1-What's BTC market bias as of now?
-Price has formed (or 90% formed) an ascending wedge (red lines), which indicates a down movement possiblity.
-Price is near monthly support (63K zone). If price breaks it, it will continue downward. If it bounces back, it will go to the wedge's upper limit (mentioned in a).
-Volume (yellow line at the bottom) is decreasing;...
Note: It appears that the chart looks crowded when viewing it on a computer so please use smartphone to have clearer view
Hello everyone, I hope you are doing great.
This idea summarizes my analysis recorded in my previous ideas with clearer description of what might happen to the EURUSD market in the upcoming days or weeks.
I hope you find it helpful and if...
Hello everyone,
Today's analysis gives more detailed predictions on where the price might pullback based on Elliott theory along with Fibonacci retracement and two Oscillators.
The prediction considers the following:
a- Wave 2 possible pull back points (50%, 61.8%, or 78.6% of Fibonacci retracement)
b- Correction wave ABC (sub waves of wave 2) pull back points...
Hello everyone, I hope you are having a very good day.
My analysis is based largely on Elliot Wave with the support of Fibonacci retracement, RSI divergence, and key levels.
Let me know what you think about this analysis below in the comment section. Thanks in advance.
Peace,
Husain
