inflows of capital, I reckon that BNB will see further growth. Most likely we will continue to go up and find resistance at the top trend line of the...
Just like most of the crypto markets, AVAX has seen a sharp reversal over the last couple of days. If we connect the December lows with the lows of last week and the latest tops, we can clearly see a bull flag pattern emerge on the chart. Since we're coming from a strong bullish trend, the most likely scenario would be a bullish break out from this pattern. Be...
- BTC could retrace to the 1st purple target area which is between the 0.5 & 0.618 fib levels of the Elliot wave A - this target area is also the bottom of the ichimoku cloud - bearish TK cross - double top - high RSI - the second target area is the 1.618 fib level of the wave A move, it could reach this target area if there is not a lot of buying volume
I believe the highs were put in back in November with a relief rally coming soon that will be capped off around 50-60k (Will revisit closer to these levels). From here, more selling throughout 2023 into Spring 2024 with a potential bottom around 18-21k. Will require patience and will monitor this as we go.
broke down bad and been hating this trendline since breakout could be decent havent played it recently ww more update charts coming
Hello trading friends, As a trader, you want to make the best choices and want to get the max from your trading. but let's talk small about cycle trends. Cycle trends are the most profitable trades, yes, and also the lowest risk if you choose it depending on good risk management. I am sure if you manage the risk management well, then we can see many successful...
Hello Crypto Lovers, Mars Signals team wishes you high profits. We are in the 4-hour time frame. The price has broken the R3 resistance and made its pullback to the line. The price is making a head-and-shoulder pattern and if that is the case then it will fall. We have three scenarios for Bitcoin in mind. First is that it is likely for the price to fall to the...
Hello, That was a juicy hourly wick we just got and closed with an inverted doji candle which is bullish. Seems market structure is making an attempt to flip $42,900 into support and we just bounced off the demand zone (old resistance, new support) higher low with a push back into market structure high range zone around $45,300?