The altcoins just positively tested the long term trend line, is now again trading above the golden 0.618 FIB ratio and if prices stay at current level then we are now trading above the 21W MA again which indicates bullish momentum short term. The bottom for the altcoins may just have kicked in this week.
Monthly: Huge rejection of 112 level with two spinning tops and a huge bearish engulfing candlestick Weekly: Break & retest of 108.5 zone with a nice shooting star rejection candlestick Daily: Bulls failed to take controll of the market by breaking the ascending trendline. Bearn are now on controll 4Hour: We have a descending channel. Price retraced to our minor...
Reversal may be in store for BAT if 0.618 and daily 200 MA is confirmed as support during the coming week
If ADA closes on the 0.618 FIB level, it could form a new support. If the support is confirmed by a second successful test, then we could start the rise to set a new high.
From looking at bitcoin’s previous cycles and using the golden ratio multiplier of the 350 DMA, I believe we won’t reach $20k for at least another 6-8 months. We need to be more realistic when it comes to timing all time high’s in price. The golden ratio doesn’t lie and this method I am showing has worked for the past decade perfectly for calling market cycle...
Chart showing energy based off golden ratio of squared yearly price action. Not trading advice
Nice head and shoulder reversal pattern Price over accelerated needs to retrace and make a new lower high Choppy market structure at 1.27 support level
Waiting for price to reach the 61.8 fib to enter LONG 61.8 fib is at a major monthly key level
Hello Traders! Litecoin continues to, of course, follow the bullish trail blazed by King Bitcoin. In our last analysis, we looked for two targets - $114 and $135. Our first target, has been hit :) Now, after the first smaller impulse wave on the 4h, we had a nice pretty 62% retracement. Most frequently, the 127% extension is the safest target for any retracement...
It seems we have found some support in this area so it's a good time for Long orders. Always use Stop Loss.
PENNANT, 61.8 FIB RETRACEMENT, MULTIPLE TRENDLINE REJECTIONS
according to my analysis xlm/btc will go down because it is at retest of counter trendline break , it is at golden ration or 61.8 level of fibbonacci , it at resistance of 200 ma . just wait for a bearish candle and out from your running buy trade r take a short trade . please like this post and share with your friends . FOLLOW ME FOR FUTURE ANALYSIS ON OTHER...
when price will come on 61.8 ratio of Fibonacci and support and price is already at 150 moving average just wait for good candlestick reversal pattern for a buy trade on bnbbtc and go for it ;) please like this post and share with your friends . FOLLOW ME FOR FUTURE ANALYSIS ON OTHER PAIRS :) disclaimer : I could be wrong please take trade at your own risk .
according to wave analysis , Fibonacci and parabolic move I am predicting btcusdt for a short till 4200 . must se rejection on d1 to short btc/usdt please like this post and share with your friends . FOLLOW ME FOR FUTURE ANALYSIS ON OTHER PAIRS :) disclaimer : I could be wrong please take trade at your own risk .