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Fibretracement

BTCUSD: Daily MACD Signalling Seller Exhaustion at $8,500As can be seen by the Moving Average Convergence Divergence (MACD), bears have begun signalling exhaustion on the Daily time-frame at current prices, though not yet confirmed with a closing candle. This colorful extrapolations is based on the most recent times the MACD's histogram went below -175 while trading the bear & bull exhaustion cycles, as opposed to the bull and bear crosses with the signal line as the MACD is traditionally used for. The concern is decreasing bullish momentum of each rally (when sellers become exhausted >-175) with the lower highs on the buyer's end of the histogram, as well as other short-term bearish factors. None the less in each occurrence in the past 9 months bear exhaustion has signaled good entries for profitable trades or otherwise break-even trades at worst (such as the yellow and blue recent seller exhaustion). In the background, the 0.5 fib retracements of the $3.2K to $14K as well as $6.4K-$10.5K move line up around $8.5K at current prices. The RSI is otherwise bearish with room to move to oversold conditions, as referenced below. It's time to BTFD again. Worst Case Bear Flag Extrapolation & BTFD Scenario VPVR Part 2: Volume Point of Control Now Turned Support VPVR Part 1: Volume Profile Accumulation Zone $5,910 - $8,630 Network Hash Gives 10th Buy Signal In 9 Years Extrapolating 2014 Correction - Could $6,500 Be The Low? Two & Four Year MA's Claim It's Time To Accumulate
BITSTAMP:BTCUSDLong
by dragononcrypto
ETH can't keep this trend up! Here's why I believe that.The panel on the left shows you an ETH chart, and the one on the right shows you the RSI and volume. RISK: MEDIUM I personally don't see ETH going back up, it wouldn't make much sense for it to keep going up without at least a tiny drawback, considering that it isn't driven by anything in particular to go up, the volume seems to be not corresponding with the current, rapid upwards trend. Leave your opinion on this in the comments and I'll make sure to go through all of them.
BITFINEX:ETHUSD
by tonite
2
Pullback for Bullish Entry?I've been accumulating GBTC since $4.28 and as I was looking for the next dip to buy more I ended up with this setup idea that I decided to publish. It'd be a nice swing trade assuming we get down to the entry, though to be clear, this is not financial advice - I am not even planning on trading this other than accumulating more at the entry of $9.85 (will probably front run of course). That said, if there's something you see here that you can make use of, then awesome! If the GBTC premium stays where it is (which is a horrible assumption BTW), then the entry will be roughly equivalent to $8775 spot and the top-most profit target is around $12.3K.
GLong
by CryptoKick
BTCUSD: Zooming Into The Weekly Chart Doesn't Look GoodUsing the 2100 & 4200 MAs on the 4hr chart (like a weirdo) gives us the 50 & 100 Week MAs on a zoomed in time-frame. Although we already had the bullcross on these Weekly MAs, on a 4hr chart ("in real-time"), we are now seeing the bullish crossover with the price sat underneath it. This follows two weeks of rejection fom the median of the bear channel, continued failure to maintain support above the 0.382 fib retracement (of the $3,100 to $13,850 move), as well as arguably initial rejection from the bull-cross itself that "IRT" occured yesterday. With the volume dropping off and another descending triangle being established , this is enough reason to be bearish right now. Related TA: Could This Descending Triangle Be The Final Fake Out? Measuring The Move of the Descending Triangle Breakdown Descending Triangle On 4hr Chart To Look Out For? Extrapolating 2014 Correction - Could $6,500 Be The Low? Miner Capitulation Or Minor Capitulation? Bitcoin Repeating History: 10 Part TA Series On Repeating Past Patterns Full series with recent updates: bitcointalk.org
BITSTAMP:BTCUSDShort
by dragononcrypto
