Using a number of sources, it seems the area marked (btw 8000 to 8300) can potentially be a good entry point for a $700 gain.
Reasons:
> Previous resistance and then support range
> Buying Volume average (strong support) in May-June was $8000
> Buying volume average in late Sept to mid October was $8300
> Psychological number, $8000
> Fib Fan support line
> Bottom support base trend line
> Fib, Circle acting as resistance could potentially be broken here
> Seems to be equating bottom of RSI and stochastic indicators on the daily chart
> Confluence with weekly 50 EMA range
Also fits into the Macro going long formation as per this post
Weekly chart
Reasons:
> Previous resistance and then support range
> Buying Volume average (strong support) in May-June was $8000
> Buying volume average in late Sept to mid October was $8300
> Psychological number, $8000
> Fib Fan support line
> Bottom support base trend line
> Fib, Circle acting as resistance could potentially be broken here
> Seems to be equating bottom of RSI and stochastic indicators on the daily chart
> Confluence with weekly 50 EMA range
Also fits into the Macro going long formation as per this post
Weekly chart
הערה
Looking at the chart today, still not comfortable to go in.I would like to see a open and close candle above the daily 50 MA.
הערה
Using fib circle, we can observe the real wedge pattern. Still within the formation הערה
Still patiently waitingהערה
Referring to the RSI, Stochastic, its not low enough which I thought would equate to this region. Hence I'm looking towards a slightly lower price. 7570-7770הערה
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.