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Fibonacci Arcs

DOTUSDT (polkadot) 28/08/20 Was short, now....not sure?Gah I was too impatient yesterday, should've backed myself! I noticed that all the alts retraced 50% from their highs when they had a major correction, so I had a short running on DOT and a couple others, but canned most of them too early. DOT and THETA were probably the best looking for a short yesterday. Kind of wondering if it'll test the 50% retracement if the 0 mark was moved to the very first break out point. Actually if it did it would look kind of like a mirror image, which bitcoin was doing, and thats probably more of a cooked thought than a charting technique....buuuuut? Fuck it imma go short to 4.93 and put a stop loss around 5.86, more potential downside than up rn so worth it
by w00fs
5
FUN : Upto 80% Profits in the Mid term.#Accumulation_Recomendation Pair : #FUN / #BTC RSI : 48 Note : Fun is still in a downtrend channel which is formed since April and tried to make a reversal move when most of the alt coins showed a good reversal move in mid May. For now it is still not confirmed to be in a bullish trend but if it can hold that area of the 50% fib level we might see a good pump by the following days. MACD and RSI showing a good bullish indication but volume needs to have a good input to see a strong momentum. Further EMA needs to come below the price but in a good direction towards it though. Accumulation Area : 73 sats - 80 sats Distribution Area Short Term: Target 1 : 83 sats Target 2 : 87 sats Target 3 :92 sats Target 4 : 100 sats Target 5 : 107 sats Target 6 : 117 sats Target 7 : 122 sats Target 8 : 131 sats+ Stop Loss : 65 sats Risk : Medium Capital Accumulation : 4%
FLong
by cryptotalk_et
1
GBPAUD - playing with Fib arcsAnd only with micros for this time, just for educational purpose :) I didn't set order yet, will see how it will open on Monday. On small scale, pair was rejected at 0.382 and is heading south. It broke 0.236 arc level, which could be good entry point. SL at 80 pips away should give it enough room to breath, if it won't just flush. Profit taking should be at next arc, but I will for sure take some off the table at T1, which is previous support, 1.272 extension of last drop from high and 0.382 level of the whole rise. Next profit taking is yet to be defined. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Short
by rludvik
BTC/USD support at $7100, $5600, $5000; >$9000 predictionThe ascending speed resistance fan line along with the Fibonacci arc intersect with the 23.60% Fibonacci retracement line, and $btc made a nice pullback if you can see the wick under all the stupid lines I put on the chart. It is possible that the falling wedge is going to break out soon, since the OBV Shadow indicator along with volume show huge sell volume over buy volume. C M Super Guppy EMA lines turning gray provide further evidence for that. Evidence against a reversal now is the slight increase in short positions. Based on a retracement beginning 25 Oct., we should bounce off $5,600. If not... The descending speed resistance fan line intersects with the Fibonacci arc at $5,000. The falling wedge could complete its formation around that area, going for one more dip before rallying. If Bitcoin value drops below $5,000 and does not make a wick and pull back like it did on the 23.60% retracement, I expect the #btc to be bearish/under $7,000 in the next Fibonacci timezone(11 Feb. - 17 Mar.). (The Fibonacci timezone is the blue vertical lines in the background, numbered at the top) Finally, if we do rally from the wedge, the ascending fan line should be about where $btc value will be headed, and we should be staying above $9000.
BITFINEX:BTCUSDLong
by NeoButane