CRLBF Key Resistance | Trend Reversal? Hello Traders! Today’s chart update will be on CRLBF – CRESCO LABS INC, potential trend reversal if local resistance is broken. Price is building up near resistance, is a break imminent? Points to consider, - Trend bearish, attempting a higher low - Support provided by the EMA’s - Local resistance being tested - Stochastics projected upwards - RSI respecting support line - Bear volume decreasing - VPVR spikes in volume, confluence with Fibonacci Retracement and Extension levels. CRLBF right now is attempting to break local resistance, a key level in the trend, when if broken will confirm a trend reversal as this will put in a local higher low. Support is currently being provided by the EMA’s, there has been a bull cross, price is holding near resistance (build up), this signals strong buy pressure which increases the probability of a breakout. If a breakout was to come to fruition, the technical target will be at structural resistance; this area is of heavy confluence as it is a key technical level. We have the Fibonacci retracement, .50 level; in confluence with the Fibonacci extension level 1.414. A test up to and retracement from structural resistance will put in a healthy higher low for the overall trend. The stochastics is currently projecting upwards; momentum is stored for a breakout. However a rejection from current area will have the stochastics in favour of the bears due to more downside room. The RSI is respecting its trend line, needs to hold for a breakout to come to fruition, it is currently trading in neutral territory, we are not in extreme overbought/sold regions as of yet. Bear volume is visible decreasing, we can see strong bull volume in current level, this signals that buying pressure is greater than selling pressure; bulls have a greater probability of breaking out from here. The VPVR is quite interesting, its cluster of transactions increases near structural resistance. This level is a very good technical target for CRLBF, due to confluences from the Fibonacci Retracement Level .50 and the Fibonacci Extension level 1.414. In other words the more technical confluences within an area, the more significant that area will be once tested. Overall, IMO, CRLBF is probable to reach its technical target due to strong bull volume near resistance. This will allow the stock to put in a higher low, changing the overall market structure… What are your thoughts? Please leave a like and comment, And remember, “Trade What’s Happening…Not What You Think Is Gonna Happen.” – Doug Gregory
OTC:CRLBFLong
by AzizKhanZamani
Altcoin Dominance Bouncing From 0.382 Fib Retracement Bouncing from 0.382 fib retracement, altcoin dominance has broken above the 200 Week MA (29.65%), RSI now left oversold conditions and MACD about to bull cross. "ALT.D" (1-BTC.D+99) needs to close the weekly above the 200 MA to remain bullish, but otherwise the risk/reward is there for a trade to the 0.5 fib retracement (49.95%) and resistance level. This would be a trade on the monthly scale on the left with the price bouncing back from the 20 MA to the 50 Month MA. Related altcoin dominance/market analysis... Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming? Altcoins Bouncing From 200 Week MA after TD Sequential 9
CRYPTOCAP:BTC.DLong
by dragononcrypto
SPX Bearish BAT near 0.786 Fib Retrace: Rollover Imminent?Pretty compelling graphic; the 1.621 BD resonance strongly suggests imminent rollover. This pattern has been long in developing and bulls are reluctant to give up gains. I expected retest of TL at 3010; got to 3003 on Tuesday and fell back to the 0.786 Fib line. Still can have a washout top to test that TL, might get bullish Friday. This feels like an extended, exaggerated B wave in an ABC, although it has dragged on for so long it seemed as if it would just keep grinding along in a flat. See my related post on DJIA. That one already overshot the 1.618 harmonic, relatively greater strength in Dow Index carried it above the resonance projection. Sudden enthusiasm over ERs or global good news could easily break this pattern and send prices to test the ATH. This harmonic pattern does favor R/R for shorting. I've been fooled twice by this whipsaw and stoplossed both last week and again yesterday but pattern does appear to be nearing completion. This is not investment advice; just another crackpot idea; trade at your own risk; GLTA!
TVC:SPXShort
by DaddySawbucks
5
CAD/JPY Fundamental : Canadian are having an election October 21 that could lead to a weak dollar and Japan have just close a trade agreement with United states that will surely advantage the yen. Technical : I'am seeing a huge short opportunity on the CAD/JPY pair, I have use the Fib Channel to determine that the short therm uptrend could revers and follow the long therm trend. I've personally enter this position at 81.800 (blue line) where the trend line and the 150 EMA have joint, I haven't put a stop loss but I've put alert 10, 20 and 30 pips higher to make sure that the downtrend is not broke. One of my take profit is 250 pips lower that I think will be touch in the next to days where the Level 0.618 of Fib Retracement cross the 0.236 line of the Fib Channel Remember, before investing, you should always make your own opinion, this analysis is only my personal point of view and is not a investissent advice.
