BTCUSD is at the confluence junction of: End of Jan low and ATH 50% Fib retracement Parabolic curve - this is highly subjective For it to move up in the short term, It might need to find support on the curve within the next 1 - 2 days to avoid violating the parabolic advancement. Breaking $43k we might see a violent move down to lower support...
Could there be a bearish flag in the making?
SPX Trade idea for now till Valentine's Day. 1. Wait for potential pullback and short 2. Long potential support at 3030 3. Ride continuation? Your thoughts and feedback welcomed. Thank you
The four recent peaks fit perfectly into a fibonacci timeline in a downward channel. Hypothesis: price will continue in the downward channel, or it could breakout during the 4th fibonacci peak intersection.