Acording to Eliot waves, fib retracement and fib extension. I did the doted corection based on btc time when touching the suport and resistance lines. But if btc continue to go up we might assume that poet and all the alt coins will continue falling to the next support line (which i hope will not happen).
Let me know your thoughts guys.
This is not in any way a financial advice!
Cheers and happy trading!
Fibextensions
CAD/CHF sell/buyI see a huge potential buy coming on CADchf. But see the sell setup it gave and how it never finished out at trendline, 2 touches each side of diagonal. That green line below is the major trend line. Cad news Friday. Also, the 1.618 extension is that turquoise line, So it looks like it wants to got to that area (73.400), and, or, trend line. Then I will be looking for a diagonal/reversal pattern to complete and go the other way, later in the week. I will try to do a quick weekly outlook part 2 this morning and explain a couple pairs. If it pulls up I will not hold, but will get back in when price tells me too. This is a slow crawler, that's why I like it.
Potential H&S Pattern forming on BTC/USDI can see a potential H&S pattern forming in bitcoin USD since 17/02/18? it seems to be forming its neckline on the 0.786 fib from the bottom low of 6,140 to the high of 11,664.
SALT Long-term Prediction and Potential Profit TargetsYou can see SALT starting to breakout its downtrend falling wedge with good volume.
Labeled are some tiered entry and exit points using Fib retracement/extensions.
SALT is a real project with a solid team and an A+ track record. Huge plans this coming month and Q2. The future is looking bright for SALT. This news could skyrocket SALT which appears poised for a big swing up.
This is for educational purposes only and is in no way investment advice of any kind.
1 HR Bullish Deep Crab Pattern Setting Up on UJC point on the pattern failed to break the high>
B Point is at 88.6% on the Fibonacci>
There was a break of the orange trend-line>
Price is retesting the trend-line to continue the bear market>
The A-B-A Fibonacci Extension level - 200% (2) & 361.8% (3.618)>
The A-X-A Fibonacci Extension level - 161.8% (1.618)>
Between the A-B-A 2 & the A-X-A 1.618 will be my buy zone with stop loss below the zone>
Nvidia, cypher pattern? Need for conformation.WIll we se a Cypher pattern?
Need to wait for the conformation.
"1D"
WEED fib bouncingWEED bouncing perfectly off of 38% fib levels at 21$ instead of 50% (24$) like I had predicted last week. No matter, the profit margin could have been bigger but Im quite certain well see a recovery to $29.92 before another selloff before legalization.
Long then short around $30 region
BTCUSD 2H Bearish Fib Continuation15M Chart
Possibly Inverted H&S
1st Sell Stop @ 8800.
1st Take 1/2 Profit @ 8525.
2nd Sell Stop @ 8400.
Take Profit @ 8015.
BEARISH EURUSDWe see here a gartley pattern hitting the 78.6%.
There is a perfect abcd hitting the 78.6% the bc leg is hitting the 1.618%
there is also a three drive to a top pattern marked with blue. leg 3 to 4 expansion, ratio 1.272% is hitting the exact spot of the bc leg of the gartley.
If the 1.2500 - 1.2520 doesnt hold we should see a new top in the EURUSD
GBPJPY: Are we done pushing Higher?In this Analysis of "Sterling vs. Japanese Yen" I found the Fibonacci quite a useful tool, as you may have noticed. I found that the 50% Fibonacci level is quite powerful and after a bounce off this level can indicate further bullish moves as we have seen before. Also the 1.618% Fibonacci if achieved can also add confidence for a bull market. Notice on a 1H time frame we see 2 separate Fibonacci confluences which can easily sway anyone to consider a bull position. The question here lies in whether we will see a major or minor pullback. Perhaps even a rally off the bat. In any case a safe bet could be to buy at a test of the 50% Fibonacci level as indicated in the example. Sterling has been pounding away at making new recent highs, you can assume the strength will continue unless proven otherwise. Pullbacks are inevitable and unforeseen but as they say "Trend Is Your Friend" the only concern should be "where do I get on?"
ETHUSD 2H LONG TRADEPrice closed above ATR red line
Entered long when 2H green candle closed above ATR red line
Take profit shown
Stop loss shown
PM me if you have any questions
I'll be happy to help
USDJPY TRIANGLE BREAKOUTWatching for an entry with Triangle Breakout Short Continuation
Watch macd Blue crossing above Red line = pullback
Watch 15m macd pullback for Short Entry
EOS Still Has a Long Way to Go; Target @ $17EOS has not even completed the five subwaves of wave 3. EOS has just completed subwave 4 and is about to start subwave 5. Subwave 4 is in the shape of a bull flag and is a ABC correction. Since subwave 3 was longer than subwave 1, subwave 5 is likely the same length of subwave 1 and hit $17.
