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Fibretracement

Altcoin Dominance Bouncing From 0.382 Fib Retracement Bouncing from 0.382 fib retracement, altcoin dominance has broken above the 200 Week MA (29.65%), RSI now left oversold conditions and MACD about to bull cross. "ALT.D" (1-BTC.D+99) needs to close the weekly above the 200 MA to remain bullish, but otherwise the risk/reward is there for a trade to the 0.5 fib retracement (49.95%) and resistance level. This would be a trade on the monthly scale on the left with the price bouncing back from the 20 MA to the 50 Month MA. Related altcoin dominance/market analysis... Altcoin Dominance Retesting 200 Week MA. Bounce to 40% Incoming? Altcoins Bouncing From 200 Week MA after TD Sequential 9
CRYPTOCAP:BTC.DLong
by dragononcrypto
SPX Bearish BAT near 0.786 Fib Retrace: Rollover Imminent?Pretty compelling graphic; the 1.621 BD resonance strongly suggests imminent rollover. This pattern has been long in developing and bulls are reluctant to give up gains. I expected retest of TL at 3010; got to 3003 on Tuesday and fell back to the 0.786 Fib line. Still can have a washout top to test that TL, might get bullish Friday. This feels like an extended, exaggerated B wave in an ABC, although it has dragged on for so long it seemed as if it would just keep grinding along in a flat. See my related post on DJIA. That one already overshot the 1.618 harmonic, relatively greater strength in Dow Index carried it above the resonance projection. Sudden enthusiasm over ERs or global good news could easily break this pattern and send prices to test the ATH. This harmonic pattern does favor R/R for shorting. I've been fooled twice by this whipsaw and stoplossed both last week and again yesterday but pattern does appear to be nearing completion. This is not investment advice; just another crackpot idea; trade at your own risk; GLTA!
TVC:SPXShort
by DaddySawbucks
5
CAD/JPY Fundamental : Canadian are having an election October 21 that could lead to a weak dollar and Japan have just close a trade agreement with United states that will surely advantage the yen. Technical : I'am seeing a huge short opportunity on the CAD/JPY pair, I have use the Fib Channel to determine that the short therm uptrend could revers and follow the long therm trend. I've personally enter this position at 81.800 (blue line) where the trend line and the 150 EMA have joint, I haven't put a stop loss but I've put alert 10, 20 and 30 pips higher to make sure that the downtrend is not broke. One of my take profit is 250 pips lower that I think will be touch in the next to days where the Level 0.618 of Fib Retracement cross the 0.236 line of the Fib Channel Remember, before investing, you should always make your own opinion, this analysis is only my personal point of view and is not a investissent advice.
Short
by Le_Joseph_LHeureux
1
Bitcoin XBTEUR Kraken - Short term S and L clusters *Previous chart (), with exact same data had strange problems, where some values are double or not visible ) A short term outlook for XBTEUR ( Bitcoin ). Pale pink boxes show are Fibonacci price extensions looking for possible support if move is to south. Green'ish boxes are Fibonacci price extensions looking for possible resistances when moving upward. Fib retracement is a pale grey on the background (number are on the right side) I have not added Fib time zones so I am only looking at horizontal S and R. Possible slowdown at 8722, if smashed, next interesting cluster sits at 8859 (pale blue arrow)
Long
by alskdj
Bitcoin Just Can't Stop Breaking Out - BITCOIN! (BTC)Hello Friends, Traders, Everyone... In our last analysis, I called for a first target @ $9100, and a second for a test of $10k. Soon after, we had a strong bounce from the fib channel support, a move which seems to have taken a slight pause here just shy of the first target - there are a lot of Fib extensions currently in play, it can be argued that target 1 has probably, at this point, been hit. We have just exactly touched the 127% level from the second highlighted impulse wave on my previous chart, and though I still think easily $9100 will be hit soon, taking profits here is of course, not the wrong answer. So, now to today. I wanted to see if I could help explain why we seem to have paused here, and it didn't take very long for Fib to help uncover the culprit. It seems that, Bitcoin currently rests JUST under the 0.5 FSRF resistance, having violated it already, this resistance is still somewhat intact. This fan, namely the 0.618 level, was also responsible for the retracement we had around the first test of $7k just weeks ago. Now, traditionally