BTC / USD have not reclaim its up trend position even though it have a heavy upwards movement for the last few hours, the pivot point have not be close above as it coincide with Fibonacci retracement level 38.2%.
There are 2 Scenario
1. Price going to 3-4 Kish level buy zone and cumulative for buy orders and will be seeing another possible push. Else if price...
This might be confusing on what is about to be shared to you on what am i seeing. i have a set of rules before i determine the market even though we are seeing some movement lately.
Let me explain:
1. What time frame should we look at? Weekly its good enough as Crypto moved 1 time frame faster than the rest of the commodities and stock market chart so i choose...
This week we saw Gold Pumped and got dumped at the level of 78.6% Fibonacci level and crafting out the peak in 2011 and bottom of 2016 within the range period and price very highly respects for fibonacci retracement levels.
there are a few scenario for the gold and would like to highlight some of the things that we might be facing for clarity.
For traders that...
There are many concern lately on price pumping so hard cross industry and countries showing a strong sign of recover, that been said. there are a show selling pressure previous that causes such movement too.
This trade call is base on risk to reward 1:1.1 to sell near 61.8% fib level and ride down to the previous level near the dip. What makes me take this...
Trade is base on what the market structure is, this might seems very pessimistic and a bias selling on current market sentiment. Would like to highlight on the current situation on fibonnaci 61.8% retracement level of interest going back to its current trend going to happen at 2935 level.
Reason of this short trade as firstly at current market situation on the...
