🚩#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.

🚩#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.

🚩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.