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Fibonaccianalysis

#CryptoMarketCap Analysis #Crypto $BTCTraders and Investors, Let's talk about the crypto market. There has been a lot of discussion lately about each and every little move that Bitcoin makes. A little move up sends bullish sentiments and over-the-moon projections across social media. Whereas a downward move creates despair. 🙂 This has been going on for weeks and months. So let's see what has been happening to the crypto market overall. 1. Crypto market capitalization reached an all-time high of approximately around 3 Trillion 2. As with all hype, what goes up must come down, it took a massive correction finally. 3. This created a major M pattern on the weekly/monthly time frames which is quite evident. In fact, there are 2 M patterns. 4. Once the M pattern completes, the market goes up so it started bouncing up. 5. It reached its one target exactly at 23.6 Fibonacci 6. It then took a correction again from there which was quite understandable and expected 7. Now this is simply consolidating in a range which has its mid-set at 1 Trillion market cap. This can keep going on for a long time and is a common behaviour after a huge move followed by a 23.6 correction. So what is next? 1. There will be a breakout from this range at some point. 2. But usually it first creates a major trap on one side and then goes to the other. 3. So wait for a move which will make nearly everyone think in one direction. This will create a major bias (general consensus) 🙂 4. Start thinking in the opposite direction unless you get a piece of solid evidence or confirmation to follow the general consensus. Remember a market can do anything. If BTC could go from 3500 to 67000 in a matter of weeks and if USOIL can go to zero then anything can happen in a market. 5. The upper breakout can take it to 1.6 market cap level 6. Lower breakout can take it to 500 billion market cap. Our bias: (Not advice or recommendation) 1. Wait for a general consensus to build up and go against it on confirmation 2. Downside is more likely at the moment but we will have to wait for further evidence. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
CRYPTOCAP:TOTAL
by vikinsa
$TSLA Can Fall #TeslaTraders and Investors, Tesla has been in a downtrend and is looking weaker at the moment. It is forming a potential M pattern which can push the price down. A good confirmation may be needed to initiate a position. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NASDAQ:TSLAShort
by vikinsa
2
CADJPY - DAILY - Bullish Breakout & Continuation TradeTechnical analysis of a potential breakout & trend continuation trade using price action analysis, Fibonacci, structure & volume to predict the direction of the breakout & the ideal location for placing profit targets. If you have any questions or comments about anything discussed in the video, please leave them below & before you leave DO ME A FAVOR & show your support by hitting that LIKE BUTTON. I hope you guys have a great weekend! Your Trading Coach - Akil
Long
by Akil_Stokes
11
$EURCAD Can Rise Now #EURCADTraders, EURCAD has been falling nicely and gave us a very good short trade. Now it has completed an M pattern in a medium time frame. When the M pattern completes the market goes up. So we can expect this market to rise up any time. Beware that this can still form an extended M pattern as we have a trend lines cross. So trade what you see and only with a confirmation. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
2
$NZDCAD Can Rise On An M Pattern #NZDCADTraders, NZDCAD has been falling nicely and gave us a very good short trade. Now it has completed an M pattern in a medium time frame. When the M pattern completes the market goes up. So we can expect this market to rise up any time. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
#NASDAQ Can Go Higher $NQ $NDX On The Higher Time FramesTraders, We have been bullish since the last quarter of 2022 on this market. NASDAQ now is reaching a point of a possible breakout. Short term it can go a down a bit but on this higher time frame, it is still forming a bigger W FCP Pattern which means that it is still on its target to reach higher levels. Please note that the chart is Weekly timeframe. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
U
by vikinsa
#NaturalGas Can Rise Up Very Quickly #NATGASTraders, Natural gas has created several bullish breakouts over the past weeks but failed to push higher. Now as we are reaching the end of the wedge pattern, a breakout is imminent. This can create a W pattern which in turn can push the prices higher. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
NLong
by vikinsa
6
$EURGBP Can Fall Down Further Before Rising Up #EURGBPTraders, EURGBP last week showed a rejection from the 200 sma. It fell a bit from there. We have a potential M pattern forming on the daily time frame. So it can continue to fall until it reaches one of the FCP zones where it can bounce upward again. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
by vikinsa
Looking for long in PRZ IMHO For me it is too late now to take a shot position. I can't find any good RR ratio anymore. But, if I see an opportunity to go short with a good RR ratio, I will go short untill the PRZ has reached. Meanwhile, I am looking for a long position some where between 1987 and 1998 in PRZ. But it will me a correction wave. So let's see how the market perform the corrective wave before taking any position. Please CMIIW, comment, and give me your though. I will very appreciate it. Thank you.
