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Xyhlx

ADA USD - probability of Fibonacci sequence completionHello, Monthly Zone added to Cardano for reference to show where price has moved from and has a highly reactive zone where price will offer a large opportunity to buy from. Why is this level important? Well it is simple - price has offered a corrective retracement upon the dominant leaders sell off of BTC and ETH. The price lows also net off the previous all time high and use this as a reference point to pivot from. The previous three monthly wicks have shown opportune moments to add additional positions to current holdings for "longs". Weekly zone Again, the weekly has shown the Fibonacci retracement falling from the peak "0" referencing the pivot point where sellers entered the market. Crypto's seem to heavily retrace to so this is the zone of interest. Volume At present the buyers are outweighing the sellers using the previous monthly data on the daily chart. Dominant Crypto's - using the weekly chart - notice the trend of ETH, BTC respectively. Enjoy the ride, Staying bullish on this one - using risk adjusted position sizing. About me; Student of Lupacapitalpartners - imbalance analyst. Supplyanddemand trader Technical approach to charting Work in Investment banking, LDN - 3years in credit. Many thanks, XYHLX
BINANCE:ADAUSDLong
by XYHLX
XRP - Daily longsHello, Here is a possible pathway using the bullish triangle upon the four hour chart. Whilst price is a predictive pathway, the idea here is to show the points of C,D,E in the triangle formation. See below for C,D,E While a prospective setup- the information provided to us will be clear where to strategise entries based upon the formation printed. Now Refer to the daily chart What does it show us? Well, the daily zone of interest where price can fall to, to break the triangular pattern, this is a high probable zone where price will pivot upon and form a bullish outlook. Weekly This timeframe poses an interesting question for buyers, will price retrace to the 0.705 correction, or is the 0.5 Fibonacci going to hold? Expected bullish pathway? About me; Student of Lupacapitalpartners - imbalance analyst. Supplyanddemand trader Technical approach to charting Work in Investment banking, LDN - 3years in credit. Many thanks, XYHLX
BITSTAMP:XRPUSDLong
by XYHLX
USD CAD - 1.258 rejection as plannedHello, See below the previous analysis from a couple of days back; The key level here was 1.258X where the range of price will interact with the 0.382% Fibonacci, also a pivot point in the bullish structure; Where; 1. Price respects the imbalance upon the price reactive levels. 2. Price had offered a selling range from the reactive top of the structure and needed to find a key demand to offer a discount. Here is the idea. Weekly Chart Weekly Structure has offered a heavily discounted buy opportunity to take a new position or additional upon current longs. Refer to the volume chart to assist for volume traders - this shows the key driver for the change of hands which occurred at 1.21X zone. Monthly USOIL Refer to the correlation of the US OIL chart and compare USDCAD for inverse correlation. Attached are the key monthly and fibonacci zones intertwined. About me; Student of Lupacapitalpartners - imbalance analyst. Supplyanddemand trader Technical approach to charting Work in Investment banking, LDN - 3years in credit. Many thanks, XYHLX
Long
by XYHLX
USD CAD - awaiting the "0" Fibonacci retraceHi there, Currently awaiting the Daily Fibonacci structural point to add a further buy position. The sell off from the -0.618 structure is part of the profit taking and completed pattern of the Fibonacci sequence. The reason for awaiting "0" is price can react strongly upon this zone, so therefore patience for changing hands is necessary. Refer to the correlation of the US OIL chart and compare USDCAD for inverse correlation. I cannot currently add charts due to not having a high enough reputation. Many thanks, XYHLX
Long
by XYHLX
GBP USD - update from 18.08.2021Sellers took control of the market yesterday with an expected downside move, we are now experiencing a pull back on the four hour which; 1. looks to correct to 1.3718X in the Fibonacci structure, for further sells. 2. The monthly has been broken, but the close of the market needs to distinguish a clean break for confirmed further selling power down to the Fibonacci targets and imbalance targets respectively. To explain further - take the Fibonacci from the 1.43 to the low of 1.3574 gives the weekly Fibonacci. The daily comes from the sell zone in orange giving you the point 1 to point 0 of the low. We are now experiencing a pullback on the four hour/daily Fibonacci referring to "0" at 1.3718. Only looking for sells. Enjoy the trading. About me, Professional analyst at a hedge fund Technical approach only. Experience with FX markets and private equity deals. XYHLX
Short
by XYHLX