We are apparently sitting on an older trendline that seems to be still in effect. nibbling off the 23.6% fib line effectively forming an ascending triangle. if you extend this trendline it crosses my 666 target right around the 3x timefib which is based on the uprun marked by blue vertical lines 0 and 1. line 3 is after 3x the amount of time between 0 and 1. The...
falling wedge (bullish) sitting on longterm resistance that turned to support (bullish).
I highly doubt its going to break the white longterm support line. Looking to accumulate in the green triangle area. Willy is stupid oversold and about to cross on 4h, meaning theres a good chance its going to reverse back up. Safest buy is definitely after break of red dotted triangle top. Unless we fail to break out before the 9th of july, where longterm support...
midterm 774, longterm 5000 - 7000 in september
wow it's clear now ... I randomly put those fib extensions on the last rally and find that my prediction (green) is ON POINT at the 6.666 extension :O bitfinex the satan's child
Check this out guys ! the mean for this cycle is around 608. thats where the triangle is closing. also price rendered around the same area above and bellow the mean. also price fell bellow the mean exactly at the halftime of the triangle ! isn't this stuff fascinating :O alltogether this "means" xD that something big is going to happen on or maybe before the 9th...
Annotations on the chart. Due to the fact that such triangles often breakout after 75% - 80% completion, the 0.764 fib seems to fit great. Also the month of July will then mark the beginning of a new cycle with a rally up to 6000 (10 times the value before rally starts, so around 600)
EURUSD heading into next downswing in my opinion. target based on rising wedge and previous lows at the same level. additional trendlines support this idea. the slope of the prediciton is based on the decreasing slope of the previous downswings. -- TV doesn't display the chart correctly. Please strech it on the y-axis to a point where the white lines cross --
Tight stop-loss above H&S neckline extension (thick orange dotted line) Great risk / reward ratio of 6.7 Amazing 2.6% Profit ( x2.5 leverage on Bitfinex: 6.5% potential profit )
You can use it for different things. my main use for it is to project targets based on impuls legs. not always will price follow the AB=CD target. instead it often reverses before reaching point D. This tool can help you identify alternative targets. Technically speaking the shown example of usage isn't called a fib extension but a fib expansion. you can get fib...
You can use it for different things. my main use for it is to project targets based on impuls legs. not always will an ABCD pattern have the AB=CD 1:1 ratio. CD will often be in a fib ratio to AB like indicated on the chart. using the tool you can find different levels quickly and even set your own custom level values. You can find it in your drawing toolbar by...
This should atleast make you doubt about shorting here.
In our current cycle we just experienced very similar action. be very carefull placing shorts rightnow
Broke out of triangle, retested it, bounced off. This confirms that the triangle top resistance now turned to support. Expecting an uptrend within the "ballpark" up to 777.
Uptrend with oscillating waves around the green arc to 780 ...
head and shoulders Like my Charts? Feel free to donate : ) BTC: 1F1jpj7X3oyKHpGJ98chr39NvpzSXuPrnC LTC: LbsfK54KWQnyELCRTg2e9vfy1R5X7Nkuwa
Look for Confirmation of H&S and trade accordingly Like my Charts? Feel free to donate : ) BTC: 1F1jpj7X3oyKHpGJ98chr39NvpzSXuPrnC LTC: LbsfK54KWQnyELCRTg2e9vfy1R5X7Nkuwa
Inverted Head and Shoulders is forming. Look for a safe long trade entry after the H&S confirms by breaking + retesting the red neckline. Potential for less safe trades in the meantime are indicated. Like my Charts? Feel free to donate : ) BTC: 1F1jpj7X3oyKHpGJ98chr39NvpzSXuPrnC LTC: LbsfK54KWQnyELCRTg2e9vfy1R5X7Nkuwa