FIBretracement
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#Bitcoin break out $28k Nowđ
After a lots of positive news in last 5-7 days, like BlackRock Fidelity and then DeutscheBank Citadel etc now to start Accepting BTC, it starts pumping hard & BTC become Rocket đđ
But, it's not a sign of BullRun, it's just a Bullish signal of news and some bigger Whaler's trying to do bigger Manipulations to break down the Price Zone Mark.
$BTC is Bullish due to it js running in #BullishFlag pattern as per 4 hr. Chart Analysis to break it out.
But,
As per #FIBretracement point's, BTC previously $30k breakout on 26 April 2023, and this time highest mark is $29.86k.
So, major chances it will be take Reversal from $28.5k to $29.5k upto June month end.
Always #DYOR before investing in Crypto Currency at this Trap stages and Trade Wisely with using of StopLoss.
#BinanceTournament
After a lots of positive news in last 5-7 days, like BlackRock Fidelity and then DeutscheBank Citadel etc now to start Accepting BTC, it starts pumping hard & BTC become Rocket đđ
But, it's not a sign of BullRun, it's just a Bullish signal of news and some bigger Whaler's trying to do bigger Manipulations to break down the Price Zone Mark.
$BTC is Bullish due to it js running in #BullishFlag pattern as per 4 hr. Chart Analysis to break it out.
But,
As per #FIBretracement point's, BTC previously $30k breakout on 26 April 2023, and this time highest mark is $29.86k.
So, major chances it will be take Reversal from $28.5k to $29.5k upto June month end.
Always #DYOR before investing in Crypto Currency at this Trap stages and Trade Wisely with using of StopLoss.
#BinanceTournament
#BITCOIN Weekly Chart Analysis-
As per weekly movement in $BTC , its Bullish Trend of #BroadeningWedge starts from 21st Nov. 2021 and it will be properly continuing onwards towards the uptrend cycle.
As per #FIBretracement this cycle final upper cut-off point will be at $48.2k to $51.5k approx. [already mentioned previously many charts] up to January last, after that may be it will take a slightly decline and goes towards $40k-$38k approx. to completing its final downtrend cycle as per broadening wedge and as well as Bullish Curve pattern too...
After this cycle completion, into April end to May first week, $BTC #Halving will completed and many bigger institutions arrives with Bitcoin Spot #ETFs in market, so it will be take a bigger boost of Bitcoin towards first bigger Bullish cycle towards $75k-85k this time to Break-out previous AllTimeHigh of $69k of Bitcoin up to July-August and from this time Bitcoin will be goes under full BullRun mode up to Dec. 2024 to Jan.2025 with its first new ATH of $185k to $220k approx.
This year, major role player of Bullrun in Crypto market including Altcoins growth is Bitcoin ETF.
Lets see, what's next market move...
Anyway,
Always #DYOR before investing in Crypto and Trade wisely by using StopLoss, its just NFA
As per weekly movement in $BTC , its Bullish Trend of #BroadeningWedge starts from 21st Nov. 2021 and it will be properly continuing onwards towards the uptrend cycle.
As per #FIBretracement this cycle final upper cut-off point will be at $48.2k to $51.5k approx. [already mentioned previously many charts] up to January last, after that may be it will take a slightly decline and goes towards $40k-$38k approx. to completing its final downtrend cycle as per broadening wedge and as well as Bullish Curve pattern too...
After this cycle completion, into April end to May first week, $BTC #Halving will completed and many bigger institutions arrives with Bitcoin Spot #ETFs in market, so it will be take a bigger boost of Bitcoin towards first bigger Bullish cycle towards $75k-85k this time to Break-out previous AllTimeHigh of $69k of Bitcoin up to July-August and from this time Bitcoin will be goes under full BullRun mode up to Dec. 2024 to Jan.2025 with its first new ATH of $185k to $220k approx.
This year, major role player of Bullrun in Crypto market including Altcoins growth is Bitcoin ETF.
