The situation that we currently have in the monthly chart is a price over extended. When the price is over extended what we can expect next is a retracement. As well we have an over extended W formation , for the completion of the W pattern we can expect a retracement to the previous leg of the W formation. To measure the retracement use the fibonacci tool. if we...
The situation in this currency pair look pretty clear. In monthly: The price is currently moving sideways within a range. The price is currently in supply area where we can expect a rejection to the downside. Weekly The price has made an explosive move to the upside creating a price imbalance. We could expect a correction to balance the price. Daily The...
Monthly The price is moving between supply and demand. The price is currently on the way to the supply area. We can definitely expect the price to reject the supply area. Weekly Price is currently over extended. When price is over extended we can expect a correction. We could definitely expect the price to reach a little higher before the correction to the down...
I will be doing a full breakdown from monthly to daily. Also I will be including Fundamentals that will help us out with the direction as well. Monthly: The price is currently rejecting a demand zone which is good because it can be a sign of a rejection to the up-side like it happened in the past. Weekly: The price is clearly over extended. When price is over...
We can easily expect the creation of a higher high Monthly: We have an impulse and correction respecting precious resistance now turn support. When we have an impulse and correction we can definitely expect another impulse. Weekly: In weekly we have an impulse correction pattern. Also price is respecting .50 fibonacci level. We could expect a creation of a...
The price looks like it could easily make a retracement according to the Monthly chart of at least 150 pips In Monthly: The price is currently in demand zone. We could see a rejection of this demand. If we want to measure the possible retracement all we have to do is take the fibonacci from high to low of the current impulse. Doing so we can clearly see that the...
I did this same exact analysis a while ago but it got banned In monthly time frame We can see that BTC is currently in retracement phase as we expected. There are high probabilities that BTC after is done with this movement will create a new higher high. Fundamentals: If we look at the commitment of traders we can see that institutions this week closed 729...
As you can see, the price is approaching a supply zona. Also price is extended with we can definitely see a rejection at any moment when price reach supply.
The btc price is currently making a correction. The corrections have to happen in financial markets. We can expect that the price create a historical higher high soon. In daily time frame you can see that there is a inverted head and shoulders that give us information about a possible reversal. Our take profits are base on monthly time frames.
The price structure in this pair from monthly time frame to daily time frame is bullish . Remember in this analysis I will not include entries. I will share a zone where price most likely will start the movement to the desire direction. In Monthly The price was over extended. When price is over extended we can expect a correction which already happened. If...
Bullish Structure from monthly all the way down to daily time frame Situation in Monthly time frame We have an impulse and correction in monthly time frame. If you take the fibonacci from low to high we have a price action approaching the .618 fibonacci level. As we know the most tested level in fibonacci is the .618. We can definitely expect the price to...
The price in general is extremely bullish I will be discussing the different situations of the price starting in the monthly time frame all the way down to daily Monthly The price is in the process of creating a new higher high. The price base in the monthly can easily reach the 75000. If you take the fibonacci from the low of the correction to the hight. You...
THE PRICE IS VERY BULLISH FROM MONTHLY TO DAILY In monthly time frame the price is creating higher highs and higher lows. In weekly the price is over extended. If the price is over extended we can expect a correction. Also if we take fibonacci from high to low we can see that the .5 level is in confluence with structure. We can definitely expect the price to...
The price is healthy in monthly time frame. We were expecting this correction because the price was over extended. We can definitely expect the price to make a higher high and reach at least 3.4424.
Analysis from Monthly all the way down to daily Monthly The price is very bullish. The price was over extended and made a retracement to the .618 fibonacci level. We were expecting the move because the 618 fib level is the most tested level in the market. Weekly The situation in the weekly time frame is the same situation that we have in M. Daily The price...
In daily time frame we have a bullish price action. The price broke above previous high and it is currently making a correction. If we take the Fibonacci from low to high we can see that the price is currently respecting the .618 fibonacci level. The .786 fibonacci level is in confluence with structure. We can expect a correction to the .786 before the...
We can expect the price to come down Because we have an over extended W formation. If we take the fibonacci on the impulse we have a confluence of structure on the previous leg of extended W formation. We could expect a .5 fibonacci retracement . If you want to take an entry make sure you follow the rules of your strategy. For a better entry use lower time frames
This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction. Confluences: 1.Price is currently testing a historical zone Every time price action get to this zone makes a rejection. 2.Also we have a M pattern After a M pattern we can expect a...