Fibo
Bitcoin/USD - Fractals, fibo, reversals and channels.Whole move from March 18th to today (March 27th) is in fact a fractal of the whole movement between February 6th - March 18th, nearly identical (look on lower scales than 1d). Last time it ended on 78.6% fibo retracement and now we also fell near to that level (especially on Bitstamp ). Two such fractals one after another, one smaller then previous - creating triangles in smaller and bigger scales. Considering large volume during trend reversal attempt February 6th and the fact that price is still moving above linear downtrend line $19.8k - $17k, then sooner or later we should go up from this big triangle.
Moreover downtrend line from ATH 2.69% (linear scale) and local trend line March 5th - March 24th comined together into interesting channel from which we had many fake exits but still coming back - also a good sign.
>> AUDUSD << March 19th >> Short „Breakout“ Setup <<Hey Guys and Welcome,
AUDUSD broke back below previous week price action, we are following „Mid“-term Trend with a good RR.
Price very bearish last week breaking previous H4 Lows forming another Low after breaking out of previous week
small uptrend price channel.
Short: 0.77071
Sl: 0.77547 (45 Pips)
Tp1: 0.76543 (55 Pips)
Tp2: 0.85838 (125 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
The bear market on cryptocurrencies is over?In recent days has been spread news that Google will not allow cryptocurrency advertising of which this news may have been a factor that also caused a collapse in the price of cryptocurrency, now, after that bad news the price in general have recovered but within a downtrend, in time frames of 1 hour, 4 hours and daily the seasonality are still in a totally bearish trend, that means that the price is in a pullback, this is necessary for the downtrend continue down again. in the following chart with a timeframe of 1H I show my technical explanations of why a new projection will be presented downward: steemit.com
LTC/USD - Seeing Nice Move From Yesterdays Dip! Bonus!!LTC update and what my opinion is on the next moves within LTC. Saw a nice dip to just under $160 yesterday, which presented a nice buying opportunity in my opinion.
My general expectation is to see price break the fibo level I mention in the video and price to start making some nice moves up after this dip. Only time will tell.
My expectation of this currcency pairToday i am going to share my opinion with you guys, here is my analysis for GBP/CAD currency pair. There is nice zone at the top of the chart and the price has respected it again, now we are looking for a retracement at 0.382 Fibonacci level.
*** This post is for educational purposes only, i do not recomend any market action ***
XRP/BTC - I'm Still Seeing Downside on this Paring! Short video highlighting why I'm still seeing some downside out of XRP/BTC. At the moment, price action is playing out as i expected and mentioned in my last two videos (see links). My charts are not telling me anything different at the moment, so I'll keep that biases. I mention generally two areas, i think price will move too before heading back up, but only time will tell if that plays out.
Hope you enjoyed... give a like and leave a comment letting me know your thoughts.
2/17 - Video 2/15 link is the related video
Bitcoin 10k accumulation phase.Weekly chart shows us huge impulse (3610 - 19800). Main support level is around 6900-7500 area. We have almost hit 0.38fib level and bounced from MA 200. Now we are going to climb near the trend line to 8681-98633 area. Consolidation here. Then correction impulse to 11724-12800 (december's impulse trendline). After this bitcoin will be in accumulation phase till ~march-april. First target: 33k area.
LTC/USD - Another Boring Video... HAHA!Quick run over what i'm seeing in my charts after this mornings update.
I'm hoping for price action to hold present levels, which is possible given that there are folks probably looking to get in in order to take advantage of the Litecoin Cash fork if it's not a scam!!
However, i do expect to see a retrace I mention in the video.
If you enjoyed.. give me a like and leave me a comment.
LTC/USD - Double Bottom Target Hit - Whats Next?So we hit our target off the double bottom I mentioned in a previous video and it got me thinking what's next. Run through my quick thoughts on what i expect out of price action. Of course, i'll monitor again tomorrow morning and change plans ff needed.
I think the confluence of fib level, I mention in the video are interesting and be curious how price action respects them or doesn't.
I hope you enjoyed the video... give me a like and leave a comment.
XRP/USD - Did We Bottom - Now To The Top?This is a follow up to last nights video on XRP/USD.
We saw price action on XRP push down to a low of .63 today, but was quickly pushed back up to it's current levels of around .90.
The daily candle that played out is telling me that there are buyers below. Based on what i'm seeing price action do on lower time levels, i would not be surprised to see price move down and retest the 200EMA, but at these discount prices, I would expect to see some quick buying action push price back up.
I hope you enjoyed the video, give me a like and leave a comment... good or bad!
BTCUSD - We Got Low Got Low - Is 7K Around Corner?Quick up date this evening BTC and a follow on to my previous video.
Price action has played out as i was expecting and hit my 1st target and giving indication that it wants to move to Target # 2.
I know it's painful to see BTC correct this much but with correct money management dollar cost averaging into positions, I believe these levels are offering up great buying opportunities.
Below is the link to last nights video!
I hope you enjoyed the video, like, share and leave me a comment even if to just say hi. And follow to stay up today with my updates.