Lets see, what's next market move...
Anyway,
Always #DYOR before investing in Crypto and Trade wisely by using StopLoss, its just NFA
#MATIC 1-hr. Chart Analysis
$MATIC still moving at present into symmetrical triangular pattern of Bearish mode and soon with in 24-48 hrs, it will be reach out their first Lower-Low mark of 62-60 cents again.
As well with #FIBretracement it's Bearish pattern also indicates to reach out soon Last Lower-Low of 40-45 cents maximum and min. with first Reversal cut-off mark of 58-60 cents.
Always #DYOR & Trade wisely by using #StopLoss ,
#BinanceTournament
$MATIC still moving at present into symmetrical triangular pattern of Bearish mode and soon with in 24-48 hrs, it will be reach out their first Lower-Low mark of 62-60 cents again.
As well with #FIBretracement it's Bearish pattern also indicates to reach out soon Last Lower-Low of 40-45 cents maximum and min. with first Reversal cut-off mark of 58-60 cents.
Always #DYOR & Trade wisely by using #StopLoss ,
#BinanceTournament
đ Unlock Your Trading Success with Fibonacci Retracements!
đ Are you ready to elevate your trading game? Dive into the world of Fibonacci retracements, a powerful tool revered by traders for its effectiveness in navigating the markets.
đ Understanding Fibonacci Retracements
Fibonacci retracements are derived from a series of numbers where each number is the sum of the two preceding ones (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, and so on). These levels, including 23.6%, 38.2%, 50%, 61.8%, and 78.6%, offer insights into potential areas of support or resistance within a price trend.
đ **Short-Term Trading:**
- Entry Points: Identify recent high and low points in price movement.
- Set Stop-Loss Orders: Place stop-loss orders just below Fibonacci retracement levels to mitigate risk.
- Exit Strategies: Consider taking profits or closing positions near Fibonacci retracement levels.
đš Long-Term Trading:
- Trend Analysis: Apply Fibonacci retracements to longer-term price trends.
- Confirmations: Look for confluence with other technical indicators or patterns to validate retracement levels.
- Patience: Utilize Fibonacci retracements as part of a comprehensive trading strategy, taking into account broader market trends and developments.
đ Additional Techniques for Trading Success:
- Support and Resistance Zones (S/R): Identify key levels where price tends to react.
- Moving Averages:
Utilize Simple Moving Averages (SMA) and the Accumulation/Distribution Line to generate buy and sell signals and identify trends.
- Dow Theory: Incorporate foundational principles from the Dow Theory to analyze price movements and market trends.
đĄ Conclusion:
Fibonacci retracements, along with other technical analysis methods, offer valuable insights into market dynamics. Whether you're a short-term trader seeking precise entry and exit points or a long-term investor navigating broader trends, mastering Fibonacci retracements can enhance your trading strategy and pave the way to success in the dynamic world of finance.#FibonacciLevels #FIBretracement
đ Are you ready to elevate your trading game? Dive into the world of Fibonacci retracements, a powerful tool revered by traders for its effectiveness in navigating the markets.
đ Understanding Fibonacci Retracements
Fibonacci retracements are derived from a series of numbers where each number is the sum of the two preceding ones (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, and so on). These levels, including 23.6%, 38.2%, 50%, 61.8%, and 78.6%, offer insights into potential areas of support or resistance within a price trend.
đ **Short-Term Trading:**
- Entry Points: Identify recent high and low points in price movement.
- Set Stop-Loss Orders: Place stop-loss orders just below Fibonacci retracement levels to mitigate risk.
- Exit Strategies: Consider taking profits or closing positions near Fibonacci retracement levels.
đš Long-Term Trading:
- Trend Analysis: Apply Fibonacci retracements to longer-term price trends.
- Confirmations: Look for confluence with other technical indicators or patterns to validate retracement levels.
