🚩#Cosmos, Internet of Blockchains‼️ #ATOM Token
👉In January, we made an easy 100% of gains with #ATOMUSD then no more trade until now, but both pairs #USD and #BTC pricing structures are very clean and moving in 3-month mature range, so it should be a good time to open a trade. I will mainly use #Fibonacci Levels Indicator as quickly explained below.
👉 Apply #Fibonacci Levels. Place a Fibonacci grid from:
🔹Low to High in an #Uptrend
🔹High to Low in a #Downtrend.
👉 #ATOMBTC in Uptrend:
🔹Top Line 100%: Range Highest Price @7660
🔹Bottom Line 0%: Range Lowest Price @1380
👉 Reading Fibonacci Levels in an Uptrend:
🔹76.3% = Selling Target 2 (Bottom Selling Area)
🔹61.8% = Selling Target 1 (The Key Fib Level)
🔹36.2% / 61.8% = Neutral Area
🔹36.2% = Validation
🔹23.6% = Buying Entry (Top Buying Area)
👉 #ATOMBTC Take-Profit Targets:
▫️ Buying Entry on 09/08: 2950-3050
🔹 TP1: 3800 (38.2 Fib)
🔹 TP2: 4300
🔹 TP3: 4800
🔹 TP4: 5280 (61.8 Fib)
🔹 TP5: 5900
👉 #ATOMUSD TA and Targets to be shared later.
👉In January, we made an easy 100% of gains with #ATOMUSD then no more trade until now, but both pairs #USD and #BTC pricing structures are very clean and moving in 3-month mature range, so it should be a good time to open a trade. I will mainly use #Fibonacci Levels Indicator as quickly explained below.
👉 Apply #Fibonacci Levels. Place a Fibonacci grid from:
🔹Low to High in an #Uptrend
🔹High to Low in a #Downtrend.
👉 #ATOMBTC in Uptrend:
🔹Top Line 100%: Range Highest Price @7660
🔹Bottom Line 0%: Range Lowest Price @1380
👉 Reading Fibonacci Levels in an Uptrend:
🔹76.3% = Selling Target 2 (Bottom Selling Area)
🔹61.8% = Selling Target 1 (The Key Fib Level)
🔹36.2% / 61.8% = Neutral Area
🔹36.2% = Validation
🔹23.6% = Buying Entry (Top Buying Area)
👉 #ATOMBTC Take-Profit Targets:
▫️ Buying Entry on 09/08: 2950-3050
🔹 TP1: 3800 (38.2 Fib)
🔹 TP2: 4300
🔹 TP3: 4800
🔹 TP4: 5280 (61.8 Fib)
🔹 TP5: 5900
👉 #ATOMUSD TA and Targets to be shared later.
🚩#Bitcoin, New King of the Range Pattern!
Since Jan. 2021, the #BTC seems in love with this pattern, and it's one more sign of its price structure evolution.
👉 A Trading Range is a horizontal canal calculated with the distance between the low/oversold and the high/overbought, where the price structure will swing for a definitive period of time (also known as Accumulation or Consolidation periods).
👉 We buy during oversold/support periods and sell during overbought resistance periods (or and vice-versa for shorting the asset).
👉 There are a few indicators to help, but I like to use #Fibonacci ratios as you can often see in my TAs.
Reading Fibonacci Levels in an Uptrend:
▫️76.3% : Target 2 (Selling Area in red color)
▫️61.8% : Target 1 (The Key Fib Level)
▫️36.2%/61.8% : Neutral Area (Nothing to do, closed your computer)
▫️36.2% : Validation (The Show must go on!)
▫️23.6% : Buy Entry (Buying Area in blue color)
👉 A succession of Triangle Patterns will form inside a range which can help in trading.
Since Jan. 2021, the #BTC seems in love with this pattern, and it's one more sign of its price structure evolution.
👉 A Trading Range is a horizontal canal calculated with the distance between the low/oversold and the high/overbought, where the price structure will swing for a definitive period of time (also known as Accumulation or Consolidation periods).
👉 We buy during oversold/support periods and sell during overbought resistance periods (or and vice-versa for shorting the asset).
👉 There are a few indicators to help, but I like to use #Fibonacci ratios as you can often see in my TAs.
Reading Fibonacci Levels in an Uptrend:
▫️76.3% : Target 2 (Selling Area in red color)
▫️61.8% : Target 1 (The Key Fib Level)
▫️36.2%/61.8% : Neutral Area (Nothing to do, closed your computer)
▫️36.2% : Validation (The Show must go on!)
▫️23.6% : Buy Entry (Buying Area in blue color)
👉 A succession of Triangle Patterns will form inside a range which can help in trading.
🚩Bitcoin Quick Update!
👉 There was an error in the last TA shared on $BTC because my Fibonacci retracement was not placed as it should, even that doesn't change much.The key #Fibonacci ratio of 61.8% is at the $ 44,500 level. I don't think the $BTC can go that low as there would be the EMA200 to break, and then the uptrend created by the last two 3rd bounds which could be another support.
👉 The sad news is that the Alts continue to bleed after this Black Friday that we could define as a catalyst for the BTC bearish excess, which was also technically expected for several days.
👉 BTW, be careful because since yesterday, I have read on social media too many nonsense about potential reasons for this drop, so don't let yourself be influenced by all these false analyzes and their authors.
👉 There was an error in the last TA shared on $BTC because my Fibonacci retracement was not placed as it should, even that doesn't change much.The key #Fibonacci ratio of 61.8% is at the $ 44,500 level. I don't think the $BTC can go that low as there would be the EMA200 to break, and then the uptrend created by the last two 3rd bounds which could be another support.
👉 The sad news is that the Alts continue to bleed after this Black Friday that we could define as a catalyst for the BTC bearish excess, which was also technically expected for several days.
👉 BTW, be careful because since yesterday, I have read on social media too many nonsense about potential reasons for this drop, so don't let yourself be influenced by all these false analyzes and their authors.
What technical indicator or pattern you see very often here... that is missing from the #ETHUSD chart shared above? (See resuls after voting)
Anonymous Quiz
10%
#Bollinger Bands
10%
#EMA Exponential Moving Average
40%
#Fibonacci Retracement
10%
#Flag Pattern
0%
#FRPV Fixed Range Profile Volume
10%
#H&D Head & Shoulders
10%
#IMF Cash Flow Index
0%
#SRSI Stochastic Relative Strength Index
0%
#Triangular Pattern
10%
#Trend Channel