PHX/BTC Optimal retracement for a 25% run explainedWe got a break in the market structure here, and now we have to wait for some retracement to look for a buy.
There's a bullish breaker nested between .62 and .705 fib retracements which is a great spot for Phoenix to retrace before attempting to break new highs. This retrace would also fill that small void we left during the pump.
Some terms I used here:
- Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support.
- Void - a fast move in the market in one direction, usually in just a few candles and without any proper retracements during the move. Most of the time after the move is done the price will eventually come back to "fill the void". Also called an "inefficient move".
Phoenix
Daily Bullish Signal #PHX #PHXBTC (30-09)#PHX (PHX/BTC)
Buy : 200-205
Flash Sell : 210
Short Sell : 215
Long Sell : 220-230-240-250-260
Stop : 190
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PhoenixPHX/BTC
I did not find much information about this coin
But when I saw the name of this coin, I immediately remembered the article by the economist from 1988 about a currency that will be called a phoenix.
Read more
socioecohistory.wordpress.com
altcoopsys.org
The weird 9w bullish Bitcoin chartcredits to dd for the timeframe idea.
Experimental chart, testing timeframe.-
As you can see the blue area (energy) has bottomed and is already going up. Green line is accumulation and its peaked (check 2015's bottom)
the only thing that maybe still needs to bottom is the indicator behind the candles (bsp) but it can turn and bottom right here.
targets are based on previous trends slopes.
NFP Week - USDJPY 4/3-4/9 ForecastThis ties directly into what we wrote for Gold for this week. We're expecting a bullish USD over the first half of the week, possibly halted and reversed by bearish fundamental factors on Wednesday and/or Friday. If the current level around 111.300 breaks, I'll look to possibly buy at the retest of the broken trendline around 110.900.
Price action and the specifics of Wednesday and Friday news will be crucial for the week.
(Our Gold analysis is a private markup within Phoenix FXC. Contact us on Facebook or LinkedIn if you're interested in gaining access to our private chart projections.)
