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Price Levels using Fib.Sunrun Inc. caught my attention after being listed as a possible top stock choice for 2020. Solar energy still has some ways to go in terms of cost, efficiency and maintenance IMO. This company however, is growing so fast it can't support the expansion of new employees being trained to meet the market demand. Seems like this trade could work out long term (I'm holding for 1 year - friendly competition) so I'll be banking on those earnings to show profit soon. Trade idea is from: - Using fib retracement from Highs and Lows of July/Aug - Nov/Dec 2019 - Using fib extension from points of Dec 11 / 20 / 31, 2019 - Using Heikin Ashi for momentum - Using 50-100-200-EMAs - Using VWAP (Weekly, Offset: 2) What's happening: Resistance-turned-Support @ 14.90 ~~ Look for this area for a slight bounce. It previously acted as support before the stock drove lower. It was also a small resistance that upward momentum eventually won (Dec 18-27). Currently the stock is trading @ 200-EMA ~~ Look for a slight pullback to possibly test support either at the 100-EMA or 14.90. However, if it could push through the 200-EMA there's a higher chance to test 16.00 Above VWAP @ 15.14 ~~ Considered good momentum to more upside. If it touches the VWAP or goes under (and a candlestick is RED) then it would signal a possible move down. Look for the support if so. What's my trade: (Where I would exit if I could but I'm holding for a year) Resistance @ 16.00 ~~ First milestone to achieve. Will need to close ABOVE if it wants any chance of going higher before earnings. Resistance @ 16.50 ~~ The 1.618 exit point. Resistance @ 17.00 ~~ The 0.5 retracement point from year highs. I don't anticipate the stock soaring above 17 within the next 3 months without any catalyst events. My prediction is that it would trade sideways between 16.00 - 16.50 until earnings. Good luck and happy trading!
NASDAQ:RUNLong
by kushrolled100
BITCOIN | Possible breakout trade + Fundamentals at ATHWelcome back traders, This could be an opportunity for the breakout traders if Bitcoin is to break the 8.2k level - Consider the following fundamentals as more reasons for smart money to be joining for the long run: 1.BTC is recently confirmed 0 beta asset 2.CME futures 3.Hashrate continue to increase (currently at ATH) 4.Inactive addresses parabolic (hodlers) - Plus the technical factors: We closed a full week over the main MA´s on the DAILY and Weekly timeframe. We're trading above the 23.6% fib level which validades this fib, probability of a leg higher soon. Currently there is much more buyers than sellers on the market. (Price going up) Technicaly we broke out of the downtrend channel, the only one trendline remaining is the wick to wick resistance directly above at 8.7k. - If you enjoyed my analysis, please drop a like and follow, much apprechiated. Let's enjoy this bull run ! - Mariano
BYBIT:BTCUSD.PLong
by CryptoFunded
Is This A Massive Buy Signal On BTC?The Pitchfork and Fib Circles are made by the lord of the rings - @snookerer which Idea is below in the related ideas section. On top of this, I'm using CryptoVN_Trend as the main oscillator and it gives green dots as buy signals which I've aligned with the green arrows to show on which candle the buy signal was fired. What you can see is that the previous time this pattern happened was when we had the 3.3k BTC bottom a year ago. It starts with one dot, then a big pump candle followed by a downward slope which takes 8 candles (40 days). Then we get a second green dot buy signal and we also break out of that trendline which the downward slope created and it takes 9 bars the second time. At the same time, we are holding support by the yellow ring which pushed us up pretty high last time. At the same time, we just bounced off 6400 which is arguably the strongest support BTC has. Just one more note: The same signal is showing up on a weekly chart too so unless there is no major crash in the next 24 hours this is a very powerful signal usually.
