?#BTC Complex Consolidation Phase? ?It's the weekend again. It's easy to go out of complex consolidation when the market volume decreases. The overall market sentiment is still on the pessimistic side. We fell back after reaching the resistance zone. ➡️From the perspective of the market cycle, the previous downward trend is likely to end, because the downward trend line has been broken. The end of the downward trend does not mean that there will be no decline. It may also evolve into a larger downward trend. If we want to reverse this downward trend, then we need to build a long structure in the support zone. This is an expectation and requires enough patience. ➡️Since the support zone is below, we may also go out of the horizontal complex consolidation. If this scenario occurs, then we can enter the long trade after the price is squeezed to the limit. Let's see? ?If you like my analysis, please like? and share? BITGET:BTCUSDT.P
ANTICIPATING more bearish pressure from ETH, we're in an impulse pattern 1-2-3-4-5 currently in a wave 5 completion. Note* wave 5 is always a motive wave a five wave sequence.
Sui has begun to "ladder" on both sides, resulting in a contracting consolidation. The trade indicated should safety make it to the first indicated target! Target should be based on your risk tolerance.
The AUD/USD currency pair represents the exchange rate between the Australian Dollar (AUD) and the US Dollar (USD). As one of the most traded currency pairs globally, it is closely watched by traders, economists, and investors alike. The USD has been relatively strong in recent months, driven by the Federal Reserve's hawkish stance on interest rates and global economic conditions. This has placed downward pressure on the AUD/USD pair, but any shifts in US monetary policy could cause sudden reversals. The AUD/USD pair is highly sensitive to a variety of economic, geopolitical, and market factors. For traders, keeping an eye on global economic trends, commodity prices, and central bank decisions is key to navigating this dynamic currency pair. SELL SELL SELL SELL!
Bullish Shark, XABCD Pattern and ABCD Pattern tools, using reciprocal fibonacci extensions
This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! ???
Hello traders ! I have shared this recap together with trading lesson! I hope by watching this, you are going to get useful tips that will help you for the next week. See you in Next week!
buy area (5.2-3.8) tp1 (11.648)-(123%) tp2 (13.59)-(160%) tp3 (17)-(227%) lets goOo.
I use 4 hour timeframe in analyzing BTC. The price action tells it was moving upward because of the break of structure. I dig down to 15 minute to make my entry
My gameplan going into the new year is to watch for the formation of the topping process into that rising wedge for the 20% correction back down into the monthly uptrend. https://www.tradingview.com/x/3aIIVe9G/ After December 23' broke out and the whole of 2024, it will pullback to the 50% area of 37,000. This lines up nicely with the Long term Monthly trend and the November 2023 monthly candle. https://www.tradingview.com/x/7Id1YwqQ/ The ramped volume is ripe for a stop hunt through because it is suspended above actual support. The next higher low in the Dow's trend is back down in the 37,000 area after the entire 2024 year gets taken out. https://www.tradingview.com/x/EzkaxSyd/