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$BTC Long 1D TF Sup/Res Fib. ExtUpdate from my last published idea. My target of ~$26,000 hit and I exited half of my long there. As this is new ATH territory for $BTC there is no chart history to find the next resistance. That being said, I'm utilizing the Fibonacci extension from my 1W chart on a previously published idea and psychological resistance levels for my next targets. $30,000 is the obvious resistance. If there is a back test of $26,000 and a failed attempt at support I will exit the rest of my position. Otherwise, I will hold until $30,000 is hit and reevaluate.
BITFINEX:BTCUSDLong
by Sethonomics
1
$BTC Long 1D TF Sup/Res Fib. ExtOpened a long trade on $BTC at a price of ~$17,950 after some consolidation and a technical bounce at ~$17,800, the 0.786 Fibonacci retracement from my previous charts (titled Bitcoin Long 1W TF Sup/Res Fib. Ext.). After opening the trade, I had an exit strategy if $BTC rejected resistance at ~$20,000 again. This time, we broke through the res. Zooming out to a 1W timeframe, we find the next resistance to be the golden ratio Fibonacci extension (1.618) at ~$26,000.
BITFINEX:BTCUSDLong
by Sethonomics
Apple towards All-Time Highs / Multi-Timeframe AnalysisGood morning traders! Today we want to share with you our vision on this asset. Honestly, during the last few months there were stocks much more attractive than Apple, with a marked short-term trends that have given greater profitability, but we consider that we can see a strong movement in the short term. We will divide this post into two visions, a more imminent and a longer term one. 🔸In the first scenario, we see the image of lower temporality. 🔸What can be seen is that since September the price moved in a range without a trend or clear direction. 🔸Just during the last few weeks we saw a directional movement to the upside, which generated that the price at this moment is near the intermediate resistance at $ 125 approximately. 🔸Once the price faces this zone, of course there will be a reaction because it is a level where there will be a certain supply, but, in case that the zone is penetrated, there is a free path towards the Resistance Zone at historical highs. Now, what happens once we get to that level? 🔸To answer this question we need to move to a larger time frame to see the big picture. 🔸Being a stock with a very pronounced uptrend, every time the price generates consolidations, it tends to resolve to the upside after breaking it. 🔸In this case, we can count 5 corrective waves within the current pattern, which gives us an ABCDE. 🔸Given this, we can conclude that the current consolidation is complete, so the next move is a bullish impulse. 🔸Being in historical highs, we do not have a resistance to project the movement, so what we do is draw a fibonacci extension based on the previous bullish move. 🔸This gives us a result towards the first target, of approximately a 30% upward movement.
NASDAQ:AAPLLong
by ThinkingAntsOk