Hi, Welcome to my 3rd video which will be part of the series of the Bitcoin Macro trend. **************************************************************************************************** Note: I posted a Macro Level chart back in July this year that is doing a good job for the current price formation. The logic of this chart is also used as a reference but...
Hi Yesterday i posted the 1st of many planned video's to come. The first video covered BTC at a high level, which encompassed the life cycle of Bitcoin and the many phases that make it up, which is based on my perception and what I see from the historical data. This video is to continue off from where I left yesterday to cover some other components I have...
Hi, Yesterday, I attempted to present a overall assessment of BTC in the single video, which turned out to be bad for a number of reasons, most of all, the voice recording, it was terrible. So I decided to break this presentation into a series of posts, each covering BTC from a specific point of view and level in terms of TA. This video post covers BTC from a...
UsdJpy putting a healthy uptrend on the 1hr with some room up to go higher. Nice fib cluster at our first resistance turn support level and a good probability setup to keep an eye on.
AUDUSD has a few things lining up which I think makes for a good play. If we look for a 3 wave retracement to complete as AB=CD equality, it will hit bang on a long term Fib confluence level. Some further analysis on higher time frames supports the idea that it will then head lower. I might update the idea to show, if anyone is interested.
This just seems how all the fibs are measuring out wave wise. Watch that 99000 level.
BITFINEX:BTCUSD The precision of the confluence between the two fib retracement levels struck me when I was plotting out resistance levels. On that basis I suggest keeping a close eye when price reaches 12,961. A break above would be very bullish but I think it is likely there will be some retracement from near the 12,961 level before the next wave up.
In my last post (June 2017) I discussed two scenarios. The first scenario worked well. The pair broke out of consolidation, thus crossed the first strong pressure zone Z1. It faced resistance from a minor pressure zone (labelled on the chart) and pulled back for a retest of the breakout level before resuming its uptrend towards the next major pressure zone Z2....
Price is at a confluence point where 50 sma and 50% fib have meet. Price is inbetween the 100 sma and 50 sma resting at the 100 sma Macd did cross above the 0 levelo line which indicates bul;lish bias If price does go long exit trade if macd crosses back below 0 level line If macd crosses below 0 level line and Red signal line bias is bearish. Take Profits are at...
The overall trend is bearish but looking for a bullish opportunity here back up into some previous structure where other traders might be looking to get short again. We have several tests of the lower levels here, and have been consolidating a bit in a rectangular channel which we seem to have recently broken out of. Would be looking for an entry reason around...
Confirmations: 4 Fib confluence RSI overbought AB=CD pattern Price at 4H trend's lower high Target: Retest of C structure or lower (riding the trend)
Market is in a downtrend, however the recent outbreak to the upside can be a potential relief rally for the market, and after i this complex pullback has completed the market is going to retest structure lows, and maybe even carry on the underlying trend, which is bearish
Trend continuation trade. Daily chart shows price moving towards price level @.03400 (uptrend). Fib confluence @.03318. Nice risk reward ratio.
Hey Guys, Though I had drawn this much earlier I was waiting for the right moment to post it. So as I have expected GBPUSD came up to resistance area, shot over little bit. But we have ABCD pattern completion in same resistance area. If we draw couple of fib lines you can also find how well fib levels align in the resistance area. With RSI also being oversold in...
Hey Guys, Having cheerful Sunday ? Lets do some analysis on LT ? Don't get confused why chart is loaded with Fib levels, for better understanding and explanation purposes I have marked numbers for Fibs. Those who followed Me for sometime will be clear the principal I use - " Gaps will be always Filled " I kept this LT in My radar from the day it gave huge gap up...