gillianpatrice

gillianpatrice

In forex pairs are often inversely correlated. It pays to watch and wait for price to hit daily or weekly levels before trading a pair that is very oversold or bought. For instance the USDCHF is at a 161.8 extension level of the last corrective swing on the daily. There has not been a reversal sign. The 4hr chart has fibbed during London's open yesterday. I am...

gillianpatrice

Bitcoin review Since the beginning of April 2008 Bitcoin has gained almost 27% after a major correction. Most traders were expecting this correction due to the past years phenomenal rise in price. In the brief history of Bitcoin’s genesis 2008, we have seen many negative events causing price volatility such as India’s recent ban on banks engaging in cryptos,...

gillianpatrice

When Amazon shares were $30 and people said it was never going to go higher. Confuse and divide seems to be the press’ current mandate. The case for and against Bitcoin is so hotly debated world wide. Let’s explore both sides of the coin. Bitcoin allows people to transfer money without a bank or the swift system. It’s stable and less volatile than the currencies...

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See last comments - just updated the chart.

gillianpatrice Updated 

History may be repeating for Bitcoin Bitcoin price is taken a nose-dive since the all time high last December. Other altcoins such as Ethereum, Litecoin, Ripple have seen similar price falls. The searches for Bitcoin, buy btc, how bitcoin works, bitcoin, invest bitcoins have halved across all search engines during the last few months and the trend is bearish for...

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My bias is long on this pair. I forsee a weakening USD - 7 year cycles. If price breaks the next level of resistance we may head to the Weekly TL and the 50% fib (mean reversion) and the Fib extension of the last reversal bull wave pattern.

gillianpatrice

Tron has experienced pump and dump cycles 3 times in the past. We can expect mean reversion to occur ie: price will return to equilibrium of 50% of the drop. Currently we are at support and I am looking to enter a long position trade. The levels of resistance are shown by the blue lines - overlapping retracment levels of the drop and extensions of the various bull...

gillianpatrice

Just an updated chart as I couldn't edit the chart in edit mode.

gillianpatrice

Aeternity has attempted to make a LL and found support from Bulls after a very Bearish decent from the ICO. My fib study tells me that price has met a 161.8 of the last swing. What I can see now on the 4hr is a change of trend. I am expecting price to now head up to at least the level I have drawn on the chart. The risk reward is excellent with your stop just...

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Aeternity claims to be a new blockchain technology designed to deliver unmatched efficiency, transparency and global scalability. Could be used in Fintech, video gaming, trustless exchanges and instant micropayments at low cost transactions. The Development team behind this coin are world class with Yanislav Malahov at the helm (Founder) - he has been often donned...

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I have been watching ETH to place a position as I missed this train. It's no mystery where ETH started to retrace/correct. I have numbered my fibs in order to explain my methodology. FIB #1 was from the swing low to the swing high - first leg or move or wave. I am looking for an extension of this wave to see where price will falter. Price just pierced through...

gillianpatrice

The bullish trend begun in 2008 when price tested 1015. Price has since rallied to surpass the ATH back in Feb- 2000 -4938. Price is at resistance - 6974 and if price heads up from the next major level of resistance on the monthly chart is the 161.8 extension - 7415. Price may falter from profit taking so watch this area.

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After many years of training long hours and reading lots of books about trading I still manage to fall into the state of FOMO. or Fear of Missing Out. It's hard not to get caught up in all the hype at the moment about Litepay and Litecoin. I want to buy more LTC but it cannot be here at this level. So I have planned how to trade this and what to trade LTC against...

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I think this coin has a lot of potential and I am going to build a position once we start seeing green candles on BTC. I expect price to test the support that was once resistance for more upside. My 1st target overlaps with the fib extension and the top of the channel.

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ETH has failed at the final gatekeeper 78.6 of the previous move swing (1). Whilst my overall bias is bullish I've scaled my position until price finds support. FIb #1- overall fib of the ATL and the ATH Fib#2 - the corrective wave after the bull run. Fib#3- the last wave 5 before the recent correction (price failed here) I am looking for a level of support...

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The market is correcting and this is a good sign as we have more traders coming into the market and they are waiting to buy low. We were at a 200% fib extension - the retracement is predictable. I'm looking at a fib extension of the last corrective wave after the move up - 127% this also happens to be support. I have indicated my targets to scale my position. I am...

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I like checking out different tools to see what other traders may be watching for. I particularly like the GANN FANN as a way of visualising moves and where support and resistance may be. Price may follow the recent Bullish Gann Fan and if we break higher than the resistance at 10100 I like the play for a higher high.

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I often look at a weekly chart to see where price is - it's a good overview and you can often look and plan for a trade using lower time frames using weekly fib levels by waiting for reversals patterns to confirm entries. We have not broken the weekly trend line as this weeks candle has not closed. Until it closes below this line I will look and plan for long...