Bitcoin price plunge after reaching 58000 USD clearly relates with Fibonacci numbers again. This time, the number is “8”.
The chart below is BTCUSD weekly chart.
Drawing Fibonacci retracement from Mar,2020 which is the beginning of this long upward trend, it clearly shows that price plunged after reaching the level “8”. Though it is not Fibonacci ratio,...
In just a month, in just one trade, I have made about 30 pips per ETH token and this was not an accident.
I knew with almost 90% certainty that this was going to happen and it did happen.
Huge earnings for a person who had the trading psychology of making 20 - 30 pips per day at high leverage. The best thing about this being the confidence that harmonic...
This pattern analysis is inspired from one of my favorite authors that I follow - VasilyPonomarev. A shoutout and thanks for directing me to this.
Tried to add my own inputs.
How will I trade this?
1. Once the price crosses below a highlighted line... will add a buy limit.
2. ideally price should turn after testing 0.887 XA Level.
A perfect Bearish Gartley is setting up on the USDJPY. Price turned at 0.618 XA @ 107.5
If the retracement continues, which is very unlikely, it may extend till 0.786 XA @ 108.363. Then it is a Butterfly.
Now, in a Gartley,
AB retraces to 0.618 - Perfect Gartley.
AB retraces to 0.707, 0.786 - Still a Gartley but not perfect.
BC projects till 1.618 @ D...
GBPJPY price is at a historic low. The price was at this point exactly 3 years ago.
This was how it played out then...
If the price touches or plays around 125... will definitely open a long position... Unfortunately missed this last week as I was occupied in moving houses...
Hopefully, the price action will be generous enough...
A very longterm bullish butterfly is complete on the EURJPY daily chart.
The Potential Reversal Zone is mentioned clearly on the chart. The price tested the zone and reversed at the end of last week. Unfortunately, couldn't open any position as I was busy moving houses.
However, if the price tests the PRZ again, will be opening a long position.
Exactly 3 years...
After a grueling wait, the USDCAD butterfly is almost complete. Price testing reversal zone. PRZ clearly mentioned in the chart.
Make sure to open the trade on the reversal from PRZ. Not while it is approaching the PRZ.
Some historical reversal points are marked with green lines for better judgment.
Stoploss @ 1.3375.
Major support down at 1.3180... Hopefully,...
Entry and exit clearly indicated in the chart.
Using a staggered entry on this. Not really sure of the price movement.
1.618 AB projection completes at 1.0906
1.428 AB projection completes at 1.0944
1.000 AB projection completed at 1.10351
Also, place entry at historical price reversal points...
Stoploss very tight.. Not interested in losing money due to...
D4rkEnergY is back, and he is more ready than ever to bring you this update on Bitcoin. Did you see the latest calls? First the brake through historical important 11,600 USD, and the Long to just under 14,000 USD, for hereafter giving the Stop Hunt Warning. And a few hours later, we got a 2,000 USD Stop Hunt.... Relax...
Lets talk Emotions
When I wake up, and...
Greetings fellow traders, this graph looks more like contemporary art, but it has meaning and hopefully some new information for you, so bear with me =). I've been doing charts for myself for quite a few years, but haven't published anything. I've noticed that not all instruments on TV are available (which should be). For example, Fibonacci spiral is awesome...
![BTCUSD.P: [BTCUSD]Bitcoin price plunged after reaching Fibonacci number 8](https://s3.tradingview.com/t/TXTmCoh9_mid.png "[BTCUSD]Bitcoin price plunged after reaching Fibonacci number 8")
