As Usually bitcoin steps up and but for time being in retracement and expected to hit Fib level 0.618 @ prices of 42800-41800 and then will continue its up stepping as per shown
Checking to the monthly timeframe which indicating that price is in fragile situation may lead it to go down as its in the Supply zone( Sell zone) at a between 1760-1800 if if the on going month candle closes on these area prices rejected on 1st September 2011, 1 Feb 2012 sept , and oct 2012 it led to fall up to 1522 and 118 0 zones., as showing previous...
On daily time freme shows price made three touches at resistant line the wqs desennding line as it rejected in the previous day on trendline and it may go for a bit long to respect the D-top as it continue its bearish target. Onotherhand the price show it has finished all retracement Fib levels as it currently at 0.618 level which may require to try to break as...
On daily time freme shows price made three touches at resistant line the wqs desennding line as it rejected in the previous day on trendline and it may go for a bit long to respect the D-top as it continue its bearish target. Onotherhand the price show it has finished all retracement Fib levels as it currently at 0.618 level which may require to try to break as...
It has made its triple touch at resistance level for both Day and 4H timefremes.
the price is expected to go for long since its made a W shaped but a right left process yet to complete as it is now a new support area which market moved from it several times to up direction the price yet insists to continue bullish since it does not formed any reversal pattern that can lead us to go an opposite direction # please comment or suggest your...
the price is expected to go for long since its made a W shaped but a right left process yet to complete as it is now a new support area which market moved from it several times to up direction the price yet insists to continue bullish since it does not formed any reversal pattern that can lead us to go an opposite direction # please comment or suggest your...
This illustration is for general understanding that may show you previous 15 years how situation of yellow metal was and what can we expect this the upcoming years, please feel free to suggest and show us your views on this
The price made a head and shoulder shape on lower time freme 1h and 30 min which may cause to retrace back to 1759 or 1755 which a key area was waiting this retracement to continue its flying trip.
Price has already started to reverse back into bearish after making a double top pattern at fib level 0.61 on 4h Timefreme which may expect to retest on Fib level 0.50.
This is an illustration of long time trades that price will continue its selling or going into down direction to make the thirdbtouch of paralel trendlines or its is needed to finish the retracement levels of Fibunacci level 0.618 which is the strong demand zone where more buyers are waiting. Please comment for your observations
I AM in ASCENDING ( LONG) BUYING @ 1765 TARGETTING 1800
the price forces me to take buy order at entry at or nrearly 1760 with the 1st target 1812 through second TP
The price in downtrend but requested to retest the broken out zones at monthly ,daily, weekly
Price was in retest for the broken weekly zone and fib level 38 which is now ready to fall as it to visit FIB LEVEL 50 AND 61