MMBTtrader

MMBTtrader Updated 

As we can see Bitcoin is completing Elliott wave and we are still looking for bullish market and continuation to and important zone that is our target too ,zone looking for : 66000---68000 that is 0.27 % of Fibonacci level too and its best place for looking end of this Elliott pattern and then from that area new Fibonacci retracement set and show us the...

MMBTtrader Updated 

Green path : Gold is in an important and strong support from 1.daily support and 2.trendline so we would expect at least some reversal candle and gain in price to our first target Target :1750(why? beacuse as you can see it is resistance and trendline will push pressure to it on that area too ) Red path : we expect gold don't fall any more from that green zone...

MMBTtrader Updated 

wow perfect and clean every thing is obvious we have valid channel here that price touch low of channel and two rejection created on this low ,if we pay more attention we can see that price make reversal pattern on channel low and 0.5% of Fibonacci level both and last target is based on channel high and 0.27% of Fibonacci level too. Targets : A. 230$ B. 268$ C....

MMBTtrader

AS we can see buyers are more willing to buy and creation of Ascending triangle can show us the opportunity of opening long position now What we are going to do is this that wait for breakout on triangle and continuation to upside Target: A.1.2100 Red path: if triangle completion and breakout to upside broke and we lost support shown by green line then we...

MMBTtrader

First of all for sure we had breakout and lost that strong and important trendline why? cause retest of broken trendline completed too ✔ and now for more sureness and conformation we can see that Head and shoulder pattern is completing here and after breaking neckline(black line on price 1715) we would expect more fall all way to our targets Targets : A. ...

MMBTtrader Updated 

Hi and welcome to this educational post: Here is some of the important Reversal Candlestick patterns : 1.Hammer : we can say lower Shadow is at least twice size of body and body close and open points are near each other (small body) and the candle formed like a hammer and beacuse of this we call that ... and hammer has high reversal potential to upside ...

MMBTtrader Updated 

Short term analysis: Bitcoin reach new all time high in previous days and reach 60K so many news and ... pointed this huge gain but the thing here is this that, that was just fake breakout why? beacuse when price fall back to 58K for retest of previous resistance that broke no support taken and price fall hard to 53K near strong trendline that shown as <> on...

MMBTtrader Updated 

Red rectangle shows what we expect on this analysis and what is the purpose of trade and targets are : in uptrend sometimes we have descending channels that they are short term bearish patterns before next huge rise Targets : A. 0.4700 B. 0.4960 previous fall that was expected : <> <>

MMBTtrader

we had rejection from 0.5% of Fibonacci retracement 3 times and price continue to fall each time now on this important zone what we expect is Red path to continue and price fall to our targets Targets : A.1.3780 B.1.3645 Notice :(Green path ): if and if price break resistance and retest complete then we would have different scenario but still 0.61 % remain...

MMBTtrader

What we expect is simply shown on rectangles : trendline broke and here is now one of the most important zone and two scenarios is available\ 1.Red rectangle and red path : price start drop hard and Ethereum has the potential too because previous high not touched and this means lower high on daily time frame and we would expect maybe even downtrend starting on...

MMBTtrader Updated 

as we told we expect that LTCUSD reach new high this week but for now what we expect is some range or rest here to gain power for more pump or push to upside our targets are based on Fibonacci levels Targets : A.212 =7% profit (0.23% of Fibo)<> B.200 =12% profit(0.38 of Fibo)<> C.190 =17% profit(0.5% of Fibo)<> here is what we expect in long term : Notice ...

MMBTtrader

Hi and welcome to this educational post: Here is some of the important Reversal patterns : 1.Double Top: price two unsuccessful times try to break resistance and continue the trend but second time that failed if the price fall more than previous support that formed (fall under neck line) then pattern completed and falling would start . 2.Head & Shoulder : has...

MMBTtrader

for short-term traders we talk about market at the weekend and discuss about sell opportunity's on this important area : But if we see market with different view we can see that EU is getting weaker and weaker important Area shown on chart As Red rectangle , on that area we have most and heaviest daily support why? 1.previous daily resistance that is now...

MMBTtrader

we talked about Gold that need some drop after touching resistance on 1740 and that happened too as we expected : now support on 0.61 % of Fibonacci is completed and we are looking for another entry as buyer on Gold Green path :after some rest again we expect market show strength and climb chart to our targets taken with Fibonacci levels Targets: ...

MMBTtrader

here is an update for previous analysis that shared before and already in profit : what we expected technically is this that market reach targets easily after some rest with Fibonacci retracement that used and again price start to🚀 Targets : A.240 B.270 C.290(we would come with an update if A & B touch) Notice : we expect falling to 0.5% of Fibonacci from...

MMBTtrader

in long term scenario this is what expected: so market is still bearish and even more fall expected but for now and short-term trading with targets near 100 pips this is entry point and Target for start of new week. Target :1.1850(+ 100--120 pips) Green trendline : middle of channel and valid trendline that price react by touching that before Green path :...

MMBTtrader

correction or breakout ? what do you think? lets discus in comment section ? Red Arrow (Purple arrows ): Simple and easy Bitcoin is near strong resistance and why strong resistance ? 1.is near channel high level and soon sell pressure will lead market to down side . 2.we are touching all time high and its strong resistance too . 3.if this head and shoulder...

MMBTtrader Updated 

previous analysis on GU reached target : and here is update that what we expect now from market Red path : GU created new local trendline that is green trendline and we expect the market break that and fall all the way to reach our targets that is near strong support area and purple trendline that is daily trendline on...