- Patience: Utilize Fibonacci retracements as part of a comprehensive trading strategy, taking into account broader market trends and developments.
đ Additional Techniques for Trading Success:
- Support and Resistance Zones (S/R): Identify key levels where price tends to react.
- Moving Averages:
Utilize Simple Moving Averages (SMA) and the Accumulation/Distribution Line to generate buy and sell signals and identify trends.
- Dow Theory: Incorporate foundational principles from the Dow Theory to analyze price movements and market trends.
đĄ Conclusion:
Fibonacci retracements, along with other technical analysis methods, offer valuable insights into market dynamics. Whether you're a short-term trader seeking precise entry and exit points or a long-term investor navigating broader trends, mastering Fibonacci retracements can enhance your trading strategy and pave the way to success in the dynamic world of finance.#FibonacciLevels #FIBretracement
BITCOIN Daily Base Chart #TechnicalAnalysis
As per daily basis chart analysis, BTC still moving into Ascending Broadening Wedge Pattern and this pattern always works on Bearish Mode, It Mean's soon Bitcoin will be under their Lower-Low #BearishZone movements.
And, as per #FIBretracement , it also displays that at present by final wave their Higher-High mark is completed but its Lower-Low still remains, so it moves towards in Downtrend in June-July.
August & September movements on Bitcoin at Sideways, Mean's Altcoins season for 100 days, then from October Market goes in Upward direction for Bitcoin as BULLRUN mode starts for next 15-18 month.
Always #DYOR before investing in Crypto Currency.
#BinanceTournament
As per daily basis chart analysis, BTC still moving into Ascending Broadening Wedge Pattern and this pattern always works on Bearish Mode, It Mean's soon Bitcoin will be under their Lower-Low #BearishZone movements.
And, as per #FIBretracement , it also displays that at present by final wave their Higher-High mark is completed but its Lower-Low still remains, so it moves towards in Downtrend in June-July.
August & September movements on Bitcoin at Sideways, Mean's Altcoins season for 100 days, then from October Market goes in Upward direction for Bitcoin as BULLRUN mode starts for next 15-18 month.
Always #DYOR before investing in Crypto Currency.
#BinanceTournament
#Bitcoin Daily based chart moves at present as per #Elliott #ImpulsiveWave & #CorrectionWave Pattern, whereas their price up-down zone as per #FIBretracement is Highest Point at $31k & Lowest Point of $15.5k up-to 27 June approx..
All Analytical zone shows in chart & #DYOR
All Analytical zone shows in chart & #DYOR
#Bitcoin Hourly Chart Analysis
$BTC Ready for next movement towards $38.5k to break-out $40k soon within next 24 hrs.
And,
As per #FIBretracement last cut-off Lower-Low will be around $30.5k to $28.5k before #HalvingEvents while first it breaks on those patterns..
40 38 35 33 30 28... onwards... đ
Always #DYOR and Trade with #StopLoss
$BTC Ready for next movement towards $38.5k to break-out $40k soon within next 24 hrs.
And,
As per #FIBretracement last cut-off Lower-Low will be around $30.5k to $28.5k before #HalvingEvents while first it breaks on those patterns..
40 38 35 33 30 28... onwards... đ
Always #DYOR and Trade with #StopLoss
#MATIC 1 hr. Chart Analysis
After Retest the Lower-Low mark of 59 cent, now MATIC starts its Uptrend cycle into Ascending Broadening Wedge Pattern and soon it will break-out again Lower-High mark of 70-71 cents within 24-48 hrs in June month, and as per #FIBretracement markup points, its upper cut-off point is 71 cent too.
Always #DYOR &
Trade Wisely by using #StopLoss , it's NFA
#BinanceTournament
After Retest the Lower-Low mark of 59 cent, now MATIC starts its Uptrend cycle into Ascending Broadening Wedge Pattern and soon it will break-out again Lower-High mark of 70-71 cents within 24-48 hrs in June month, and as per #FIBretracement markup points, its upper cut-off point is 71 cent too.
