HEXO TO 59$ !?Fib level point 59$ and we are actually in my favorite buy zone spot in between 1.272 and 1.618.
Fiboconfluence
BTC - Flat Correction - FIBO mConfluence in game !!Hello trader,
Nice week and profitable deals 💲
Feeling the turmoil in the market regularly...Even though I'm just a small fish, I take it upon myself to blame the FED for it.
They started the tepppan much too late and denied until the last second that this inflation was not just temporary.
On the contrary, it could also develop into hyperinflation!
Even if BTC is an integral part of the markets, it has repeatedly failed to demonstrate the intrinsic value of gold!
Now to the technical part:
The last drop in BTC ended exactly at the 0.887 of the double top, which indicates a FLAT correction that can last for a long time and stopped exactly at the
FIBO confluence 0.887 - 0.236 and Pitchfork 0.5.
Also the 3 stopped at the Fib Extension 2.0 - Pitchfork1 and logscale Pitchfork 1.5!
It's easily possible that we'll stop at the next Confluence point before things start going up again.
This would be 0.382 and Pitchfork1 or Median Line !!
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas,
Trade save !!
CADJPY Confluence At StructurePrice retest the structure and there's a fibo confluence.
RSI overbougt as well.
we can short it now
