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Confluence

Dollar Yen looking a little bearish. Will see what open brings..I'm a relatively new trader here, so constructive criticism is always nice. I suppose you can consider me a swing/short term trader; nothing longer than a week so I look at hourly charts and sometimes day charts. Based on previous chart data I have plotted my support lines that seem to be respected fairly well. Using those I then followed up with a little longer Fib sequence giving me a basic idea of where the candles where heading. Keep in mind, this is 100% technical analysts. I noted that it looked like the .236 level was going to be tested (Market closed before it could). Placing a few simple trend lines I believe in the close future the price will pinch off and take a dive considering since the beginning of the year this pair has kind of tanked... After areas of confluence were noted, more or less, I placed a short position indicator. Something I am looking to take on Monday. We'll just see how he market is reacting Sunday afternoon. That's pretty much it. Like I said, I am fairly new to the game so any constructive criticism is appreciated!
Short
by caas_i7
Bands Lines Fibs and EMA's to 11800, then 9200BITFINEX:BTCUSD Bollis on Daily chart are showing that we just bounced from the middle band, and seem to be heading to the upper band, which would match our highest close from January 28th. This also is the place where 100% extension is located. This also is the top of the ATH resitance. C O N F L U E N C E Last time we neared the top band, we got rejected, as to be expected in a downtrend. I'm feeling the same way about the upcoming touching of the band. We're getting rejected, and headed back to support, roughly at 9200. Long Guppy EMA's are also turning horizontal, which can only mean we are almost done with this bear trend. The 3 EMA will be overextender by the time we: 1) Get to the top band 2) Reach 100% extension 3) Break the downwards trendline This further gives higher probability of going down after reaching 11800. Target is 11800 in less than 48 hours. Stop loss is 12100. Bids I'd place would be above 9200.
BITFINEX:BTCUSDLong
by joserz
NEO/BTC - 2/20/2018NEO/BTC has started an uptrend at the beginning of the year. After this bullish push, it has entered a period of consolidation where it created a pennant. This pennant has been forming for around 3-4 weeks now, this means that the pennant may not be as accurate, although, will still be able to be considered a symmetrical triangle. Shown on the chart is the breakout of the flag rather than the triangle. Due to the chart being in the daily timeframe, I have set it up as a more long-term outlook. That means that even if the magnitude of the breakout isn't caused by the flag, the final target level for the price at this time frame is still around the price of 0.02221 indicated by the 161.8% fib level. The level that the breakout is expected to start is also using the Leading span A of the cloud as support along with the support level of 0.011607, formed during the forming of the triangle. The price reached under this level in the form of long lower wicks, but never closed under this level more than once. The levels that the price is expected to reverse from in the case of a bearish break, are the leading span B, 50% fib retracement and the 0.00875. This confluence leads me to believe that the price will struggle when trying to reach lower lows past these levels. Important Resistance Levels: 0.01481, 0.01382 Important Support Levels: 0.01161, 0.00875 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
Long
by EQBM
XRPUSD: Long to resistance at Fib and Gann Fan confluenceSo XRP is putting in a decent recovery from the Great Crypto Crash of Jan 2018. Based on having broken out of the downtrend marked by the channel, as well as seeing the drop since the ATH as a three wave correction with wave C completing at the 0.786 extension level (see linked idea, in comments) - we can have a level of confidence that we have exited the corrective phase and are in the early phases of a new bullish impulsive wave. Our target for this trade is not to Hodl or shoot for the moon, I am hoping that enough people learnt the risks of that in this recent corrective phase. We are simply targeting a very precise looking Fibonacci confluence level which is also strengthened where it meets the Gann fan. I think there is a fairly strong case for this Gann fan overlay, looking at the price history. Best of luck!
BITSTAMP:XRPUSDLong
by jackjamesholmes
4
BTCUSD - FUD and Panic!BITSTAMP:BTCUSD Time frame - 1D CALM YO TITS GUYS! IT IS NOT YET THE END! :-) First things first, it ALWAYS respects the 50 period moving average (yellow circles), so you can add that indicator to your charts. The price bounced off the strong confluence of fibonacci levels .382 and .236. FIBONACCI WORKS GUYS! Especially when they have confluence like this. Re-test of the .236 and .5 fib levels. If the price breaks through above that level, I'd say sky is the limit! BUT if it fails to do so, we might see it go down 12k-11k level before bouncing back again. The way I see it, the bears always lose the tug-of-war so we might see the rainbow again soon. GOOD LUCK TRADERS! ;-)
BITSTAMP:BTCUSD
by thebumtrader
USDCAD BRILLIANT SHORT OPPORTUNITY!! USDCAD is definitely still on its way down still despite the news events of the interest rates. Brilliant sell opportunity . Its shot up due to that purely and had retraced right into the Holy grail of the .618 fib. This doesn't mean that it can't still reach the .786 fib but, in conjunction with the downward CTL, and the monthly resistance, of 1.28000 lining up perfectly with the .618, this pair is going to continue to melt! **************************************************************************************************************************************************************************************************************************************************
Short
by ForbesCapital1