Hey guys,
Ripple is struggling to prove itself due lots of FUDs in the media at the moment. Say what you will but XRP is one of the few projects that actually has products that are being used right now. xCurrent, xRapid, and xVia are real products being used by major banks and MoneyGram right now as we speak as opposed to some pie in the sky 1 zillion TPS ...
This is a log chart for LTC rise and falls within an uptrend channel. Each time LTC will hit upper channel is when the Fibonacci projection is 4 - 4.618, then it will come back to test previous breakout level (green horizontal lines) where it meets lower channel.
Hello all friends! This will be my first TA on ETC/USD. After an incredible weekend drop and then bounce, we are now preparing to dip down again for an ABC corrective wave.
Short entered $19.798.
Stop loss - $20 (move to risk free trade, as price drops, "trailing stop loss")
Take profit 1 - $18.00 - high probability - Risk/Rewarrd ratio: 8.88
Take profit ...
Hello all my friends, LiteCoin looks like it will test the $171 region soon. Set very stop tights in case it's a bull trap.
Take Profits 1 - $161
Take Profits 2 - $169
Stop Loss - $153
So with the continued downside on BTC, I decided today to delete everything on my charts and start fresh on the month.
I show my monthly and weekly fib levels... projected fib extension to the downside on the weekly and draw a few trendlines and measure the break to see if i see any confluence of events between the two.
I hope you enjoyed the video.. give ...
Classic price projection rules for head and shoulders patterns line up with Fibonacci projections and price two standard deviations below the line of best fit calculated from the recent all time high. If price breaks the 943$ zone, 820$ looks like the next area for a potential bounce.
Hey guys, I'll just keep it short and sweet. Here's my trade idea:
Fib and Elliot Wave:
Time for (a) to (b) correction on the 4H chart E. Wave 1-5 has been completed with minor patterns on wave 4-5 properly observed. Forecasting price to go down to on Fib level (0.236) and retrace back to 80.708 (0.618).
Fundamentals: Monday opening would give JPY high ...
Hi there,
All info can be found on the chart except the fib confluence levels.
I left these out as it got way too crowded on the chart.
Have a good weekend and let me know what you think.
Cheers
There are 2 sells I am looking forward to.
My time projection suggests the moves to happen around the orange dotted vertical lines but thats not a must.
First trade is selling the 0.618 retracement.
Second trade is waiting for more confirmation (break of trendline, then flag, then break of flag > sell)
Reward to risk in both cases it 1:1 the way I plotted it ...
I'm new to trading, so take this with a big 'ol grain of salt.
The downtrend in GOLD has potentially been reversed. Recent political changes that have introduced a threat of new tariffs and talk of a 'trade war' are the most likely cause. This surge in the bitcoin price has a potential for big gains.
If you're not already long, there is still plenty of upside ...
As its a new Week I have been reviewing the weekly chart to get a better idea of the overall move.
On the lower time frames my Initial thoughts were short but looking here I think we could see a rise.
Short term I do think we may see a retest of 0.70000 area the fib retracement on the most recent Daily impulse leg up gives us a 618 at one of my weekly key ...
Currently short once more on audusd after being stopped out previously. it has presented another opportunity after hitting the 61.8 fib of the move down, still same targets as im still holding my bearish bias for this pair
I was reviewing my weekly trading plan for UJ and I found a few situations that made me change part of this plan:
It has been really hard to UJ to break the psychological zone that I marked as a Selling Zone (a lot of push back in that zone) - This is why my TP1 is into that zone in the last high of this month
Reduced my TP2 (Now exact Fibo Ext 61.8 - 106.71) ...
