general support lines of the short and long term fib levels: A) top green box is important zone to watch: good area to open a long position if a correction is not in near future B) bottom green box is a good conservative zone assuming a long term correction is in near future
Came across this youtube video and came up with the essential trend lines to validate/invalidate a Cypher Pattern. This is my first attempt using this indicator
Bitfinex is about to be Gox v2 Can anyone recommend an exchange that has good margin trading and decent volume?
Triangle has broken multiple bars in the 1H and 2H time-frame in to Bearish signals. RSI @ 3H has turned Bearish as well. Willy @ 6H is indicating a dump in near future. I have labeled zones of varying degree of support/resistance (Green, Red, Yellow Lines) These lines were drawn with 2H, 4H, 6H, 12H time-frame modified Ichimoku Kumo Clouds (hidden). The...
Price just surpassed (and confirmed by a 2nd 2H candle) a breakage of a Bullish trend line (bright top green line). Next target would be the dotted red line (previous high) or be on a look out for a false signal. Volume is still relatively low and these lines can be easily manipulated with whales. Be on the lookout for a big dump or pump coming in the very...
Testing new ways to identify support areas with past Kumo clouds - One strategy is to draw diagonal lines over long stretches of flat kumo clouds, supposedly indicating support/resistance zones. The recent uptrend has just breached a support triangle (hidden) indicating potential bearish activity ahead. If we do indeed go down - this should be a good test on...
The red and orange lines (with price call outs) represent support and resistance lines from flat kumo clouds (hidden). Read more about this strategy here: ichimokustrategy.com Looking at 12H/6H Ichi indicator - paired with RSI reaching overbought areas in 6H and less time frames I think we have seen the top, and this will be confirmed by an extended drop below...
We may be seeing a double top followed by some bearish activity?