Inefficiencies often get filled. This is not a level playing field, big boys want all the shiny things for themselves!
Inefficiencies often get filled. This is not a level playingfield, big boys want all the shiny things for themselves!
But there are times when the confluences just stack up! The Fib extension from the previous swing coincides perfectly with the extension of the current swing. The Bull flag pole from the last swing also lines up perfectly, as does the .618 fibonacci retracement from the entire history of XRP's price action, and plus, we just bounced perfectly off the H4 20EMA...
Just sayin' Trend based fib extension lines up with 4, strong bullish divergence, Like, you can't make it up...right?
BTC makes new ATH! Now begins the fifth wave Fibonacci extension suggests 83-100K
AXSUSD now breaking out of consolidation zone, will complete the 100% sequence anywhere within the golden box, a possible expansion to the extreme level @ 1.618
The forks, the fibs and the AB=CD line up at 38.4K, as well as a zone of strong S/R! Here, its either bounce, or bear market. If we drop out of the forks we will see 30K again. If we bounce, we can aim for the golden box for the next target.
Broke out of a daily Cup and Handle pattern and closed 6 four HR candles above the 0.618. Relatively clear skies once it breaks above 16.4. The target from the cup and handle lines up with the median of the fork. the target also liens up perfectly with the last high, which is not far below the ATH. As the PRZ lies between 1 and 1.23 fib, this indicates it may...
A continuation of the bear flag takes us down to the edge of the fibo forks and also into a region of strong support/resistance. A golden cross is currently printing but it is not magic! Best to sit back a while and watch until it makes a move one way or the other.
Showing a clear pattern of distribution according to the Wyckoff theory. BTC is indecisive right now, a possible bounce from the golden cross will be a tide that will lift all boats but nothing is for sure in this game, trade carefully!
A complex correction in play, should end in the green box
Recent price action has printed a Bullflag, target is 1.6
Look at this! Just a slight tweaking of the 0.0 fib (disallowing some lower but brief price action) lands the .236 fib right on $1.00. $1.00 is a very strong psychological level, and has served as S/R area previously. XRPs price action is now forming an equal triangle, the break out could be either to the upside or to the downside, but current market...
We can see a possible cup and handle forming on XTZ/USDT. The measured move, if it plays out, would take the price up to 6.00!! There is also a small inverse head and shoulders playing out within the handle on a lower Time Frame, I will engage with a small stake and risk at confirmation of the right shoulder playing out I will place a larger order at...
Here we have a set up for ADA. The falling wedge bottoms out at the strong support of $1 so we can use a small stop, in case of a stop hunt, we can reenter without losing too much, (you can just make the stop larger if you prefer) There is a possibility that this pattern is a descending triangle, rather than a descending wedge, in that case the outlook is...
The price made a low at .212, then made a sequence of higher lows and broke market structure before rejecting the .378 level. Price then made a series of lower lows and lower highs before touching the H4 Order Block (.2734) and making an impulsive, yet weak break of structure. It appears to me that the price will now tap into the H1 order block, (.2619), and...
When the market moves impulsively after a breakout, there can be areas of price where orders remain unfilled for the inverse side, (ie, sells in a bull movement), but the market needs to keep everything finely balanced. These areas, called Imbalances, or Fair Value Gaps, will need to be revisited so that the order book can be balanced, therefore allowing it to...