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Goldenratio

GBPAUD : LONG TRADE IDEA (150 PIPS REWARD)GBPAUD is looking bullish as buyers are strongly holding the 61.8% fibonacci level, Hopefully bullish sentiment continues with this momentum and drive price upwards towards 1.95900 level(TP level). Price could find its way back to 1.97500 in coming days maybe. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Long
by Tim298
Bitcoin : The beauty of Golden ratioHello fellas, welcome to the another day of the uncertainty and flatness for bitcoin. As a mother of all cryptocurrency, it's very tense that the price is moving with a lot of uncertainty and doubt. Now, I want to acknowledge you all with my current bitcoin bias which is very important. First of all, I want to explain about the golden pocket. The golden pocket is the area between the .618 -.65 on fibonacci retracement. And the .618 itself is also called golden ratio, It appears many times in geometry, art, architecture and other areas including trading. Whenever the price is touching this golden ratio zone, you must respect it as a major support or resistance because that's how trading work. You can't go against this golden ratio otherwise you'll keep losing. On the chart attached, we can see that on current down trend moves, there are 3 impulses moves and 3 corrective moves. On every impulse moves, I give the series of swing high and swing low, This labeled point is where I connect the fibonacci retracement to measure the corrective wave target. And on the 1st and the 2nd corrective waves, the top of corrective waves end up with a wick at these golden pocket range! is that a coincident? very interesting! Now, I want to show you at the 3rd series of impulse and corrective waves, It's where we are right now. The golden pocket zone is above the white resistance trend line. But, current price action shows us there are a lot of uncertainty and fear which make the bulls losing momentum slowly. The corrective waves 3 is trending slightly below 0.5 fibonacci retracement level. But, there is still opportunity for the price to have a spike to golden pocket zone although relatively small. The consequence if the price fails to break this 0.5 fib levels as resistance, we might see a horrific down trend moves and potential lower low. This is simply because we see the bear are in complete control over the market with the momentum of correction wave is diminishing from .618 to .5 fibonacci level. I just can say, stay away from bitcoin right now. Longing at resistance is not a good idea, but shorting without the confirmation of lower L and lower H clearly is not wise. Although I'm on bearish sight, I'm still lack of confidence to open any position right now.
BITFINEX:BTCUSDEducation
by julio24albert
1
Trading set up for bitcoinHello fellas, happy weekend to all of you. Once again, our analysis has came true and we can see that in the last few hours the price of bitcoin has going down of more than 3% and it is now testing the current phenomenal support around the golden pocket zone . If the price can break down of current support, I will open a short position with current set up applied on above chart. Risking for around 4% loss and targeting the huge 14% of going down will produce a perfect risk to reward ratio around 3.62 . This RR is pretty acceptable with high probability set up.
BITFINEX:BTCUSDShort
by julio24albert
A peek into the pastMATICBTC neatly moved in a Fibonacci Channel and fell down to 100% bottom of that channel. Two detectors predicted the top Golden Ratio Top Detector (UO_GRFM) Mayer Multiple Golden Ratio Top Detector also showed the potential bottom correctly. Future? As long as it coasts above SMA350/6h, I will consider it a bullish opportunity and keep collecting. Also note that is about to jump to an upper Fibonacci channel(78.60%) from 100% channel-- very bullish if this happens
MEducation
by umur.ozkul
ORBEX: DXY Looking Impulsively Bearish After Golden RetracementThe US Index correction up to the 61.80% Fibonacci retracement of minor waves 1-3 missed the 98.66 low of wave 1. This means that the current structure can be still considered impulsive. With bears pushing prices down sharply, the chances of reaching fresh lows for the completion of minor wave 5 are increasing. This scenario could be validated below minor 3's low at 97.10. Should that be the case, the index could extend its losses anywhere down between 95.50 and 96.34! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
TVC:DXY
by Orbex
Bitcoin: orange coin at orange lineFor our first post, we're keeping it simple and taking a look at BTCUSDT on the weekly chart. Technically, we are very bullish on the 'orange coin' due to Market Structure & Fibonacci levels. Orange line 1 The huge run-up we had in 2019- creating higher highs and higher lows (on lower timeframes), topped right at the first 'orange line' at $13970. This is the Fibonacci 61.8% retracement level of the prior 2 pivot points (2017 December swing high, down to the 2018 December swing low). The 'Shooting Star' Candlestick Pattern printed in June was accompanied with climactic selling volume- a bearish combination. But, based on effort vs result- the reaction would be considered weak. Orange line 2 What followed since the 2019 climax high, was the slow corrective move pushing Bitcoin back down to the next 'orange line' around $7270. This is the Fibonacci 61.8% retracement level from the swing low ($3150) to the yearly swing high ($13970). We didn't quite reach the level, but the very high volume reaction indicates possible front running. We anticipate this yearly 'Higher Low' to hold, and predict breaking higher out of this internal structure. Our first target before re-evaluation is around $16000. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** Moondrops
Long
by MoondropsApp
BTC | 5 Possible BTC EntriesTraders, all is not lost. Seems like we have experienced the breakdown in the triangle formation from the past few months. That 20% drop in price 2 days ago was well...crypto at its finest. BUT as well all know...opportunities are made in times of turbulence. Listed below are 5 possible re-entry points into BTC: 1. 9478 represents the 0.382 Fibonacci support level we have relied on during the triangle formation. But that was broken through. hard. If prices bounce back through it, look to buy back at that price. 2. 8349 | Prices for the past 3 days have been bouncing off the 200 D SMA. Looks like a good support level for the time being. 3. 7555 | This was the support level felt from June 4 - 10. Large possibility that prices could use this as support once again. 4. 7022 | This level represents the 0.236 Fibonacci support level. Buy here if you believe in the Golden Ratio 5. 5408 | This level represents the worst case scenario of the triangle breakdown. Let me know your thoughts!
BITSTAMP:BTCUSD
by jiamijiang
GOLD - Pull back expected to 1450 - H&SHello Traders, The USD gained a lot of strength early hours this morning during Trumps speech. Trump suggested he was positive on making a deal with China, Japan and the UK after Brexit. GOLD dropped due to decreased demand of safe haven assets. The head and shoulders pattern is suggesting a break towards the 61.8% FIB level at roughly 1450. This is also aligned with the previous resistance levels. We will look to go long from 1460-1450. the meeting between Trump and China is in October, if this does not go to plan, safe haven demand could increase. GOLD is in a bull run, therefore we will not be shorting but preparing to buy in the dips. The trend is your friend. If you are new to trading download our FREE beginners trading guide. www.forexstoreau.com Let us know your thoughts below!
TVC:GOLD
by ForexStoreau
2