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Weeklyzone

Let's tap that $17.2k liquidity shall we?Good morning Traders Bitcoin (BTC/USD) has been expanding in a corrective manner since the covid crash back in March. I reckon there's a pretty decent possibility that the current uptrend and final C wave of (B) completes somewhere between $16-19k to complete a macro regular flat correction. IMO we should get a 1:1 extension of (A) which would have bitcoin retesting an untested weekly order block above $14690 with potential for an untapped liquidity grab above $17.2k. ITO time, I'm expecting (B) to complete close to the end of 2020 with confluence of fib time zones (one beginning at the start of the 2015 macro uptrend and the other beginning at the end of that uptrend and beginning of the current macro correction in December 2017). Bitcoin might have broken above major trendline resistance, when connecting the highs, however the same can not yet be said about RSI, with major momentum resistance still ahead. Once B is complete, I'm expecting a 0.618 golden retracement of B in the form of a 5 wave impulse to complete macro wave C, potentially only completing the macro correction sometime at the end of 2022. A 0.618 retracement has confluence with channel support and a major weekly demand zone at around $6k. Good luck and happy trading!
BITSTAMP:BTCUSD
by Piggy_Profit
LTCUSDT the Sleeping Giant | Resistance Confluence| Weekly RangeEvening Traders, Recent developments on LTCUSDT have not been much, lagging behind the broader market in general. From a technical stand point it needs to break above the weekly resistance zone for an impulse move. Points to consider, - Immediate trend bullish - Resistance multiple confluences - RSI above 50 - Stochastics buy cross (larger time frame) - Volume influx likely LTCUSDT’s trend is respecting its local support establishing higher lows into the weekly range, the next trade location. Current resistance has multiple confluences, the .382 Fibonacci and structural horizontal needs to be breached decisively to enter the weekly range The RSI is above 50 whilst the stochastics has recently established a buy signal, both clear on the higher time frame. This can be an indication that momentum is shifting Volume influxes are probable in the weekly resistance zone, historically has been the case. A break above weekly resistance will be the long confirmation as LTCUSDT has been lagging against the market. What are your thoughts? Please leave a like and comment, And remember, “There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.”― Yvan Byeajee
Long
by AzizKhanZamani
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