The btc price is currently making a correction. The corrections have to happen in financial markets. We can expect that the price create a historical higher high soon. In daily time frame you can see that there is a inverted head and shoulders that give us information about a possible reversal. Our take profits are base on monthly time frames.
The price structure in this pair from monthly time frame to daily time frame is bullish . Remember in this analysis I will not include entries. I will share a zone where price most likely will start the movement to the desire direction. In Monthly The price was over extended. When price is over extended we can expect a correction which already happened. If...
Bullish Structure from monthly all the way down to daily time frame Situation in Monthly time frame We have an impulse and correction in monthly time frame. If you take the fibonacci from low to high we have a price action approaching the .618 fibonacci level. As we know the most tested level in fibonacci is the .618. We can definitely expect the price to...
The price in general is extremely bullish I will be discussing the different situations of the price starting in the monthly time frame all the way down to daily Monthly The price is in the process of creating a new higher high. The price base in the monthly can easily reach the 75000. If you take the fibonacci from the low of the correction to the hight. You...
THE PRICE IS VERY BULLISH FROM MONTHLY TO DAILY In monthly time frame the price is creating higher highs and higher lows. In weekly the price is over extended. If the price is over extended we can expect a correction. Also if we take fibonacci from high to low we can see that the .5 level is in confluence with structure. We can definitely expect the price to...
The price is healthy in monthly time frame. We were expecting this correction because the price was over extended. We can definitely expect the price to make a higher high and reach at least 3.4424.
Analysis from Monthly all the way down to daily Monthly The price is very bullish. The price was over extended and made a retracement to the .618 fibonacci level. We were expecting the move because the 618 fib level is the most tested level in the market. Weekly The situation in the weekly time frame is the same situation that we have in M. Daily The price...
In daily time frame we have a bullish price action. The price broke above previous high and it is currently making a correction. If we take the Fibonacci from low to high we can see that the price is currently respecting the .618 fibonacci level. The .786 fibonacci level is in confluence with structure. We can expect a correction to the .786 before the...
We can expect the price to come down Because we have an over extended W formation. If we take the fibonacci on the impulse we have a confluence of structure on the previous leg of extended W formation. We could expect a .5 fibonacci retracement . If you want to take an entry make sure you follow the rules of your strategy. For a better entry use lower time frames
This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction. Confluences: 1.Price is currently testing a historical zone Every time price action get to this zone makes a rejection. 2.Also we have a M pattern After a M pattern we can expect a...
This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction. Confluences: 1.Price is currently testing a historical zone Every time price action get to this zone makes a rejection. 2.Also we have a M pattern After a M pattern we can expect a correction...
The situation is pretty clear. This pair have been in a strong up trend for the past months. We can expect the price to hold between .382 and .5 fibonacci level because this levels are in confluence with structure. We can expect the price to make new higher high because price is in strong up trend. For the entry make sure you monitor price action in a lower time...
There are a few confluences that make the situation interesting with this pair. Confluences: 1. Price is over extended when price is over extended we can expect a retracement 2.We have the shoulder, head and_____ we can expect the completion of the head and shoulders. With the movement that we expecting the patter will be complete. 3. M formation We can...
We have good confluences with this pair: 1.The price is overextended, we can expect a correction. 2. Also the price is retesting a supply zone, where we can expect a rejection to the downside. Where can we expect the rejection to happen? If we take fibonacci from low to the high we can see that the .50 and .618 level is align with estructure. We can expect the...
We can expect the price to make a correction. The reason why it is because the price is over extended. Also the price made a triple top which is currently getting rejected. We can expect the price to make the correction to the .50 Fibonacci level because it is in confluence with structure. Thank you so much for the support. I hope you learn and enjoy this free...
The price is currently doing what I said 2 weeks ago. I hope you keep learning and enjoying the results one my analysis. Thank you for the support
We can expect a retracement because the price over extended.
There is a M formation In the monthly time frame. We can expect the price to retrace to the .50 fibonacci level.