This is my chart for ETP/USD on the daily. I see bearish divergence on the RSI and Awesome Oscillator. It had a very strong rally and is now consolidating. My question is where would you place your stop in the case that you wanted to short this and would aim for the 0.382 fib at around 2.533usd?
Trying to fill an order here, any remarks about this trade? Retracement clearly found support at the 38.2 fib with two 4h candles, which shows it's still pretty strong.
Playing around with the fib channel on LTCUSD and I think you could try to go long here for a possible bounce to around 56 usd where the red 23.6fib will act as resistance together with one of the rising fibs from the other channel. I'm not taking this trade but just thought I might share it. I don't see any clear divergences and the RSI has enough room to grow.
We are now at resistance from 1/2 and the 3/1 fan lines plus the support from mid july that turns to resistance. Looking at the chart everything looks fine for what I'm seeing. Price tends to go the way of least resistance. My question is if you look at this would you say that chances are highest that it will dip from here and find support on the 2/1 fan line and...
I am in no way a professional but these are my thoughts: I think there is a pretty high probability that we are going to 5.8k where there will be a big fight between bulls and bears. This since we dropped pretty hard from the 8.5k level and the bounces were rather week even now with bullish news. In addition to that I don't see the ETF getting approved for now. So...
This is the BTCUSD 1D chart on bitfinex. We broke the first downtrend and it looks like the US market is rather bullish. I think e are going to the first resistance zone at 8940-9280usd which is where you can take profits if you take a long position here. I would set my stop at the 0.236 fib at 8290usd.MACD and RSI are also looking bullish. I'm a trying to learn...
I think we will see a minor correction to the 23.6 or 38.6 fib. This because of the resistance of the previous high at 11750usd in combination with a ascending triangle(bearish). This is my first post so tips are welcome.
