Fibonacci Circles
About to break downThis is a follow up to my series rise and fall. It reached and interesting point where failing would lead to an almost constant heavy downfall in some days. It can bounce a bit too and fall later, this is just some point of attention. Looks on my related idea for a bigger picture I published some days ago
New Coin ?On request I am doing some analysis on UKGBTC, looks like it is a new coin, there is very little history data, very challenging for a TA analysis. I could not chart properly so this analysis is just some macro perspective. We got two circles one larger from the only once bounce UKGBTC got so far and one inner one from the last leg down, there is no more data than that !
The last leg looks complete but the bigger one is so close it might have more traction power. You can either risk to buy a little bit here with a very short stop loss below the curve, that will give you a very good risk reward ratio or just wait more because the probability is to go the bigger circle
The ever challenging BTSVery fast trade with some "minor" swing. Decided to go this one "just because I can", but on reality I like the challenge to trade it. It is very very much risky but instead of keep this private I like to publish it for everyone to use it or not. Everything on chart, 5% to gain, just 1% stop loss.
Exotic trade +16% 1 day and a half RocketSo you want to take even more risk ? Just found something for you ! For those new on my trades this is a trade with a risk reward, using also a trailing/moving stop and I usually don't put ratios because I think this is something individual to each trade profile. But you need to use stop because it is a very risk trade so one can risk to loose for example 2% to gain 16% and have a ratio of 8. I will use the standard Fibonacci on 0.236 level as a target and to confirm timing and price with the time Fibonacci and Circle Fibonacci as we can see on Chart BTG ended a complete 1.618 Circle Fib and can rebound now !
Return to MEANETH got past it's 1.618 Circle Fibs like there is no support there, just very late it started to fix things and is now going upwards following the curve. Since it is in continuous move, without much swing, it is risky it revert any point on time. To handle this risk you can use a moving stop just 1% below the price action so if goes 3% up and them revert, at least 2% profit you take. I setup this conservative strategy to tackle the return to the MA50 and also the 0.236 standard Fib which is some kind of magnet on reversals hope this play out.
There is just 6% on this conservative trade but who knows it can turn better:
Matrix Reloaded Rocket +22% 2-3 daysNEO is back, looks to good to be true, but it is preparing a Rocket after completing ABCDE correction, as always, things can turn around and break on the opposite, so there is a lot of strategies you can go on here a trigger level on green line, a middle target and the final one all this in about 2-3 days. So you can enter now with a good risk management and good risk reward ratio or wait if it goes to the green line to buy. You can also buy on crossing the MA50 upward.
End for BullsZCLBTC has a double indication it has finished it's bull cycle, can't short, so if you are in might consider closing !
Potential Rocket +32%WAX has fallen an entire 1.618 Fib circle and has a good chance to return to the 0.5 standard Fibonacci (red line). It is currently below the 0.236 Fib (green line) there is too options here: wait for it to go the green line and on break up buy until the red line or buy now with a close stop loss and use risk management in your favor so you can either close at the green line or wait for the red one.
+8% 22H potentialSTRAT has finished an inner 1.618 cycle of Fib circle is looks like have potential to a good rebound in the next 22 hours, targets on chart !
Recover spikeADA is on need for recovery, it's very long bearish trend has not a single spike for a while. My 1.618 Fib circle, one of the strongest, got hit and it's usually respected in the first hit, so a minor spike can happen here. There is other outer 1.618 Fib circle very close, so the probability is not all that good. As always, use risk management to get out quickly and have good risk return ratios.
A rebound or a full reversalXRPBTC is an interesting point because two supports are very close, one of them a very wide one from the top of 2018-01-04, still not touched, but could be some charting imprecise drawing or not. While the inner one is complete, the most conservative prediction is a return to the mean on the inner cycle that is also our 0.236 standard Fibonacci.