There's a point of control / high volume node below the previous low of 2023 which would be a great swing-failure pattern to hit. It's also at the .618 of the covid low to the all-time high. However if there's more strength in the market, we could see a stronger rebound into the previous range of 2023. This is if we show some strong resistance (tall wicks above...
If we can close of the month above $86.33 this would help confirm our Bat harmonic here and one can say would be bullish for cloud and tech stocks in general - .886 retracement - previous range POC - 1.272 extension from the top - Bat harmonic - .75 speed fan
This is just your typical head and shoulders pattern, but when a range is so tight, you'll just see one after the other after the other. It's pretty bizarre. I'm declaring this fractal as a "shake-n-bake" pattern where h&s leads right into another h&s of equal size and volatility
Take the April high, June low and extend from Sept high. Use 1:1 time ratios of A->B. Pretty much times every major pivot. To take this further and get a more accurate answer, use older pivots on another chart perhaps. I noticed that using negative 1:1 values also showed confluence, however it's slightly off.
Lots of confluence at the 3900 and 3000 levels; 3900 is at the .382 and the regression trend midline with a monthly + VAH just below. We see 3000 line up with the .66 retracement, another monthly level and the bottom of the regression trend.
Take the 2019 low and high as well as the late 2020 lows (not the covid drop) and you'll get this amazingly well-respected fib channel. Particularly the weekly chart's candle closes and wicks line up more often than not using your standard fib numbers. Happy trading! Note: this is on log scale
If you use the peak of 2013 and 2017 for a trendline, you'll notice that we are using it as support for the current bull market in 2020
I'd imagine we bounce from the POC, hit resistance again at the .66 speedfan and fal to VAL + .618 retracement and come back higher
An inside pitchfork, trendline, channel and fib fan working together nicely :)
I see a pattern like this happening before we get lower (if we go lower). Short term bullish, medium term bearish
Lots of good confluence around the .7 area for an entry. However expect it to take awhile
If history repeats itself, ATOMUSDT looks to be on it's way down as it previously has on fibonacci time. I will be looking for signs to the upside as the date approaches, but be sure to mark October 31st in you calendar.
My chart only goes back to 2020, but every peak and trough shows respect for the levels in this fib channel. It's worth putting on your chart
Bitcoin has had a strong correlation with the moon cycles, with new moons being the start of downtrends while full moons start uptrends. I think this cycle tomorrow will be no different
EOS looking to form a perfect three drives testing it's 2021 low before launching back up. Target being the .618 retracement of the entire pattern at $5.12
A lot of confluence among fibonacci levels + ascending triangle. Target for the triangle is precisely the ATH. Buy areas based on the .618 retracements. Expecting a retest of the .618 of this current uptrend and then a bounce to the top of the triangle
Fib fan, .618 retracement and fib time lining up on 2.6k
BAT respecting the .618 and 1.618 as key levels. This uptrend has also stayed above the midpoint. Look to take profit (scalp) at the touches 1.618 and re-buy at the midpoint