Two Fibonacci Regressions plotted. One from the minimum of March, 13th 2020 (Long term) One from the local minimum of June , 22nd 2021 (short term) Long term 61, 50 and 38 levels are almost exactly the same as 38, 23 ans 0 levels of the short term fibo, showing strong buy levels (if you think that the bull market has not ended yet)
Well guys, I am testing my new strategy, so I will be sharing with you the limit prices for all my orders, and I will be updating the results of my orders so we can test If the strategy is working or not. Sell Order: Limit: 7800
After plotting the fibonacci levels from lows back on December 2018, and the high at June 2019, we can see that the Fib levels have acted clearly as support and resistance in several times. Considering the 200 ema as immediate support, it is very similar to the 61% Fib retracement level (aureum number), which means that is the strongest support so far. I expect...
The RSI rollercoaster in my opinion is one of the safest trading strategies, because combines a clever use of the stop-loss at points that guarantee receiving a good percentage in profit. It is particularly good when you do middle term trading, and you have regular jobs which impede being in front of the charts regularly. Nevertheless there is one situation about...
The MACD in the 4 hours chart already shows a bullish trending patter, as well as the RSI stoch. On the other hand the RSI shows that there is still some room for the bear, maybe up to the resistance level, measured from the february 6th low (around 9400 USD). I think this is an opportunity to get som profit from this slight rebound going long with 50% of my...