Are we aiming to test the 50 MA? Trend Continuation ETH is currently pulling back into support which coincides with the 50 MA. The 50 MA has been acting brilliantly as support.
As further confluence we have a 61.8% fib retracement within this zone and good support. This is looking like a great entry for trend continuation.
Fibnoacci
Update OAX/BTCAs everyone knows the crypto markets are a bit different about the normal market and when fundamentals of bitcoin brings money into BTC,1st step that the altcoins are doing is to lower their value acording to btc,we expect that in next 2-3 weeks the income of capital that came into bitcoin to be moved in alt coins,we should take in consideration that OpenANX is listed in binance and 80% of its volume is done by binance traders who showed us last night a big interest in OpenANX,as of techical analisys this could be the wave 3 up,traders can book some around 5000 satoshi and wait to book more around 4700 satoshi.
BCHSV Possible Bounce AreaThis is just a small post if you want to know when to start looking for possible entries.
Of course, because of the lag of data, there is not much we can do here.
Therefore, this would be a high-risk trade.
However, I think we could see some sort of reaction of the green area.
Bitcoin Important Updates. We're still in Blood Zone.Please note below important points and levels
Used Fibnocci to check levels for 61.8
Important support zones : 8200 & 7737 if broken we are down
to feb and april bottom
Important resistance level 9730 if we cross this, we can
take a deep breath and sense start of bullish trend.
Above 7737 we are in safe zone... but danger zone.
If you liked by analysis, dont forget to smash the like button.
Thanks
Zia
my idea on BTCUSDhello again!
i would like to share to you my simple idea on BTCUSD.
From the 4hr graph, we see that they have just tested the $9500 resistance level, if still fails, expect it to fall to around $9000 levels.
If it breaks that resistance, expect it to go up till around $10K!
Black lines are support
Red lines are resistance
also, the RSI levels still isn't too high yet, meaning that there's still a possibility for BTCUSD to rise.
Disclaimer: this is not a financial advice.
Goodluck!
Bull season incoming! :D
Gold, The Ending Diagonal Followed By DestructionWe are currently in a larger scale wave B, which is coming to an end. Although the most likely target is highlighted, wave 5 could extend beyond the trend lines up to the higher target line. The waves here have a 3/3/3/3/3 structure as opposed to a 5/3/5/3/5 structure seen in general impulse waves.
AUD-CAD (daily): Bigger Picture AnalysisHi Freedom-Traders,
I wanted to share with you my bigger picture analysis on the AUD-CAD daily chart for a high probability trading idea.
If you find this analysis useful, hit the thumbs up botton to support my work. Thank you.
The edge in this trading opportunity does not only come from the confirmed bearish cypher pattern. It is also backed up by a fibonacci confluence zone located around the level of entry (->chart).
But this is not all...
An advanced timecycle study shows also the harmonic time cycle working in this forex pair.
Conclusion:
In my view the AUD-CAD should be on next weeks watchlist of every harmonic pattern/ freedom trader.
Feel free to follow this idea as I am updating it on a regular basis.
Happy Trading!
GBPNZD Long Idea Price has strongly broken above 1.71500 and has currently held very well. We can also see a bullish continuation pattern off the price level of 1.71500.
I will be look for a target of 1.75000 for the up coming week , if we manage to sustain above 1.72000.
We have also had a fairly good bullish close to the day on 20/01/2017 which adds to the long bias. Trying to keep it simple not complicated.
FB Bear HugWe're entering a new option chain cycle that will recalculate my cycles for the Cover-Return monetized Intrinsic price- to mid February. Given the recent prevailing bearish move on market performance the cosmic forces that govern Fib Ratios come into play. (Einstein and Planck came to me a dream last night to show me the equations.) The 144/377 EMA sweet spot is "half complete" since the Fib Ratio between 144/377 EMA hit the 38% for a bounce north.
Short term Long Call/Short Put Strangle (3 legs out with comparable premiums and neutral Delta) I'll hold open for first 15 days into Feb Option Chain.
Price ought to hit 100.62 - 34 EMA (Red with Red Arrow). Right around there I'll close my option positions - and reverse the strategy for a drop to the 377 EMA at 85.17.
YHOO is currently showing renewed strength with a revised deal with BABA (do a comparison with YHOO, APPL, MSFT on the Day chart. (Up until a week ago, I figured YHOO was headed for the auction block.
I'm thinking of starting to use a 3D Printer to configure the chart into a "globe" to use a latitude/longitude navigational rhumb line calculation.