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Fibonacci Confluence

Ethereum at Fibonacci 0.236% dangerous point Still short to 443 Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin (ACC) ! ------------------------------------------------------------------------------------------------------------------------------------------- My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators! The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading! My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market! - the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions. And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period! Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best! Don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
BITFINEX:ETHUSDShort
by Rich_Exclusive_Trading
Bitcoin to 13200$!!! are we in wave 5 ;) while everyone is banking on bitcoin to go down, I on the other hand believe that there is a strong possibility we will go to 13200$ before we continue our down trend. This is purely based on Elliott wave theory with Fibonacci and not factoring in other technicals, moving averages or news . Target 1: 10,800 $ (pink number 1) strong Fibonacci confluence target 2: 12,200 $ (pink number 3) target 3: 13,200 $ (pink number 5) strong Fibonacci confluence
BITFINEX:BTCUSD
by teddypuppybear
2
Verge soon to break out!! After the past two disappointing days, It looks like sometime today might be the charm. verge looks like it has a verge healthy correction and is now ready for some up trend action. target one is the yellow 1 at the .618 fib which happens to have some nice confluence, which makes hitting a target more likely. we got some nice MacD divergence with some higher lows and the trends is show some nice lower lows. target 1. 00.00000780 satoshi stop loss- .00000590
X
by instababyeli
Week 8: Are we going to see the 10.5k? =DSince the beginning of the year we have been in a very strong downtrend, but technically the trend has turned bullish on the 4H-Chart as soon as the Blue Structure level was violated after forming a Head & Shoulders. Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since then, the Price is getting some seller pressure. If the price respects that resistance, it opens up 2 good opportunities to get long. Scenario 1 (Green Arrows) : This scenario is my preferable one, because: Breakout Confirmation of the Blue Structure Breakout Retest of the Head & Shoulders formation Fibonacci Confluence (61.8% from last leg & 38.2% from last bottom) If the price retests the Blue Area, I will wait for a candlestick formation to get long for a retest of the previous High Target 1: @9k and an extended Target 2: @10.5k Scenario 2 (Yellow Arrows) : This scenario is also a possible long opportunity if the price does not break and close below that area, because if it does, I will no longer be interested in a Buy, also on this scenario my targets would be more conservative: instead of aiming for an extended target I would only buy for a retest @7.5k for Target 1 and Target 2 a retest of the previous High @9k. If you like the Idea give it a thumbs up, leave a comment if you want to discuss it or have any question. Take care & Happy Pip-Hunting
Long
by xWolfxPT
XRPUSD Triangle & Fib confluenceXRPUSD has been consolidating in a triangle since the ATH. It is now nearing the point of the triangle and I expect it to break to the upside. I am basing this on the strength of the previous bounces when price has hit the bottom of the triangle and the fact that the prevailing trend is very bullish. The point of the triangle corresponds with a level of triple confluence on the fibs, so this will act either as strong support or resistance. A bounce or breakdown through that level is likely to be important. If it exits the top of the triangle there is another, larger triangle to consolidate within. I expect it will retrace then make an impulsive, bullish wave. I invite any comments, Jack
BITSTAMP:XRPUSDLong
by fadersaregay
14
EURGBP - H1 - Short OpportunityFollowing on from successful short and a big move down after breaking through the neckline of a H&S pattern up at the recent highs, I'm still favouring a little more movement to the downside on this pair when the recent fundamentals are also taken into account. After the most recent move down, we have been consolidating in this sideways market for a few days. We seem to have broken and closed below the lows of the consolidation 'range' this morning and I would take this as a sign to get Short this pair upon a retest of that resistance line. Pretty much at market at the time of typing this up, and will likely be entering at the close of this hourly candle (provided we don't close back up above the line - seems unlikely though). For targets, I'd initially be looking to hit that zone of Fib confluence down with a 127.2%, 161.8% and bigger 127.2% extension all lining up in a similar area - I'll be shooting for a touch of the 0.8700 flat handle before closing half of the position. My second target will be a little lower down around the 0.8575 - 0.8600 level which is around the 161.8% extension of the same move we are using above, and also an area of relatively high activity looking left back through the charts. Let's see whether or not this plays out over the coming days!
Short
by bmck1
GBP/USD - Cypher formation Pro-TrendHello everyone! There is a potential opportunity here on GBP/USD, when the cypher will be complete. On the Daily timeframe (sx) we can see the price go through some important support levels, and one of them, now turn to resistence, will be in the area of the cypher's D point. We also broke the last one on our left, and that is a possibile confirmation that the price want to go lower. On the 4 Hour timeframe (dx) we can add some extra filter to the Cypher. We have the 38.2% of the last impulse move on the Daily timeframe, plus 2 extra filter on the 4 hour: A Fibonacci extension of A-B and an inversion of B-C, all pointing in the same area. We can use the PRZ for a trend continuation trade, based on the daily analysis, or we can just trade the cypher in the "classic way" with a first target at a 38,2% and the second at 61,8%. What do you guy think?
Short
by Michele_Pierro
NZDUSD Continues South After Taking a BreatherNZDUSD is currently struggling around the Resistance level around 0.734 It is possible that the Kiwi Soars forming a Double top formation, but It has a small probability to occur under this current situation. NZDUSD is expected to continue going south, after finishing its current retracement, reaching a lower high of 0.734, which is no more than the 0.618 Fibonacci Retracement level of the previous move south. The current Bearish pin bar shows the weakness in the Bulls, and the Bears are in CONTROL for the next big move. the price is at a great place to start a Sell trade. More conservative traders can wait for more confluence. Traders are adviced to make an initial take profit TP1 = 0.7123 , closing 50% of their trade. Meanwhile, TP2 would be around 0.7047.
Short
by adamwillis