AFTERPAY (ASX:APT) New ATH or in need of a retrace (A sign of darker times ahead though IMO) 3 Scenarios to play out in the next week. 1: Now that we have popped back into long term uptrend and with the amount of people using the service due to Covid-19 (with no end in site) $50 mark looking very achievable. -Current Support holding -Bouncing off long term...
ZIP CO LIMITED (ASX:Z1P) has bounced back significantly well after the market dump in FEB/MAR, as have all lending services due to the job losses/ government surpluses around the world. When the market reopens on monday I can see a couple of things happening. 1: WE crack this 'strong equilibrium' as price action continues up the trendline and get squeezed into...
EURCAD approaching back down to retest the respectable ascending trendline and the recently broken descending trendline. We will be looking to open long positions on a pullback near the 0.618 fib level, which ultimately corresponds well with a previous level of strong support - creating this zone of confluence.
I see good confluence here on the chart with Fibonacci & ascending triangle support trendline, daily also possible bullish diversion printing, we might not get to 11k but even 1000$ move to 9700 is good for leverage trades. Laddering longs till 0.75 (using only 5% of balance)
After successfully breaking out of our descending trendline, we will now be looking to potentially retest it. Currently, the market is trending within a respectable parallel channel. A zone of confluence is created when the previous broken trendline and the current ascending trendline, meet each other. Furthermore, we have a clear 0.618 Fib retracement - lying...
Gonna risk a short, there is huge FVG below & possible double top forming, expecting at least a move down to golden pocket 0.618-0.65 i have set only 25% of bids set for now, res i will update once we get there, i don't follow FA but i know it plays a role so if you are not risk taker be patient
Were looking at a change in direction for this pair. We have seen a break of the descending trendline after a lot of bearish movement. Forming a new higher high, likely to be a small pullback/retest before making further upside movement. A good entry would be in the golden pocket area/rejection of the 50MA.
IF BTC rich 8.1K zone it will be strong action. It will be the end of 4 wave There is a golden pocket. If BTC will be rejected it will a big drop.
Missed the entry but there might be one more push up before it heads down... Short: Entry at the .618 Stops at the .707 First Target: high volume node Second target: Pitchfork median line
My view on ETH log scale. We got confluence at the $50 -> Weekly + 0.618.
The 2 main gaps below (8.5k and 7.7k) have now been filled and in doing so on the weekend, we've now created a rather large gap above current price action that will eventually be getting filled as well. The question is whether or not there will be any further downside before that. We can see we are still well under a very a very precarious head and shouylders...
This is six times now that we've interacted with this trend line. Our latest $1K+ run-up since last week has been parabolic; volume is diminishing; RSI is in overbought territory--I think there is a good probability of a retrace down to one of the Golden Pockets identified on the chart. The Lesser Golden Pocket is measured from the run-up starting around $8265,...
XTZ/BTC has made an ideal retrace to the golden zone and is now mirroring the ABCD bullish pattern that began early November 2019 which led to a 165% gain in a 41 day period. Bullish. Strong Buy.
Hello Traders! Today’s chart update will be on DASH which has respected the golden pocket Fibonacci retracement level and is putting in a potential higher low. Points to consider, - Bullish Trend - Fibonacci levels respected (Golden Pocket) - Stochastics in upper regions - RSI respecting trend (Bullish Divergence) - EMA’s cross bullish - Volume increase...
Before reading please show me some love by liking my post and following me - it's FREE and easy, so why not :) Bitcoin is showing some interesting things. Each time we had a impulsive move upward, take a look at where price stopped (before continuation down). Yes exactly at the Golden Pocket (between the 0.618 and 0.65) Fibonacci. Is that a coincidence? I don't...
How high will Bitcoin's rally go? Well no one knows. But here are two levels to watch.... We have significance confluence of fib levels based off the major highs and lows from the last two years. The Golden Pocket level has been very significant in both directions. We also have confluence of a third Golden Pocket with the downwards sloping resistance. I agree...
Pattern suggests possible reaccumulation by a handful of whales on Bitfinex, where Longs skyrocket to all time highs on taps to the .618 and .65 retraces of the macro bull run which began back in April. Meanwhile funding rate on Bitmex remains fairly neutral, suggesting the Longs are from Bitfinex only. A long squeeze, if it happens, may not kick in fully unless...
If BTC can bounce back and hold the 0.618 fib @7164 or not loose the 0.705 fib @6258, we can resume the uptrend.