In me previous analysis BTC failed to even reach for the 50% Fib level and ended its correction at the 30% level. In my opinion we are now witnessing BTC's new bullish movement. (Not a financial advice)
This is not a financial advice or trade idea. Merely my opinion if Bitcoin were to test the 200 MA for the first time since its long ongoing uptrend. (Test Analysis)
Hey folks, Bitcoin price entered an institutional ranging (consolidation) phase right after the $10k dump. My game-plan is as follows: Assuming the demand area will hold and buyers will get tempted to buy at the demand price, then I expect BTC to reach 57,200 mark and that's where I'm setting my first profit target. If the price manages to break above the 52.2k...
BTC/USDT DAILY CHART ANALYSIS Intro BTC price breaks below its ongoing uptrend trendline since December 2020. Observations 1. Historical data shows that the price attempted several times to retest the 50 moving average, always, failing to close under. 2. Price broke below the trendline once in the end of January 2021. Aftwerwards, the price action continued...
Hello Fellow Traders, I have published this idea before. Unfortunately, it has gotten removed by the tradinview team due to me violating the house rules which I was unaware of. The violated rule was sharing my private links. Thankfully, they have just given me a warning, and made me knowledgable on how to fix this problem in the future. I hope you guys become...
Gold price entered a parabolic movement, right afterwards price action shows a daily consolidation. In my opinion there might be a retouch at blue support/resistance zone. Although parabolic movements are usually followed by: 1) Cup and handle pattern which is a bullish sign. 2) A sudden drop Also, recently the the candle opened above the consolidation, which...
1) Significant touches at the trendline 2) During the retest for the trendline, Gold starts entering consolidations. 3) The green consolidations showed a lower breakout. 4) The purple consolidation showed a top price breakout even further above the trendline 5) Price managed to fall back under the trednline entering another consolidation (the red box). 6) A...
Since November 20 and the Oil market has been in an uptrend entering consolidation phases then breaking above. The recent consolidation shows a bounce back from the maximum resistance of the consolidation. The daily candle hasn't closed yet. If it breaks above the consolidation I am longing oil in the long run till 68-70. As for now I will scalp and take advantage...
Contact me for the analysis report.