Looking at the Trend-Base Fib Extension we can see that BTC found some support from its 0.5 Fib Level at $30,329. If this support level fails then the next Fib Levels are 0.618 at $26,100 and 0.786 at $20,077. Looking at the Bollinger Bands, we can see that BTC is still way below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 week timeframe. Note...
A quick BTC/USD update: At the moment, BTC is testing its crucial Descending Resistance Line of its Triangle Pattern as well as testing its crucial Resistance Area. Note that BTC has found resistance from this Descending Resistance Line 3 times previous and you can clearly see the interactions of the previous Daily Candles with this Resistance/Support area. Note...
The Trend-Based Fib Extension level 0.236 at $42,492.75 is the level BTC needs to close above and successfully re-test as support for continued upwards momentum on this 1 day timeframe. This level is also where its descending trend-line is located exactly on the 0.236 level. At the moment, BTC is also back above its Least Squares Moving Average, its Bollinger...
BNC:BLX BTC moves in accord with Fibonacci Levels more so than most assets. I will use 2 different Fib tools, and 4 ways of drawing, 3 of which are the classical "Fibonacci Retracement", the other one is "Trend Based Fibonacci Extension". Before beginning it is important to notice that; The dashed line Fib, is " extension " drawn from high to low, 1.272,...
I have added a Schiff Pitchfork Pattern (A,B,C) to this 1d timeframe. As you can clearly see, BTC tested the Schiff Pitchfork Median Line 7x as support and then that support failed on the 8th time and BTC has closed well below its Schiff Pitchfork Median Line. At the moment, BTC has found some support from its support area highlighted with White Dotted Lines...
BTC is still below The Median Line of its Longterm Upwards Pitchfork Pattern on this 1d timeframe. Note that BTC has not closed a daily candle below the Lower Yellow Pitchfork Support Line since the 7th Nov 2020. Note that BTC has previously found support from this Lower Yellow Pitchfork Support Line on the 20th and 21st of July 2021. BTC is still below its...
VTHO is still in a massive Symmetrical Triangle on this 1d timeframe and is fast approaching the APEX. VTHO has found some resistance from its 0.236 Trend-Based Fib Extension level. A close above this level and successful retest as support will be a very good sign, VTHO is in a Bollinger Bands Squeeze on this 1d timeframe. A big move normally proceeds after a BB...
Chart looks a bit noisy, but I'm testing out the Trend-Based FIB Time Indicator, hoping the retrace will bounce at its 1.0 marker. Further confluence of this present, as this point is also where the 50EMA, top blue CPR and a longish-term green trend line all meet. Channel break DOWN measured move meets the 100EMA and red CPR line. If there's further...
Trend-based Fibonacci projection confluence in the $2.1K area reveals a probable bounce target, which is also last support in this corrective channel before price reaches crash bottoms. If price did bounce in this area the same retracement as this bounce to 0.5 retracement, then price would return to $$2270 area and tag resistance. Hopefully will be open road...
BTC death-cross looks like it will happen somewhere between the two trend-based fib time projections. Trends do not magically implode at the sight of a death cross and often price is on a bounce as they do, but it is interesting that the DC is lining up with the time fibs. I am looking to fib time to provide a more accurate projection because they are a fractional...
To revise previous Trend-Based Fibonacci TIme - Bitcoin is coiling and has completed an E wave of the contracting triangle. It could fall out to the downside however it looks probable that price will drift sideways to somewhere near the 1.618 fib-time around the 11th June. From there I think we are about to witness the biggest crash ever in Bitcoin's history.
ASX:HLA Healthia Limited Forming Ascending Triangle and looking for a "4th touch break" @1.93 on the Daily. If price can clear previous resistance around the @2.00 mark then I would expect continuation towards the Trend Based Fib Extension level 1.618 If price fails Resistance and fails Uptrend Trendline, then im looking for a retracement towards strong Support...
BTC Daily Chart update on a neater chart than the last BTC chart i did. First and foremost, we need to wait and see where this daily candle closes. BTC is back above its Leading Span A (Senkou Span A) resistance and is now in the Bullish Zone of the Ichimoku Cloud. BTC needs to close THIS daily candle in this zone. BTC is back above its Ichimoku Cloud Base Line...
Lithium Australia NL (ASX:LIT) Is a Perth WA based company that aims to supply ethically and sustainably sourced materials to the battery industry worldwide. LIT has developed disruptive extraction technologies – including its proprietary SiLeach® process – and secured positions in lithium provinces around the globe, including Western Australia and Europe. 2...
Imugene (ASX:IMU) is a clinical stage immuno-oncology company developing a range of new treatments that seek to activate the immune system of cancer patients to identify and eradicate tumors. 3 Scenarios identified Bullish: - MACD still Bullish - Volume increasing - RSI still trending Bullish although currently Overbought - Bullish bounce off .382 Fib...
Todd River Resources (ASX:TRT) is an Australian-based resources company that holds base and precious metal projects covering over 7,500 sq. km. of highly prospective geology in Western Australia and the Northern Territory. 2 potential scenarios. Bullish: - Short term Double Bottom - Testing short term downtrend resistance - MACD turning Bullish, anticipated...
Duke Exploartion Limited (ASX:DEX) is an exploration company focusing on Copper, Gold and Silver discoveries in Queensland and New South Wales AUS. Duke's 100% owned flagship project is the Bundarra tenement EPM 26499. A fully funded exploration work program aims to drill out a maiden resource by mid-2021 at the Mt Flora prospect within the larger Bundarra...
Cardano ADA UPDATE: I decided to do a little something different tonight and show some potential price targets with Trend Based Fibonacci Extension Levels. First and foremost, ADA is still in a longterm uptrend. If we look at the daily chart, you can see that ADA is still above its Bollinger Bands Middle Band Basis. ADA is also still consolidating in a very...