After EOS, completes the five subwaves of wave 3, it will likely correct to the 0.382 Fibonacci Level, which is $14. That gives us a good opportunity to increase our position and prepare for wave 5.
ETHUSD 1H BREAK-HOOK-GOPair is in a current break-hook-go long
Price needs to breakout current swing high
Buy Stop @ 1418.80
Take Profit @ 1634.11
ICON preparing for 5th Wave As with virtually every other coin this week, we've seen a healthy correction with ICX.
The Guideline of Equality is an Elliott Wave guideline (read: not rule) that states that two of the subwaves in a five wave sequence will tend towards equality, meaning they will likely show the same distance/length. This frequently occurs with the 1st and 5th wave. Since we can define 4 of the waves already, we can say with certainty that the 1st wave does not equal the 3rd (as that wave is extended.) Therefore we can probably assume that the last wave will travel about the same distance as the 1st. The green horizontal line marks this measured move.
As we all (should) know, trading is a game of probabilities and we should aim to find opportunities with higher chances of success. To pick one absolute target price is, at least in my mind, a pretty big gamble. So what I like to do is create a target box bound by the measured move stated above with at least one other technical tool. The fib extension line in this case.
One guideline of the fib extension is that if the 3rd wave reaches the 1.0 level of the waves 1-2 extension, then the 5th wave can possibly reach 1.0 of the waves 3-4 extension. The red line shows this level. Using these together creates my target range and if I decide to indeed take profits here, I will ladder my trades within the blue box.
TP: 10700 - 11500 sats
As always, I'm not an expert here and should never be treated as one. These analyses should only be used in comparison with your own TA! Happy trading fam.
Possible big moves coming for NeoscoinNEOSBTC
Neos V3 launch is on the roadmap for 2018 and beta testing has already begun. Interest in this coin is likely to be high in 2018.
If the pattern repeats and we continue the trend we can expect another run up to the 2.618 fib. Get in below the 0.5 (or the 0.382 if you're feeling lucky) if we drop down out of the equilibrium pattern we're currently in.
neos.sh
BTCUSD Fib levels 16243 swing point. This the point where this down trend could turn back to a up trend.
The current trend is down over 10 days.
Exciting times! BCNBTC is on the riseBCNBTC is on the rise after a long slumber. It has broken through the Kumo on the dailies and we can also see a Kumo twist is about to form. Exciting times ahead. OBV is starting to go bullish indicating money flowing into BCNBTC. Also interesting to note that the Fib extension of 34 has actually been honoured. Let's see if BCN will reach and break it's ATH at approximately 200 satoshis. I'm confident it will at some point. There's much room to grow for this privacy-centric coin.
ETCUSD 2H Triangle BreakoutEnter on a 15m break-hook-go of the Triangle Trendline.
Take Profit Long -27.2% @ 46.25
Take Profit Short 100% @ 31.04
CONFLUENCE TRADES LTCUSD 4HConfluence occurs when several technical indicators give the same trade signal.
Price is at 50 sma and in between a black 38.3% to 61.8% fib.
Long take profit range in between 2 fibs at -27.2%
Short take profit range in between 100 sma & a 50% red fib & 127.2% black fib
SYS/BTC Back Above SupportAfter testing support at 2550, SYS has recovered and is in a good position for a possible swing northward. This is a risky play since there is a lot of resistance overhead but at the same time is a good opportunity to get in at support price.
Watch out for turbulence in the 3500-4500 zone but if it breaks out of that area the likely target is 6350.
Stellar about to break bullish flag and flyStellar has been in a flag pattern and has been beating on the resistance level. We are also getting confluence from the RSI on the 2hr chart, which is about to break into the bullish zone again (65+ points). It should break it within the next 2 hours to the upside to complete Wave 5 of this EW pattern.
EW guidelines state that Wave 5 can go up to 1.68 of the fib extension of Wave 1-2 (or all the way up to 2.618,) or can make a 1:1 measured move of Wave 3 (or up to 1.618.) Note that this is not always the case, but more times than not, you can rely on these guidelines.
So, the lower target zone is between 1827 and 1962 sats.
The upper target zone is a little larger: 2190 and 2550 sats.
It is more likely we will reach the lower target zone, because (another guideline) when Wave 3 makes a 1:1 move to Wave 1, which is the case here, then we will (many times) see Wave 5 will move to 1.618 of Wave 1-2's extension. However, you should keep an eye on the charts because every now and then, you might get a special surprise.
side note: The fib extension on the right is the extension of Wave 3-4, the one on the left is Wave 1-2
As always, this is not financial advice and you should use this TA only for comparison. Good luck and happy trading.
