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Fibonacci Extension

BTC tradeI am expecting an third touch of the rising channel which has been traded very respectfully. Trade should be near ~ $37.3k - $37.8k. Confluence for this trade: - Bottom of the channel also a comfirmed 3 touch trendline - Weekly, daily untapped. - .786 Fibonacci (34.3k to 48.3k) - .786 Fibonacci fan (low 33k to high 48.3k) - .2618 Fibonacci extention. - Fibonacci time. - The value area low of the big range. - 2 perfect pitchforks lining up on all the confluence. This all is enough for me for an amazing trade. Stoploss below key level at $36.3k Breaking this level will be very bearish for BTC and we could expect lower 30k. TP1: ~ 39.6K and moving stoploss to breakeven. TP2: ~ 43K TP3: ~ 45k.
Long
by Chahin073
1
LRCUSDT the price is testing the 4h supportThe price created a triple bottom on the monthly support of 0.62$ where the market found liquidity for a new bullish impulse. On the daily timeframe, the price got a rejection from the 0.5 Fibonacci level exactly on 1.37$. pon the 4h timeframe the price created an M pattern with the double top on 1.37$ and the market lost the weekly support How to approach? The price is going to test the M's neckline as new resistance. IF and only IF the price is going to lose the daily and 4h support (1.09$) and retest it as new resistance, According to Plancton's strategy , we can set a nice order. The next valid support could be the monthly support of 0.89$ and 0.618 Fibonacci level ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
[Bitcoin] Doesn't know which way to go#Crack #Bitcoin #Binance #Daily - Bitcoin showed a strong bull trend the previous day, but it is a figure that has closed down by returning all of the bull trend. - The $41.5k-$41.9k resistance seem very strong. - The position of the previous day's high is at the center line of the orange bull trend, so if the decline continues as it is, the possibility of a bear trend should reopen to confirm the $37k-$37.7k support. - Since the lows have been lowered and the highs have been raised, it is possible to expect a large widening pattern or diamond pattern formation. - Response at this point in which the resistance of $41.5k-$41.9k has not been broken above seems to be high risk. It looks good to respond after confirming support at $37k-$37.7k or breaking above the $41.9k resistance, and I think it is safe to wait and see as much as possible between $41.5k and $39.5k.
by Tommy_Trader
3
DXYWe completed 5 waves up in an impulsive count from the $89.60 lows. The 3rd wave subdivides nicely into 5 sub waves & also gets blocked at the 1.618% fib extension which is a classic wave 3 extension in a bull market. Then W4 holds above the 1.618% fib level and flips that into support B4 running to the 2.618% fib level which is an inverted wave 3 extension. Now all this EW analysis points the top is now in. But that said I could see wave 5 being parabolic and even running to $104.50 which is the 3.618 fib extension level. Only time will tell but the move looks exhausted IMO.
TVC:DXY
by Big_Mike716
1