Fibo
BTC starts correction and now is forming a "falling wedge"Hi guys.
BTC steel falling but, we're still bullish befor BTC close daily candle under 0.61 Fibo level.
Also BTC is forming a "falling wedge" pattern in a rise formation, that is bullish too.
As you can see on the chart, BTC tuched the 0.31 Fibo lavel first time since 05 Aug 21 '.
The buyers activity is low, so I think the correction should go lower.
Target is 0.5 Fibo lewel (42700-42600).
Also we can see some skweez from 0.5 Fibo level under 0.61 Fibo level to knock out some long positions.
And then sharp turn with target around 50,000 per BTC.
That's why I will put my long orders on 42600 (2% of depo) and 41235 (2.5% of depo) with stop-lose on 38289 and target 50,000.
What do you think?
XAU Short the BulltrapXAU Presents a Pending bearish opportunity toward a bearish pullback towards the daily 38.2% Fib level at 1812.00 level retracement.
This secures the strength of the bullish move recently breaking the Monthly resistance of 1840.00 , we are able to continue looking for a long position once this move has completed
Buying zone remains at 1800 - 1812 zone for the almighty push toward 2104.00