Channel drawn on most recent trend and as can be seen well respected with previous trend. 0.382 respected from, fib retracement pulled from bottom of impulse move to recent high. 0.382 until broken is a bullish signal. If lost would expect heavy selling. Bullflag and support/resistance levels.
DXY touching a Monthly resistance in a Rising Wedge. Bitters Weekly support in a Pennant. Bitters also in a Falling Wedge. Bias bitters (BTCUSDT) to the upside. BTC Weekly also local CC 0.618. DXY close above Weekly 104.650 will be a Game Changer. Possibly, probably push BTC down a notch. Will be looking at the pwLow approx. 23,415 .. Monthly 23, 300.
Forecast should the price breakout. Top of the range back to the CC using Trend Based Fib Extension gives a target of 25,700 and daily.
Ascending triangle with monthly, weekly, daily, nPoc support levels. Pattern should play out within this week ending Feb 24, 2023. The ascending triangle is a bullish continuation pattern which signifies the continuation of an uptrend. Ascending triangles can be drawn onto charts by placing a horizontal line along the swing highs – the resistance – and then...
Inspired technical s from a followee. Risky asset, assets have to start somewhere. 24 hour volume 23.22M (low - by that prefer something over 700M). Market cap (low - 33M). Trade with caution. Make sure that you learn from anything you do. Next time Crush It! Timely support on Monthlies seem difficult to find and draw. Because of this, concluding choppy and...
Chart pattern land mine on DXY. Play the levels, standing firm on my previous analysis. Posted as link below. Playing the levels and patterns as always, not attempting to predict the future. 97.5 bottom Range to 105 top of the range.
Bias 0.75 Fib Fan is a support and a resistance. All the lines in Grey, are interesting but the lines in color (colour) have significance to current time frames and price action. Fib fan drawn from past Monday 8 Feb 2016 to 18 Feb 2020. Low 1802.50 to high 3397.5 18 Feb. 0.75 Speed Fan seems to have been a support. Update to come. Confluence with Fib Fan drawn...
BTC 4hr chart UTC+1 Fib channel from low Friday 06 Jan 13:00 to We 11 Jan 17:00 to high Sat 14 jan 01:00 On balance volume increasing with trend.
4hr chart. UTC+1 Using Fractiles to get lows and highs. Fib fan drawn from low Wed 18 Jan 17:00 to high Thurs 16 Jan 17:00. Levels seem to have confluence with price action. Support lines building up to initial Pennant. - Draw a trend line from low Sat 11 Feb 17:00 to low 17 Feb 01:00 and change setting to Extend the right line. - Draw a trend line from high...
2Hour Chart - UTC+1 My best effort attempting to draw a trading range that the price if currently retesting to enter back into the range. Will create a separate chart idea for a possible trading range should we continue to the upside. Trading range: Bottom 21,500 Top 24,300 and Middle 22,900. At the time of writing, possible retest of the top of the range....
2Hour Chart - UTC+1 My best effort attempting to draw a trading range that if the price breaks what I think is the top of the previous range, will form a new range. Trading range: Bottom 24,300 Top 28,400 and Middle 25,700. At the time of writing, possible retest of the top of previous range. Having hit the weekly at 24,295 could possibly be a signal that we...
Who see the falling wedge? Nice one if you caught it. Classics! Classics exist not because the pattern. The pattern forms not because of you think. They form because they are what they are! It a beautiful thing. :) The beautiful thing about it is, no one can control it.
A falling wedge occurs between two downwardly sloping levels. In this case the line of resistance is steeper than the support. A falling wedge is usually indicative that an asset’s price will rise and break through the level of resistance, as shown in the example below. www.ig.com
Daily levels - 1. Levels ping pong. Daily open to previous day close etc. Look closely at these levels! Dotted lines are High wicks - ends. Weekly is yellow 25,030. 23,775 deadly buy signal. 2 weeklies. Dotted yellow.
Its a beautiful thing. Need to draw fibs on a month time frame or a week at least. Most beautiful Gartley Harmonic ever. <3 It is what it is. Materialism means nothing. It's just a simple game of snakes and ladders. :) Mum :D
Redrawn initial Gartley Harmonic (Believe completed) however, a larger Bullish Gartley Harmonic possibly in play. The fib levels mostly technically line up but for B to C where the price move seems to be in excess at 0.943. Fib B to C - Target D = 1.272 a reasonable target, should the price move or exceed 1.618 then likely be invalidated. Courtesy of Investopedia...
Possible Bullish Gartley Harmonic compared to monthly chart on right. Fib 0.382 and 0.618 mid point nicely aligned. Monthly time frame, not a one-to-one with left chart. Levels are roughly aligned with Harmonic pattern. Non technical. Time frame support/resistance levels not included. Time based Fib drawn from XABCD - point A to B to B. You have to draw 3 points....
Bullish bias to the upside based on Fibs. 1st Impulse Fib retracement from Impulse low to high gave a breakout from 0.382. With a Fib extension 1:1 upside target of 24.1K. 2nd and current impulse Fib retracement from Impulse low to high giving a current possible breakout from 0.382. With a Fib extension 1:1 upside target of 28K. Also worth noting is swing low...