LTF
ERG WatchPoints of Confluence
1. price is ranging within the downward channel
2. support found around .23 and .38 fibs .5 acting as resistance
3. potential (speculation) H&S
4. price imbalance is "filling"
I expect price to react with the thick black trend line as such:
_eventually_ break up and out of the triangle
come back down and re-test that range (the triangle as well as fib)
price will _eventually_ continue with break-out, or fail, and repeat.
H4 TF is so low for me, I'm more of a macro trend guy. DYOR.
BTC LTF UPDATE! $50K OR $43K?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. BTC looks fine in LTF.
BTC is making a broadening wedge structure in 1hr time frame. Currently, it is trading at $45,900 and holding the support of $45,500 well so far. I'm expecting a good bounce from here.
BTC has a resistance at $47k. Once it breaks as well as this broadening wedge then we are ready to go $50k
If BTC looses $45,500 support then next support for BTC is at $44k and at $43k
I'm expecting a big move incoming soon. Let's send it to $50k
What do you think guys?
Do you think $50k is incoming or we have to see more correction?
Share your views in the comment section.
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Thank You!
Diamond bottom. All eyes on.Etsy has been a phenomenal stock and its been on a very nice downtrend since its top in November. LTF chart printing a lovely diamond bottom. Wait for breakout upwards or buy on next sign of weakness.
RSI coming into bullish territory.
AO showing low volatility so a big move is on the way.
Resistance @ .382 (162.65)
2YR/10YR spread close to inverting, keep your stops close.
BTC: READY TO TEST $45K!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC /USDT update. BTC looks good in LTF. In my previous BTC update, I told you that $40.5k is an important support level and so far BTC holding that support and bounced.
Now let's get to the chart.
BTC is breaking out from a descending channel in 2hr time frame. It also made a bull flag-like structure inside the descending channel where the bull flag is already broken out.
So far BTC looks strong and I'm expecting it to reach $45k-$46k resistance soon.
Invalidation level:- If BTC again breaks and closes below $40.5k then this chart becomes invalid.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Potential Deep Crab GBPJPY - Potential deep crab forming, I will wait to see if price rejects from the daily low or breaks down to the crab D point!
I'm still overall bullish on this pair on the HTF I have a crab on the weekly projection, I would see this move as retracement > continuation.
Whats your thoughts?
Argument for Shorting TECK.It took me 2 hours to review 5 charts with this method of analysis. That is obviously not efficient enough, but I was really pleased with the way my ideas continually flowed into one another until I came up with a "solution". Have I created order out of this chaos? Probably not, but this is what I came up with and I'm really excited to see if it plays out. Normally, I am trying to do all of this in my head, so it felt really good to write it down on the chart for once.
Definitely need to refine this approach. From my perspective it is like if you were training to run a marathon by running for 30 miles. The marathon will never be easy, but compared to 30 miles maybe it will be achievable with regularity.
Realistically, I'm the 400/800 guy, but I prefer my suffering long and drawn out L.O.L.
$BTC: 200 ema on the 4 hour = Potential repeat?I love the 4 hour chart. Last time bitcoin fought back above the 200 ema and then retested it and successfully closed above? We saw a pretty nice run. I get the sense that this $BTC pa is just some coiling of the spring, a consolidation of momentum as we load up for the next run. Obviously things can go south from here for sure. I wouldn't be surprised to see a second break below, and another "double bottom" style pattern form. But if this 200 holds, we might see some nice push to up around 70k.