Hello everyone, I invite you to a quick review of the current situation of BTC in the USDT pair, taking into account the one-hour interval. As you can see, the price is climbing along the local upward trend line. As you can see, the price is still growing dynamically, and the four-year cycle of bitcoin may change, but here we will lay out a trend based fib...
We've reached a potential reversal zone, where the ascending channel trend intersects, along with a limit level at 0.7545 and Fibonacci level at 0.618. This scenario is reinforced by the appearance of a bullish reversal formation known as an inverted hammer. The target will be the upper boundary of the channel.
BA is shown on a marked up 120 minute chart with a Volume Profile and Fibonnaci retracement levels as well as the trend angle reversal at the consolidation upon finding support at the bottom of the high-volume area of the profile. The fib levels suggest targets. Risk in the trade is after earnings reports of "beats" will drive the action higher or "misses"...
In time D1, it is moving in an ascending channel. Due to the type of double corrective behavior at the bottom of the channel, a motivational wave has been encountered, which after the failure of the supply zone will have the ability to grow to the next supply zone after the failure of Fibo 61.8. In the 5th wave, there is a motivation, which will be the minimum...
Trading Pattern QQQ has formed an ascending channel which may prove to be very lucrative for derivative trading. Utilizing Elliott Impulse and Correction Waves within the support and resistance lines, Wave 4 may dip as low as $392 which is a few dollars shy of a 61.8% Fibonacci retracement level. Technical Indicators A bearish RSI divergence has been...
Price has been growing in an ascending channel since price hit low @ $67.68 on December 13th, 2023. Fundamentals reported two weeks ago revealed that the Iraq refinery has been re-opened since its closure more than 10 years ago and that meant more supplies which fell the oil price from $78.69 to $75.73 The following week was met with USOIL demand where buyers...
ETC in pair with USDT, testing previously broken resistance. Holding it may be a good entry into long positions, with a potential increase to around $38. More explanation in the chart :)
Fibonacci retracements and extensions are popular tools used in technical analysis to identify potential support, resistance, and reversal levels in GBP/USD (British Pound/US Dollar) trading. Here's how traders can utilize Fibonacci retracements and extensions effectively: **Fibonacci Retracements:** 1. **Identify the Trend:** Before applying Fibonacci...
It is moving in an ascending channel at time h4. With the breaking of the previous major ceiling, it is placed in a density which, if supported in the green box range, will have the ability to exit the density for the specified target and resistance. Otherwise, it will touch the previous floor. 🟩Sup: 0.2930 ⛳️Tp 1:0.34 ⛳️ Tp2 :0.3540 |...
Current Corn Short Entered originally, and admittedly prematurely, when we saw price touch the 61.8% fib retracement level. Entered a short position last month as price has been steadily falling since June last year. The falling price of corn is being caused by simply an overabundance of supply, and a lack of increased demand. On the supply side, we have...
AUDUSD Short Late/Re-entry Price has come back down to the last swing low/base made before what was essentially a two week bull run. We have broken past this area and come back to retest it. When price came back to retest this key zone, we saw it touch the 61.8% fib retracement level. Non-Commercial traders, as can be seen through COT filings, are a majority...
This post will go over 3 wave degrees for $OANDA:XAUUSD. Primary (4h) Intermediate (1h) Minor (30 mins) Primary Degree: Wave 1 came to an end just below the December 2023 high of 2088, meaning we are likely entering a wave 2 of a 5 wave impulse. This can be seen on the image below where: The diagonal trendline links the high of 2148 till the high of March 1st...
This post will go over 3 wave degrees for $OANDA:XAUUSD. Primary (4h) Intermediate (1h) Minor (30 mins) Primary Degree: Wave 1 came to an end just below the December 2023 high of 2088, meaning we are likely entering a wave 2 of a 5 wave impulse. This can be seen on the image below where: The diagonal trendline links the high of 2148 till...
Anything's possible when you're working with a finite asset in a world where: Inflation is constantly rising and multiple fiat currencies continue to fail. New sources for rare earth elements and precious metals are constantly being discovered. The overall output of society continues to rise. This is a (very) rough estimate based on Elliot Wave Principle...
Overview In the last couple months my attitude towards crypto has gone from swing trading it to just holding it, especially with the much anticipated Bitcoin halving event approaching next month. In the past, strong crypto bull rallies occurred within the months following the halving events which leads me to believe that our favorite cryptocurrencies could be...
Overview My first two publications on this idea were removed and I was banned for a day so let's try this out again: ... I finally gave in and started looking into NASDAQ:NVDA and I'm glad I did. If I was going to comfortably invest in derivatives or shares of the tech company, I needed to perform a full evaluation and determine pragmatic price targets. ...
Let us try to learn today a dual way of determining a top of the current rally through two methods. The first method used here is Fibonacci retracement. 1) Fibonacci Retracement of Nifty to understand important supports and resistances. What we did here was that we took the past significant peak and valley. Through these points we did a Fibonacci retracement...
On ETH, we can see that the price has entered a very strong resistance zone, which could potentially mark the final move of wave 3, and then it would be worth seeing a downward move as waves 4. We have set a possible recovery level around $3,000, but it is likely that the price will return to the zone marked below, which would result in a drop of around 30%,...