OANDA:XAUUSDLong
by Fx46
GBPJPY 170.223 -0.12% LONG IDEA 🐮📈HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at GBP/JPY INTO THE NEW YORK SESSION 1. Opened the week by taking previouse week BSL. 2. BEAUTIFULY trending towards the sell side. 3. momentum is perfect not too agressive so we can confidently presume we are in a correction towards the 61.8 % fib or 50 % before continuation. 4. Looking at that unfilled FVG as a possible entry with the bulls . 5. TARGET would be the the BSL & THE DAILY -OB. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
BluetonaFX - AUDUSD Key Level 1D ChartHi Traders! We are approaching a 3 week high around the 0.68076 level on the AUDUSD. We have not been this high since April 14th so we expect some resistance around this level. Over the past week, we have had strong bullish momentum after failing to break the long term support level of 0.65637. Further to the upside, there is a long term 50% retracement resistance level of 0.68614 but there must be a break and close above 0.68076 to possibly target this. We will continue to analyse this and carefully monitor how the market behaves now we are near key levels. As soon as we have any updates on this set up we will let you know. Please do not forget to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
2
HEX back to ATH for Christmas 2023? Could be!I've got a feeling... So, my call for Hex's bottom got a bit messed up as TV decided to re-generate the chart or something. That means my previous charts won't load, but my bottom target box was hit (check the related chart), and we've seen some nice moves since then. With Richard Heart's ETH-Fork Pulse Chain launch looking like it's just around the corner, there's a bit of a fundamental twist to my analysis. But getting back to all-time highs is just what good crypto projects do, right? Why Christmas? Well, bull markets often have a wild festive period, even if they keep climbing later on. So, I thought, 'Why not? It's got a fun vibe to it.' Now, the waves might not play out exactly as shown, but something along those lines seems likely. I've always relied on Fibonacci extensions for targets, and they usually match up well with previous levels when you look back. Good luck and have fun out there!
Long
by PhilHumphreys
$DXY Latest Analysis #DXY #USDOLLARTraders and Investors, It is still consolidating. I tried to go higher in the last week of the last month but failed to keep the breakout. There is a double bottom below which can target liquidity but trade what you see. It may or may not happen. Below this, we have 100 as the psychological level. A possible W pattern is also forming. It is not confirmed yet and is just a scenario (possibility) for now to consider. The higher time frame levels are there on the chart. Please check USDCHF and USDJPY analysis too as they can give strength to DXY. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:DXYLong
by vikinsa
1
$CADJPY Can Rise #CADJPYCADJPY has a similar pattern as USDJPY. Please see the attached USDJPY analysis: Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
by vikinsa
$GBPUSD Watch These 2 Zones On #GBPUSD Traders and Investors, GBPUSD has been very bullish but the recent price action has started to show signs of fatigue. So watch these 2 zones (as marked on the chart) for a possible correction downward or trend reversal. A proper confirmation will be needed as the trend has been strong. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Short
by vikinsa
$USDJPY Can Rise #USDJPYTraders and Investors, Overall on the monthly and weekly time frame, it is still bullish although it fell down from the 150 level. Once this sort of thing happens, it is natural for the price action to revisit areas around previous highs to form a W pattern. USDJPY created a double top this week and fell down. now we are watching a few zones and the trend lines which can provide support to the price. If the price gets supported it can target that liquidity above the double top. This also can lead it to rise higher to complete a W pattern. The formation of the W pattern is bullish and the completion is bearish. So whilst it will be making a W pattern, it is expected to rise higher. So watch out for these levels and trend lines in the coming weeks. Check UDSDCHF also pointing a little bullish pattern here: Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa
$USDCHF Can Rise Soon #USDCHFTraders and Investors, USDCHF has completed a weekly M pattern as we approach the end of this week. Remember this is a weekly time frame pattern so may take days and weeks but we can expect USDCHF to rise upward because of the M pattern and trend line. This can impact EURUSD inversely and also can give strength to DXY (USDOLLAR) which in turn can impact all asset classes. Last week (the last week of April) a rise in this gave strength to DXY. This can happen again. So beware of this potential bullish pattern. DXY, on the other hand, has a possibility of W formation of a smaller time frame which can push the price up There are also a few gaps left on DXY as below in the chart. Bearea that we have a potential double bottom and 100 psychological number. So the market may try to come down to collect liquidity below the double bottom and 100 number. But even in that case, the potential bullish W pattern will still be valid. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Long
by vikinsa