Always #DYOR &
Trade Wisely by using #StopLoss , it's NFA
#BinanceTournament
$BTC #BTC
Yesterdayâs closing of the monthly 1M candle above the 0.5 level on the Fibonacci chart is a significant signal for investors and traders. Hereâs why:
1. Trend Confirmation: The 0.5 Fibonacci level often serves as a support or resistance line. Closing above this level may suggest that the upward trend is strong and may continue.
2.Reversal Possibility: If the price has dropped to the 0.5 level and then closed above it, this may suggest a potential trend reversal.
3.Increased Interest: Such moves often attract investorsâ attention, which can lead to increased demand and potentially higher prices in the future. Good Luck!
#Write2Earn #TradeNTell #FIBretracement
Yesterdayâs closing of the monthly 1M candle above the 0.5 level on the Fibonacci chart is a significant signal for investors and traders. Hereâs why:
1. Trend Confirmation: The 0.5 Fibonacci level often serves as a support or resistance line. Closing above this level may suggest that the upward trend is strong and may continue.
2.Reversal Possibility: If the price has dropped to the 0.5 level and then closed above it, this may suggest a potential trend reversal.
3.Increased Interest: Such moves often attract investorsâ attention, which can lead to increased demand and potentially higher prices in the future. Good Luck!
#Write2Earn #TradeNTell #FIBretracement
#Bitcoin  Updates- Yesterday & previously from yesterday, I told to many times and already posted, this is #BullTrap  and Soon Market will goes down again. Already mentioned in previously post- As per #FIBretracement  also, max. Uppar cut-off point is $28.5k and it revert from $28.1k and Soon Market will be soon in Bearish Zone below the mark of $25k in June-July month. Always #DYOR  before investing in Crypto Currency. #BinanceTournament
#Bitcoin Updates-
Yesterday & previously from yesterday, I told to many times and already posted, this is #BullTrap and Soon Market will goes down again.
Already mentioned in previously post-
As per #FIBretracement also, max. Uppar cut-off point is $28.5k and it revert from $28.1k and Soon Market will be soon in Bearish Zone below the mark of $25k in June-July month.
Always #DYOR before investing in Crypto Currency.
#BinanceTournament
Yesterday & previously from yesterday, I told to many times and already posted, this is #BullTrap and Soon Market will goes down again.
Already mentioned in previously post-
As per #FIBretracement also, max. Uppar cut-off point is $28.5k and it revert from $28.1k and Soon Market will be soon in Bearish Zone below the mark of $25k in June-July month.
Always #DYOR before investing in Crypto Currency.
#BinanceTournament
#CryptoMarket Updates-
Bitcoin reached again at $26,571 today now.
Previously posted many times, it's a #BullTrap ..đ
Anyway,
As per Bitcoin 4 hr. Chart,
From Aptil, BTC movement in descending parallel channel and it's Downtrend wave last cut-off breakout point is $24.3k in between 4-7 June,
but,
As per #FIBretracement slightly chances a minor deflection at $25.8k and from this point descending parallel channel pattern takes a breakout and market goes in last big Downtrend upto first cut-off point at $24.5k-22.5k soon.
Always #DYOR before investing in Crypto Currency.
#BinanceTournament
Bitcoin reached again at $26,571 today now.
Previously posted many times, it's a #BullTrap ..đ
Anyway,
As per Bitcoin 4 hr. Chart,
From Aptil, BTC movement in descending parallel channel and it's Downtrend wave last cut-off breakout point is $24.3k in between 4-7 June,
but,
As per #FIBretracement slightly chances a minor deflection at $25.8k and from this point descending parallel channel pattern takes a breakout and market goes in last big Downtrend upto first cut-off point at $24.5k-22.5k soon.
Always #DYOR before investing in Crypto Currency.
#BinanceTournament
