Targets optimistically designed in BTCUSD 4H - I believe!!!Technical analysis regarding the price of BITCOIN in relation of dollar for the next scenarios, based on 4h movement.
The price I have been walking effecting its downward corrections. The price found a strong support region at 29K697, touched and is already retracting.
Projecting the Chypher correction, we obtain the level of 1,188 that the price made. In such a way, the price is gaining momentum (high) and may increase the most considerable resistance that we have in 41K939 (the price breaking the EMA of 89 periods will make it more feasible for the price to continue to rise.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
Chypher
HARMONIC LEVELS AROUND STRUCTURESHi there,
Recently just placed my sell limit order arround Chyper Pattern Completion level.
It's nice to see all the important levels (Entry, Stop & Target) of my Chypher was arround important psy. number and market recent support and resistance level.
Hope this one helps you in making your trading decision.
,
Regards,
Fedro
3 SIMPLE WAYS TO SHORT GOLDHi there,
With gold, I was looking for a possibility to be involved in the down trend. Finally the chance come as the price retraces to my expected reversal zone. Later, I found out that there are other levels that can also be a great place to go short.
Here is why I think those levels provide great opportunity.
1. Retracement to Structure
-Price retraces to previous swing low
-Have confluence with 0.382 Fib Retracement
-RSI Overbought
2. Potential CTS Trade
-Have structure looking left
-0.618 Fib Retracement
-Another potential confluence that will increase the CTS Pts
3. Potential Cypher Pattern Completion
-Cypher Pattern completion at 0.786 Retracement of the X-A leg.
So, those are the 3 simple ways guys, hope this one gives you valuable insights in planning your trades.
Feel free to show your interest and give comments to share your ideas guys. Really appreciate it.