SC needs to break the downtrend resistance and break the .66 .61 and it will be fireworks, looking to be a very green week, buy the fear sell the euphoria!!!
Upcoming downleg will complete wave (v) of to finish off a correction. Even if it combos there is upside regardless if you catch the end of this correction correctly. Buy region is ~6.17 - ~6.84, but watch for clear rejection of 6.36 (0.618 of previous impulse). Also note the deep retracement of this (iv), may result in truncated (v). Count internal waves on...
If price leaves the ellipse to the downside, the trade is void. Good luck!
The Golden Pocket, based in the power of Phi, consists of the .618 to the .65. Included the mathematical rationale for why price reacts to the .65 level.
Hi guys! 👋🏻 🔔 The reason why I call this analysis - The 0.618 paradox of Wanchain is because this is the first time I have ever seen than the Fibo retracement and the price of an asset are the same number - 0.618. Isn't that beautiful? 🔔 Check this out 🔔 Wanchain has made important announcements recently in it’s DeFi scope. The launch of WanFarm, XRP...
The application of the Fibonacci Retracement tool produces a remarkable observation which is also an indication that the uptrend is still valid. What is observed is the inability of a downward break of the price level FR 61.8 at the price of 1.3830. In case of a buy order this could be a good Stop Loss level. The fact that the exchange rate is very close to the...
Ethereum is now at the 0.618 fibonacci retracement level which is very important and will now stronlgy continue to 2.5k bye. (Coins to buy right now: Cardano,DOT and ETH)
Okay, so obviously the market is incredibly bullish right now. Tons of bullish sentiment, alts are still popping, BTC and ETH going up in price. Stimulus. Stonks going up. But here is what I think from a TA standpoint on crypto. The 0.618 is a key level of resistance. Right now it is the gateway between staying in consolidation, and going back to all time highs....
Is it too much ask for a 3x at the 0.65 on SXP?
Taking a step back and looking at the sky view you can see that 6.18 is coming on the daily. Even if you didnt get a chance to enter early today, you can still take a long position till .55$ and sell there /watch price action to decide.
Just comparing this to my last chart We have a double top wick on both patterns where there after the 61.8 retracement held up gearing up towards to the bullish move to $0.60+ I am expecting to see the same again coming in a similar timeframe.
Zbliżamy się do bardzo ważnego wsparcia wynikającego z położenia wewnętrznego mierzenia 61,8% fibo ~ 33200. Warto pamiętać, że kolejny poziom 78,6% również będzie istotny z uwagi na cluster z projekcją FE 161,8%. Wydłużenie Fibonacciego (FE 161,8%) może utworzyć na rynku Bitcoina rozbudowaną korektę pędzącą, co przy tak rozgrzanym rynku jest bardzo prawdopodobne....
Out of all the pairs, XLM seems to have the cleanest set up for the bias I still have, XRP has done bits this week which I was not expecting but I still dont think this is a parabolic bull run. Another drop across the majority of cryptos abiding by this current fib retracement and hopefully the extension as well being a huge buying opportunity again. If we keep...
''SELL MARKET ORDER'' Why sell? Gartley ''222'' AB=CD Bearish Hidden Divergences Good luck to everyone trading GBPUSD!
Looking for longs on USDJPY going into NY session, DXY chart looks the same and is forming a Right Shoulder atm. Will be watching this pair closely along with DXY between 11AM - 1PM GMT on the lower timeframes for an entry should this come through.
Here we have a 0.618 triangle in price & time preceding a Three Drives pattern at the top. Prices printing lower highs with the RSI forming higher highs, indicating hidden bearish divergences. The stops for this pattern is 2 pips above the 0.786 retracement. At the 0.786 there is a another chance to sell short, this time with protective stops 2 pips above the...
After waiting all week, the US payrolls delivered numbers good enough to rally the Greenback back to its recent high but not strong enough to cushion the negative COVID inspired dent on the US economy. After moving over 200pips in our direction since my last publication on this pair (see link below for reference purposes), price did a correction to form what looks...