The price has again descended to the purchase zone 224.1-186.2
The price is below the volume price 242.5 The
price is in the global accumulation zone 267.7-199.2
With a high probability, this is a re-test of the purchase zone and the Local zone.
Follow the news around Binance!!!
This may be against the trend or as my friend says "going against a tsunami" but there's technical evidence to suggest that we may see a drop in Gold for the next couple of months.
On the monthly timeframe we appear to be in wave 3 - which is made out of 5 impulsive subwaves. See below:
Wave 2 and Wave 4 are ABC corrective waves and on the weekly timeframe we...
The price is in the Global Buy zone 0.0732-0.0226
Local purchase zone 0.0457-0.0230
The purchase level is 0.0363
The way out of the triangle is Vague!!! Is it possible to return to the Local ZONE ???
The price of the total volume is 0.0491
Potential for the future-$43
The DOT ecosystem is developing!
The price is still in the Global accumulation zone, as soon as it leaves it beyond the level of 0.703 with consolidation, this will mean the beginning of global growth of the asset!!!
The purchase levels under the "Impulse" strategy were:
Global 0.413
Local 0.410
Buy zone 0.497-0.348, level 0.416
I don't see the strength yet! it is possible to return to the zones:...
5M chart allowed to enter early
Aggressive trend trade 8R
- short impulse
+ resistance level
+ biggest level T1
+ biggest level 2Sp-
+ weak test
+ below first bullish bar closed entry
Calculated affordable stop
1 to take profit (can extend to 1 to 2 of 1H if closes volumed Sp)
1H chart situation
+ long balance
+ resistance level
- expanding ICE level
1D chart...
After careful analysis, it's clear we've entered a bull market for BTC.
The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways:
The trend from 23rd November 2022 presents as a robust bullish impulse.
All impulse waves and corrections looks nice and well-balanced.
The waves within...
Bitcoin is currently trading below a local SFP level and is looking to cool off a little bit over the weekend, possible coming back down to the golden pocket mapped out below (Orange Double Lines). If it does reach that zone, I would expect price to keep climbing in the short term, but anything can happen.
Lets see how this all plays out.
This is a great area...
The asset has again entered the buying zone 3.648-2.625
Touched the purchase level of the local zone 2.910
It is below the global purchase level of 3.624
It is below the volume price of 4.229
My pending order 2.910 was triggered
Stop order 2.09
We can expect a bullish push from the USDCAD this upcoming week to complete the 5th wave. We touched the 38,2 Fibonacci retracement level. Keep in mind that waves 1 and 4 never overlaps that allows us to have invalidation level.
Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure.
It appears as the bottom is in so we can use the lows as invalidation level.
Trade Idea:
- you can either enter now with stops below the lows
- Or wait for a pullback (retracement) and enter with...
FTM price is in the global buy zone 0.27-0.12
The purchase level of 0.19 is below the volume price - 0.2407
The price of the total volume is 0.0174
Test: A new purchase level has appeared on the chart! (green dotted line) 0.1831
The control zone 0.45-0.25 has been worked out
Now the price is in the buy zone 0.08-0.025
Purchase level 0.048 :)
The price of the total volume of 0.048 Corresponds to the accumulation level!!!
Exit from accumulation to the zone 0.11-0.18 ?
0.03732!!!
We're in the wave 4 phase, we can anticipate a wave 5 completion soon. The wave 4 often bounces at 38,2 level but also keep in mind of the 50% level. If wave 4 retrces at 38,2 we can expect wave 1 and 5 to be equal.
We can expect further sells from nas100 as a wave 5. The wave 4 is a triangle correction pattern. Wave 5 is always a motive wave( 5 waves ). Note that the wave 1 and 4 are not overlapping. We often use wave C as invalidation level on a triangle pattern.
