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Showing posts from June, 2021

3 WHITE SOLDIERS CANDLESTICK PATTERN

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3 WHITE SOLDIERS PATTERN  

Fibonacci fan explained

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 A Fibonacci fan is a chart construction technique used in technical study that uses the Fibonacci interaction to graphically predict support and resistance levels.  The Fibonacci quantity can be used to explain the proportions in things, from the smallest building blocks of nature, such as atoms, to the most advanced patterns in the world, such as unimaginably monumental celestial bodies. Nature relies on this inborn proportion to preserve equality, but financial markets also seem to adapt to this "golden ratio!  Understanding Fibonacci fans  Fibonacci fans are sets of sequential trend lines drawn from a valley or peak by means of a group of views dictated by Fibonacci retracements. To create them, a trader draws a trend line from which to base the fan, which primarily covers the low and high costs of a cost over a defined period of time.  To achieve the retracement levels, the trader divides the cost difference at the lower and preeminent end by the proportions determined by the

Bitcoin and the china crackdown

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  China is at it again, throwing some serious FUD in the markets. Just seeing it all, so i assume that China has caused this drop. Think that worries me a lot, Yesterday we had a very bullish daily candle close. Normally worst case, we would have seen a very weak follow through to like 37 and than after day or 2 seeing it drop again. Thats the worst case i know in my 20 years, after a bullish candle close like we had yesterday.  But as we can see obviously, price dumped way below yesterdays low even, i am not sure, but don't think i have ever seen a daily candle like this fail like we are seeing today. This worries me a lot. I dont want to spread any fear, just what we are seeing today, is not normal. I also can't judge how bad this China crackdown is. I hear many different opinions from people, some saying its even bullish for the market, long term that is. Because now mining is concentrated for 65% in China i think, with this crackdown, it will be spread more evenly over the

1.ETHUSDT:Watch for a deeper correction

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       :-The price is testing strong resistance zone for the third time near $2850 Now we can see a potential downward movement with targets $2566 and $2240 Trade carefully! Thank you and good luck!

2.Binance coin is ready to go higher

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 Binance coin is ready to go higher due to the fact that price is trading in triangle and probably can finish soon this way price can break upside of triangle and make new uptrend to resistance level.

3.Btc time to rise again

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Btc/Usdt Btc bounce up from trendline support !Now we can see momentum green candle broke out the 3rd falling wedge in this triangle pattern All we need is this 4h candle to close like that for more confirmations Next target should be test around 38k-39k again as a first resistance and breakout will test strong resistance between 41-42k as a 2nd resistance *invalidation for this idea breakdown recent low at 34800 Don't forget to like my blog for more good calls and analysis