CAJPY - LongFX:CADJPY
Banked a nice 7.5% on the way down, with hedges running which I will now use to look for long opportunities. Overall this pair is bullish with us pushing down in this corrective channel, with the retarcement looking like its coming to an end and we could now see longs into 95-86.
I will be diving down to lower time frames to look for long opportunities.
Fib
BTC - 4H BuyIf we close above the last 4H candles high I will enter buys towards $67K- $68K.
The 12H is incredibly bullish though the last one closed with no wick, if this 4H & 12H closes as above then that's another confirmation for short term buys.
I will hedge a short at $67,500 to go with the HTF bias of a reversal.
XRP - WeeklyThis pair isn't as clear as the last 2 but if a drop was to start from the levels BTC & ETH are at this is where XRP should follow suit.
A retest of the smaller fibonacci's 78.6% retracement around $1.29 - 30 would be where I will take another sell position.
Any closes above $1.30 - $1.41 we can likely see $1.70 again.
Anything above $1.70 we can easily and quickly see the ATH retested at $3.30
The Daily timeframe is the one to watch on this pair to see if we retest that 78.6% retracement.
$A god move coming~After the amazing impulsive move to an ATH we came back to the 61 fib line which is a great pullback and a healthy one.
~we are in a wedge rn and are looking at a breakout next week
~~Bull flag highlighted in white looking hella fine, hinting at a breakout happening for the bulls
~Red zone is SL
~Green zone is take Profit max
~white zones in between will be key resistance points.
~VI indicator shows momentum is about to turn back to bullish. With earnings coming up on the 22nd, this could be a run-up to earnings play
SPY- Bearish Reversal - UpdateSPY looking very bearish here, frankly, the markets have been overextended for quite some time and all technicals are bearish on almost every timeframe- Some FIB levels and RSI-based supply and demand zones to keep an eye on-
- Bearish ABCD Harmonic Pattern Formed
- Spinning Top Candlestick Pattern (Reversal Pattern, Bearish in This Case)
- Bearish Butterfly Harmonic Pattern Also Formed (See Attached Chart)
- Buyer Volume Drying Up
- RSI way in Overbought Territory
- MACD Death Cross on the 4-Hour
Previously Charted
Amazing swing opportunity on EURUSD - Target 1.4 PointsHey Trader,
I have to pleasure to share you my latest idea on EURUSD. EURUSD finally managed to trigger my buy orders on the 50% daily FIB.
From here there is a high chance that we start off with the new bullish overall Cycle that we are seeing on the daily chart. Also, we have printed an ending diagonal for wave C which leads me to the conclusion that we might have found our bottom here. We would need to see some buying pressure and break of structure (BOS) as confirmation for our entries.
Nonetheless, I am already stacking my longs from this point and I am happy to double up my positions on every dip I see from this point on.
Please, keep in mind. This is no trading advice. I am just sharing my idea about my trade. This idea can be end up in a total loss.
For further informations about me please look below.
Wish you guys the best!
RL from RT_Trading
Kin 2021-2022 Bullrun projectionI am using the Trend Based Fib Extension so that we can get an idea of where Kin could possibly hit certain price zones based on fib numbers. Of course, this could be wrong but Fibonacci zones are crucial in making some kind of connection with a future outcome. I am still bullish on Kin reaching a possible $0.01 price target but more conservative at $0.005. Notice that I have February as the possible sell-off dates for Kin and I base this on the previous historical information on the bear cycle from 2014 and 2018. When we reach a peak for Bitcoin the Altcoin go absolutely parabolic and this is what I see happening in February if Bitcoin Peakes out on January 3rd of 2022. What we do know is that when Bitcoin peaks out we usually have between 3 to 4 weeks of parabolic price moves in the Altcoins.
PFE to ATH PFE has been following the highs and lows on this bullish run with last bullish run to a T. Some of my most successful plays have been from finding these patterns and trading them. On top of that, the correction on PFE pulled back to the 78 fib line which is very healthy after a big run like it had. I am still very bullish on the next month for PFE and am anticipating new ath next end of month into dec.
A look into Ethereum's 200 daysNOT FINANCIAL ADVICE - Just an education tool for my trade setups ;D
This is an ETHUSD (Binance) Daily chart that will be dissected and summarised for what I think is the likely path of least resistance in the next 7-21 days.
