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BTCUSD Short - Harmonic Pattern shows Bear but Fib shows a BullHey I'm trying out new patterns to learn the ways of technical analysis. This time using Harmonic Patterns and Fib channels. From what I can see if I interpret if this right, the Harmonic Pattern shows a clear Bear and the Fibonacci Channels show a stronger support for a Bull (due to the more lines that matching up between 23.6% and 78.6% as support layers). I think BTC might go up a little, but as we near (D) from there BTC should be dumping due to heavy resistance. More analysis coming up soon. If you have a different opinion about this or I'm entirely wrong. Let me know in the comments, I'm stil a student at this! According the investopedia these are some of the highlights that I followed on these Harmonic Patterns and Fibonacci Channel: Harmonic Patterns The price is dropping to A. D is an area to consider a short trade, although waiting for some confirmation of the price starting to move lower is encouraged. With all these patterns, some traders look for any ratio between the numbers mentioned, while others look for one or the other. For example, above it was mentioned that CD is a 1.618 to 2.24 extension of AB. Some traders will only look for 1.618 or 2.24, and disregard numbers in between unless they are very close to these specific numbers. Fibonacci Channels Common Fibonacci numbers in financial markets are 0.236, 0.382, 0.618, 1.618, 2.618, 4.236. These ratios or percentages can be found by dividing certain numbers in the sequence by other numbers. A Fibonacci extension requires three price points. The start of a move, the end of a move, and then a point somewhere in between (the pullback). Traders will watch the Fibonacci ratios between 23.6% and 78.6% during these times. _____________________________________________________________________________________ I'm purely a beginner in technical analysis. Please hit like, follow or place a comment if you wish. Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
BITSTAMP:BTCUSDShort
by AlgoSurfer
4
$LRCX can rise in the next daysContextual immersion trading strategy idea. Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. On 29 May the company entries on the list of Best Dividend Stocks for May 2020 in Investopedia. It causes a rise in the share price. At the and of the day the demand for shares of the company looked higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $281,43; stop-loss — $271,49. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:LRCXLong
by KozakHlib
Gold: what's happeningHi Guys, the first time I thought it could form a Cup & Handle it was on March 26, 2019 when I published the idea on TradingView. For easy reference please click the image below: Since then I've been trying to undestand gold behavior until it broke out the handle for the upside which confirmed the overall bias as a bullish continuation pattern. Factors that helped Gold to breakout the handle for the upside are: 1) US China stalemate beginning of May, 2) Theresa May stepping down with increase uncertainties over Brexit; 3) Raising tensions in ME; 4) FED posture; All these ingredients increased appetite for safe havens and Gold reacted in accordance with fundamentals and technicals. The main reason why I neglected Gold these days is because I could not find a target after the breakout. I knew it was running high but when it slowed down at 1360 I thought it was topping. Instead it went to 1440 following the FED on Jun 19. The day after the FED markets expected a rate cut in July. But the following week FED members inlcuding Bullard didn't sound dovish at all. This "U-Turn" made gold hit 1440 and retreat IMHO. Technically the move is completed IMHO as 1440 was the perfect Take Profit following the breakout of the handle. Infact, according to Investopedia: "A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout." For full detail about Cup&Handle please refer to the full article: 1300 - 1160 = 140 1300 + 140 = 1440 Now we have to wait for the G20. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
S&P500 vs VIXHi Guys, I still don't know how to use VIX in order to buy SPX pullbacks into demand but IMHO the video explanation provided by Investopedia is a great place where to start. www.investopedia.com To note that if you set up this structure and enlarge it, VIX will overlap SPX due to 2008 Financial Crisis therefore its benefits may be obscured. I will try to post a snapshot below as soon as possible. In the meantime, please also have a look at the related idea linked below in respect of SPX which I hope may provide food for thought. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:SPX
by cozzamara
1