BTCUSDT.P is (finally) up a bit. The weekly 0.618 Fib-level has held as support and now the chart shows three green daily candles in a row. That has been a while... Price also broke the daily (downward) trendline. That's the positive. But on the other hand... Price is now facing a big FVG (Fair Value Gap). Above that the 21 weekly EMA resistance is creeping...
After being shorted to the N'th degree, and finally breaking out of the downwards channel EQT has been holding, EQT is seemingly consolidating here within a symmetrical triangle, as buyers continue to step in. After breaking out of the downtrend, EQT has formed an inverse head and shoulders on the daily timeframe, along with finding support right in the FIB...
BTC flash crashed about 15%. We lost the weekly EMA21. Weekly range (HoW and LoW) is still in tact though. 0.618 Fib level at 25.879 is acting as support for now (disregarding the wick). The OB at 24.300 to 25.250 is holding (for now). If that breaks more downside is to be expected. Target is the 0.786 Fib at ca. 20.000.
8 USDT is resistance on the Daily and the Weekly. There's a Trend-based Fib resistance around 7.85 USDT on the weekly. The 7.85 - 8 USDT area is also a "bearish" order block/FTA (first trouble area) on the 8H. "Bearish" order block/ FTA = last green candle before downtrend. It's the area where price has a (relatively) strong reaction to the downside (bullish...
The scenario for BTCUSDT I posted earlier is still in play. BTC retraced a bit to levels of (daily) support. Around 29.500 USDT This is near the 0.618 Fib-level (golden pocket). The EMA50 is at 29.350 USDT at the moment. The daily trendline to the downside (dotted) is broken. A new daily trendline to the upside might be forming. Let's see if we continue to go up :)
Steadily creeping upwards for months now. BTC has hit the major level around 30k. This resistance level is psychological (30k), it is the support we found in the summer of 2021 and it is also a .618 FIB level from the top of 2017 to 2019 bottom. On the weekly BTC has been in an upwards trend (gray trend lines)trading above the Bullmarket support band. There is...
In technical analysis, Fibonacci retracement levels indicate key areas where a stock may reverse or stall. Common ratios include 23.6%, 38.2%, and 50%, among others. Usually, these will occur between a high point and a low point for a security, designed to predict the future direction of its price movement
ICT Concepts Confluences: 1. Bearish Market Structure (Choch on Weekly TF) 2. Equal Lows as Target Liquidity 3. FIB OTE Zone
Market Structure + Orderblock + Fibonacci Retracement = Failed Here's why: Trendlines, S/R Levels, Chart & Candlestick Patterns are still relevant. Trade could have worked. It passed all the other criteria (market structure downtrend + bearish fib ret ote zone + bearish ob). It was just a right trade at the wrong level.
Here we're dealing with fib levels derived from macro low & high price levels, specifically covering historic ATH levels. Log scale on because we put emphasis on chart-based A/D in percentages. Identifying critical points of fractal starting from times of eye-catching volatility and perceptible cycles. We start with fib coverage of ATHs chronologically: 1st pair...
SANDUSDT breakthrough resistance and now is in good bullish momentum. A retest of broken resistance along with 38% Fib level will be a good area of value for another bullish leg.
Hello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line. Let's start with the support line and as you can see the first support that is currently holding the price is $ 303.4, if the support is broken then we can see the price drop to around $ 274. At this point, it is worth...
via previous previous idea. we've been waiting for this setup! patience will pay off! lets wait for a bullish rejection candle off of the 50% or 61%. which ever works in our favor, we will take it! if we can catch a bullish rejection & a engulfing on the 30 timeframe, that would be perfect. if it respects the 50% place your SL below the 61% & if it goes down to...
i have sent out weekly forecast on this one i have more updated pattern as the week goes by we see more looks clean i don't think it will break to the down side because of strong resistance also htf suggests bullish condition
Just another post reiterating the potential repeating cyclicality, and a run up to the area of confluence, the 78.6 fib + 0.75 speed fan. This would put Bitcoin @ 48-50k by May-June, followed by a 30-50% dip.
FX:EURNZD 38 Fib, Intra Wick, Psych Buys Also have the 61 Fib as backup if the 38 Fails
Hello everyone, welcome to a chart review of BNB vs USDT on a four-hour time frame. First of all, using the blue lines, we can mark the local downtrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and here it is worth marking the support zone in the...
(adjusted) No 61.8 confirmation, everything is still looking bad.