the 50% fib level is not too strong of a support/resistance line, and I expect for sure we will at least push through this resistance before we run into the 0.382, which happens to be just over $10K - or past our macro 162% ext target of a 10K test. Here, I will plan on a push through as btc seems as strong as it literally has ever been (including the 2017 bullrun) and that push towards 10K. Make no mistake, that's pretty likely. The resistance from the fib uptrend channels drawn from years of price action, is much higher, and as far as Fib Channels are concerned, we're in the middle of wide open ground right now, nothing in the way until upwards of $12K. So I would assume that, Bitcoin will look for another resistance near $10k. Because we are currently pausing at the .5 fan level, I'd guess will go for that next .382 level, which would give some resistance at around $10.2k - $10.4k area. Now, that's the most likely scenario in my eyes. Alternatively, if this resistance proves to be enough to trigger a retracement from $8800, do not be shocked by another test of $7900 - $8100. I deleted it for reasons of clutter, but that area is roughly the 62% - 79% retracement level for the current impulse wave. Now, we have to retrace at some point. This is normally where I would start advising extreme caution to avoid maybe, a larger retracement from a macro perspective, or even one from the entire last 2 months, if that could be considered one single impulse wave. Now because, on many lower time frames, we have had numerous retracements, some quite large (flash dump from the 17th anyone?) I would say, the risk of this happening is low. That of course, is no reason to just run around commando with no stop loss. So to summarize, I have taken some more profits here counting this as target 1. Hey, sometimes we overshoot :) No harm in securing profits. Now, onwards towards low $10k area, or a retrace that probably would bounce off $8k, and there we can reevaluate. Good luck, traders! Previous Analyses:
BITSTAMP:BTCUSDLong
by vox-populi
eurjpy short setupeurjpy is in a descending channel consisting of lower highs and lower lows. Price seems to have reached its first resistance zone. Resistance zone was previous support from past data and has now been broken and turned into a newly formed resistance which adds to the continuation of the descending channel. on top of that, price was in alignment with the fib retracement of 0.5 from previous lower high so that also indicates that price will drive lower. Waiting for breakout of the trendline on lower timeframes to enter.
Short
by chiefcapitalfx
USD/MXNCould we see price continue up on as detected on daily or could price reverse and make its way down. We are at a good level right now, i have a kumo breakout and a reliable chikou span confirmation that this will go up on the daily. We are on the hourly right now and we can see price at a 0.236 retracement level so price could bounce up on continue down (watch for retest on the inside if this is the case). Furthermore on the daily we can see a buy at a good level as it is off the support trend line (up trend)
by sammaxking123
PONY Can Go Either Way - Wait for the BreakDumped hard from the top of the rising wedge I outlined in my last analysis. Has found some support at one of the previous key demand areas, which coincides with the 78.6% retrace. Looks to have formed a flag now, which can break either way. RSI is near oversold on the daily, but the 4h Stoch is forming a bearish cross. If I had to bet, I'd guess it's going to break down toward the lower support line, but its safer to wait and see how it plays out.
P
by green_brow
1
HEXO Cannabis Investing - The dip b4 big money...still dippingSo Cannabis investors, HEXO is at the a dip and 786 fib retracement. Is this the dip before a November federal bill allowing legalization state by state, or will it go near full retracement? High 9.29, current 5.70, full retracement 3.98. Canopy Growth is 618 fib retracement. The better the stock the lower the dip. I'm using weekly charts and than switching to 1 day and 4 hour charts for potential limit entries. Other favorites are Tilray (TLRY), GW Pharmaceuticals (GWPH) and CBD suppliers CVSI and CBDS. We're getting hammered from credit debt and waiting for the final hammer to drop. TSX:HEXO OTC:HYYDF CGC CRON NASDAQ:TLRY NASDAQ:GWPH OTC:CVSI OTC:CBDS Pick & shovel options: OTC:BLOZF THC Test devices...riskiest play in my view. OTC:KSHB Packaging, labels, and extraction products NYSE:SMG Hydroponics, equipment, fertilizers NYSE:IIPR REIT asset leasing, property OTC:MNTR Financing, asset leasing, property
TSX:TLRYLong
by Pokethebear