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NEO BTC - Fundamental analysis + Elliott Waves + Fib Extension !Hi guys! Fundamental analysis NEO has a great project, team and community behind it. Some say NEO is China's Ethereum but watch this video from Da Hong Fe i (NEO's founder) which he explains on it how NEO and Ethereum are different and why NEO has a bigger vision in Blockchain Technology. www.youtube.com TA: BINANCE:NEOBTC going through a ascending channel in recent days which been broken by sudden BTC price decline and whole market correction. (We're forming new ascending channel now) According to Elliott Waves analysis in macro level we're now on 2nd wave, and we're trying to begin 3rd wave which can take us to 0.010205 price (Fib Extension level 1). potential 25% profit from this price level ! If everything goes right we can reach 0.011750 price (Fib Extension level 1.618) in 5th wave on upcoming days. potential 44% profit from this price level ! It's a complicated market situation right now, some believe alt coin season has already began but some still believe we need more time and more market correction to see new all time high price for alt coins. P.S: I'm not your financial adviser and do your own research. I'm a newbie on TA but I'm trying to share my knowledge and helping community to grow.
by NimaAha
5 STEPS TO CHANNEL THE TARGET WAVE 5 USING ELLIOTT WAVESSTEP 1 - Once the 1 wave is completed use Fib Retracement to find out the possible wave 2 level. Usually wave 2 is 0.5 - 0.8 of wave 1. In a uptrend Fib level is close to 0.8 but its the opposite on downtrend STEP 2- Once the wave 2 is completed use Fib Extension to find out the possible wave 3 level. Usually wave 3 is 1.618 of wave 1 or 2.618 of wave 2. STEP 3 - Once the wave 3 is completed then you can draw a line to join 1 and 3 and then draw a parallel line on wave 2 to project the wave 4. Usually wave 4 is 0.5 - 0.618 of wave 3 STEP 4 - Once wave 4 is completed then you can draw a line to join wave 2 and 4 and then remove the previously drawn line joining wave 1 and 3 STEP 5 - Then draw a parallel lines from wave 1 and 3 and the 50% trend line of the above parallel lines to project wave 5. Usually wave 5 is 1 or 0.618 of wave 1
BITSTAMP:BTCUSDEducation
by surangadesilva
8
EOS is looking FIERCE _____________________________ Idea: We have HEAVY bullish divergence on the RSI and a good target for the 1.618 to be the end of wave 3 _____________________________ Warning: we did hit the 1:1 extension of 1 and immediately corrected from there, I am assuming that this was only a subwave of 3 rather than the entire wave but i could be wrong on this point ____________________________ Alternative: If 3 only went to the 1:1 extension then i would treat this as a leading diagonal and still expect another push up ____________________________ Note: This is EOS/ETH but there shouldn't be too much of a difference between this and EOS/BTC
Long
by NotGemini
Eur/Nzd EN has broken out of consolidation and is moving down strong. Considering a lot of things, this is my projected path for it to make. I posted that buy (which turned out to be barely a scalp if you held as long as I did). I have been anticipating one last possible romp upward. At this point, considering the overall pattern and the fib extensions I think it is ready to come down. Like I said, it is breaking out on the daily. It will have the major trend line to contend with but I would anticipate a flag consolidation or further downside. I will post a short video on EN and GU on my channel and show you what I mean.
Short
by thillygoosth
Possible Impulse Wave (3)This is an update for my previous post here: In case wave (2) has been completed and has since moved on to wave (3), here are some areas of resistance for the potential impulse wave. If BTC goes below the 7720 levels, then consider that wave (2) has not fully completed yet or that there is an impulse wave failure. A bearish scenario also remains if BTC goes below the 7240 levels, which was the wave ((2)) low. Please ignore the arbitrary positions of the floating (3), (4), and (5) as they don't represent any price targets.
BITFINEX:BTCUSDLong
by madwarrior
USDCAD Trade Update1 Lot Profit taken off of USDCAD LONG from March 12th @ 1.28385 and closed @ 1.30944 for a +255.9 pip gain. Not a bad haul. Still in with 1 LOT and monitoring price action, which has hit resistance at 1.31 mark corresponding with the 61.8% retracement off of the May 2017 high. Price did breach the most recent Weekly Supply area and I'll be watching how it performs if/when it re-enters here. Trailing stop 50 pips from price. RSI, MACD, and DMI are all printing divergence. I'm anticipating a brief retracement followed by a last Bull push taking out stop order above 1.31, followed by a legitimate correction.
by jrashaadtrades
Descending Triangle - Reversal ImmenentWaves ((1)) and ((2)) (green circle) have completed according to this wave-count. Wave ((3)), an impulse wave, may soon follow. An up-trend is likely if we manage to stay above the wave ((1)) low. Fibonacci extension levels of wave ((1)) reveals areas of resistance on the way up. Note that the third wave is usually the longest and never the shortest in a typical 5 wave impulse. So, a reasonable target for it to reach would be a 1:1 extension for a conservative approach, or a 1.618 extension for a more aggressive target. Still, we should watch out for some other possible scenarios too. Some important ones to take note of include: an extension of the (C) wave, a breakout of the descending triangle, or a continuation of the downtrend below the wave ((1)) low.
