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Fibonacci Extension

Rise to 50 000 before the next drop BTC broke above the previous highs at 45K and it's now in a consolidation, we can also see a triangle forming. It's more likely to see another push up and price reaching values slightly above 50K. That's where many buyers will enter the market but we're still expecting that there's going to be another big drop to 30K. Short-term we're looking for a move up to 50K but then another meltdown. Follow the analysis to find out when exactly the reversal will happen.
COINBASE:BTCUSD
by ForexTrendline
11
LONG IDEA - EURJPY LONG IDEA - EURJPY Based off the Monthly Timeframe we have moved into the Buy Zone and now looking to Buy the market . If the Analysis holds true we anticipate the market push Bullish towards our daily Target of 145.733. The previous resistance could potentially become the new support round about 133.138 area . We as see a strong support level between 127.892 - 128.433 which the market could Potentially come back to and rally towards our Target of 145.733. TP 1 - 141.131 TP 2 - 145.733 SL - 121.425
Long
by MartinSturks
Long Idea GBP/JPYLong Idea GBP/JPY: Based on our Analysis we see a Strong Up Channel based off the Daily time frame Making HH and HL we anticipate a pull back and then a further push to the upside to our 3 Take Profit Areas highlighted . TP1 : 169.067 TP 2 : 170.467 (Monthly Take Profit) TP 3 : 174.707 SL : 147.034 If the market does a Deeper retrenchment to our second entry point highlighted round about 152.337 our Take profit analysis will stop at TP 2 : 170.467 (Monthly Take Profit) we will then anticipate a Larger than normal retracement.
Long
by MartinSturks
SLP Prediction for Long TermIn the daily timeframe of SLP, we have ended the bearish cycle. We are now currently in the beginning of a bullish cycle. Using Elliot Wave Fibonacci levels, I predict that we will hit 0.0566 , from there we will retrace to 0.0410 , and lastly we will jump high to 0.0855 . In the retracement for wave 2 there is a double EMA cross which is a good buy signal for long term. Looking as well on the volume, we had a high volume rally in wave 1 and the retracement was low volume, this is a good sign that SLP will go very high in the near future. SLP is now on the bullish cycle and I think that SLP will reach its ATH by the end of the year. Origin is fast approaching and once it comes out, we will see the biggest pump of SLP for this year. As long as SLP is above the RSI level, SLP will have good results.
Long
by elexicius
ZECUSDT wants to go more higher The price created a double bottom on the monthly support on 86$ and created an inverse head and shoulder with the dynamic resistance. After the breakout, the price had a retest of the neckline and started with a very nice bull run. Actually, the price is creating an ascending channel on 4h timeframe and had a breakout from the weekly resistance on 192$. As you can see on the daily timeframe, the price is testing the 0.618 Fibonacci level exactly on the 4h resistance (215$) How to approach? We could see a retest of the weekly resistance on the 192$, the price needs to confirm the flip and grab new liquidity for the next bullish impulse. Otherwise, if the buyers push up again, we could see the breakout of the next key level 214$. So, I'd like to see a clear breakout of 4h resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip