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BTC 12H - 14 Dec 20In two minds about BTC as we have just bounced off a 61.8 retracement on the 11th Dec, which can be found by drawing a fibonacci from 26 Nov @ 12:00 - 1 Dec @ 00:00 We are now rejecting / holding the retracement zone, this can be found by drawing a bearish fibonacci from 1 Dec @ 00:00 - 11 Dec @ 00:00. I would hope to see this sell off up until the EOY until January when things heat up with regulations and digital $. I would not be surprised if $22,200 comes through wiping out everyone shorting from here (prev ATH) hence the idea to not risk this set up. Lets see what happens on 21st Dec (week today) in the crypto market 🤞 📉
BITSTAMP:BTCUSDShort
by jakedubbz
VET/USD High odds reversion to the mean, LONG, BULLISH There is a high probability ' reversion to the mean ' trade in play (Pitchfork median line). The ideal entry was the 0.618 retracement however there is still a 1:1 Risk: Reward trade from here. Usually I prefer a 1:3 R:R however this trade has an 80% probability of playing out. Therefore it is worthy of consideration. Looking at the bigger picture, VET appears to be in a wave 3 with the target for this wave being +157%. I see massive long term growth potential in this project. As a result of my conviction, I will be cautious of taking too much off the table at these targets. I believe VET is a long term hold. What kind of trade is this? High time frame swing trade Low time frame reversion to the mean. Long term hold. Looking at the Macro environment, what is the trend? LONG. Bullish . Pending US Election results may still cause short term volatility . Long term elections have little impact on the market DJI & NDAQ recently made new ATH's. Trending higher but monitor this closely Gold & Silver has been on a beautiful run but now correcting. Looking for continuation at key levels Vaccine with 90% success has been found for Covid19 More stimulus expected soon Sector leaders Bitcoin and Ethereum been trading in a positive direction with higher highs and higher lows since the bottom in March of this year. What are the key points to be taken from the VET Macro Technical analysis? Broke through long term resistance in Jun & re-tested the Support through Oct- Nov Potential to form a Massive cup & handle Pattern Order block has been tested Golden pocket has been tested Long term resistance has broken and turned into Support This recent test is a higher low Appears to be in wave 3 of an Elliott wave count. What are the key levels For VET? Reversion to the mean This trade has an 80% potential for a 25-35 % profit. The longer it takes to play out the higher the potential profit. If this trade takes 3 weeks to play out the target will be in in confluence with the cup and handle formation target at 0.02325 Entry: anywhere here (~.017) Target (median line of pitchfork) currently at 0.021619. Stop: 0.01185 R:R 1:1 Elliott wave 3rd wave & Cup & handle The target for the 3rd wave is in confluence with the target for the cup and handle and has a potential for 157% profit. Entry: anywhere here (~.017) Target: 0.0439 Stop: 0.01185 R:R 1:5 The following are assuming the 3rd wave ends in the high probability zone 4th wave entry: 0.0305 5th wave target: 0.0522 Are there any news catalysts? Yes. Bullish. Too many to list. VET is an absolute beast and is severely undervalued IMO. National level partnerships with the Chinese Gov. Over 100 partnerships with fortune 500 companies I am unaware of any other project in this sector with as many high level partnerships as VET. (If you know of one please let me know in the comments below) Considering the points mentioned above has allowed me to set a LONG ONLY bias. This means until circumstances and the trend change, I will ONLY be looking for entries to trade VET LONG. (The trend is your friend) What is my trading plan moving forward? Look for LONG entries on the lower time frames for short & medium term swing trades Wait for larger pullbacks and retests on high timeframes to build larger LONG positions with the intentions of holding for much higher targets. Continue with this strategy until a 'reason2sell' is present, for this trade that will be; Break of the 0.618 of the most recent swing or my targets are met. Note; I hold core positions in VET with no stops. I see those positions as long term investments and this forms part of my long term strategy. I would need to see significant change in the Fundamentals to alter this strategy. Cup & handle, Golden zone, S/R flip, Order block, MACD crossing bullish: Never Trust. Verify. D.Y.O.R . Not Financial Advice, this is my trading journal. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
BINANCE:VETUSDLong
by TribeWriter666
24
NKLA soon to deep below the bearish wedge support of $16.5.As it was expected, Nikola keeps moving to its ultimate destiny, of a penny stock. The technicals couldn't look worse for it, is likely to break the support line around $16.5 and deep to the lower fib extension lines, likely to stop around $8 bucks, by then $16.5 will be a resistance, and it would take a great deal of shenanigans to take it through. I tell you what I see, I see Nikola hitting 8 bucks before Jan, and then wandering around between $8 and $16.5 until it's next Earnings period in Feb just to deep lower from there. It is likely as well that it will sell way before the earnings date, so in mid Jan and beginning of Feb this thing should be on the move again. Fake technology, fake products, fake CEO, fake deals, fake everything, this is a penny stock company.
NASDAQ:NKLAShort
by Allenvik
Will NIO touch the 50% fib retrace?NIO is having some consolidation, and it is more due to the massive growth in the EV market and investors cashing in unrealized profits before the end of the year, NIO is being sold with the rest. IMO the consolation is limited, there is too much interest in this company, accumulation is taking place, so I see 2 scenarios, the first is a sideways move for couple weeks and the other is a deeper retracement to the 50% FIB from its latest impulse, that would put the stock low at perhaps 39ish, however NIO has proved to be a lot more resilient that expected. I also see a return in growth for the whole EV market in Q121, the race will go on.
