hello guys. as you can see gold is forming a fake divergence on the RSI indicator! on the other hand, it is forming a widening pattern too. we can wait until the pattern breaks or we can get a short position on the upper yellow area. the target is $2470. __________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write...
hello guys! I've published the perspective of BINANCE:BTCUSD : now let's dive into a short time frame: Current Price: $69,781 Chart Overview: - Resistance Levels: - Immediate resistance at $73,612. - Next target at $77,604. Trend Analysis: - Bullish Trend: Bitcoin is in a clear uptrend, trading within a widening wedge pattern. - Corrections: Two...
#Bitcoin #Daily #ElliottWave #Scenario #Tommy - These are some of many scenarios that I am personally considering from the Elliott Wave Theory perspective. Numerous technical factors that are observed frequently especially in recent financial market such as widening patterns, stop hunting price action, parallel channels, and master patterns have been taken into...
#Bitcoin #4 hour #Binance #Tommy - 4 hours of Bitcoin. BTC broke the blue downtrend channel upwards on 3/1, but BTC re-entered the channel again without showing any retest support at the top. - Since then, BTC is moving towards lower highs and lower lows with resistance from the black inward trend line. In the case of a break above this intrinsic trend line, I...
#BTCUSDT #Binance #Daily #Midterm - What a sharp drop! Bitcoin was rejected thoroughly at 52K zone which is around bottom of the major orderblock formed around early May 2021. - I have addressed this very resistance gathering technical factors such as numerous upward trendlines, top of the parallel channels, and projection/expansion/retracement levels of the wave...
Nice bearish widening wedge playing out and bouncing between these Gann fan and Fibonacci fan levels. Don’t know how long this pattern will last, but I’m expecting a breakout towards the downside. If your planning to play this setup. Use SPXU as the underlying asset. SPXU is a (•-3) exposure to the S&P 500 ... so calls=puts.
We are at the the point where ADA is going down to support once again at 0.03850 price zone. Just for a short time :) This pattern- ascending widening wedge is 80% of times bearish. But I believe that we will bounce from the support zone right back up and then going to real bull season again. Right at the time when BAKKT is going live. Like always, place a Stop...