AMZN fail. Golden pocket breakdown.AMZN stop loss broke... However, if your a trader, 9 times out of 10, you have to take that trade.
Goldenratio
"LONG" USD Falling Wedge Pattern!!I believe we are in a falling wedge pattern which could potentially take us to 6.42 and coincides with the fib retracement( GOLDEN POCKET) between 0.618 and 0.65, the 200MA marks the end of the wedge and could be considered as strong support for this move upwards. Also there is strong hidden bullish divergence on MACD & RSI ...
- Ofcourse we must not disregard a few negatives which are that we have just had a death cross with the 50MA crossing the 100MA downwards.
I would love to hear your thoughts about this analysis, as i am always trying to learn and gain experince using different techniques!!
I am not trading this Trade nor do i advise on using it, this is purely educational purpose only.
Thank you.
Pusudaki Kurt... ZCASH - ZECBTC - WolfewaveAlim için 0.017600'lü seviyeler beklenmekte...
Hedef 1 ve 4 no.lu noktalarin kesisimi olan çizgi...
Bitcoin Bearish but not breaking 6000 support If we keep getting lower highs and neutral lows , It is likely/plausible that we might develop a bullish bias
as long as we hold the 6k support line , its looking good gents
if the 6k support line is broken we should continue a bearish bias/trend for a few more months more unfortunately
Sell NZDCHFTrend continuation. I believe the bullish pullback is over and the long term downtrend should resume shortly. We are currently sitting at the golden Fibonacci ratio and the price is located towards the top of the pullback channel. We can see price testing the top of the channel more than 4 times indicating the buyers are getting exhausted and sellers are very likely to take over.
The fundamentals are also aligned with our technical view of this pair:
The most recent economic release with the greatest impact for NZD was the NZ Quartely CPI, which took place on January 24, 2018 at 9:45pm GMT. The Deviation for the NZ Quartely CPI is 0.3% and the Forecast at the time was 0.4%. The actual figure came in at 0.1%, which was a negative surprise for NZD
The franc also trades as a more stable alternative to the dollar, euro or British pound in times of turbulence and uncertainty. While there are really not enough francs in circulation to use it as an alternative to these currencies, traders and speculators nevertheless seem to prefer the franc when conditions get dicey in other economies. With all the uncertainty with the euro and pound recently with the pound and euro I am expecting volume to increase in the swiss franc which might push the currency higher.
GBP/USD Short Setup- Breakout of parallel channel
- Confluence: 61.8 fibonacci level rejection on H4 which happens to be my H4 resistance level (1.3210)
- EMAs crossover with price action below supporting bearish bias
- Bearish sentiment on sterling with uncertainty looming over brexit
- Price seems to be heading back towards the 1.3000 psychological level
- 60 pips target with 30 pips stop
(2D) The eventual right shoulder $eurusdOANDA:EURUSD
Now threatening previous structure resistance, it's also the bullish alt bat pattern default first target, the 38% fib retracement.
The inverted head and shoulders default projection will put the price at previous structure support forged last March 1st, positioned at 1.2164.
The bearish deep crab pattern positioned at 161.8% extension on hold at 1.21, at confluence with the golden ratio at 61.8% fib retracement and also at left shoulder highs from September 8th 2017 to form the so expected and eventual right shoulder.
Trading below the head and shoulders neck zone will increase the probability to trade lower, and trading below the inverted shoulders, as previous support, will also increase the probability to retest the previous support, the bottom, or even lower.
Safe Trades;
XRP likely to see more profit-taking this weekPrice broke lower bearish trend line resistance and rallied higher last week. The upside target for the breakout (marked with black arrows) hit and found selling interest, or likely profit-taking near the objective. Selling interest also came in as the next upper red bearish trend line was tested.
Price is slipping lower and is likely to test the red 61.8% Fibonacci level (.4695) as support this week. Indicators show this level holding if tested, but if momentum starts to switch back to the bears while price approaches the golden ratio, look for a drop all the way back to the breakout point or support 2.
Weekly S/R
Critical Resistance: $0.7972
Key Resistance: $0.6125
Key Support: $0.4695
Critical Support: $0.3171
XRP is in a decision of indecisionFor XRPUSD look for consolidation between .50 and .60 and wait for a break either way... maybe above the top red trend line or the red 61.8% level to the downside.
Buy stops likely placed above the red trend line or sell stops placed with a 61.8% Fibonacci break to the downside.
Nice bounce on golden ratioThe head and shoulders didn't workout completely followed by a rise in price over de last days because course was following a rising wedge. Course is coming down and following my exception in two stages being a correction wave, ABC. Still very choppy and hard to make a sound TA. I remain bearish because our bigger picture is a falling wedge till beginning 2019.
Save trades.
TRX is a frog preparing to leap, will we create a new bottom?It seems to me that we may see some action around the 3rd, after we see the dip in the current Elliott wave of this cycle. I am a designer, and I have created a diamond diagonal grid pattern based on common angles of rise and fall.