BITFINEX:BTCUSDLong
by madwarrior
USDCAD Outlook. Looking for High Probability LONG Re-EntryHaving pocketed +350 pips across several USDCAD lots, I'm waiting for a high-probability set-up to get back in long. For me, that would be a decisive break above current trendline, which was put in place last week as Dollar Bulls pulled profits out of the market. Currently, support is at the 1.28 mark as price action failed to break through the area of supply indicated in the red rectangle. Signals indicating a BUY, but I do not want to jump back in prematurely as the market could easily look for areas of better price demand, especially within the dark gold retracement area I've marked on the chart.
by jrashaadtrades
USDCAD LONG +140 Pips in ProfitUpdate from USDCAD LONG, which I wrote about here . I was anticipating a break above the trendline which took place on the 13th. Price action has pushed through the 50.0% retracement level from the May-September bearish swing. My target is @ 1.31290, which corresponds closely to the 61.8% Fib level, which is also the 1.618% extension off the January 31st low. Also worth mentioning is the significant shift in trader sentiment as retail traders are now net short at almost 3:1.
Long
by jrashaadtrades
AUDUSD Update From Yesterday's CallI said, here , to pay attention to those wicks, didn't I? Well, price action was unable to break up through the Fib Confluence zone and broke below the trendline. Price is now in discussion with 50.0% Fib Retracement level. I went short @ 0.78567, currently up +43.1 pips. A definitive break below the Demand Zone & the 61.8% level will solidify the trend change. I'll be keeping an eye on price progression next week. Alternatively, price could find support around that Demand area, putting in what could potentially be the right shoulder of a H&S pattern.
Short
by jrashaadtrades
USDCHF LONG. Still in profit, looking to add a few lots.My USDCHF LONG from 02.26.18 is panning out well as I'm sitting on +90 pips at the time of this writing. Ended last week with a Spinning Top on Friday, March 9, after breaking through the previous supply zone. That zone is now being retested and if if holds will become demand. Price is currently stalling around the 0.947 mark, which was also the HIGH for February. I'm currently ~60 or so pips from my take profit zone (Green Fib Ext Rectangle). If price breaks above last weeks high I'm looking to add an additional lot or two, bank profit on the current LONG and set my stops to break even. One technical thing to keep in mind is that price could easily retrace to the bottom of the channel, which would also correspond to the Retracement Zone from the February low to the high last Friday. If that occurs, as per my custom I'll draw in a trendline in anticipation of a break above it. All of this depends, however, on how the Dollar performs against the majors. As I mentioned in my posts on the Dollar Index from last week, we've yet to have a trend change so all USD longs are are susceptible at the moment.
Long
by jrashaadtrades
DGDBTC - Possible 25% gainer with more potentialDGD is a coin that has designated itself as the stable coin of the crypto world, its use similar to precious metals in a bear market. Viewing the chart on the 6 hour chart, we can see through VPVR that there is good support around the high .020s region, protecting DGDBTC from breaking out of its trend channel. However, what's also seen is its resistance levels above it around the 0 level Fibonacci extension. MACD is very bearish, while RSI is starting to trend up but has not made a convincing strike up. On the 2 hour chart, the 48EMA is about to cross under the 100EMA, DGDBTC is stretched far out of the Bollinger bands, RSI/MACD aren't looking so great either. However, it's wicked up from the -.236 Fib extension, making a double bottom on a support level. It also has not broken the Fibonacci speed resistance fan's .382 level. We may see a reversal now, but due to its the indicators I believe that the best option would be to make orders in down to the bottom of the trend channel, with a stop loss near the -.382 Fib extension level. It may also be wise to take profit at levels before the target.
DLong
by NeoButane
ENJBTC - Impending bounce off the .618 or .768 fib extThanks to a mate for this tip! FA wise, I'm super bullish on ENJ. Safe Entry: Above the -.618 with a candle close confirmation of a reversal. Stop loss: below previously defined support Target: .618 as it is traditionally a hard to break resistance. RSI 30, oversold MACD just about to crossover. No confirmation yet! My customized settings stop false flags more often than the regular MACD indicator. Chande Momentum indicator shows a very strong bearish movement. I strongly believe this is the perfect entry: a further breakdown of price will hit a stop loss and ENJBTC can be bought in the future. Hitting lower levels is very possible at this rate so I would suggest staggering your entries. Black dashed lines indicate previous lows, where we could be headed. Be safe out there! Happy trails!
by NeoButane
1