Hello fellas, Happy monday and have a good weeks ahead. a new week, new passion and I hope a new extra profit for us! let's talk about the key levels for bitcoin which will cover the support , resistance and the correlation with the fibonacci levels. As you can see, that the weekly candle is about to close in less than 2 hours when I made this post and the newest...
Hello there my fellas, welcome back to my Sunday update about bitcoin! Well well, it has been a very interesting play for bitcoin for now. The condition is this, The price is moving very close to the upper line of the huge descending triangle (green line) and of course if we look at lower time frame, it looks like the price is going to break this resistance trend...
Hello fellas, Do you remember when I said that is a probability for EOS to touch the previous support that is now become a resistance as a possible action for phase 2 break out strategy? Yes, I believe that scenario is going to happen before a major drop and still I am expecting a rejection at retested region for phase 2 confirmation. But, as a day trader that is...
Hello fellas, Let's discuss this beautiful EOS. Let's get to the point. I use bitfinex exchange to analyze current moves. From the chart that I've shared, there is a white support trend line that has already held the price since December 7th, 2019 and then it has broken out since August 14th, 2019. And since this break out, the price has never retest again the...
Hello all, It has been a very volatile day in the market, A huge moves has occured in today's market and I saw a lot of drama occur. But, once again our yesterday's scenario is going really well with 5th truncated wave at the upper line of the triangle. Back to the 4 hours chart which is becoming the best benchmark for swing traders. in this specific period, you...
Good afternoon all of my fellas, How are you doing? did you catch the last awesome bulls? I hope you are doing so. Let's get to the point of today's bitcoin analysis! In this podcast, I will cover the daily movement, intra day and scalp opportunity on bitcoin. Based on this chart, I show you 2 support and upper line movement the green dotted one and the green...
For all of you who has opened a long position since my last signal should be in an amazing profit by now. That's why congratulation for all of you my baby. here we come with another view on bitcoin based on daily chart. First, the last volatility is just amazing and if you have seen my previous analysis about bitcoin, you should have opened long position since...
Hello all, looking at the analysis for XAU that is very interesting. I bet the $1600 as the next target for XAU and if we look at the blue line which has crossed up the white dynamic line, this is clearly a good sign for trend continuation, I hope to see the price retrace first to complete the 4th wave before challenging the golden pocket zone. Thank you
Entry 50% Fibonacci Retracement of Pin Bar (Price Level 1.86555) Exit at Key Horizontal Support Resistance Level 1.84292 Another idea is to enter at 38.2% Fibonacci Level and Horizontal Key Level (1.86323) for confluence.
GBPSGD | Enter between 0.618 and 0.786 of the Pin Bar for Fibonacci Level Trade Idea. Stop Loss at the 1.618 Level.
*-BROKE ASCENDING TRENDLINE *-DOUBLE BOTTOM FORMATION SIGNALING A TREND CHANGE *-PRICE IS ABOUT TO CREATE A NEW DESCENDING TRENDLINE *-I AM EXPECTING A FURTHER MORE SMALL PUSH TO THE DOWNSIDE TOUCHING THE SUPPORT AND FIBONACCI RETRACEMENT *-PRICE MIGHT ALSO CORRELATE WITH 50 EMA *-WAITING TO SEE SOME PRICE ACTION/CANDLESTICK PATTERNS ON MY POCKET BEFORE ENTERING A...
LTC in a perfect example of "Golden Ratio of Growth". Each extension is 1.618 times the previous extension. Most things in Nature which Grow, do so by this Ratio. Impulse was from the Bottom of Despair. Ripples were all grown with perfect Ratio. Retraces will be of much similar proportions. . . Ordered Chaos every Wave is born from Impulse, like a Pebble...
GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments The Daily timeframe is looking very clean when it comes to price action. Having formed bearish MACD Divergence between...
Continuing with another episode of Multi-Timeframe Analysis Series 1, I'd like to break down the DXY. The DXY being weighted as follows: EUR - 57.6% JPY - 13.6 % GBP - 11.9% CAD - 9.1% SEK - 4.2% CHF - 3.6% As you may imagine, there's a lot more interest in using the DXY for a correlation / confluence tool when trading the EURUSD. The EURO equates to over half...
With the EURUSD hitting a Resistance Zone just below the 1.2500 zone (which is a Major psychological level as well), could we see it move further down, or will it hold to the 61.8% Fibonacci Retracement we have on our Weekly Chart? Link for the Weekly chart below
This is a first look at my new charting tool True Fibs. The chart speaks for itself. I'll be making it available for use in the next couple days. Altogether I have 4 or 5 Fib based indicators / tools in the works so if you are using FibbyTenths or like the idea, stay tuned.
I recently put out an indicator entitled "FibbyTenths" and wanted to show a nice example of its usage. Here it is on DOGEBTC on the 1D chart. What are you looking at? Line 1.000 (pink) is a baseline from which all other levels are calculated. To get the 0.618 line (for example)= Baseline * 0.618. Pretty easy. As you can see, there are numerous examples of the...
Hi guys ! This a simple chart with a explicit Fibonacci Indicator. Many people asking me how to use it, it's easy, have a look. Story : Fibonacci was an Italian mathematician (1175 - 1250). He discovered this number sequence like this: Each numbers is calculated by adding the two previous numbers, for exemple : 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89... The special...