TRX is a frog preparing to leap, will we create a new (higher) bottom after the surge settles? I certainly hope so- and I have reason to believe that this will be the case increasingly given the current and coming partnerships.
Be safe!
Not financial advice.
GBPNZD (Butterfly Pattern) - 4h ChartBullish Butterfly Pattern
- A-B must touch 0.786, but cannot exceed X
- B-C touches 0.382, but sometimes goes further (does not exceed A)
- ABCD formation. D has to reach outside X and touch 1.272 or 1.618
- First TP at 0.618 (Fibo D-A)
- Second TP at 0.382 (Fibo D-A)
- Third TP back to where it all started at top
Left Leg:
We can see an ABCD pattern been completed inside left leg
- 4 clear points
- consolidation between B and C
- clear resistance at point D for bearish movement
Right Leg:
After ABCD pattern there was a bullish impulse for point C of Butterfly Pattern, this iniciated a bearish Elliott Impulse
- 5 clear points
- 1 and 4 don't overlap
- 0-1 same distance as 4-5
At this point point 5 gave us D completion at 1.618 for bullish movement, but there has to be some type of consolidation at this area after so much movement, trade well and look for bullish entries.
Good Trading. - 4h Chart
IOTX targets using FIB extensionsA break above 598 will trigger these targets
Target 1: 690
Target 2: 804
$ELF BTC - beautiful falling wedge - 100%++ at 1:26 risk/rewardGood day traders
I hesitated putting this idea up because at the moment, BTC might see support and rebound or it might just slip right through the triangle support and head towards the 4800 range. With that being an unknown, I normally would recommend a trade like this after the signal from BTC but with such a short stop at the moment, It’s a low enough risk trade that I feel confident about sharing
Firstly, let’s look at the daily, we have a first wave that did 320%. Three hundred percent (insert jaw drop emoji here)!!! I don’t know many coin that did that much during their first push after the recovery from CME fall.
Secondly, that push was eventually followed by a second wave correction that should end either today or tomorrow at or near the 100D MA.
Third, back to the main 4H chart, we see that there’s a beautiful falling wedge which should terminate just between the .618 and .65 fib retracement levels. With the 100D MA right at the golden fib zone between .618 and .65, chances are high we'll get a bounce.
With those 3 things in play, if the crypto gods are willing, and if the stars align tonight, AND AND AND IF we see bullish momentum from BTC, we’ll likely see ELF bouncing from this descending wedge support to exit the wedge and make its way towards the first target at 19500, then on to 26000. We should expect more out of this push, but how far will depend on how these first few waves move. We'll re-estimate after we get the 1-2 push. I will likely update this idea or make a new one by then.
The wonderful thing about this trade is the ridiculous short stop. We’ll be stopping at roughly 11750 because if we get to that price, our wedge would likely be invalidated.
Entries: between .00012100 and .00012600
Stop below .00011750
Target: .000255, take half profit at .00019, and spread the rest all the way up to .000255
If you are the better safe than sorry type, wait for a signal from BTC or wait til we break out of the wedge for entry. Your stop and targets would be the same.
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
BTC almost at ideal support: 0.618 fib + big support levelThe .618 fib level is known as the golden ratio, a place where usually a lot of buyers will be stepping in.
This .618 fib level of the last run up is at ~7800 USD. Also a big support level ~7600 USD.
Depending on the price action at these levels this could be a good opportunity to build a long position.
AUDUSD (2618 and ABCs) - Daily Chart2618 Setup
- double floor
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Flooe + 0.618 = 2618
There's a perfect support and retest for that double floor that gave us this bullish impulse towards -0.618, at this point a major retracement is needed for further bullish movement, ABCs gave us that by consolidating and reaching 0.786 for major retracement.
MACD shows lower low expecting bullish impulse.
Good Trading. - Daily Chart
XVG done correctingVerge has tipped the golden correction ratio from the Elliott wave structure it was in.
It bounced back up and managed to get out of the downward channel and it showing bullish signs for the next uptrend/Elliott wave structure.
Lot of FUD but nothing to worry about ;)
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
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Litecoin... almost thereLitecoin is at a critical pivot I have been highlighting for a long time in several posts. The 'golden ratio' of .618 Fibonacci resistance which LTC is currently teetering around (now a few dollars below). We need to see a solid extension above this level, which equates to about 163, to establish a firmly bullish perspective going forward as far as technical analysis is concerned. The importance of Fibonnaci levels is critical and this is shown with 11 elliptical circles showing where Fibonnaci levels have served as support/ resistance. Recent bullish development include:
1) A reversal in volume patterns with respect to price indicated by the upward sloping green line which is preceded by 4 or 5 downward sloping magenta ones.
2) Positive RSI developments indicated with a white dashed line.
3) Failure of the 'death-cross' to occur which happens when the 50-day movilng average dips below the 200. LTC is also above both of these moving averages.
4) Bullish MACD crossover visible at the bottom.
At the time of writing RSI is indicating LTC is a bit overbought and may pull back a bit but I doubt this would be the start of a large drop. If you find this info useful please give a like, criticisms welcome.
