Well it seems that I was wrong about the direction of the break from that fib time zone and my stops were hit at $7440 en-route to our current schiff pitchfork resistance.
Some elliot wave analysts called it so the pace of this recovery was unexpected to me but obviously not to a others.
If you press play on my previous chart, you can see that we reached the...
We are likely to hit 161.8 fib from previous move @191.10 while also at support and oversold RSI condition, so there is a potential long setup at 38.2% retracement @216.58 or even 50% fib if you consider the minor levels of structure that we've created @224.57-232.56 range. After this move we could see continuation of a down trend when shorting at those levels...
Bitcoin dropped from that triangle, however, we found support on the weekly SMA200 and I don't believe we're ready for that drop below $2900 just yet. If we do drop lower, we should find major horizontal support at around $2960.
Selling volume is slowly drying up and I have to admit, it seems we actually have regular bullish divergence on the weekly MFI and not...
This is not fanatic mumble-jumble price prediction. Price target regions are based on Fibonacci extensions from previous lows to new ATH's.
This worked 100% from the beginning of XRP's life.
To achieve these targets, a lot of things have to happen.But it's possible.
Candle pattern is for entertainment purpose only.
No dates are attached to targets.It could take...
Hello friends, traders, everyone...
Ethereum is the turtle of the group! Took longer to complete the breakout, spent FOREVER in the buy zone. But, we saw a great move up in the past days after completing a 62% retracement. Now, we have measured here the new impulse wave and identified some more entries. Typically, I target the 127% and 162% extensions after a Fib...
Good day Traders
Bitcoin price action has been showing exhaustion for the past few days now so not too surprised that we finally corrected. Perfect timing for the tether FUD to act as a catalyst again, although this time things are a bit different it seems.
If you recall in October 2018, when Bitfinex lost yet another banking relationship, everyone piled out of...
The price has crossed the resistance zone with a bullish candle and it is making a pullback so it is a great time to buy.
RSI confirmed the change of trend.
Fibo shows us our target price.
Comments your thoughts below
It shows three breakout point (I, II, III) , If it tests BL I (Breakout Level I) then T1 will be hit and so on.
It has tested BL II after which it hit 3141. Most likely, there are chances it will test BL III so we will see a dip to 2727. Overall trend is downward but it is oversold on 4h chart.
Above analysis have been studied using Fibonacci tools...
The Price has bounce in the previous support and has broken the resistance so we are expecting the Price to continue to a bullish trend and head to the other resistance zone
Fibonacci extensión is shown were we can take partial profits
MACD change the trend
Comment your thoughts below!
Good day Traders
Bitcoin is retracing after a few days of battling that DMA50, whilst watching a new episode of paint drying, and no volume follow-through. We're now on the verge of a temporary bearish crossover between EMA15 and EMA200. See the 2 screenshots below of the S&P and DJI which shows the last time we had a downward cross of EMA15 and EMA200 in those...
Extension zone of Fibonacci Extension
Extension zone of Fibonacci Inverse
Target based on previous resistance combined with Fibonacci Clusters
gbp has lost a lo today because of brexit rumors, gbpjpy in daily and h4 is not strong, because there is a descending triangle, so this is a risky trade, but last leg has reached 127 fibonacci and a shark pattern has been formed. Slow stochastic divergence in h1 and k% line has been cut. clear buy signals. remember risk under 2% of your capital because gbp pairs...