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Has BTC Topped?BTC currently completed a 3 drive to a top, with FIB symmetry. Whilst also being in the middle of a a Right Angled Ascending Broadening Wedge, talk about fuckery. The bearish side of the wedge is, if price fails to reach the upper trend line, it's a big indication that price has topped, price should come back and test the lower support line, bounce, retest the support line and fall through it. The oscillators (RSI and Composite Index) are following their respective trend lines. The chart on the right is with a pitchfork added, it blows my mind that the fibs overlapped and crossed the 0.5 line at the exact place price topped out... No doubt we are bullish, but the weekly chart of BTC 2011 the bear market ended with divergence, that's how a bottom is in same here in 2014 - for the end of the 2018 bear market there has been no divergence (except on the daily) - the monthly chart for BTC in 2014 again ended with divergence - monthly chart comparison - both have made W bottoms, a bottom isnt sustainable if its made by a W as seen in 2014 (needs divergence) monthly C Index and RSI are both at their respective resistances - the RSI for the monthly is still technically in a bear market whilst below the 65 level On the bullish side of things, lord have mercy on the bears if we breach this 3 drive to a top, price will moon. The Fib Kid.
BITMEX:BTCUSD.P
by The_Fib_Kid
Cypher / Shark Pattern on FuelPotential harmonic pattern on Fuel, i don't like that B has retraced past the 0.618... which is the rule for both patterns... but this is crypto and its not as if its .707 or .786, only a few points past it. The BC leg completed an AB= CD in an extension form of 1.13 for the BC leg to contain a corrective structure is a big bonus... the 1.13 ext landed right on support at 150. Either way you look at it, if this has bottomed out the upside potential is huge. RSI is around the 40 region on the Weekly, which is the bullish support zone, another big bonus in my eyes, Stoch RSI about to cross, and the Composite Index has made a double bottom. The Fib Kid
FLong
by The_Fib_Kid
EUR/USD-->The most lovely but WTF Hey traders , I'ts ironic how many times this currency pair burned me, but when i see one of my firstly post here it was the reversal H&S in the Daily and Weekly time frame in Euro/Usd , I feel justified. So, lets go straight to our chart, we Trend is obviously Down, the important rule of "We don't trade against the main trend" Its correct and this is an example of what trading scenario(plan) you have to apply in this cases.Therefore, we are looking for best entry that could be in the yellow levels that you can see clearly in the chart. In addition, the bearish pressure that forced the price to smash the support (strong) level its visual with a clear eyes. If you go back in the chart you can find many -Point A- like the nice open blue that I have drawn for you. From the price action analysis resulting that the price may reach the previous support (now became resistance) and go even more further. Thus, we are looking to take short strategy in order to take profit the stop losses and take profits levels will be adapted but the main idea is this that I mentioned above. The reason that we don't trade against in main trend you will find out why if you join in to this trade. I will try if you want to read me, to put some indicators in the cases that we need the past data to analyse and confirm our trading moves but not for now. If you agree give me Like to motivate me. My name is John Vasilopoulos Instagram: john_vasilo Thank you .
Short
by UnknownUnicorn3549910
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