stevetambo32

stevetambo32

FTM price finally broke out of falling wedge. A supply zone has been form on 1 hr at strong resistance point . Looking for a long setup when price retests this supply zone in readiness for pullback

stevetambo32

New higher low at 527. If price closes above 562 long potential till supply zone at 700

stevetambo32

Price broke out of the trend line and formed a lower high yesterday. Short position towards golden zone between 0.618 and 0.5 fibs

stevetambo32

Two very important fib points that can act as support or resistance : 0.618, 0.38 Price retraced to the RBR demand zone on 4 Hr chart which coincides with 0.38 fib drawn from current high. Long position here should have potential . Good risk return ratio as uptrend continues

stevetambo32

Price is approaching demand zone after recent high. Using fib we can see new golden zone coincides with the RBR demand zone. A long from here would suffice

stevetambo32

Still not yet within the optimum buy zone. A bit more downside expected. Long from 56K looks more profitable

stevetambo32

Price has entered demand zone. Looking at ADX we were in a downtrend but ADX value is below 25 (weak downtrend). Expecting price to reverse from here. Long to 65K

stevetambo32

BTC price retraced and bounced off 0.786 fib so i expect this uptrend to be a bit weak and should go up till 65K before reversing. Will look for a sell entry in this position .

stevetambo32

After price retraced to golden zone and bounced off 0.618 fib was looking for another entry to ride the up trend. A demand zone was formed between 527 and 536. Price retraced to this zone and bounced off again ( valid entry ) . Demand zone will act as new support (SL below). Ride the long till around 650-680 region.

stevetambo32

As the price retraces I've higlighted potential reversal zones for long positions using Fibonnaci retracement. The strength of the uptrend will be dependent on where the reversal occurs.

stevetambo32

Yesterday price formed a demand zone between 507 and 527. Today it broke and closed above that zone. From trend view point the low of 472 is a higher low from the low of 400 . 200 day EMA looks to have become support at 509. Potential long till 670

stevetambo32

Looks like BTC price drop was just to fill the fair value gap to 54K . This is the new demand zone . Current market conditions dictate a long position.

stevetambo32

Price rejected at 200 EMA. Bull trap. Think the road to 38K damascus begins here

stevetambo32

Currently trading below 200 day EMA on daily chart . Price has not traded in this area since October 23. Bull flag break out failed and trapped bulls at 64K (new lower high). Potential support for this drop : 38K.

stevetambo32

Following the inside bar that formed when price broke below 14 day EMA looks like price will fall till around 51K. If this doesn't hold can be meltdown till 40K for BTC .

stevetambo32

Divergence seen on the 1HR MACD for BTC indicating current price might be oversold. - There's an unfilled fair value gap in 61-62K region . I see price rising from here to fill it. -If daily price closes above 62400 a rally to 70K is very likely.

stevetambo32

Spotted divergence on the 1HR MACD after the recent sharp price drop . - There's a fair value gap still unfilled on the 1 hr chart as well at the 0.48 region . I see price reversing to this point from here.

stevetambo32

After yesterday's flash move down long opportunity arises . Price has retested demand zone and looks to fill FVG gap between 0.47 and 0.485.