BITSTAMP:BTCUSDLong
by Crypto_Burger
3
BTC (Y19.P2.E25).v2.Macro.Observations.Bearish.Factural.E02Continuing on with the MACRO observations, I revisited my previous Fractural and did some fib. measurements, to find confluences, with the following assumptions. a) Last part of the 1st factural where it bounced 40% to hit 10.4K, the $400 to be ignored due to the exceptional circumstances of the pump, hitting the 0.618 to 0.65 fib extension level. b) Applying the same method to the second factural, another descending triangle appears and which currently matches the first macro pattern to bounce and hit the 0.618 to 0.65 fib extension level, and not to go further than this high. If we apply the same fib.extension within the bounds of its associated descending triangle as per the chart, we can see we have the next target as 6100 - 6200 range. Even though this is very unlikely to happen, we are assuming the main thing is the price behavior will repeat again for the 2nd time. Its also interesting to observe that the target for this range has many TA's stating that the bottom is likely to be low 6Ks (using the volume profile indicator\metrics) I thought its worth sharing so people can ponder on it and come up with their own conclusions. Previous post related to this item Please give a thumbs up or a like if you agree or just appreciate the effort. Regards, S.Sari /CryptoProspa
by ssari
Good time to be bearish on Bitcoin (BTC/USD)?!?Firstly I would like to point out that I am on a 1H chart, yes I understand that the 1H holds less significance than the 1D and 1W but stay with me, because short term charts bleed into long term charts soon after. I must point out that the 21 exponential (cyan) is now acting like resistance to our candles, when this has occurred in the past the candles have generally at least tested the 50 exponential (red). Not to mention that the RSI looks like it wants to settle around the 30ish area again and cool off. Also the MACD is falling and its histogram is showing selling pressure. This is concerning, even though the 1H analysis is generally short term, because we are in a critical area. This area could become a failed rally, a rally that also had low volume on the break out suggesting we are loosing steam. This area is critical because we don't have much room to fall without causing a panic in the market and bears to gain an upper hand. If we fall below the 50 exponential we are more likely going to hit our next major support which was our major resistance of the ascending triangle broken on May 19th (8360.00 area). To sum things up I am starting to see that we are losing steam, I am not bearish just yet but definitely cautious now due to these findings. This is just a market update to my last chart before the break out on May 19th. There we were coiling up and had more potential because we had the ability to break up much stronger than we actually did. If we do not climb above the 21 exponential (and continue closing candles above) and our indicators do not cool off or recover soon we could see the candles pulling us down for a nice ABC correction. Using the up fib we might see a correction down to the 6700.00 USD area which would be the .382 on the 1D BTC/USD chart, and a nice solid support after a crash. If our indicators in the short term recover and our candles push above the 21 exponential then we can feel less cautious and rely back on our Bitcoin to 10k chart posted recently. To clarify it would probably hit 9600.00 area first, and of course at that time we would need to evaluate the market situation again. To further clarify this is an update the the BTC to 10k chart posted recently!! Status: Cautiously bullish.Partially bearish. Stop losses set.
by Tachycardia
BTC Elliot Count Last Large ABC correction down, and 5500 region has very a good reason for a tap of the major trend line and the .786 fib. This chart I made purely on geometrical symmetry where the Elliot and fib seem to align in harmony. This is my more bearish count. Possible we could still bottom out at 6200-6500 as i stated before. But having more options on the table and letting the charts show the way. I think we are about 85% done with correction, halving will not be silent. Not a financial advice, just my analysis.
BITSTAMP:BTCUSD
by Elliot618
USDJPY - 5/1 Risk Reward setup - 240PIPSWe all love a pending order where we can set, forget and collect. Set the order - Pending buy @ 107.700 - Stop Loss @ 107.200 - Take Profit @ 110.00 Forget - We can leave and forget our pending buy with some confidence due to the quality of the setup. This is a straight forward Fibonacci setup on a high timeframe, using a high timeframe adds weight to the price action described below. - We can safely assume that the two significant levels required to draw a Fibonacci line have been printed... the low of 106.500 and the high of 109.500. I have the confidence to call the top because of a significant pullback. - The 38.20% Fibonacci retracement leg has already been fulfilled on the 14th @ 1400hrs. Following this, we haven't seen any bullish momentum build to take price to new highs. So its likely that there is still significant selling taking place or there is not sufficient bullish mood to drive the dollar higher just yet. - This all means that the next calling point is likely to be the 61.80% Fibonacci retracement. (This will be our entry point.) with stops places below 71.00% Fibonacci Retracement. Collect - With patience we will look to collect our profits on the first Fibonacci extension. - With good risk management trading a small lot size you can risk less than 2% of your account (1.8% in my case), and look to collect over 8%! Remember that profitable forex traders on average only collect 20%-30% profit per year and this setup offers more than 25% of that in one trade. For more setups like this one. Follow my new telegram channel t.me/smartmoneytrades. I have 11/14 trades profitable in the past two weeks, and over 16% account profit in that time. Let me know your thoughts in the comments, even if you disagree.
Long
by JoelWarby