Notice the fibonacci retracement drawn from february to march crash. Notice the fibonacci retracement drawn from december '17 high to december '18 low. Notice the ichimoku cloud line path green (lagging span) in relation to line path red Notice the macro fib retrace level .236 = $7106 up or down Notice the micro fib retrace level .5 = $7190 perhaps...
spot price will move to the top of the rectangle by the time the candles move past it (shown in comment) based on the same movement upward on fisher transform indicator with green circle first time since april 2019 that was a $0.0231 increase from start to finish based on candle 1 low to candle 5 high (april 2019) +50% / -50% (now) $0.036155 increase from...
EMAs current and shaking. Approx targets painted / not depicted : 5min
EMA's current Reversal in progress Drew angle trend line for S- curve Approximated convergence value set at 246.81
Here it is, folks. EMA's current at time of publishing. Stop loss if this doesn't break 225.76 or if it falls out of the pitchfork . Happy trading
EMA 29 Pitching up EMA 50/100 converge Bottom magenta line shows previous EMA 200 level consolidation. EMA 200 pitching up
As I suspected, with the EMA's 29, 50, 100, converging on the EMA 200, the price has risen above all 3 and is now acting as support. This is good, as we can now feel pretty comfortable as we trek up to that 234 line. Whether or not we break through that line will determine whether or not we'll get another retest of the 220's range. This shouldn't fall beneath...
Pardon my mess Maintaining original position as supported by the EMA 200 (magenta) 30 min: 5 min:
As you can see, there is some momentum needed to shift this very oppressive bearish pressure. The volume has been moderate to high. 5.5/10 Sell book still thinning, but heavy resistance at 229-231 range. Still confident in this play. If it dove now, it will dive far. If it moons now, it will moon high. Keep an eye! -tb
Very nice slant in progress __ Well it's Pisces season. Here's your update for today! Green is breakout area prediction yellow is exercise caution red is high danger zone; especially for EMAs Price bouncing between fib levels after last night's dip. Next level on the Big fib retrace is 247.05
Well it's Pisces season. Here's your update for today! Green is breakout area prediction yellow is exercise caution red is high danger zone; especially for EMAs Price bouncing between fib levels after last night's dip. Next level on the Big fib retrace is 247.05
If you entered @ entry position I plotted out earlier today, you're sitting in a pretty decent position now. I know it's a lot to look at, but I find it handy. For my brain. :) I hope it does for you, too! :) Thanks, and good luck hitting your targets. Original target call: 252-257 (1-2.5 day swing trade)
As you can see, I correctly identified the reversal point on the previous downtrend. If we can see a blue candle close inside the green, with a large spike in volume, we are due for another surge.
Relevant for the next 2-3 hours See previous idea for target
Will it pump? or will it dump? Identifying the point of convergence. How to execute short position with precision. Red rectangle: bear sentiment (resistance) Blue rectangle: bull sentiment (support) Cyan space: momentum need changed here Yellow space: if it does, predicted breakout Target: 252-257