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BTC Analyze (Play with Pitchfork's Lines + Fib Circle)Hi, I am coming with a similar chart ( Post Topic: 🥊 All ways for Bitcoin 🥊 /Link of this post had a problem👐) but I changed some items. Bitcoin Analyze (BTCUSDT) Timeframe 4h ⏰ (sorry for the busy chart, but my chart needed these lines). Live: BTC was able to increase 📈 until 41330$ , and then it started to decrease 📉 until our Necking line == We saw Pullback or Fake Break ❗️❓ Location : Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5 ). If you followed my posts, we found End of microwave 4 of main wave C ( 40840$ on Descending Triangle ). after that we had to find the end of microwave 5 of main wave C ( End of our correction ). If the price goes UP over 42400$ , I can say that the end of microwave 5 is 33179$ ( Point D on our chart), also we are on 5 new impulsive waves. Otherwise, microwave 5 will be the complex type (WXY_WXYXZ). Patterns : Bitcoin was able to make Descending Triangle , but this pattern failed by a Reverse Head and Shoulder (Pay attention to Point E ). At our Triangle, I found a Reverse Head and Shoulder Pattern + Bullish Flag pattern ( Inside of our triangle ) + Hammer 🔨 Pattern at TRZ (Time reversal Zone) Until NOW , we have to wait and see how will it close?. Also, if you are watching My Pitchfork's Lines & Fib circles , you will know that these tools are working well on my chart. I tried to find the next movements by my Pitchfork's Lines & Fib circles & Resistance Zones+ Support Zone. As I said at this post: I do not expect that BTC will start 5 new impulsive waves soon. Good 👍 news and Bad 👎 news are near. In addition, I tried to show you our Resistance Zones & Suppor Zones that we have in front of Bitcoin . Resistance zones & Suppor Zones on Bitcoin's way (Respectively): Resistance zone : 39450$ until 39506$ ( Resistance + Cluster of Fibs )/== Light Resistance Resistance zone : 41340$ until 40800$ ( Resistance + Cluster of Fibs ) == Medium Resistance Resistance zone : 42250$ until 4225$ ( Monthly Pivot Point + Cluster of Fibs + Fib circle )/ I don't think that Price can break this zone just with one test .== Heavy Resistance Resistance zone : 44280$ until 44071$ ( Bullish Flag Pattern's Target + Cluster of Fibs ) == Medium Resistance Resistance zone : 46186$ until 45320$ ( Resistance + Cluster of Fibs + Yearly Resistance 2 + Reverse Head and Shoulder's Target ) == Heavy Resistance Support zone : 37596$ until 37267$ ( Yearly Support 1+ Cluster of Fibs + Necking line ) == Heavy Support Support zone : 35288$ until 34820$ ( Support + Cluster of Fibs ) == Light Support Support zone : 31620$ until 30960$ ( Support + Cluster of Fibs ) == Heavy Support My Suggestion: If you find Triggers for buying bitcoi n, please DO NOT buy your fund just in one step , enter in your trade with 2 or 3 steps // if you want to find Triggers for Long positions, you can concentrate on TRZ and Support zones ( for example over my Hammer pattern ) // Also, you can watch my Hypothetical ways , I will try to update. Again sorry for the busy chart, if you have questions, please write them below this post. (If you like my explanation, please like✅ my post. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
by pejman_zwin
3
🥊 All ways for Bitcoin 🥊Hi, thanks for spending your time on my posts 🙏. Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ (sorry for the busy chart, but my chart needed these lines). We saw a great pump for about 1 day and 8 hours 😱 (One of the reasons was for Elon Musk's Group (Tesla) ). Ascent slop was 70 degrees (normal degree is 45 ), so I expected that the uptrend will not continue like before (it's like ❄️ snowing ❄️, when we are watching heavy snowing, most of the time snowing will stop soon). Location : Bitcoin's Correction has started around 64200$ (The Corrective structure is Zig Zag 5-3-5 ). If you followed my posts, we found End of microwave 4 of main wave C ( 40840$ on Descending Triangle ). after that we had to find the end of microwave 5 of main wave C ( End of our correction ). If the price goes UP over 42400$ , I can say that the end of microwave 5 is 33179$ ( Point D on our chart), also we are on 5 new impulsive waves. Otherwise, microwave 5 will be the complex type (WXY_WXYXZ). Patterns : Bitcoin was able to make Descending Triangle , but this pattern failed yesterday by that pump (Pay attention to Point E ). At our triangle, I found a Reverse Head and Shoulder Pattern that the upper line of our triangle was the necking line of this pattern + Bullish Flag pattern (Inside of our triangle). In addition, I tried to show you our Resistance Zones that we have in front of Bitcoin . Resistance zones on Bitcoin's way (Respectively): Resistance zone : 41340$ until 40800$ ( Resistance + Cluster of Fibs )/ The price is behind it right now == Medium Resistance Resistance zone : 42250$ until 4225$ ( Monthly Pivot Point + Bearish AB=CD Harmonic Pattern + Cluster of Fibs + Pitchfork's line + Fib circle )/ I don't think that Price can break this zone just with one test.== Heavy Resistance , pay attention to green Rectangle. Resistance zone : 44280$ until 44071$ ( Bullish Flag Pattern's Target + Cluster of Fibs + point D of Bearish Deep Crab🦞 ) == Medium Resistance Resistance zone : 46186$ until 45320$ ( Resistance + Cluster of Fibs + Yearly Resistance 2 + Reverse Head and Shoulder's Target )/ == Heavy Resistance My Suggestion : First Altseason has ended ( i am talking about now), so better, we try on Bitcoin For buying or open Long positions/ If you find triggers for buying bitcoin, please do not buy your fund just in one step , enter in your trade with 2 or 3 steps // if you want to find triggers for Short positions, you can concentrate on TRZ and Resistance zones , especially on a green Rectangle .// Also, you can watch my Hypothetical ways , I will try to update. Again sorry for the busy chart, if you have questions, please write them below this post. (If you like my explanation, please like ✅ my post. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe. Good luck
