DDX looks like it's run out of inverse fibonacci extensions.. time to find some new ones! The best way? By the price pumping to the trend line & creating a high fib to work our way down from. The price has gotten a big clogged out at the bottom, with not enough room to work our way down. So up we go! And then down.
At least, I think...
Two scenarios here.. but first!
First we touch the fibonacci extension down at .226
From there, I anticipate a bounce up to either the 38%, 50%, or 68% retrace levels of the inverse fib.
Scenario A: If the 88% level is broken, I think it's safe to say the bottom is in and PERP is now officially back in bullish territory.
Scenario B: If the 88%...
Inverse fibonacci at play-
en route to - 618 extension /
rebound there, meet newly formed MA &
reject- head to -1.618 extension, rebound,
come up, reverse 100MA/200MA cross, break
through long-term trend line, come back down &
touch it, fire off of it for support.
Hi all. Scroll down for the market analysis & skip all my anecdotal barf if you so choose! :)
I have been trading a handful of years now, really for the last two full-time, and quite frankly, I'm just wondering how everyone is doing right now?
I'm going to tell you how I'm doing, where I'm at for the year, a brief synopsis of how I arrived here, and then most...
Looks like the 100 MA on the daily chart is curling sharply upward, about to cross the 200 MA. The price is still below the 200MA on the USDT chart but I would expect the price would begin to pump there once this chart took off as well. They seem to basically be moving in tandem.
I'm eyeing both the BTC & USDT pairing of COMP (Compound), which, although a little different, seem to be telling a similar story. COMPBTC in particular has my attention because the price has finally made it's way over the 200 MA on the day chart, which is huge. All the MA's are curling up nicely under the price, and it's making me think we've got just a few more...
The overall pattern is a massive inverse fibonacci that's had a 227 touch followed by consolidation, & now, a higher low. The price will, I suspect, now form a regular fibonacci and touch the extension marked, which lines with the last price level on the small time frame. I suspect it will retrace there slightly, then continue up further. My ultimate target (in...
Like with most charts, I like to zoom all the way out to the monthly to see the larger picture at play. Here, it looks to be like there is a large inverse fibonacci retracement happening, in which the price has already hit the 227 extension. Combined with this, it looks as if the price has fallen within this large wedge, of which the month of July broke out of....
This chart is so interesting. You can really get such a good idea from looking at the 3 month time frame, and how the lower moving averages have some catching up to do with the price. However, there are also several smaller time frame moving averages pushing tightly against the price, as well as (previously mentioned), a trend line breakthrough, a retouch, and a...
618 fibonacci extension-
former trendline break
came back down & touched it
went down as far as we could but held up by MA's
inverse fibonacci in play on overall long term chart almost to lower extension
held up by all MA's on daily & 4hr
*Not trading advice.
This chart is similar to the chart for WISH, in my opinion. Similar, yet holds a few critical differences- primarily, the trend line placement & consolidation since March 29th. It looks to me like the price consolidated in this wedge, is being held up, formed a bull flag, came back down to touch it, & in doing so has consolidated further on the fib levels of a...
Onward, to the trend line!
Stock is reacting to an inverse fibonacci level which has traded sideways the last several weeks, and is now pumping to a major trend line.
$230 is where I'd expect to see some selling. The lower fibonacci level from there is a certainly a possibility so holding beyond $230 for me seems risky, knowing this trend line could easily...
Looks like the inverse fibonacci's have bottomed out & the price is smack up against a major trend line, with the 4hr MA's curling up nicely under the price, & the stoch rsi & mac d looking nice on the weekly.
*Not trading advice