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Fibonacci Retracement

BTC/USD - 25k Long Term Target?? Downtrend line break! Follow up to my video from a day and half ago and price action did play out as expected. We saw a pull back to the 200EMA and bounce back up to rest recent highs of around $11,300ish. The main point of the video is to talk about how I determine targets based on trendline breaks and measuring those moves. Long term... looking like 25K is in play if what i describe plays out. I hope you enjoy the video... give a like and leave a comment. Thanks
COINBASE:BTCUSDLong
by Crypto_Sid
2
LTC/USD - What's Next? $200 or $250 - Opinions?In my opinion, LTC is consolidating (moving sideways) trying to figure out, which what it goes. I'm slightly biases towards a downward move, but would not be surprised to see price action move up. I mention two areas in the video above and below... i'll add to current position on a dip or have to reassess if we move up. I hope you enjoyed the video... give me a like and let me know what you think price action is telling us.
COINBASE:LTCUSDLong
by Crypto_Sid
2
ETH/USD - Testing Important Zone - Downward Trendline from ATH!My first video on ETH and to me it looks like ETH is getting close to making a decision on the direction she's looking to go. Price action is just below and overall downward tend line from all time highs, so I believe we'll need to see a significant break and close above this area to see price action to start a trek above 1K again. I do believe we might see a little downside movement before she's really ready to pop. We will see! I hope you enjoyed the video... give me a like and your opinion!
COINBASE:ETHUSDLong
by Crypto_Sid
BEARISH and BULLISH Scenario with BITCOIN Feb 19 2018Here's a technical video presenting a Bear and Bull scenario for today's Bitcoin chart. Bear Scenario ==> We could be in a Bull Flag which could bring us down to 4k area. Supporting Data : (1) Historically the shortest retracement period for Bitcoin has been 75 days or 2.5 months. The average retracement is much more proably about 90 days. From 20k to 6k we completed about 60 days, so to say 6k was the bottom set new records to make 60 days the shortest retracemnt period in Bitcoins history. (2) We can consider the current Bitcoin patter a Parabolic Arc which normally retraces 62%-78% from where the top was. If we drew a Fibonacci retracement from $500 starting point to 20k, then the 6k hit dead center between the .618 and .786, which is the .7 Fib area. Now according to the Parabolic Arc theory we could go as low as 78% which would bring us to $4,700 area. Link for Parabolic Arc Theory Bullish Scenario ==> We are hoping to break the descending upper line channel which may bring us out of the Bull Flag. Points : (1) Although we would exit the Bull Flag area, if we complete a impulse wave from 6k, then we would see a possible ABC retracement back to the Wave 4 area of 10k, which would bring us back into the Bull Flag. (2) What we need to see is a second impulse wave from the retracement to break us through the 12.5k major resistance area. (3) If we do break through 12.5k area, our next major resistance zones are 15k and then 17.5k to be out of the wood for a Bear Scenario. (4) The last stance I believe to beat the Bears would be the 17.5k area. This may be a Bull Trap poing where the 17.5k could be a Point B retracement from 6k (which now would be Point A), and then we would start Point C down to the 4k area or the .786 Fib level (if we take the Fib retracement from $500 to 20k).
BITSTAMP:BTCUSD
by mikesresources
3
BTC/USD - That Pull Back is Happening - ? is How Far?Hey Guys... Quick updates on BTC/USD and my opinions on what price action is currently doing. So in my last video, I mentioned I thought we would hit the 11K mark and would likely see a pull back from this level. 11K was hit and we are now seeing that pull back shape up. The ? is how far back will price move. While price can always keep moving up, I do expect as this moment for price to pull back to the levels, I mention in the video. I hope you enjoyed the video... give me a like and give me your thoughts on BTC.
BITSTAMP:BTCUSDLong
by Crypto_Sid
4
XRP/USD - I Was Wrong - Well 1/2 Wrong! While we did get an upper trendline break (on my charts), price action has now moved back below and looking to break the lower trend. So i was half wrong my my thoughts last night... damn you price action! Anyway, at the moment, i do think we might see some continued downward movement to the $1.05-$1.00 area before we find some good buying support. We'll see what happens come Monday. Give me a like and leave a comment with your thoughts on XRP.
BITSTAMP:XRPUSDLong
by Crypto_Sid
3
BTC/USD - Pull Back At 11k???BTC finishing out the week quite nicely... above 10k at the moment, which is overall positive for BTC in my opinion and hope that upward price action continues. However, in looking over some depth charts on exchanges, I think we'll see some decent selling pressure at the 11,000-11,300 are that may push price back down to 10k-9.5k before we see price action continue upward. That area would someone align with previous fibs and new fib level i mention in the video. Hope you enjoy.... give me a like and leave a comment.
