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Goldenratio

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.
BINANCE:TRXUSD
by primroseverglade
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
Long
by DanielParra99
5
$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.*
Long
by Kinashi_San
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
Long
by DanielParra99
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." If you want to donate crypto: L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k E T H : 0x43e36a719c407285ec3c967857d13e9926771b78 X V G : DFT1FpC1d9MBHfFB7M4UPjorQEfJuFQEoh
by richardwittekoek
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.
BITFINEX:LTCUSD
by TNasr
BTC!! breaking out of Wedge before completing the Golden Wave!Happy easter Monday to erbody in Aus! instead of eggs I’ve been hunting the golden ratio. As we can see here we have a nice Fibbonaci trend matching a 5 wave elliot with a WXY correction wave. In the Fibonacci B section I’ve shown the 3,3,3 pattern for you of a WXY correction, but it gets a little small in the d section to map out so you’ll have to trust me. If the waves continue to line up with the Fibonacci date sequence we should see another low on May 5th. However, given the descending wedge building pressure at the end the cycle is going to break up or down. The consensus seems to be down, but I’m not so bearish. Two signals showing reason to go long: 1) in Fib e, waves 2 and 4 close on or above the green trend line, being the average of the 10 close points it acts like a support and resistance for shifting trends. 2) the 3rd correction wave of the series closes above the x trend line. I feel like BTC is our hero, hanging off the edge, And no matter how many times his fingers are trampled on, he doesn't let go. One hand slips, 4 fingers left, now 3, now 2? But we know our protagonist will be saved somehow! *Disclaimer: don't take trading advice from anyone built on a narrative.* Good luck and count those bull pins!
BITFINEX:BTCUSD
by MilkBread
BTC!! breaking out of Wedge before completing the Golden Wave!Happy easter Monday to erbody in Aus! instead of eggs I’ve been hunting the golden ratio. As we can see here we have a nice Fibbonaci trend matching a 5 wave elliot with a WXY correction wave. In the Fibonacci B section I’ve shown the 3,3,3 pattern for you of a WXY correction, but it gets a little small in the d section to map out so you’ll have to trust me. If the waves continue to line up with the Fibonacci date sequence we should see another low on May 5th. However, given the descending wedge building pressure at the end the cycle is going to break up or down. The consensus seems to be down, but I’m not so bearish. Two signals showing reason to go long: 1) in Fib e, waves 2 and 4 close on or above the green trend line, being the average of the 10 close points it acts like a support and resistance for shifting trends. 2) the 3rd correction wave of the series closes above the x trend line. I feel like BTC is our hero, hanging off the edge, And no matter how many times his fingers are trampled on, he doesn't let go. One hand slips, 4 fingers left, now 3, now 2? But we know our protagonist will be saved somehow! *Disclaimer: don't take trading advice from anyone built on a narrative.* Good luck and count those bull pins!
BITFINEX:BTCUSD
by MilkBread
GBPJPY (Bullish Cypher Pattern) -4h ChartConfirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) Look how X to B distance is 0.384 (around 0.382!) A to C distance is 1.271 (around 1.272!) X to D distance is 0.834 (around 0.786 - 0.886!) B to D distance is 1.618 (exactly at 1.618!)
Long
by DanielParra99
EASY Daily TREND BUY OFF 61.8 GOLDEN RATIOwe have many reasons to enter an easy buy off gold, WE HAVE A HEAD AND SHOULDERS on a 4H, We have a trendline touch on the daily and off the daily we can come to the senses of the 61.8 touch and a engulfing candle on the daily meaning we still in a bullish trend and on that note we have a daily touch on the golden ratio which is the 61.8 which means we have a high probability of going to previous resistance and past that i say its a safe buy for the next day or two! happy trading
TVC:GOLDLong
by Helloandtrade