SMH just hit a Golden Genesis fib at $209.43. That fib is reinforced by a Covid Stimulus fib. This is a major landmark in this ETF's history. $ 209.43 - 212.89 is the immediate resistance. $ 236.36 - 238.96 is the next major resistance. $ 191.21 - 191.90 below is the first good support. It is PROBABLE that we orbit this zone for a while. It is POSSIBLE that we...
Please check chart for details. TARGET : 165 STOP LOSS: 135 **These are my personal observations. Please trade at your own risk.**
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BTCUSD still looks like a regular flat, just with a prolonged, elaborate, and extended C wave. Wave (1) of C is circled in the red ellipse, wave (2) appears to be an expanded flat (green ellipse). Wave (3) appears to be still in progress, with more downside likely, in my opinion. Corrective price action in the blue ellipses appear to be zigzags, and so are not...
We can see here that price kept rejecting from EMAs (ema200 & ema50) The market is still unstable, if Bitcoin breaks 57k level then expect ONDO to fill its down wick around .60 to .50 level
Price action in orange ellipse appears corrective, and in that light I feel more confident that the move from 5333.50 to 4963.50 was a complete impulse wave. From here, I see two possibilities: the bullish count (green) would have us at or near the low of today, with a move back up towards 5154.25 to complete a (B) wave; the bearish count (red) would have us...
🔍In today's analysis, we observe a continuation of yesterday's market movement, characterized by a minor downward trend. Yesterday's correctionary movement, as discussed in our previous analysis, has extended into the London time frame today. This movement has nullified all corrections suggested yesterday, indicating the potential for a second wave of decline in...
On 4h TF FTM is creating a candle long wick on the support so I think FTM can bounce back from this support, just wait confirmation Time will tell
Trend Confirmation: Helps confirm the presence and direction of a trend. Timing Entries: Indicates optimal entry points based on the alignment and behavior of its three lines. Risk Management: Facilitates setting stop-loss orders and managing risk by using Alligator lines as reference points. Trade Confirmation: Used alongside other indicators to validate trade...
We can attempt to buy AUDJPY from specified level as 0.5 FIB , HL also occur , also there is no bearish divergence. SL , TP mention in chart.
Let's take a closer look at the Bitcoin chart, using a three-day timeframe. Here's the scenario we're observing: we've developed a significant bearish divergence. Additionally, Bitcoin is currently in a short but valid sideways phase, indicating an impending decision on direction—upward or downward break is expected in the coming weeks. Our analysis leans towards...
Looking for the 8H H&S to complete with price dropping at least to the daily 50% FIB level. This is also the 8H high from 4/5/24. This area is: -the Monthly bullish .382 FIB level -the Previous month high -the Weekly level of 4/7/24 -the 8H 4/5/24 High Price will either: -break and retest at this area to continue bearish -price can reverse in this area to...
Is bitcoin following Microsoft to the TOP? CRYPTOCAP:BTC NASDAQ:MSFT
Following yesterday’s edition of ‘Confluence Watch’ on the EUR/USD, today’s attention shifts to the Digital Currency Space: Ethereum versus the US dollar (ETH/USD). According to the weekly timeframe, the major altcoin is down nearly -10.0% WTD and fast approaching an area of confluence (support) between $2,283 and $2,627. The support zone boasts several...
This is an idea of long position on BTCUSD we have strong supp on this area 56750-54500 so I decided to take the risk on this trade RRR - 1.7 I'm using as usual on my strategie Fibo + Res/supp + Volume This is not a financial advice, I'm just sharing my ideas with You.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.