COINBASE:BTCUSDLong
by Crypto_Sid
2
Bitcoin / USD Trend Reversal - Out of Downtrend! Critical Hours Hello Dear fellow Traders! Swing trader WhatsThatCrypTom here with my FIRST published idea! Today I want to start with the mother, father and leader of all Coins: Bitcoin I want to share with you my idea on BTC vs USD. I use a daily chart and the exchange is Coinbase. ( I think this is a very solid chart to look at) Please trade at own risk For my analysis, I will use Fibonacci levels as main point cause I just love Fibonacci and patterns. But also other indicators to support my thoughts. The next hours (day) will be critical for Bitcoin. As you can see on the chart, BTC is holding at .618 Fibonacci. Also we are very near the downtrend channel also seen on the chart. There should be and outbreak to the upside to confirm a trend reversal. I dont say it will be the start of a next bull run, we could see a sideways channel from this point on. Everybody knows that we have a strong increase on volume wich also indicates a trend reversal. We need to close this day near the .618 fib level or above, and next day we need to close outside the downtrend channel and it should be a green candle. A double bullish confirmation candle like 2 white soldiers, bullish engulfing or inverted hammer candlestick pattern to confirm the breakout of the downtrend. Watch closely to the next hours and put buy orders at +- $8500 or above. To be really really certain you can wait until DI- and DI+ crosses on adx.. I will update this idea with next support and resistance once breakout to the down or upside is confirmed. I price falls in the next day it will fall hard, be prepared. But my prediction is a breakout to the upside and we will be in a consolidation period for a while before our next bull run. A side ways channel will be formed I presume. Thanks for reading! If you do make money from trading, dont buy me beer, but give to people who are less fortunate. Look around you and you will find. Bless you
COINBASE:BTCUSDLong
by WhatsThatCrypTom
1
BTC/USD - Confluence of Events (Fibo Extension Trend line break)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 me a like, leave a comment, and before to follow if you are not already.
COINBASE:BTCUSDLong
by Crypto_Sid
BTC/USD - Not What I Expected! Follow on video to last nights video and I have to says... i actually was expecting the 200EMA to hold price action. I mentioned, last night I would be watching to see how today candle would play out and was hoping bullish, but that is not what is happening. Obviously, I'm expecting the daily to close below the 200 EMA here in just a little while, which would indicate the potential for more downside. The question being is how much further. From a monthly fib retracement perspective, we could see 6500 area. Personally, I would like to see the next support zone hold, which would put use in line with the last spike down and support structure from last November; we'll just have to see. I did notice on the 4HR, we might be seeing a double bottom form?? Let me know what you think about that. Anyways, if you like the video, give me a like and leave a comment.
BITSTAMP:BTCUSDLong
by Crypto_Sid
4
BTC/USD - Is she rising from the dead???Quick video to cover what i'm seeing take shape on BTC. The last two daily close in my opinion are positive for BTC to rise. I'm not saying we cannot see any further downside, but since price action is getting held at the 200EMA, I believe we'll see a rise in price action over the next couple days. I hope you find this video informative, but know these are just my opinion on what I'm seeing shape up. If you like the video like it and leave a comment letting me know what you think.
BITSTAMP:BTCUSDLong
by Crypto_Sid
5
Plotting Some Support and Resistance - Oh & A Fib! This video quickly describes how I put my support and resistance levels (zone) on my charts and how I typically use my fibs. As I mention in the video, I try to keep it simple, straightforward, and not spend to much time in my charts. Personally, i find the more time i spend in my charts the more i hunt to find something that might not be there. This for me usually causes me to make bad decision in terms of entry, etc. Try to keep it as boring as possible. Give me a thumbs up and leave me a comment.
BITSTAMP:BTCUSDLong
by Crypto_Sid
4
XRP/USD - Did We Bottom - Now To The Top?This is a follow up to last nights video on XRP/USD. We saw price action on XRP push down to a low of .63 today, but was quickly pushed back up to it's current levels of around .90. The daily candle that played out is telling me that there are buyers below. Based on what i'm seeing price action do on lower time levels, i would not be surprised to see price move down and retest the 200EMA, but at these discount prices, I would expect to see some quick buying action push price back up. I hope you enjoyed the video, give me a like and leave a comment... good or bad!
BITSTAMP:XRPUSDLong
by Crypto_Sid
7
XRPBTC -Slide on My Friend! Testing Support Zone!Before you call me out... around 2:00 minute mark, i call a bearish daily candle bullish; such a noob. Anyway, so we are seeing price action play out as expected and mentioned in my previous XRP update linked below. I'll be watching the Weekly and Daily fib level to a potential break and continued downward pressure. As of right now, my charts are telling me that is favored at the moment over an upward movement. Will be watching this level for a daily close below to confirm continued downside. I do think this level is a great oppotunity to add to your position or start a position in XRP. I hope you enjoyed the video, if so like it and leave me a comment. Remember to follow to stay update with my updates.
XLong
by Crypto_Sid
3
BTCUSD - We Got Low Got Low - Is 7K Around Corner?Quick up date this evening BTC and a follow on to my previous video. Price action has played out as i was expecting and hit my 1st target and giving indication that it wants to move to Target # 2. I know it's painful to see BTC correct this much but with correct money management dollar cost averaging into positions, I believe these levels are offering up great buying opportunities. Below is the link to last nights video! I hope you enjoyed the video, like, share and leave me a comment even if to just say hi. And follow to stay up today with my updates.
BITSTAMP:BTCUSDLong
by Crypto_Sid