BTCUSD weekly chart shows a bullish flag was formed and the price did not close below the 50 EMA .price formed a weekly candle with long wick and managed to close inside the channel and above 50 EMA which indicate that a strong bullish momentum was started followed by the bearish indecision candle due to market fear and greed's and uncertainty but its low was not...
If the price break down the lower channel support then the next OB has a high probability to be a target (OB+VAH+38.2%). If the price brake down the first OB and the POC then the next OB is the target ( OB+VAL+78.6% & 88.6%) . the external fib level can be used as target levels when price break up . Good LUck
This is a two GANN RAY (bullish & bearish) on a weekly chart showing the support and resistance rays for the price Good LUck
BTCUSDT current momentum is bullish but still weak as long as the MFI is still below 50 and pointing downward . STO(21,5,5) crossed up and MACD lines are above the zero level . Once MACD lines cross up and MFI pointing upward above the 50 level the price has a high probability to reach the two upper level. Good LUck
BTCUSDT current momentum is strong bearish and until this momentum shift to bullish will not see an uptrend but we will see pullback up to grab liquidity(there are many liquidity levels on internal structures ) and in this chart i chose the most 3 level with highest probability for the price to pullback to and charge down again . Good LUck
Daily bias is weak bullish using 3 indicators and will be considered strong once MFI cross the 50 level upward 1- MFI is above 20 but still below 50 level and pointing downward 2- STO(21,5,5) is showing strong bullish 3- MACD crossed up from below the 0 level which indicate a pullback/weak bullish trend on lower time frame . The price broke up the strong...
If BTCUSDT price breaks down the red 88.6 % fib level and the lower Channel support then the next high probability target is the strong support zone and the yellow 61.80% fib level Good LUck
Possible wave 4 continuation as a double 3 and the last wave down as 5-3-5 .Purple waves are considered as a path and should not be used for targets . Wave Y should not pass 161.8% of wave W or else invalid and other invalid levels are on chart . This scenario still possible until wave B high is broken . please see my previous charts for other possible scenarios...
MFI shows a bullish divergence and a pullback up is possible but the overall trend is still down LL and LH. Very high probability for the price to pullback up into the VAL line and the strong resistance level before doing down again . Enter short after the pullback up completion and a reversal candle stick while MFI still below 50 level Good LUck
Wave 4 extreme (ABC) reached the typical price target level. We have two confirmation levels marked on chart that needs to be broken up in order to confirm wave 4 completion . the first confirmation is the break up of previous wave 4 high and waiting for the second confirmation to happens at wave B high. in addition , ChandeMo Momentum is currently up and the...
BTCUSDT price is due for a minor pullback up and liquidity grab. MFI is pointing upward and STO(21,5,5,)crossed above the 20 level and an outside bar on Jun 21st @ 20 (UTC +3) is formed and the current candle broke it high ===> momentum is up Overall trend is still down LL & LH and this idea is for the minor pullback up trade and considered a risky trade so use a...
Price is moving in a rang and a break out is imminent . price has a high probably to grab liquidity and continue downtrend . below are the possible long entry during the pullback up but they are counter trend so stoploss are tight to minimize the loss. Long entry # 1 : price retrace down and reject the 61.8 ,once price closes above the 50 level we enter long...
Price needs to go above the POC to mitigate the fair value gap . Three possible short trades with different RR using future liquidity sweeps and fib ratio .To give more confluence and confirm all entries i prefer to see a form of candlestick reversal pattern and/or a candlestick close below the 50EMA The conservative entry is to let price mitigate the FVG and...
BTCUSDT possible 15m scalping opportunity. The Price needs to break down and close below the up trend line and the 50EMA with a long red candle Invalid on chart with a candle close above. Good LUck
EURUSD possible wave 4 in progress as a triple three which should drive the price lower toward the Bullish OB and Fair value Gap (FVG) Invalid on chart . Good LUck
Possible wave 4 of C is in progress and should soon complete. Wave 5 of C is the last leg down and will probably reach the 1.618 Fibonacci level before the market shift up. Good LUck
BTCUSDT possible wave 4 scenario. The blue trendline act as a strong support and was tested only twice . Fibonacci levels for wave 4 are in purple . Inducements (liquidity traps) are marked and act like a magnet most of the times . Invalid on chart . Good LUck
BTC broke down the trendline and made a retest and failed to close above . Range or sideways trading for the past 4 days with low volume and momentum and soon will break depending on which level support/resistance break first and RSI confluence .Usually price retrace back to VAH Long : Breaking strong resistance @ 69649 + RSI above MA and 50. price must close...