bestfarbit74

bestfarbit74

I think everything is clear on the chart. seat tight and wait. and... Enjoy your hot (BTC) coffee

bestfarbit74 Updated 

It seems this pair can make a positive reaction to the market soon. it's been moving in a range for more times and strong demand zone has been tested several times before. so I expect price could break dynamic resistant trend line soon and rally as high as the resistant levels on the chart. lets see Enjoy the market

bestfarbit74 Updated 

looking at daily chart give us some clue that maybe we should expect more drop in coming days. so if we consider the channel, will notice that price has been moving into this channel most of the time( since last 80days from now). now price is moving between 2 support and resistant area for a while (more than a month) also 50 days moving average has been tested...

bestfarbit74 Updated 

are you expecting for more drop yet?... I personally doubt that. what we have on chart could be tricky. as you can see MAs 200 and 50 on daily setup shows death cross means strong bearish. however everyone knows MAs or other indicators can be delayed. if you look at MACD it shows you totally different outlook. the daily setup shows a positive move on...

bestfarbit74

The coin has been one of the most bearish in Crypto market that we should consider it's fundamental issues. however in technical aspect we may see something else soon. at the moment all evidence still shows bear trend will moving on. so the key support levels on the chart are very important to look. in my view price can move down for short term and test 3.45$...

bestfarbit74 Updated 

if you are interest to take more free risk positions on gold here is my setup trigger levels for short positions on XAUUSD. don't forget to setup your positions based on money management and volume. Sell at first level around 1942$ Sell above second level around 1948$ Sell at third area around 1965$ you can also set sell position bellow the baseline on my...

bestfarbit74 Updated 

if you are interest to take more free risk positions on gold here is my setup trigger levels for long positions on XAUUSD. don't forget to setup your positions based on money management and volume. and don't forget bigger time charts still bearish so we can not expect a reversal trend yet. Buy at first level around 1830$ Buy at second level around 1822$ Buy...

bestfarbit74 Updated 

In my idea, Dot almost hit the bottom or much close to it. so if you look for the proper level for longer period trade or hold this is a golden time to start your buy or more accumulation. on the chart you can see key levels that price may react to them. between 3.2$ at worse case of drop and 4.2$ is the best level to catch up. however if you want less risk,...

bestfarbit74 Updated 

if you interest to take more free risk positions on gold here is my setups trigger levels for long positions on XAUUSD. don't forget to setup your positions based on money management and volume. Buy at first level around 1909$ Buy at second level around 1904$ Buy at third level around 1899$ setting stop loss and take profit is up to your strategy. however I...

bestfarbit74 Updated 

price is moving downside yet and seems to form a diagonal pattern on 1H time chart. what we can expect from this pattern is, if it is validate then after breaking out or testing the key support area( each happened first) price will turn to bullish side and start rally. the important resistant level is 200MA (on 4H timeframe) around 1940$. if this pattern...

bestfarbit74

price has formed a triangle after it's last rally, now it is in correction mode moving downside. if the correction continue we can expect the blue area on the chart around my baseline will retest. this is important level because of 200MA(daily timeframe). below the 6.7level is more bearish. however if the triangle line breaks upward, price could start new...

bestfarbit74 Updated 

finally price broke down the range level and now hit daily 50MA. I still expect price moves down more. daily MACD line as you can see is moving below negative level and if 50MA can't hold it indicates more downward pressure. so I expect if this scenario moves on price can decline and hit the critical support area on my chart. if you look my previous BTC...

bestfarbit74

Fil seems to form an inverse H&S pattern that defines a bullish pattern, if you look most of Alts chart, you can almost see same pattern on them. since BTC is moving in range so it is a good opportunity to other coins to rally soon. some of them did well lately. so soon or later we can expect for rest of them to follow up the bullish market. now if we look...

bestfarbit74 Updated 

DYDX biggest DEX token by now has strong chance to hit 4$ before summer ends but how? right now price on daily chart has formed a clear bullish flag pattern and it is moving into a descending wedge. right now from indicator aspect all indicators on daily chart still bearish however in lower time frames like 4H it turned to bullish. so the confirmation of this...

bestfarbit74 Updated 

following my previous analysis on DOT at this publish I will survey the Elliott waves on this pair. as you can see price bounced up from 4.2$ as the bottom level and hit my first key resistant level 5.6$ before drop.( from my previous analysis) at the moment if we accept first impulsive wave 1 of (abcde) completed then we are looking for correction wave 2 to...

bestfarbit74 Updated 

price is moving into a descending channel since 5 month ago. right now it is trying to close above daily 50MA and MACD (daily line) also turned in bullish level. so closing above the channel is a good sign for stronger rally to come. and closing above daily 200MA will accelerate this process. I put the baseline on the chart and in any case, moving above this...

bestfarbit74 Updated 

price is moving above my baseline and broke the daily 50MA already. it is still moving below daily 200MA yet, however in coming days I expect more pushing upwards. MACD is in good shape and daily MACD line is closing above positive level. if the price close above 200MA and the trend line we can see an acceleration move upward. at the moment it is moving in...

bestfarbit74 Updated 

price is moving in range try to form an inverse H&S (bullish pattern). based on this action we can expect the key support area (between 1840$ and 1800$) retest before another upward pressure. all indicators on daily and higher timeframes show bullish signs and I don't see any excuse price drop below my baseline unless a liquidity trap. at the moment we may see...