One of my all-time favorite trading tools is Fibonacci Retracement. While most of you already know what this tool is and how it works, I want to give a quick crash course to those who don’t understand the basics. Pardon me for making it boring for those who know about it, but this is meant for those who are trying to learn the ABCD of Fibonacci.
I will not get into the details of Fibonacci in Nature etc because you can
Now we wait to see if holds as the structure is similar to a bull flag or a falling wedge, or if the price is pushed down toward 21k which could still be a deviation remaining inside a bigger ascending channel or skewed triangle.
#DYDX #FollowUp #Breakout #Binance - DYDX broke out from the bull pennant and poked it's first resistance leaving behind few OB's (order blocks) on LTF (Low Time Frame) that most likely will be retested as textbook, that should be around 3$ and if BTC allows it might continue up.
#nftcommunity #binancepaymarketplace #keepbuilding #Analysis #BTC - facing some resistance and in between the two channels median lines having the Monthly S/R and MA's as support and the rising channel median line as resistance. Overall IMO a new high should be comin'...
#DYDX #Analysis - DYDXUSDT has left the accumulation range it was in since May 2022 and it's under consolidation presenting a bullish pennant. Once it breaks up should go through 4$ and find support for more upside. On the other hand, going below 2.5$ - 2.3$ will invalidate it.
#BNB #BNB/BTC #Binance - BNB/BTC is showing a Falling Wedge pattern and going to retest it's previous ATH with bullish divergence on RSI, as textbook! The #Breakout of this pattern is tradable and should reach 0.021 sat - another ATH for BNB/BTC 🔥
#BTC #Bitcoin #Analysis Bitcoin remains bullish and currently under consolidation; 22900$ support got retested in a form of bull flag pattern and if this area holds BTC should be heading for a new higher high above 25200$, most likely toward 27k - 28k or even further...