with the next monthly pivot coming in this area as of now and our next yearly at 16k region. I would be hesitant to get bullish until maybe later Q1 2021. mainly because every monthly pivot in the last couple years has been tested and every yearly for the last 7 years and possibly more. back tests on these magnetic tests can be seen with standard pivot points...
Lets look at what the price did the last 6 years when btc opened up a new year with an untested yearly pivot. 6 out of 6 of that year almost immediately started their rise or fall to test the pivot. This is despite whatever excuse for why that cannot happen now. even with that panic fall in 2015. the very new W2 wick went up and struck it on the dot. This is...
Historically. every pivot point on the yearly has been tested. Every monthly last year. and over 90% of the weekly Algos behave as if they are magnets until tested once their timeframes lock them in. and then opposing magnets once tested and held. so they can be points to trade towards. or points to buy dips or short rips on once tested.
Weekly level once again acting vital for gold. Price bounced from weekly and I am expecting to see further upside potential. Anticipating a small retracement to the liquidity area and then rocketing to 1910 next magnetization area. #tradesafe #tfd #theforexdaddy
We are going to look at Mainframe for a middle - long term: MFT/BTC hit the bottom line and a reversal trend a reversal trend is about to happen We are now in the accumulation zone The big volume gave as another strong signal for a trend reversal The risk reward ratio is awesome: Trade: MFT/BTC Buy: 88-93 Targets: 1. 140 2. 160 3. 184 Stop loss:...
This is my BTC/USD forecast for the next months. In crypto we know that timing may vary a lot faster than forex markets. Anyhow I see those final low target for the bear market: 30% = 6000 $ AREA . DOUBLE BOTTOM AND REVERSAL 65% = 4970 $ AREA. MAGNETIC MEGASUPPORT REVERSAL WITH VARIOUS CONFLUENCES. 3% = 3000 $ AREA. I cannot think at anything lower also because...
Sell Scenario 1 (H1 Chart) We don’t yet have a clear trend line but if the pair consolidates before pushing higher, we will use the low to draw our most recent bullish trend line. Once price reaches the 1.3210 level, we can start looking for the breakout below the TL. Stop loss – above last high created. Target 1 – 1.3100. Target 2 – 1.2960. Sell Scenario...