A solid currency trading strategy consists of entering a trade at the right place, having a stop that is properly calculated, and setting a reasonable profit target level that works time after time after time.
Many newer traders set too ambitious profit targets expecting the trade to be "the big one" and hoping it will help offset the losses they have...
Even though the excitement is huge right now for BTC going to 100k or even past it, i think this will not happen for a few reasons.
Aside from TA, if you've been in the previous cycles you know that whenever everyone thinks btc will reach certain target or go beyond, this price is never reached. Excitement is however...
Hello,
I used some fib retracements and extensions and see that .618 is a strong support , lots of long wicks and reversal candles. Right now price is sitting on the .618 support and with the extension I see price shooting up to the $310 area. I’m long on Solana.
If I’m wrong price could drop to $90 and rebound, any further then the crypto will crumble.
Hello, on my last chart I did not have all of the support levels for the retrace. It appears we've bounced off the 38.2% level at the movement and have upside targets. Again not a financial advisor only sharing what I see.
Hi, i am not eliott wave expert and i am still learning it, but i think we can see something like this in next few weeks/months. This drawing can be totaly wrong. If you think I made a mistake somewhere in this chart you can correct me, i am open to new views.
NVDA complicated FIB game . I can do it many different ways but decided to play with Projections and extensions . So In general NVDA will face resistance at 200-202 will go down to 197,5-198 . then will go back to 204-205.5 . Then if QQQ and BTC hold it will continue its Prearnings run and after Earnings if it rip up will go high --everyone discussed this levels...
One move
1:6 still running
OVERALL TARGET ... 4770
1:3 ✅
1:9 ✅
1:5 ✅
1:9 ✅
1:6 ❌
1:4 ✅
1:13 ... still running currently @1:11
1:5 ... still running currently @1:2
Drop some 🔥🔥🔥 in the comment section
When you are just learning something I think it is best not to perform it on a live chart right away. You will most likely still be grasping concepts and run a high risk of failure and frustration.
That being said, here are some basic applications of using Elliot wave measurements on something that's happening now. The 4 hour time frame is wide enough where you...
Bullish 2.00 Extension appearing on a 15m chart of XAUUSD
The chart reveals a potential emerging trading opportunity.
Will be trying to buy this market with a limit order at the 0.236 level after testing the 0.618 level plotted on chart.
Stops will be at prior lows with profit target sitting at prior highs. Will be moving stops to break even after a 2nd attempt...
After hitting a mini high of 780 on 14 April, and just when the bulls are thinking it is going straight to the moon, Telsa went into a rather painful correction. Finally we had enough signals last Friday to be optimistic that this recent correction could be over:
1. retraced 61.8% of it's recent CD swing up and appeared to have found support here by bouncing off...
Hello all,
The ETHBTC pair performing quite well recently and is without a doubt the most important chart in crypto when it comes to altcoins performance.
What I notice looking at the Weekly chart (below) is that the 0.35-0.37 zone was the critical one to surpass to initiate a bullish reversal. The solid resistance zone was also where the 21-day EMA was situated...
This is my honest take on PolkaDOT. That bitcoin drop was harsh and sudden no doubt about it, but with every crash comes an opportunity. It's unclear what will happen in the next day or so, but here are some potential trade set-ups that can be made.
For a long position, I would like to see a close on the 4H chart above the .618 Fibonacci extension line. It has...
Trading Plan (EXTENSIONS)
ENTRY TECHNIQUE
Visual interpretation of predefined set-up on chart ( ABC )
A price movement of 61.8% measured from B to C
Pending limit order at 23.6% measured from B to C
TRADE MANAGEMENT
StopLoss: C
TakeProfit: B
Comment:
Bullish Fibonacci extension appearing on chart. Stand by for confirmation.
Good luck to everyone...
Trading Plan (extensions)
ENTRY TECHNIQUE
Visual interpretation of predefined set-up on chart (ABC)
A price movement of 61.8% measured from B to C
Pending limit order at 23.6% measured from B to C
TRADE MANAGEMENT
StopLoss: C
TakeProfit: B
Comment:
Bearish Fibonacci extension appearing on chart. Stand by for confirmation
Good luck to everyone trading USD/CAD!
Trading Plan by TraderSeb
Trading Goals:
50% Win/Loss Ratio
3 RRR
Money Management:
5% risk per trading day
Risk Management:
1% risk per trade
Trading Methodology:
Fibonacci Retracements and Extensions
Entry Technique:
1. Visual interpretation of trading methodology
2. Price movement of 61.8% in direction of trend
3. Buy limit order...
Short to support, stop yourself if it goes over the resistance.
Powell needs to announce more market support, but likely no changes will be announced.
Dems planning new wealth taxes, so people may continue to liquidate in fear.
It's also just below a long term fib extension, Fork drawn from march crash last year.
Could go down to 12700.
