ADA has touched the 78.6 zone twice already but with a new lower low, we may see it break into the zone. This would be a great place for an entry. BTC dominance is rising so I expect the Alts to drop until the dominance levels off or at least slows down...
ENJ has been playing in the 50% zone for a while and now seems ready to go. Overall uptrend momentum in the H1 chart. Using fibs as always to identify entry and swap exit.
Executed a Buy Stop order on Coinbase Pro today (first one) at $5.11 based on price exiting the 50% zone. TP set at the 1.272% fib extension level at $6.63. When TP hits profit of about $75 on a $250 investment.
If ATOM clears the 50-61.8% level, get in at the purple line (Buy Stop on Coinbase Pro would work) and take it to the two Swap Levels based on the Fib Extensions. Chocolate Cake no Broccoli
Trading Capital of $3,400. Price is currently testing the 38.2% zone. Therefore, looking for an entry price of $24.83 in the 50-61.8% zone.. TP1 (half position) at Fib Extension 1.272% TP2 (rest of position) at Fib Extension 1.618%
Trading Capital of $3,400. Price has passed through and retested the 50-61.8% zone. Therefore, looking for an entry price of $1.389 based on the 78.6% retracement zone. TP1 (half position) at Fib Extension 1.272% TP2 (rest of position) at Fib Extension 1.618%
Love me some BTC. I put a chart together early morning april 30 2021 calling for Bitcoin to go up to around 59375 as a 4th take profit. Price was at 54,150 when I created that image. I did not publish it but I wish I had.
ETH all time high but watch it at the 1.272 and 1.618 zones. These are the Fibonacci Extension Zones based on the current move.
Price is currently retesting the Pivot level. We will see if price wants to break above and continue the uptrend or bounce again and come down. It has closed above the 50 EMA but not as deep as it did the last time about 3 hours ago. Looking for a strong buy signal around 45k or so...The wedge forming looks like price wants to come back down but we will have to...
So BTC has decided to let me get one more entry under 50k thank you very much. Did a partial entry just below the 50k strong level (whole number, Fib level) and am waiting to see if price will make it all the way down to 47k or lower. 43k is a possibility but I don't want to be greedy. Can't wait for a couple weeks or so when it's back at 60 or 65k!! Rollercoaster...
This is a very busy chart but I hope it makes sense. And as always. Trading involves risk. This is not trading advice. I am not a financial advisor.
BTC is consolidating with a slight upward momentum. It has been bouncing between the -1 and the S1 for the last 32 hours. When the sellers finally get tired, wait for price to leave the current seller's zone, retest and then look for a RBR out of the zone on the 15 maybe for an entry. TP1 at around 64k at the entrance of the seller's last stand zone and the S2...
Since price already hit and left the 50-61.8% level, it should continue in the uptrend at least to the 64k level before a retracement. It will likely push past since it has already spent considerable time there. Look for additional TP at 65625 R8 Level. There is a drop base drop at around 63k that it will have to push through but looks likely.
Textbook entry in the 50-61.8% zone as BTC left the building again... Fibs make it so easy to trade BTC when you know what to look for. That sweet spot is BTC's favorite location.
This huge, out of place (way larger than the rest on this time frame) candle means that price went out of the zone so fast that orders were left waiting. And apparently a lot of orders. Since it took price about 27 hours to get back there. Otherwise, price would not have returned.
The 23.6% Fib Retracement Level has not been activated because price did not close below the 23.6% level. So we have to use the Fib Extension tool which is what we look at when price has not retraced sufficiently for us to look for a zone for entry. We are looking at where price may settle or get exhausted in this current uptrend. Around 64,8000 (1.272%) is the...
Based on the last 20 hours of BTC price action, it appears that BTC is close to exhausting the sellers located in the red box which is a 50%-61.8% retracement zone. Price has spent more time in that zone than it has in the blue 50-61.8% zone of buyers. The 200 EMA is trending up and momentum (50 EMA) has been relatively neutral.
BTC is poised to either make us cry for joy or sadness. Depending on which way it goes, different levels being broken. Chart has all analysis.