🔍Today, we're focusing on Bitcoin, which has formed a range box in the 4-hour timeframe between 63054 and 73305. Following the uptrend from 40k, this consolidation phase is a logical pause, potentially leading to a correction in the weekly timeframe, especially considering the imminent Halving event, which may precede a bullish rally.
⚡️In range-bound markets,...
Hi all..
This is my forecast for xauusd;
I see resistance at 1973.160 after many rejections on that level.
On the high low structure, I believe we have a double top pattern.
so I'm shorting gold for a 50% retracement as long as the price doesn't close over the 1987.530 level.
Let me know what you think In the comments!
My trading strategy is not intended to...
Fibonacci retracements are one of the four types of Fibonacci studies used for predicting levels of support and resistance. Fibonacci retracements are used immediately after a strong price movement either up or down. An imaginary vertical line is drawn across the chart between two extreme price values, one high and one low.