NYSE:NIO
by Allenvik
MSB - Updated AnalysisI hope you find my analysis useful. From what I can see, price seems to be holding within the trend channel (bullish sign) The moving averages are beginning to cross, and as you can see in the past, when that occurred, price rose (bullish sign). Price needs to hold above the lower trend channel and break past the .786 fib to confirm bullish price action. Stock is very news sensitive, price may rise in anticipation of an announcement and come crashing down if the announcement is lackluster. Trade with caution, but from what I'm seeing, right now is a good time to either average in or enter the trade for a decent risk-vs-reward scenario. *Not financial advice* *Just my opinion* *All investing and trading involves risk*
ASX:MSBLong
by TheTraderAndy
The Magic of Fibonacci Numbers - Golden RatioAn Easy To Understand sequence represented as 0 1 1 2 3 5 8 13…. where each number is the sum of the preceding two numbers, with the series starting from 0, 1. But, did you ever realize how magical these numbers are? Fibonacci numbers appear in so many contexts in our lives and surroundings, for example, the number of the petals in a flower, the seed heads of a flower, paintings, and a lot more. In fact, the beauty of a human face is based on Golden Ratio whose nth power forms the nth Fibonacci number. (the nth Fibonacci number is 1.618n where 1.618 is the Golden ratio). These numbers display a lot of magical patterns. Given the Fibonacci numbers: 1 1 2 3 5 8 13 21 34 55 89… Let’s square these numbers: 1 1 4 9 25 64 169……. The addition of two Fibonacci numbers gives us the next Fibonacci number. But, What’s so special about their squares? Look closely to see that the addition of the 2 consecutive numbers from this squared series of Fibonacci numbers would give you alternate Fibonacci numbers. Let’s realize this: The squared Fibonacci series is 1 1 4 9 25 64… Now, 1+1 = 2 1+4 = 5 4+9 = 13 And, so on.. 1 1 2 3 5 8 13 21…… Let us now add more than 2 numbers of this squared series increasingly. 1+1+4 = 6 1+1+4+9 = 15 1+1+4+9+25 = 40 1+1+4+9+25+64 = 104 These do not seem to be Fibonacci numbers. But, if you analyse closely, you can see that these numbers enclose hidden Fibonacci numbers. 1+1+4=2* 3 1+1+4+9=3*5 1+1+4+9+25=5*8 1+1+4+9+25+64=8*13 But, why is it that? 12+12+22+32+52+82 = 8*13 Area of this rectangle = sum of the areas of squares inside it = 12+12+22+32+52+82 Also, Area of rectangle = length*breadth = 8*(8+5) = 104 which proves that 12+12+22+32+52+82 = 8 *13 If we continue this process of merging these squares to form rectangles, we can get rectangles with dimensions: 8*13 13*21 21*34 34*55 55*89…. If we divide the dimensions of these rectangles keeping the larger dimension in the numerator, we end up with these figures: 8*13 => 13/8= 1.625 13*21 => 21/13 =1.615 21*34 => 34/21 = 1.619 34*55 => 55/34 = 1.6176 55*89 =>89/55 = 1.61818 As we continue dividing the dimensions of larger rectangles, we would get close to 1.618033… which is defined as the Golden Ratio. This Golden Ratio particularly is of great interest to mathematicians since it holds great significance in our surroundings and environment.
BITSTAMP:BTCUSD
by CryptoNinjaAnalyst
2
analysis NAS100hello here are the update on Nas100 to the downside, woah that was quick now lets wait for it to go down to the targets. Give it patience to make a pattern. There are multiple entries for you guys. Don't forget you only need 20 pips to 50pips to be profitable. Also always give your trade stop loss some space to breathe so it would not tap and shot to the direction you have predict. A tip is a put your SL above your LH (aka my fib of 100%%) or below your HL. Thank you for reading!
OANDA:NAS100USDShort
by MonaySess
Can the DT take power over GU?Eyes are still very much on this pair. No opportunity presented itself last week, but at the moment we have a nice and clean potential double top forming. Naturally, we need to see this neckline taken out before we can trade it. The double top itself (although it cannot be classified as divergence) is showing significant signs of weakening, through the MACD and the physical price action itself. This channel has divergence through out its formation adding further confirmation to this bias. The targets for this potential DT sit directly on the bottom of the channel, this could mean that this channel is not even finished, and we can possibly only trade the targets that are presenting themselves... the DT. Its possible we may get a flag en route to the DT's targets, this could give a clue as to whether the channel bottom will hold, or break. The bottom of this channel also sits just above a weekly trend level. I am looking for shorts based off the break of the DT neckline @ 1.319. I would then like to see the channel centre taken out as we can clearly see that this level seems to hold a strong relevance.
Short
by TeePeeFX
Return To The All Time High ? ETH/USDT #Ethereum $ETH #cryptoHere we see our Eth tether chart on Binance . ETH is having some great upside and as you can see we have hit the 1.618 fib extension of our 2018 low . ETH seems to be following that pitchfork nicely . Reaching up to that mid-pitchfork line could absolutely take us back to All Time High zone for ETH . Can you see the purple star on my chart ? That's where we could see 1400 or 1500 ETH happening next year possibly 2nd half of 2021 . I expect sometime along the way there will be pullback for a nice buy in, but ETH is looking extremely nice long-term.
by shimmeringpath