Using technical analysis to find levels to get into a long trade. I use trendlines, VRVP and fib levels to find the levels in this example.
looking at this purely speculative at the moment, but the chart patterns do have favorable probabilities of playing out. Then using this in confluence with Fibonacci levels/ clear support and resistance levels and the theory would be to take out liquidity to the downside first. You have just increased the possibilities of your next swing trade.
reaching a key area of support, former resistance flip. hope to have nailed this trade long at $1860 and that we have seen a short-term bottom.
The execution of this strategy may require a significant amount of time and planning, but it has potential with a possibility of the commencement of a weekly bullish divergence within a four-day timeframe. It would be advisable to closely monitor this development, as it may present an opportunity for a swing long position. It is worth noting that despite the...
Wow, this analysis is like a thrilling rollercoaster ride through the world of finance! We've got the S&P taking an interesting twist, possibly reaching its peak, while BTC keeps sliding down and the DXY showing some promising upward potential. All of this is backed up by fancy techniques like Fibonacci levels, divergences, and confluence with measured moves....
ETH and BTC both a 4hr bull Div in which has proven in my back test theory to give a substantial move. Check out the charts fot more accurate levels of what I believe happens next. I am in a long on both ETH and BTC from the bottom of the range. My strategy is to scalp a potential break to make a lower high tp 1 level is marked on the chart and a possible final...
I have back tested bitcoins theory on the 4hr bull divs back to January and it gives us a high probability of a move to the upside, at least for the short term. Check out the chart for my speculative take on what i believe the next moves will be for the rest of this week
I am anticipating aprox 8-9% drop on BTC at a minimum as this weekly divergence could possibly take away all BTC gains
TA for marking out potential levels the use of fib retracement to the golden pocket. Bouncing off a 1hr and 4 hr bull div, currently hope to close a 4 hr above the poc.
I believe we will make a quick small move up then eventually a break down from all the bear divs we have now put in on the 4,3,2 and 1 day. If so check out my next long levels.
Marked out retracement levels to potentially long BTC on confirmation divergences.
Marked out retracement levels to potentially long BTC on confirmation divergences.
Some levels and Ideas on Kaspa coin using chart patterns and technical analysis
Looking at the potential future possible weekly bear div and using technical analysis, combined with the market psychology to determine the next likely move for BTC
Weekly bull div into support level and now breaking resistance, will this play out?
Pull back to the local golden pocket also in confluence with the trend line I'll be looking for divergences at this level for a long position back to the top of the range keep in mind CPI data released on the 12th of the 7th so we will probably have a little more volatility than usual good luck with trading