by pejman_zwin
2
Fibonacci Circles GuideA guide for Fib circles 1 - Draw the trendline 2 - look for areas of confluence around the circle at levels for example 0.618, 1.618, 2.618, 3.618 ... 3 - Make an assessment This is the 4Hour chart for Ethereum and isn't as reliable as using a higher timeframe, say drawing the trendlines through the entire bear market on the weekly for Ethereum would be more effective. Regardless it still serves its purpose. This is little data for the current bull run. This trendline drawing can be applied to any (weekly preferable) chart and assessments can be made based on the position of the price, above or below a key Fib level E.g (0.618) Hope this helps aspiring chartists
COINBASE:ETHUSDEducation
by Bixley
2
BTC Analyze Time Frame 4H/ Symmetrical Triangle 👀Unfortunately, my last three posts have deleted, because I did not comply with the '' house rules ''. About BTCUSDT Chart, I can say some info; First, we are at Symmetrical Triangle (trusty == more than 45 _60 candles are on our Triangle) + We have Hidden Divergence ( HD- ) between MACD and Price , until now + Evening Star (Bearish candlestick Pattern)+ TRZ + End of microwave 5 (price was at the golden number of Fibonacci), So we have to wait for Correction waves + Price was near upper line of our Pitchfork + Resistance Zone (cluster) + Fib circles (If you look at the circle lines and you will know that these lines have worked well in the past) + ADX=15.58 (Over 20 or 25 initial trends will start ) ===== RESULT ==== BTC Will go Down again until Take profit zone 1 or 2 . My Suggestion : we had enough reasons for open Short positions (The above reasons). Take profit 1: 36620$ - 36460$ (Weekly Pivot point + 61.68% Fib + support zone). Take profit 2: 35430$ - 35120$ (Cluster of Fibonacci) === on this zone, BTC will decide to go DOWN or UP. Do not forget to put Stop loss for your positions (For every position you want to open) Please follow your strategy , this is just my idea, and I will be glad to see your ideas on this post. Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe. Good luck
Short
by pejman_zwin
6
BTCUSDT Perp Time frame 1h!!!still, the market is on shock , I do not know that are you agree with me or not ??, but I know that technical analysis can help us on every moment. we are talking on timeframe h1 (Short term), price is on range channel 51172$ - 56454$ (price is near lower bond), also we have Divergence Between Price and MACD ( RD+ ) + RSI is running on Symmetrical Triangle (RSI is near the lower line of our triangle)+ TRZ (Time Reversal Zone) is too Close (Pay attention to green Rectangles ). My Suggestion : we have to find the best Triggers near the green Rectangles. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas on this post. Please do not forget 'like' button :) & Share it with your friends, Thanks and Trade safe. Good luck
Long
by pejman_zwin
12
COIN : LOSTCOIN seems to have lost its way this week. After last weeks mostly horizontal movement which could have eventually lead to some modest ascension, this week has proven that COIN is still struggling to find reliable horizontal support, starting off at around $300, only to drop to $275, followed by $250. Any significant upward price action has been met with heavy resistance, followed by even more substantial downward price movement, and each major peak has been lower than the previous. The particular downward fib channel used in the chart shows COIN barely managing to break the 0.236 fib, and not being able to clear the 0.382 fib at all. And as for the 0.236 fib showing any support once it's broken... well, there hasn't been much of that either... the zero fib line has been the only thing between COIN and the bottom of a deep ocean. COIN ended the week like a bicycle with no one on it that was pushed down a long steep hill towards a ramp... and while it did manage to hit the ramp and get some air, the finale was hardly thrilling... a jump to $264... about $14 above its all time low of $250. As usual, I'll be keeping my eye on COIN. Just watching it, charting it... the lower it goes, the less expensive it will be if I were to make a move. I still think that there is an opportunity to profit long long-term here... it's just a matter of when. // Durbtrade
NASDAQ:COIN
by Durbtrade
5
COIN : STUCKCOIN is still stuck in the downward channel that it's been in for awhile now (atleast, from this perspective). It shifted upwards a bit yesterday, and is currently lodged underneath the 0.50 fib. The 0.50 fib appears to be COIN's heaviest resistance within the channel (and although COIN did break through the 0.50 fib temporarily twice before, it was rejected at the 0.618 fib just above). The 0.50 fib also hasn't offered much in terms of support when retested... it appears that most of the support is coming from the 0.382 and 0.236 fib levels. As with everyone else (I suppose) who might be considering COIN, I'm still keeping an eye out for some significant upward price action, or atleast something that resembles a price base. I discovered a fascinating horizontal at $291.11, but I'd obviously still need more before confirming anything. Who knows, it could be weeks before it stops dropping... or one day soon it could just start rolling uphill, while I'm still looking for a bottom, never to come back. No matter... for now, I'm still learning and having fun charting COIN. And my outlook on COIN is still long long-term. Enjoy! // Durbtrade
NASDAQ:COINLong
by Durbtrade
10