Fib
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.
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.
Side Way #LINKUSDT We have #Resistance on level 0.618 fibonacci & up trend line too. if this level be broken the price will increase to ~16.66. otherwise if market line falls down & reach to level 0.236 & down trend line & breaks it out, the price will reach to ~10
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Indicator: Fib Retracement & Trend Lines
Position: #LINKUSDT
Market: Condition: Side Way
Time Frame: 1D
Timezone: UTC+3:30(Tehran-Iran)
XRP 3D - Monthly ResistanceCurrently at the monthly candle closes this huge spike, still think we need to pull back to sub $0.20 before any major $1 moves in my opinion.
Either this moons in January or November i don't see it being this year though it would be nice, a cross point has just shown itself now.
Lets see if this fib plays out and how these daily canldes closes, the weekly also closes tomorrow so this could be a huge turning point, I think we're parabolic above $0.65 but for now lets not get too greedy.
See how tomorrow ends init 🤞🤞
XLM (Stellar) - 3D ChartOut of all the pairs, XLM seems to have the cleanest set up for the bias I still have, XRP has done bits this week which I was not expecting but I still dont think this is a parabolic bull run.
Another drop across the majority of cryptos abiding by this current fib retracement and hopefully the extension as well being a huge buying opportunity again.
If we keep flying I can only hope you were here in March.
GBPAUD - Perfect confluence - up we go!As you can see from the chart we have taken a nice buy position on this pair. We have the bearish trend which has been respected for some time now on the higher timeframes. This broke out and it was a matter of time before we saw some action to get involved in the next trade. We can see on the lower 1hr timeframe we have created a nice little bullish trend which matches perfectly to a good level of structure and the 50% fib. So, we have 3 confluences, 3rd touch trendline, good level of structure and also the fib. All of these lead us to believe the market should see a nice upward momentum.
Please drop your thoughts and comments below :)
Any questions don't hesitate to ask.
GBPUSD - sell could be on.Here we can see a nice break of the bullish trend and price has found support here. adding in a fib we can see if we get the drawback we expect we'll have 3 confluences to get into a short term sell position. 50% fib, structure just above this fib level and a retest of the bullish trend.
let's be patient and see how we get on
YFI daily trading tips !!Hi every one Leroi here again!!
Now I wanna talk about YFI and analysis it in 15m time line that U guys can use it in 5m time line too;
So if you guys just look at the chart U can see I drew a pitchfork about 3 days ago and test it to see if YFI is following it or not, after 3 days and also after what happened 12h ago I'm now sure it's following the pitchfork canals, but what you guys need to know is that because of pitchfork being to Big, guys also can consider each 2 upper and 2 lower canals as another sperate pitchfork and gain 2% - 5% in each trades daily ...
also pay attention to 1h time line for more details also use Fib for finding price cluster and use MACD for more signal.
Please let me know your Idea about what I said in CM section below.
Also liking will help a lot.
Have a nice bullish trades !!!!
EUR/AUD - 18/11 @ 11:30 - 1HPrice reached 61.8 & 78.6 retracement zone and took an entry expecting the chart to play out with the fib extensions aligning with resistance and previous daily highs.
These highs need to be wiped out before we move lower where a double top structure or similar would confirm this, that would be next week potentially unless we stick with the bullishness.
Already in profit, stops to B/E around 1.63200
analysis EUhello traders, I see a long oppounity, even though it is not perfect entry will probably make another HH and take liquidity. You see target. You don't need to make 100 pips to become a profitable trade. You need around 20 to 50 pips a day and that's all you need to live off of. You can see it bounce off 88% almost perfectly and shot up sharper, 20 pips! You still can hold it to the target over 20 pips. Remember don't be greed. Not everything is promise! thanks for reading !
analysis EUhello traders, there was hardly any set up lately in the EU however, there was a big buy, but some of us missed the opportunity. So therefore, I have multiple bias of ideas for you guys to see and look at. Highly recommended for you guys to wait at least 2 hours for the candle to close to make your decision. You can see it was making HH and HL. During this time I do not see any of the candle making LH yet. waiting time. Once it broke structure then you would look for sell opportunities , if not look for buys opportunities. thank you for reading!
XRP Daily - EOY RevisedUsing the zones shown with the reasons ( 61.8 & 78.6 retracements ) for them being there shows why we have seen price push up to $0.28500 just now.
$0.29999 is a major prior resistance which I could see being tested one more time before a final drop to $0.17000 before we moon in January, hopefully 🤞
Bitcoin should bring down a majority of the market aiding this bias as it will be banned / useless due to governments / regulators saying it's bad for climate change, IMO.
I would expect the long term fib retracements to come through the end of this month and throughout December before the extensions / bull run occurs in the new year.
CADJPY - 2 WEEK LONG TERM - THE (COVID SH*T) SHOW MUST GO ON.This is a long term projection
I know it sounds crazy but by the look of it, banks are predicting that this covid situation will continue longer than we expect ... or if it's not covid, it will be something else that will affect the market.
This is my prediction.
Whatever you do, do risk management properly.
stay safe folks :)
Fib Levels - Profit margin opportunityMajor Pullback from high, just went down until 2,42 level which is very strong level on fibonacci. It got lots of demand from that point and went up to 3,5-3,6 point which is also strong resistance for fibonacci level. For my idea , it will be between 2,42 -3,6 level for a while. it can be good opportunity to trade between area. its %35 profit margin area.