I squared the chart added fib circles. based off this idea, today October 3rd could be a major pivot point, either longs take control and break above resistance or the bears are back in action, pulling the price downwards.
Interesting chart, just having fun with squaring, shows potential support/resistance. Think of the center of the circle as a Sun and each ring as a gravitational orbit, once price action is pushed to the left side of the star, we could see an uptrend(just an idea). If price action losses an "Orbit" then "gravity" pushes it to another ring. Can anyone apply some...
just messing around with fib channels, but looks pretty interesting
initially the setup hadn't developed yet, so I pulled from current resistance down to support, checked overhead and to the left price history for confluence with the idea, and sure enough price action is respecting them on the money. As the chart develops I will reset the fibs to what ever the larger chart pattern begins to form.
Insane wick on kucoin listing will it ever hit it again? a I doubt it hahahah
parabolic currently breaking higher ready to go vertical if bitcoin behaves
at a 50/50 point in the market, best to wait to see what price action tell us if you're not already in the trade.
How I pull fibs first look for retracements, then from within retracements, look for a range, a reversal pattern, support and resistance. next, pull long fibs within the range, use volume and moving averages as your guide. Use your long fibs to check to see if it's respecting price action. Finally, look for entry and exit idea's, what may happen with price...
a break of a huge cup and handle Volume to support flagging right underneath resistance fibs set as take profit targets
Double bottom reversal my game plan time to make sushi a midterm hold
looking for entry on a retest or continuation pattern in smaller time frames
Just walking you through my process of my style on how I breakdown charts using just fibs, support/resistance and chart patterns
How I run my trades using house money(free crypto) this trade is 18x in profits, 23/24 days not bad. Whenever I get a 100% pump, I remove my initial investment I'll watch it less and make better decisions.
New chart high risk accumulation looks bullish probably still has time to play out
Huge double bottom reversal once this thing starts moving it's going to be hard find good entry I might just dca into this one
bull pennant lots of potential just looking for a break/retest/volume confirmation
A huge reversal based off a potential double bottom, will bounce hard on break
ascending triangle directly under resistance fibs as targets on larger time frames