Hello friends We have seen the formation of a 5-wave bearish pattern in the EURUSD currency pair, and then we see a 5-wave bullish pattern that resembles microwaves. This microwave, which is made up of 5 small waves, can be wave 1 or A. After this wave, it should correct to the 50% or 61.8% Fibonacci range, which has also been achieved. 50% Fibonacci overlaps with a support, so the probability of the price returning from this range is higher. We call the corrective wave wave 2 or B, and in both cases the price should grow and the price target is 161.8% Fibonacci. The stop loss is below the beginning of wave 1. Good luck and be profitable.
This has been a very screwy time in markets, lol. I was stopped out of my first BTC short after at least some profits were taken. I still think that we are going to face a correction before heading higher, granted that we haven't seen the top of this cycle. If this accelerated trendline breaks and confirms, enter a short position. That is the safest entry for now at least. I would target the big picture trendline, which will probably be close to the .50 fib on this particular break-out structure. So, close to 76K. We may even get a scare-tactic wick down to 68K-70K. That coincides with this structure's .618 pocket. Anyway, that's it for now for me. Thank you!
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
The FSTE100 has pushed upwards after the regression breakout. The other European Indexs have also moved upwards and starting to consolidate at their current prices
The CAC40 has pushed upwards after the regression breakout. The other European Indexs have also moved upwards and starting to consolidate at their current prices
Chart Comparison: XLM vs. XRP On the left side of the chart, we have XLM/USDT, and on the right, we're comparing it with XRP/USDT. Both charts display a very similar structural pattern, with XRP showing a more advanced movement compared to XLM. It appears that XLM is currently lagging behind XRP but is likely to follow suit soon. Given the similarity in price action and market behavior, I anticipate XLM will catch up, and I am expecting a move towards the marked target in the near future. If XLM continues to follow XRP's trajectory, we should see an upward move that aligns with the target zone. Keep an eye on XLM for a potential breakout and move towards the target area marked in the chart.
The DAX40 has pushed upwards after the regression breakout. The other European Indexs have also moved upwards and starting to consolidate at their current prices
This is my CORE holding I am looking for 100k Plan is to add more on every dip and pull back Drop a LIKE and I will alert here!
Good day fellow traders and investors, The short answer for the question in the heading is... Yes, Bitcoin will always surprise the world. Since Novembers move into December, bitcoin for the first time has broken above this fairly substantial resistance trend line that gave bitcoin a very strong rejection back in 202. THIS IS VERY POWERFUL!! Bitcoin from what I see here is showing strong price support above this line that was resistance back in 2021. It has confirmed so far the bottom of the zone as support, I would like to see it catch support on the top of the zone. Doing so, could lead to a massive breakout all the way up to 170k, which could lead to the parabolic top of this market. Any way you cut it, the more it holds above this trendline the more likely it will lead to the biggest breakout in recent years. I personally am very bullish as long as bitcoin stays above this zone. Also, the indicators I have used are the PANPAN XBT RISK METRIC and Oscillator. This is not finical advice and I am not your financial advisor. If you like this chart and my work share this chart with your friends and let me know what you think in the comments. Cheerios, WeAreSat0shi
Bias Intraday: Bullish Swing: Bullish This chart illustrates a potential scenario in which price exhibits a bullish recovery after its current decline. The movement anticipates a possible rebound from a key area, followed by a continuation to the upside. However, this is one of many possible outcomes, and the eventual move is highly dependent on how price delivers at critical areas. Risk of Continuation Lower: If price fails to hold the denoted area or indeed continue higher earlier, it exposes vulnerability to further downside movement. If this scenario manifest intraday trading would shift temporarily to a bearish bias. Significantly more data would be required to consider bearishness on a swing scale.