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A potential change for EURUSD*All analysis for this was completed on the 4H time frame* Drew my fib levels from HL to HH of the bullish push. The bearish momentum over those past two days from EU seems to possibly be consolidating in the 61.8 fib region of the chart, noticing this allowed me to see the potential bullish Trend line off the 61.8 fib level. However, this could also be a continuation of the bearish swing which I imagine to continue until 1.07600 overall. But this is just an idea put in place if a retrace does occur at this key level.
Long
by niamh-forex
1
Clown Coin (BSV) How can this scam even be allowed to exist? This is just manipulated 100% by futures making money from dumb retail Craig Wright cultists. Market makers are really the only thing keeping this thing alive. The best strategy so far would have been to dollar cost average low leverage shorts, as it's fairly unpredictable when the inevitable dump will happen. However I strongly believe that time is approaching when this joke needs to finally end for good. As relentless as the shills have been, they are running out of things to say that their glorious faketoshi creg sanjay wright will supposedly do in a number of days because he said so in his paid telegram group. Whether Craig himself dumps all his coins or he is as deluded as his followers and CME just simply opens a good old 100x short plus market dump, this could be a good long term or short term short opportunity. Lines up with the BTC halvening which will inevitable draw more attention to bitcoin and away from alts, whether for better or for worse. I think the fib lines on this chart speak for themselves how fake this product is.
BShort
by Etch1234
13
ETH/USD has a lot of clear supports and resistancesIt's time to take a long term look at ETH. This effect can be made using the fib retracement tool and pulling it from the recent bottom to recent high, and applying all common fib levels higher than 1. Interestingly, the ATH would then be at 7.382. As there's been a lot of noise in the market lately, so i thought I'd sit back and take a nice long term look at this one to try to clear up my thoughts. I'm pretty pleased with how this turned out as a lot of the fib levels match up. In more recent times, the two dotted trend lines have been creating a nice triangle. We'll see if that turns into a wedge or just denies these levels. Straight trend lines similar to this one, where it doesn't go through any other candles have not been so reliable for ETH as with other cryptos. That's why I decided to use the fib levels a lot more this time. This chart is not making any predictions. You can use it as a tool to add insight to your own analysis. You can look at some of my previous charts for ETH if you are interested to see more about how my personal view has changed. Please don't forget to leave a like!
KRAKEN:ETHUSD
by Etch1234
NIFTY 50, Head And Shoulder formation is in Process.Hi Guys, The current scenario for NIFTY 50 doesn't look good at all. 1. Let's talk about recent one, you can clearly see that it formed a Bearish Engulfing candle on the weekly chart. 2. There is a Head And Shoulder pattern formation is in the process, which is most likely to complete in December. 3. If you look at the Retracement Levels, You can see that it can't even touch the 50% level which is clearly the sign of weakness. Targets: If it is able to complete the head and shoulder and breaks below 9950 then the key levels to watch for: 1: 9050(Fibonacci Extension level 1) 2: 8000(1.618 extension level)
NSE:NIFTYShort
by aman12
Usd/chfX marks the spot. Just want to point out that the .618 retrace on Uchf is a very strong fib level in reference to price dating WAY back. It is very choppy moving up, at some point we will get a deeper correction. The 78% fib may be an even stronger level, especially if price hits it without a correction first. That will line up with the larger fork. I'm not saying we will get a reversal at the .618, but look for price to at least react to that level. For example, price breaks that level, I will be looking at time of day and at least a sell scalp. Possibly look for a buy setup to that level. These levels are not always about looking to go the other direction but also looking for destination. I will put out videos on my you tube channel, 1 pair at a time, identifying key levels and will better explain what I see in the wave patterns and what to look for price action wise.
by thillygoosth
Ripping through Resistance (XRP)Happy Caturday all. =^.^= I usually like sorting stocks when I wake up by "volume", this let's me see the coins most likely to move throughout the day. Trading in a high volume coin also lets you move in and out of buy/sell orders with ease. Having been personally stuck in a coin with low volume, not being able to activate my stop-loss because no one was buying is frustrating to say the least... Anyhow this is what brought me to Ripple, being currently the highest volume coin(XRPBTC) on Poloniex right now. Let's see whats going on here. Ripple exploded around 40 percent since a few days ago. It not only blasted through the negative trend, but also through the 50 EMA(Pink) and 200 EMA(Blue). The volume behind it was impressive as well. Currently Ripple is still looking good. The Stoch is not diving, and the MACD is still shooting upwards. The candles however are starting to slow down, indicating some buyer exhaustion. So what's the prognosis? -If I had bought XRP earlier and was riding this breakout, I would HODL and set new stop losses: either right below the 0.5 fib line, or right below the 0.382 fib line (yellow stars). This will allow you to capture your profits in case the situation turns sour. Looking back to the recent downtrend, both of these provided decent support before breaking. If these DO break though, i would expect the general downtrend to continue. If they hold, then this breakout could definitely continue. -If you have NO XRP, this is not an ideal place to enter. As I stated earlier, candlesticks are showing some buyer exhaustion, and the Stoch is no longer shooting up. If you are interested in buying, I would enter after a double bounce from either the 0.5 or 0.382 line as discussed. IF these supports can hold, they will provide evidence of a continuing breakout. Last words: I would be Xtra careful with XRP... We have seen it shoot up to insane levels in the past and then come right down. Stay healthy until our next visit! <3 -Doc
by DontWatchDoc
Fib-Confluence Analysis: Two ScenariosBrief analysis I see a sharp bounce from 9222. This low was just shy of the Gartley PRZ near 8700. It has been approaching a possible reaction zone near 13000 and strong resistance near 14000. Price action there will reveal the future course of action. We have strong support at 8700. The traders should turn bearish only below 8700 because then there will be a potential for 4900-5000, which is the Bat PRZ. Till then enjoy the up move. Hope this analysis will help bitcoin traders to develop their plans more efficiently. Do hit like and comment. All the best. Bravo
BITSTAMP:BTCUSD
by Bravetotrade
2