- We have finished wave (1)' and (2)' - Wave (2)' was a ABC correction that retraced to .382 fib. I expect a larger correction for wave (4)' - This means I will be selling my position at the end of wave (3)' - We are in wave (3)' - Wave (3)' has 5 subwaves. The targets for wave (3)' and its subwaves are labelled by the green boxes. - Entry is red box. - Once...
We closed our short position in the blue box. The sell targets are based on fib retracement of the whole downtrend leg. There is no stoploss on this one. If we dip lower, simply buy even MORE to drop your base price. XRP is not a random shit coin, don't worry. Just keep loading when it dips. Good luck!
These are my thoughts: 1. This (16000) is a perfect time to buy alts and set tight stoploss (ie, stoploss will be executed if btc break 16000 resistance level). 2. If we break 16000, look for price action around 20000. Two scenarios may happen: One is we have a bullish big green candle and we pass 20000 easily. In this case we hold btc. Another possibility is we...
In science, when I cannot navigate whatever I am observing under the microscope, I zoom out the lenses and readjust my focus to gain a general sense of the position of the specimen. The same applies to charting. A long time frame (6day chart) allows us to take a step back from the micro and look at the bigger picture of price action. Now, let's take a look at...
This idea is based on moving average. We are now trading below MA100 on high time frame. Medium term trend: down Buy zone to close our short based on fib extension: greenbox (confluence of wave 1-2 & 2-3 extension)
- This idea is based on moving average - Long term trend: up (hovering around MA100, good time to buy with tight stoploss) - Medium term trend: down There is a chance it drops down to ~115 (at .618), set stoploss at 110. Target is 250 based on fib retracement. *Keep in mind: MACD does not look pretty at the moment, but we shall see.
We are looking at a 4 day chart of ltc. - Entry: red box - target: green boxes - Stoploss: refer to long position tool on the right side We are trading above EMA/MA 50, this is a rather safe long position. I see two possible scenarios, each drawn out by red/blue arrows. Good luck!
Feeling lazy, this is going to be a short one. - This is a 4 hr chart - ENG finished 5 waves, we are now in correction - Buy in at red box - Target is the labelled green box on the top (Previous targets for subwave 3 & 5 are the blue boxes) *Please do not blindly follow my analysis. As a matter of fact, if you blindly follow anyone's analysis, you most likely...
Please check out Part 1 on how to use fibonacci retracement to find entry levels. This post will only make sense if you familiarize yourself with fibonacci retracement tool. (Link: ) Now, supposedly, we have entered a trade using entry levels based on fib retracement, how do we know when to sell? To answer this question, we can utilize the Fibonacci Extension...
Hi friends, The purpose of this post is not to provide entry and targets, but to help traders who are just starting out familiarize themselves with fibonacci retracement and how it can be utilized for deciding an entry to the market. So if you are an experienced trader, please ignore this post. Okay, let's dive right into it. We are looking at a 30 minutes...
Hi all, This is gonna be a short post. This is a weekly chart of stratis. Chart speaks for itself. Buy, forget about it for a week or so, and sell. Easy. Good luck!
Hi, my dear friends! Good day! Let us look at NEO daily chart this time! We are now comfortably trading above EMA50 and MA50 (safe to open long position as we are riding with the uptrend). MACD supports HUGE upward movement. RSI has plenty of room for growth, too! Entry: below 420000 Target (fib levels): - 650000 - 790000 - 925000 - 1350000 - 2000000 -The...
Hi friends, this is a 30 min chart of KORE. Both MACD and RSI on daily show plenty of room for growth. Have fun
Hi my dear friends! This is a 6 hr chart of verge? Why 6 hr? Because at this time frame, we can clearly count the 3 corrective waves that is the down trend in the box. We can also see from data that fib levels had been a rather precise ruler to estimate this coin, as I explained in the callout box. The next fib targets are labelled in green (if you drag up on...
Hi all! I want to thank a friend who PMed me to ask about this coin! I took a look and sure enough, there is great potential! This is a weekly chart. Each candle stick represents a week. This idea is based on chart patterns and some indicators. Indicators: - Trading above EMA50 and MA50 on daily chart, we are in an UPTREND. - RSI supports upward movement and...
Hi friends, thank you all for following along. You guys/girls are great! Take a look at this daily chart of Radium. We crossed MA50 a few days ago and stalled for a few days. We closed yesterday with a green candle and it is going well so far today, giving us an opportunity for a long position. As long as we stay above MA50 line, we can comfortable with opening...
Hi all, CPC woke up a few days ago, and now, another buy opportunity has presented itself. I would like to draw your attention to the five numbers labelled in white: 1,2,3,4,5 I see them as a set of elliot waves. I especially want you all to focus on wave five, which almost looks like a wedge. Now, if you are curious, here are some sections from Constance...
Gotta be quick on this one! falling wedge forming on THC. Look it up! *This is a 15 mins chart More updates to come.