Get started

Retracement

DOT Price actionDOT is currently meeting resistance at the bearish Order Book level. if DOT can breakthrough, it can easily go to $25, with an additional volume and momentum on DOT, DOT can also reclaim and test the Major 0.5 Fibonacci level at $30. If dot fails to break the bearish order book, I would suspect DOT to retrace to $20 which is in line with DOT current trend line (Orange Line), and in the worst-case bull scenario, DOT could test back the region between 0.5 and 0.618 minor Fibonacci level, as this is also where the bull Order Book that powers up the current upside reside currently, it will be a powerful support for DOT in the continuation of bull run. Tell me what you guys think about this in the comment section below, and do remember, this is not financial advice, do your own research, and trade at your own risk. Thank you
by ZombieGod11
ETH.. Too strong?Eth has been too strong these past few days... Will it continue to go higher or will it retrace first to give a leg up for its price? Something that goes up will eventually go down or retrace back, thus, if it retraces, I will look around 0.5 fib level from the very low ($1722) and the newest low ($2460). The fib 0.5 level from the very low is at a price of $2460 (which is the same as the newest low) and The fib 0.5 level from the newest low is at $2820-ish which is also coherent with the orange trend line ETH is currently at. If it continues higher, I suspect it will meet resistance at the $3360 level. Will goes up or down? and what price point do you guys think it will have its leg into? Comment below... THX
BITSTAMP:ETHUSD
by ZombieGod11
Current Downside TargetThe hash ribbons indicator which is very rare to happen has already lit up into buying signal and after days of green candles, I suspect and hope (actually) for a better leg up in a retracement of BTC's current price. My good case retracement scenario is BTC testing the 41K level as it is the price where the blue downward slope and as 41K price level is around 0.5 Fibonacci level from the newest daily low (37.3K-ish) up to the highest point (45.3K-ish). (This price might be a good time to go long in trades and take profit quickly after meeting the resistance around 42k-43k). #Not a Financial Advisor If it broke down, we will see a test around 36K level, and from that point, it's best to continue watching BTC price movement as this is the second to last support level. The last support level in a very worst-case scenario according to my analysis is around 32.2K which is accidentally the same as the 1.6 fib level and CME level. So yeah, This is my current price analysis of the downside level that BTC can put its leg up to... Looking forward to seeing your comments and what you think will likely happen according to your analysis... THX
BITSTAMP:BTCUSD
by ZombieGod11
GBPUSD - Time to let the Divergence runHi Traders! The market broke out from the weekly Trendline. After that, it consolidated and now, it is retracing back. During this Retracement process, the hourly MACD shows as strong Divergence. In addition, we now have a consolidating Range, where we also have a potential Lower High. Furthermore, the Retracement Trendline (which can be expanded to the left) could serve as an Entry Trigger. The Target is the "Area of Control" of the Fixed Range Volume Profile. As we are going to take Profit at this Zone, we have to check at which point the market could possibly turn. The "Area of Control" shows is in our opinion a good tool to check the Area from where the market could turn. If you have experience with the "Fixed Range Volume" tool and tips to share, let us know in the comments! Thanks and successful Trading :-)!
Short
by swissmoneymakers
A likely re-test of trendline support - profit taking in action One the 1 hr we can see it would likely make most sense for BTC to come back to retest the POC which would likely fall on the support trendline that creates the bottom of the flag. We have stalling volume and profit taking and the daily candle is finally showing red so far. . On the 15 minute we are trading under the lower timeframe EMAS and testing the 50. BTS has also only once used VWAP (The white line on the RSI) to use as a bounce support, otherwise it's always pushed below quite deep. This profit taking had been speculated for a while in the social media space that we go to 40 from the 30k retest where people take profits and now it's happening and everyone's unsure of what to do next. Well as usual we let the whales decide where they want to take us and follow the flow. Be on guard.
COINBASE:BTCUSDShort
by JerBear77
PLTR: When will this crash stop? Key points for PLTR!Hello traders and investors! Let’s see how PLTR is doing today! First, in the 1h chart, we have a bearish bias, and PLTR is just seeking its support levels. For now, it seems the $ 21.21 is holding the price, after an intense drop. Below this point, only the $ 20.55 is left for us, and we still could hit there, if we lose the $ 21.21 again. PLTR is going up thanks to the Piercing Line pattern, which appeared just above the 61.8% Fibonacci’s Retracement . The $ 20.55 is the pattern’s low, and if we lose this point, then it’ll cancel the bullish thesis. However, as long as we trade above the retracement, we’ll be fine. If we find a support there and do another bullish pattern, it might trigger another buy opportunity. The $ 22.67 is still a pivot point, and if defeated, this could lead PLTR to the $ 27.47 again. We just need to reverse the bearish bias seen in the 1h chart, and this won’t be an easy task. Although we are near support levels, there is no good bullish reaction around. Let’s wait for more confirmation. Remember to follow me to keep in touch with my daily updates, and if you liked this idea, please, support it! Thank you very much!
P
by Nathan_The_Finance_Hydra
6
LOGI Update , We watch for bullish movement in next support !LOGI is on the way to 0.618 Retracement level. Do we have a bullish movement there? Lets follow. 50% Retracement was not able to push the price up. Now, ABC form of correction has showed itself and we are more confident to go long in the case of bullish movement in support levels which are 0.618 and 0.786 Retracements at around 114 and 107 respectively. Stochastic indicator is reaching to oversold zone once again which brings us another ideal setup to go long. For now, I believe that there are some other up going waves which first is going to start soon unless facts provide a proof which I am wrong. We do not give up ! we chase the stock and finally make our profit. Don't we?
NASDAQ:LOGILong
by SaeedSajedi
2
Gold - Doublebottom scalp - quick profit!Hello trader, Nice week and profitable deals 💲 15mh chart gold Doublebottom trade Entry-SL - R / R can you find in the chart! TP: Fibo 0.618 and 0.768 2.Trade: Another gold post, bigger picture from weekly - 6h: I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save !!
TVC:GOLDLong
by TR7z
7
GBPJPY on a retracement move 🦐GBPJPY on the 4h chart after the attempt to break below the daily support started a retracement move. The market is now testing the 0.618 Fibonacci level and could probably move to the weekly resistance and the 0.786. According to Plancton's strategy if the market will provide us a sign of inversion we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
BTC - 5th Wave finished Part II - 3k Fractal play !Hello trader, Good mood and profitable deals 💲 After 2 months in the 30-38k range, characterized by unnatural movements, fake outs and stop hunts. I suspect that we will enter a new market phase in the near future. (Purely speculative: who knows exactly when and how the crypto cartell will give us tried to deceive) IMO I see 3 options: 1. The 3k Fractal, similarities you can see in the main chart. In the current consolidation we should ideally not fall below 0.5 retracement, and would form an IV H&S . The goal is about 35k. But be careful, 34k is the first major resistance, if we are dump hard from there bulls in danger! 2. If we draw an LL, I will burn the fractal and expect lower prices. The next support is in the golden zone of the complete upward movement and the CME GAP. 3. We will stay in the range for weeks, in which case I will continue to focus on other markets. Possible 2018 BTC.D fractal 1d MA Support and Resistance Let's take a look at the volume BTC Long - Short and OI Props to some good traders that i follow ✌️ @thecryer @coinwide @fract @BTCINVESTING @VapeundTrade I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save !!
BITSTAMP:BTCUSDLong
by TR7z
21