Good day to all traders out there!
Here’s an example of an OKXIDEAS contest submission:
On the weekly outlook, BTC is forming higher lows, with mini consolidation on the daily timeframe’s resistance.
No fancy analysis for this. Using Price Action + Supply & Demand levels, these are the following options we would be anticipating price to move.
Possible move 1:
- Price rejects resistance (28500-29200) zone and retrace down to (1) 24200 or (2) 21800.
- Price bounces of either of the levels and heads into the Weekly Fibonacci Zone (31870 - 35741)
This entire move should take about more than a week.
Possible move 2:
- Price breaks resistance (28500-29200) zone and heads straight into the Weekly Fibonacci Zone (31870 - 35741)
In the Fibonacci Zone
- We are expecting price to continue it’s upward trend to retest 48270, completing the “cup pattern”
Here’s an example of an OKXIDEAS contest submission:
On the weekly outlook, BTC is forming higher lows, with mini consolidation on the daily timeframe’s resistance.
No fancy analysis for this. Using Price Action + Supply & Demand levels, these are the following options we would be anticipating price to move.
Possible move 1:
- Price rejects resistance (28500-29200) zone and retrace down to (1) 24200 or (2) 21800.
- Price bounces of either of the levels and heads into the Weekly Fibonacci Zone (31870 - 35741)
This entire move should take about more than a week.
Possible move 2:
- Price breaks resistance (28500-29200) zone and heads straight into the Weekly Fibonacci Zone (31870 - 35741)
In the Fibonacci Zone
- We are expecting price to continue it’s upward trend to retest 48270, completing the “cup pattern”
Find and follow strategies from TradingView trading experts on OKX’s Signal Marketplace and empower your trading capabilities. Or, become a signal provider and create your own! www.okx.com/landingpage/tradingview
