In the daily chart of Bitcoin this bearish pennant was formed in which the price has reached the high part in case it were to break it it could reach $102,500 otherwise it could reach the box below.
SOL is a must buy dont you think? LOL just need psotive trend conditions to go 2x long with significant capital
Levels to watch on es nq and rty and whats ahead. Key levels of support and resistance explained
$ANDY Andy (MARKET CAP $67.80M) entry PT 0.00004-ish Next Target PT 0.00038 and higher Returns 9.5X Andy. Pepe's best friend.
#GOLD.. perfect move as per our analysis and now we have important supporting region from 2932 to 2935-36 Keep close that region because that is our tomorrow most important supporting region. If market holds that in that case we can see a bounce towards ARH again otherwise keep in mind that below that we will go for CUT N REVERSE on confirmation .. Good luck Trade wisely
LEGENDARY CAPITAL ROTATION EVENT WARNING !!! Don't just believe me, just observe this historical gold versus stock market chart. IT IS GETTING REALLY CLOSE... DO NOT BE ON THE WRONG SIDE OF THIS WHEN IT HAPPENS. You have been warned, again!
The TVC:DXY is in a spiralling downtrend which will cause CRYPTOCAP:BTC to pass its current ATH eventually topping again which will correlate with the TVC:DXY finding strong support between 103.6 and 104. The TVC:DXY will probably set a local range before eventually continuing on a bullish trajectory back toward 110+ ( *this will mark the end of the first half of the bull market * from Now - May) Some event in May will cause the TVC:DXY rebound to 110+ during which time we will see a major market crash lasting from (May to July). However: From 110+ i suspect the TVC:DXY will see another major correction downward which will mark the final phase of the bullrun begining about June/July until only God knows when, but historical indicators point to around October/Nov for the top. Unless CRYPTOCAP:BTC completely crashes on one of its famous bloody corrections and go to ZERO then, it MUST go above $200,000 This cycle. Remember CRYPTOCAP:BTC floats all boats , so just imagine what price CRYPTOCAP:XRP and the broader digital currency market will be... gimmi your best guess!
Daily trend is down based on structure and market flow is also down .
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 4.8/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a BTC/USD Buy. Enjoy the day all. Cheers. Jim