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50percentretracement

July Seasonal Long Copper HG1!: Seeking Gap & clean highs-We retraced down to 50% of the 2024 up leg, finding support. -We neatly found support at the Volume imbalance W and the midpoint of the Fair value gap M, circa 50% of said 2024 up leg. -July has a strong bullish seasonal tendency. ~The plan would be to take partials (half off) in the gap (FVG- fair value gap) circa 4.75; and move stop-loss up to trailing. ~If this runs up hard & fast, ideal target would be the high time frame clean highs 5.24 ~Timestop: End of July marks end of seasonal bull, so depending on the price action context, i'd be inclined to close the trade as we enter into August. ~If this proves bearish and i'm wrong, I would close the entire position if we come any lower than a mere peep below the late June low; stop-loss would be at 4.31 **B-ADJ toggled ON; SET toggled OFF. **Just an idea for paper trading purposes, not financial advice.
COMEX:HG1!Long
by twingall
A potential BTC price action rH&SWhen we look on a larger time-frame, foremost 1D, we can see more and more evidence that BTC moves with a channel, respecting the FIBO retracements. Also on a global scale we can see a reverses head and shoulder formation, that could lead to a short and rather rapid price explosion towards the uptrend. the RSI 13 illustrates that BTC returned from overbought to a normal level, expecting to retest or maintain top upper channel from 50 RSI 13 above. Recharging for a larger move. We also see that there is not much liquidity at higher price levels, hence the cohort of investors is not deciding to sale, but rather take profit and move some liqudity into the Altcoins, which pop-up. On a larger time frame we see a massive resistance at 27.5-31.5k, indicated with a red rectangle . The bitcoin seems to follow closely recovery from 2019 bottom, with a rapid uptake towards higher prices. Will this scenario play-out? This is a bit foreseeing but we see on the chart even more evidences for potential price speculation towards the uptrend. Important to highlight is the analysis of social sentiment: a large cohort of investors yet believes that this is a suckers rally, hence they do not participate in the market, but their belief may be invalidated when breaking out 25.3 and maintaining this regime, pushing them to loss aversion due to missing the opportunity (also known as FOMO). A confluence of: - The rH&S, FIBO extension - Massive volume resistance at arround 27-32k - VPVR at around 27-32 - Potential resistance line draw from the 2021 Mai ATH, that has been respected - On-chain analysis suggesting that the peak of the last bulllrun was in fact in Mai 2021 - On chain analysis, mainly aSOPR but also other parameters suggest a change in Investor's perception of the market towards the bull trend - Historic fractal pattern from 2019 bottom that has been a black swan event too - Golden Cross on 1D - PRice action multiply respecting the 50% retraction - MACD - STOCH RSI (not shown in analysis) This is surely a bet, but backed by several parameters that confluence. Good luck with trading
COINBASE:BTCUSDLong
by Dar00
1
LUNCBUSD: Bearish Shark with RSI Weakness at 50% RetracementLUNC is currently trading between the 88.6% and 1.13% Range of the Pattern Completion Zone and is also at a 50% Retrace from High to Low. At the sametime the MACD and RSI are Bearishly Diverging but what i'm paying the most attention to here is the RSI Trendline that seems to be forming some kind of Bearish Dragon which if it breaks will most likely be the start of a Bearish Retrace to lower levels. I will have two targets here. The first target will be for LUNC to take back Half of the Harmonic and the Second target will be a 100% Recovery of the Harmonic. If we take back 50% i will take 50% off the trade and buy more LUNC with 50% of the profits and if it tak4es back 100% i will close off the remainign half of my shorts and use 50% of that to buy more LUNC.
LShort
by RizeSenpai
22
Hidden Bearish Divergence at a 50% RetraceI think XRP has had enough upside from here and will reverse between the 50% and 61.8% retraces. A few days ago i was Bullish on XRP at the bottom of a descending broadening channel but we have since reached the top of this channel and are now showing signs of 4 hour hidden bearish divergence on the RSI. If this continues and we see a reversal from here then i'll expect XRP to go as low as 37 cents near the 886 retracement on the daily timeframe.
FTX:XRPPERPShort
by RizeSenpai
Today is the last day (-50% incoming)Hi there, I tried to show my charts on a larger scale but it's so terribly parabolic we'd rather retrace now. Here's where I think we are. Our plan is still working perfectly and everything's moving faster than ever: we've got our yellow wave 4 done yesterday/last night, and we're now busy pumping wave 5 of yellow 5's pink subcycle (main target: $43,741). With the yellow one (main target: $44,142), light green cycle will end (target is 261.8% at $44,304), the darker green one (in extension well over its targets) and thus should most likely find its end the big wave III of the cycle begun in March 2020 (also largely extended). Given the very mild wave II of that blue cycle, I expect wave IV to be pretty strong: I expect BTC's price to drop to 50% ($26,666) or 61.8% ($22,522) correction. I wouldn't open a short still, nor take full profits so far, given BTC's extreme strength we might overgo our targets as we've been doing on larger scales. Keep your stop loss close anyway and expect rivers of blood to appear on the charts (we haven't been seeing much for a while). Trade safe.
Short
by Khosravani