Based on my technical analysis what I know and what I believe in
On our weekly timeframe we’d have a retracement on bitcoin back to our shoulder lines before the massive dump and if our demand zone at $34k is not strong enough then the price of Bitcoin would dump more and more
The banks had already taken liquidity worth over $98k and I still see a demand zone that orders hasn’t been filled yet I’ve placed a long position let’s see how it goes
DISCLAIMER: RISK MANAGEMENT ON YOUR CONTROL
This past few days on minor market structure shiba inu was slowly retracing but just of recent it broke market structure on minor structure reversing from downtrend to an up trending market structure
Currently we’re still retracing on our daily time frame and 4hour time frame if price should close above 13.8492 I’d look for buy setups but if price closes below 11.7424 I’d wait for price to retrace down to our 0.6 daily Fibonacci retracement level then I’d wait for a confirmation before I buy for swing trade profit
We should expect some pump in no time according to the daily market structure price action retraced down to 0.6 Fibonacci retracement on 4h chart we’ve already seen a confirmation that price wants to start moving upward
Currently price tapped at my resistance and using my Fibonacci retracement that’s my 0.5 Fibonacci level am currently waiting for my SUPERTREND indicator to give me a sell signal to go short
According to my analysis we’re still very bullish on @shibainu but we got to our 0.5 Fibonacci retracement also known as our key level but on 4hour time frame we’re still bearish on our minor market structure until price closes above our 4hour lower high (LH) that’s when I would say our 0.5 Fibonacci level is a valid key level but if we create a new lower low (LL)...
On XAUUSD, after the market created it previous high (H) it fails to create a new it fails to create a new higher high (HH) indicating that this market is still in a range from the weekly time I think my support area is getting very week and if it breaks my recent support and my support turns resistance I’d wait for a retrace before I short my position #usd...
My view on btc. Dominance if the price closes above my daily structure I look for further bullish market on bitcoin dominance but if it closes below I see bearishness down to my weekly order block before a pullback to the upside as we all can see right on my T.P 1 it held strongly as a potential resistance but so far so good %6 on spot 60% on futures using 10x...