Fib Speed Resistance Fan : 0.886 now Support after 1xFakeout and 1xRejection
Fib 0.618 Levels : Broke and promptly bouncing out of 0.618 Fib resistance: Bulls winning. Heading towards 0.786 Fib levels ($4005).
Area of Confluence : Bears previously lurking around $3348 unable to drive price down. Heading towards next AoC, where '$3811' Bears reside.
20 Days EMA (red line): Bouncing off strongly on the 20 Day EMA.
MACD : MACD line is bouncing off signal line, after almost threatening to go under: Bullish.
RSI : Bouncing of 0.5 levels. Ample distance to climb into Overbought territory, but signs of lower Highs may indicate structural weakness in buying pressure.
VOLUME : This isn't a Wyckoff study, but the macro view here is relatively weak. Short term view is showing strength, as smaller amount of buyers need overcome sellers: sign that retail (low volume) is gobbling supply, while Composite Operator (CO) dumps at designated peaks to test retail's appetite.
SUMMARY:
$ETH is showing stubborn resistance to go down and it looks like the Bulls are winning in the short term. However, there are strong suspicions that it looks like this rally will be cut short at the Bears' whim.
When an asset's price is essentially 'supply vs demand', the last point that looked at Volume analysis points towards a possible rigged setup that the CO is playing. Intermittent selloffs by CO has failed to deter the Bulls nor whet the Bears' appetite, allowing price to continue rallying, despite the macro economic outlook not looking too sexy in the near term.
Next Memecoin to go through the roof? $FLOKIAn, admittedly, not entirely serious, analysis, after all, we are talking about a Memecoin.
Even if this culture goes against everything I've learned about the market, you can't ignore it.
I'm in since yesterday and I'm at 100%, but I'm convinced (almost unfortunately) that Floki will go the same way as Doge or Shiba did ( or will still go, in the case of Shiba, that's not over yet in my opinion).
I will buy again at the yellow line.
EVEN IF THIS IS ALWAYS TRUE, HERE ESPECIALLY:
THIS IS NOT AN INVESTMENT RECOMMENDATION!
BTC - Weekly ShortAfter some manipulation around ATH, this short looks solid now.
We had a bearish candle close and also created an upper wick on the 25th.
Now we are breaking the low of the previous candle which should continue lower.
Will be putting money on this for sure.
The fib is from the Monthly chart.
Bitcoin update. Momentum was there and the spot light is shining brighter on Bitcoin every day. A blast from support at 44k brought us just barely to new all time highs. I'm my opinion the world is too afraid to buy at all time highs as strongly as sellers are willing to part. The flash crash on binance is proof that the space is still the wild west, and until there's some sort of security, big money is tepid at best to enter, in my opinion. A dollar cost average approach would seem the safest, so I can see a steady gradual rise in acceptable price for Bitcoin, but huge pumps like this are usually orchestrated by crypto whales, and after the shorts are liquidated and new money comes in at these highs, Bitcoin loves to pull way back to cause capitulation.
Thusly, I could see a retest of the 53-49k levels, with liquidation hunters poking below that as well. A good entry for bull market continuation would take the volatility we can expect from the wild west of finance in to consideration.
There's no doubt in my mind that Bitcoin will achieve some sort of grand use case scenario eventually and be hundreds of thousands of dollars per. It's definitely not going away any time soon, or ever for that matter, unlike other forms of currency and the governments that back them.
ETH- Double Top at Supply Level- UpdateMixed emotions on ETH here- Double top formed on the daily timeframe right at an RSI-Based supply level as well as a bearish ABCD Harmonic pattern formed on the 2 and 4-hour timeframes (2-hour Chart Below). RSI overbought on every timeframe besides the daily timeframe, which is nearing overbought territory as well. However, does seem to be forming a larger ascending triangle, likely will see a bit of a pullback and some consolidation before another push to new highs. Bearish short-term, very bullish long-term- Just some FIB levels and RSI-based supply and demand zones to keep an eye on **See Previous Charts Below**
2-Hour
Previous Charts
F pullback initiatedentered F 15.50p 11/12 @0.28
~We bounced off a double top
~RSI divergence like the pullback in June
~We are also seeing a similar pattern back to back
✅ Phase 1: a downtrend
✅ Phase 2 an steep upside down cup
✅ Phase 3: a nice strong uptrend impulsive move.
Using fib and zones I have PT at 15.50, 15.13, 14.60. We could see a pullback to 13.43 as well, but I probs wont hold that long. 14.60 is my last take profit, as it is the 0.5 fib line