Get started

Fibonnacci

LTC Fibonnacci Trend Analysis Dear all, for context please note that you are looking at a chart which uses candlesticks in the 4-hour time frame whose whole scope is roughly 2 months. We can see from the most current bullish trend which started on Feb. 6 and continued until Feb. 20 that Fibonnacci support and resistance levels are highly effective in identifying price movement and potential buy/ sell levels in the short term as they have acted as support/ resistance nearly 5 times in 11 days. Another consistent trend we have seen is a failure for LTC to break above the 50 day simple moving average. At the time of writing we are hovering around the .618 Fibonnacci level and I will be entering a tight sell stop here. Though volume has been moderately encouraging in the latest price increase it is not sufficient for me to be bullish thus I am neutral. A break above the 50 day SMA will be a catalyst for bullishness in my opinion. Without a break above 50 MA I envision a continous decline within the shaded price channel with the low 100s a possibility at which I will be an aggressive buyer.
BITFINEX:LTCUSD
by TNasr
>> 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
Short
by DACapitalTrading
BTC/USD Long Position IF we see impulsive action upwardThe play for the BTCUSD pairing is for a long entry to be made if we see a wave I upward that moves in an impulsive manner. The entry would be around $9300 (which is where the proposed wave II would be) with a stop-loss slightly above the recent low in the $9000 area. The reason the stop-loss would be put above the low of the move is that if we do see impulsive action upward, then a retracement of 100% for the wave II would indicate that according to Elliott wave rules that it is a failed motive wave and implies that there is more bearish downward selling pressure and therefore a likely further retracement in store for bitcoin in the immediate future. As always, taking profit on the way up is advisable and reloading on a position at a wave IV area (as is diagrammed on the chart) to ride up for the subsequent 5th wave can occur as well. The first target for this play is at $9700-$9800, the second target is at $10200-$10250 and a third more bullish target is in the $10350-$10500 area. In addition, exercise caution in the market by playing with position sizes that are not over-exposing you in the space, as recently the market has been somewhat unpredictable. Short-term: Neutral/bullish Medium-term: Bullish Long-term: Bullish.
COINBASE:BTCUSDLong
by CryptoChris17
USD/CHFUchf obviously in a down trend. However, It is at a pitchfork as we speak as well as 1.27 extension to its leg. Obviously, or at least it should be obvious to you, you shouldn't try to make a living at trying to catch reversals, safest to wait for price to actually go, then pull back, which takes time. I personally will take some shots on things like these, but carefully. However, with NFP tomorrow I certainly will not be buying it now.... But here is my point, If it did pull up from here, an obvious target would be the 23 percent (yellow), but if it doesn't, looking at the measurements, I would recommend looking to catch the 23-38% retracement of the length of this wave up from that next zone that I highlighted. I will not be at my desk tomorrow and quite frankly could give a crap what these charts do, I will catch the flags next week. Just showing you my markup. I would not be surprised if UCHF did retrace that 23% to that level and went down to that next zone completing a 5 wave so if you see a spike tomorrow, when the dust settles you may have a buy opportunity from this fork for retracement.... Or a sell if you got the experience. I was looking for this to come up off the 618 or 786, but now we look to be in a downtrend. Keep in mind higher probability trading mid week next week than tomorrow morning. NFP you really need to wait and be patient, watch a few different pairs of the same currency and let them create ranges and tell you which way they will go. You trade for a continuation, not the knee jerk. I could also give a crap what the fundamentals say at this point where stuff is at. If Chfjpy drops, which is possible (no confirmation) (on anything right now keep that in mind), this could move up with force, but safer to just wait for the dollar to actually make some kind of actual wave pattern. regardless, I been killing it. Next week there will be less risky setups, there always is. But I have nailed a lot of good entries on news waiting for a candle to extend out of a pitchfork like that with tight stop and went the other way, but you gotta know what you are doing.
by thillygoosth
Bitcoin further downslide Fibonnacci is drawn from 0 to wave 3 if it breaks the 9250 level, than we might see further downside. which is level 0.886 on fibonacci if the 9250 level breaks, 0.886 on fibonacci and we continue to the downside, we may se a retracement to 10100. which is level 0.786 on the fibonacci. if the wave 3 is completed on level 1, fibonacci if the price will complete wave 5. Level 1.272 on fibonacci a correction will occur to aprox 8700-8900. level 0.886 on fibonacci I could easily see the price slide to 3000. Level 1.386 fibonnacci
BITFINEX:BTCUSDShort
by Fx-AlphaStrats
XLM; Expert view explaining price movement and expectationsIn my previous post, I illustrated a possible trade, which initially started off very bullish, yet turned out to be bearish. A triangle with everything going for it could still go both ways: break out through its resistance, or fall through its support. The second scenario happened; as soon as it broke support, we knew the trade wasn't worth continuing. I'm following up on that post, showing what happened then and since, and what we can reasonably expect going forward. Stay tuned for more interesting stuff and feel free to reach out if any questions! Link to my previous idea (note: I forgot to put the "?" at the end of that title :-) )
by A_Cryptastic_Mind
12
Short Term Long - Symmetrical TriangleNeo has been volatile since the announcement of the announcement and it left many disappointed. It formed a symmetrical triangle as drawn on the chart. In the Short-term, it is bouncing nicely off the the bottom triangle and expect a minimun bounce to the 39-41 area. Typically such a formation will result in a break to the downside, however, we can never know for sure. On the chart are targets for the upside scenario and the by back in case it drops. Good Luck!
BITFINEX:NEOUSDLong
by Liquid_Crypto_Trader
1
EURUSD - Retest of resistanceBelow you'll find an analysis on EURUSD H4 chart. Price on H4 broke the upsloping trendline to the downside. After a retest of the trendline price continued to move lower. Subsequently, price broke through support, found support on 38.2 fib level and is now testing resistance (former support). If price is not able to break through to the upside, more downside potential will follow. Next supports are the 38.2 and 50 fib level and the support at 1.1735. 1.1735 is also the target for the short position. If you have any questions or comments, feel free to post! Happy trading!
Short
by jouke.hartman