First of all, Happy New Year to you guys 1) Rejection from 0.5FIB 2) Old support turning into resistance This is not a financial advice. This is just a speculative idea and please DYOR before trading. Please do upvote if you like this idea. INDEX:BTCUSD
In the long run, we've been in a downtrend which means shorting opportunities is the goal. Using the Fibonacci from the previous swing high in the 1.24000 zone to swing low at 1.21563 we can see that we're having a pullback and expecting a bearish continuation at the 38.2 or 50 FIB levels which were previous supports turned resistance. Love to hear your thoughts...
Hi, The sellout was expected and I presented a basic chart for BTC months ago based mostly on a macro view showing that. Now the same way I was bearish then, I am bullish now. I think in the year of trillion dollars per month printing, there is no reason why cryptos would keep selling here. As you can see in the Total Market Cap chart, we have not only hit the 50%...
Good day, snipers. Here in the NZD/JPY, we can see an overall uptrend so I would only be looking for longs. Next is the long term support zone on the weekly time frame, combined with the short term support zone on the hourly time frame, and also in unison with the 50 Fib Level. Descent risk : reward ratio while risking only 10 pips. If price makes a lower low, I...
USDCAD - Ascending Trend line has broken and a rejection off the 50% Fib indicates a move towards the downside for UC
take a look at the new posted tool and how the bounce ended right at the 50% of the last swing
The NFP put a lot of pressure on dollar squeezing the dollar bull back into the accumulation zone from 19.40 - 19.75. A lot of bulls still remain in this area and retail sellers coming into the trade late will get caught with there pants down because of bulls lurking to ambush them right below the .50 fib. I expect price to make a LH ( lower high) and...
- Trend line touch - 50% Major fib. touch - Floating resistance zone
posted my thoughts yesterday on the link I shared below weve hit our 50% fib retracement from bottom I like an entry here but its not a home run we could take right off from this level or continue sideways or further down love the .618 fib entry on eth or btc The old resistance would be the .618 fib support. resistance become support... just gotta be reactive...
a lot of acculumulation over the past two months we could still retest these levels but breakout is also likely and reward is good so I wouldn't hold back too much here could see a few days of upside on these two if they run
Reason to Sell 1) Downtrend 2) 12930 = key level 3) Tweezer top (Daily) rejecting fibo 0.50 level 4) Trendline has broken 5) Strong breakout candle Stay tuned !
See the main chart for analysis, entry, sl and tp level. if there are any updates i will update below