Short
by Le_Joseph_LHeureux
1
Bitcoin XBTEUR Kraken - Short term S and L clusters *Previous chart (), with exact same data had strange problems, where some values are double or not visible ) A short term outlook for XBTEUR ( Bitcoin ). Pale pink boxes show are Fibonacci price extensions looking for possible support if move is to south. Green'ish boxes are Fibonacci price extensions looking for possible resistances when moving upward. Fib retracement is a pale grey on the background (number are on the right side) I have not added Fib time zones so I am only looking at horizontal S and R. Possible slowdown at 8722, if smashed, next interesting cluster sits at 8859 (pale blue arrow)
Long
by alskdj
Bitcoin Just Can't Stop Breaking Out - BITCOIN! (BTC)Hello Friends, Traders, Everyone... In our last analysis, I called for a first target @ $9100, and a second for a test of $10k. Soon after, we had a strong bounce from the fib channel support, a move which seems to have taken a slight pause here just shy of the first target - there are a lot of Fib extensions currently in play, it can be argued that target 1 has probably, at this point, been hit. We have just exactly touched the 127% level from the second highlighted impulse wave on my previous chart, and though I still think easily $9100 will be hit soon, taking profits here is of course, not the wrong answer. So, now to today. I wanted to see if I could help explain why we seem to have paused here, and it didn't take very long for Fib to help uncover the culprit. It seems that, Bitcoin currently rests JUST under the 0.5 FSRF resistance, having violated it already, this resistance is still somewhat intact. This fan, namely the 0.618 level, was also responsible for the retracement we had around the first test of $7k just weeks ago. Now, traditionally the 50% fib level is not too strong of a support/resistance line, and I expect for sure we will at least push through this resistance before we run into the 0.382, which happens to be just over $10K - or past our macro 162% ext target of a 10K test. Here, I will plan on a push through as btc seems as strong as it literally has ever been (including the 2017 bullrun) and that push towards 10K. Make no mistake, that's pretty likely. The resistance from the fib uptrend channels drawn from years of price action, is much higher, and as far as Fib Channels are concerned, we're in the middle of wide open ground right now, nothing in the way until upwards of $12K. So I would assume that, Bitcoin will look for another resistance near $10k. Because we are currently pausing at the .5 fan level, I'd guess will go for that next .382 level, which would give some resistance at around $10.2k - $10.4k area. Now, that's the most likely scenario in my eyes. Alternatively, if this resistance proves to be enough to trigger a retracement from $8800, do not be shocked by another test of $7900 - $8100. I deleted it for reasons of clutter, but that area is roughly the 62% - 79% retracement level for the current impulse wave. Now, we have to retrace at some point. This is normally where I would start advising extreme caution to avoid maybe, a larger retracement from a macro perspective, or even one from the entire last 2 months, if that could be considered one single impulse wave. Now because, on many lower time frames, we have had numerous retracements, some quite large (flash dump from the 17th anyone?) I would say, the risk of this happening is low. That of course, is no reason to just run around commando with no stop loss. So to summarize, I have taken some more profits here counting this as target 1. Hey, sometimes we overshoot :) No harm in securing profits. Now, onwards towards low $10k area, or a retrace that probably would bounce off $8k, and there we can reevaluate. Good luck, traders! Previous Analyses:
BITSTAMP:BTCUSDLong
by vox-populi
eurjpy short setupeurjpy is in a descending channel consisting of lower highs and lower lows. Price seems to have reached its first resistance zone. Resistance zone was previous support from past data and has now been broken and turned into a newly formed resistance which adds to the continuation of the descending channel. on top of that, price was in alignment with the fib retracement of 0.5 from previous lower high so that also indicates that price will drive lower. Waiting for breakout of the trendline on lower timeframes to enter.
Short
by chiefcapitalfx
USD/MXNCould we see price continue up on as detected on daily or could price reverse and make its way down. We are at a good level right now, i have a kumo breakout and a reliable chikou span confirmation that this will go up on the daily. We are on the hourly right now and we can see price at a 0.236 retracement level so price could bounce up on continue down (watch for retest on the inside if this is the case). Furthermore on the daily we can see a buy at a good level as it is off the support trend line (up trend)
by sammaxking123