Hi there!
In 2018 after the bull run the market had a rally to .618 fib level & took 7 months to pump from $3000 to $13,500, applying the same mathematics to the currently rally after the last bull run a pump to .618 fib level in 7 months would take us to $48,500 by July.
Then had a 72% dump before the 2020/2021 bull run, and if the same thing happened we’d top...
Chart 1 : BTCUSD's Downward Breakout From Bear-Flag Channel
(Chart 1 also includes a hypothetical price path showing one probable way that price could retest the channel and the downward trendline that has held as resistance since November 2021.
BTC's Downward Breakout from Parallel Channel/b]
On August 19, 2022, BTC fell over -10%, breaking out below its...
HELLO AGAIN TRADERS,
As predicted in my last two posts, it is taking a few attempts to definitively break through the DOWS THEORY level (50% retracement) of $3124 and leg up into .5/6.18 range and continue the upward trend. As mentioned previously, looking left on our chart we see the last time we were rangebound in this area following the MAY 2021 crash, it took...
$SQ might have found its bottom need to confirm support in this area bears still in full control
looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area
I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks...
In forex trading, the Fibonacci sequence can also be applied to market behavior to find high-probability trading setups on a wide range of timeframes. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two...
In forex trading, the Fibonacci sequence can also be applied to market behavior to find high-probability trading setups on a wide range of timeframes. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two...
61.8% BEEN HIT AND HOLDING AS SUPPORT!!
LATEST 4H CANDLE STICK CLOSES AS A HAMMER I WOULD SUGGEST GOING LONG AS WE WOULD BE HAMMERING OUT THE BOTTOM FINDING NEW SUPPORT!!
I posted exact entry on this sell last night, just not on tradingview. You see the .618 fib level that it just found support at. That's the level I would like to see it break. I believe there is huge potential downside on this to break the low. Right now on 1 and 4hr it looks like it might pull up. It is right now. If you bought it (I'm not), you may get lucky and...
