Fib
13300k Incoming ? BTC/USD $BTC #Bitcoin #btc #cryptoBitcoin surged last night above 11800 and right now is 11950 - just under 12k . Surely 12200 will come soon. But more importantly we are now inside the 'blue' band of that pink and blue regression band . We had been in the lower pink part of that band for awhile but last night we broke up into the blue part of this 'regession channel '. That's bullish imo . That should mean we head up to the top of the blue area of the band . That should bring us to 13300 area and possibly higher ! I myself called for 14 k Btc by Halloween , see my idea linked below . Also the 13350 area is a .618 fib on the chart ( running your fibs from 2019 low of 3150 up to 20k . ) That's an important fib and almost certainly we are going there now . That red star on my chart should be the next level up we hit .
Patience definitely brings good things to those who can wait !
AMD/American Micro Devices CUP and HANDLE chart pattern.As it is clear on the chart we are witnessing a cup and handle chart pattern of AMD but I enter in a position after breaking the FIB RET 0.618 for lower risk.
AAPL/Apple Entry for Medium-Term (4H)After breaking the FIB RET 0.618 the price will go high with ease. This analysis is based on H4 so this is not appropriate for day trading.
EURJPY - Fib levels I don't use the typical multi TF levels.
I choose a bunch of TF that I am more comfortable with. (Thus the 2h chart)
I have market everything on the chart for you. I prefer to keep the chart as clean as possible.
And Personally, I am not a big fan of candlesticks. Whether on the chart or off the chart.
Focus more on your risk management and psychology, cause the technical part is the easiest part. It is the Risk and the psychology that absolutely murder the retail traders. Not the technical.
Happy trading and stay safe. :)
EUR/USD H4 TechnicalsPossible Long on the Euro-Dollar
Identified with the following:
- Fibonacci retracement on the 0.382 Mark
- Supply and Demand zones
- Trendline
Looking at a higher timeframe (D1), the ED is considered to be in consolidation. Take note.
Heightened volatility incoming with the elections just a few days ahead.
AUDUSD - 4H Short TermWe have just broken a resistance zone on the daily and lower timeframes, we should expect a retest before we reject / break the previous lower high (black box).
Some high impact news out for this pair Thursday, not too familiar with this pair but should the news coincide with the PA over the beginning of the week ahead, I would expect this sort of move to come through.
Sells within the black zone above seem ideal though I would wait for confirmation of another lower high to continue the move downwards.
GBPUSD BUY MODELBEAUTIFUL PRICE ACTION, AS SHORT TERM HIGH GOT RAIDED, PRICE THEN RETRACE INTO AN 1HR ORDER BLOCK AND CREATING THE LOW OF THE DAY. PRICE GOT A BEAUTIFUL REACTION TO THE UPSIDE ONLY 4 PIPS IN DRAWDOWN IN RETURN FOR 156 PIPS IN PROFIT. (SIGNAL CHAT IN MY PROFIT BIO IT FREE IF INTERESTED)
$JMIA (Start of wave 1 after zigzag countertrend) PT $16Tony's Picks
I have recently started analyzing charts and have come across this interesting idea.
This chart is on the 4hr time frame. It looks like $JMIA is about to enter wave 1 after a 5-3-5 zig zag countertrend according to the Elliot wave theory. This idea assumes everything prior to this trend was just an IPO countertrend. Wave 2 two bounces off the .618 from wave 1 fib retracement perfectly. On the weekly chart it could be argued that we are still in one large wave 1 on macro level. I could see a $16 price target being realistic based off this chart. Expect volatility as $JMIA still has a lot to prove.
Curious to thoughts and comments.
Thank you.
AUDJPY Short PositionI have entered a short position on AUFJPY for the following reasons:
4 hour fib retracement to the 78.6% area, which has previously been a good area of resistance
There is the formation of a double top at this 78.6% area, enphasising the potential for a downward push
A glance at the 4H linear regression shows that price is currently above the mean and also shows a downward bias
My take profit has been set at the 0% fib level, which has been a strong area of support.
This trade gives a solid risk/reward ratio of 4.26.
eurjpy sell potentiallooking retest previous support structure as resistance on daily timeframe, as well as rejection off the .5 fib around that level , plus when we get to that point which I've circled roughly (purple) we will have ran out liquidity from the sellers catching there stops from where I've put in a solid yellow ray , finally I've circled on the RSI point which I believe when price gets to the desired point which I've circled well have bearish divergence forming there on the 4h timeframe. WATCH STRONG WICK REJECTIONS ON THE TRENDLINE.
Possible Fib retrace starting, multiple factorsMultiple factors point towards a fib retrace starting here, if it can hold the .236 fib at approx 1901.6.
Inverse head and shoulders formation, we also had a RSI breakout at the bottom of the move.
We have also potentially broke back up into the descending triangle which we broke down from. Looks like the .382 could meet with the descending trend line and would be the approximate measured move of the inverse had and shoulders at 1934. We can take some profits there and see what happens.
Want to be my first follower? Criticism welcome and appreciated!
AUDPY POTENTIAL SELL BREAK AND RETEST OF FORMAL STRUCTURE ASWELL AS IT WILL REJECT .5 FIB AT THAT LEVEL WITH BEARISH DIVERGANCE AND CREATE THE TOUCH ON TREND LINE GOOD 1;6 PENDING
SPY Hidden Bearish Divergence is BackVery clear on the 1 hr and now 4 hr charts for some hidden bearish divergence (possible continuation of trend) which was selling. We hit the .382 fib from previous high to low. I am buying puts for my next target which is the .382 fib to the downside around 306-305 area.
It is possible that we move slightly higher to the .50 or even hit a full measured move of the possible falling wedge but i have what i need to start shorting
SPCE - Watching for a reaction to the 1.618 Circlein this experimental design price did appear to curve with the .618 fib circle - looking to fade the move if we see market consolidation, a gap-up would provide the best risk/reward
Gold Short IdeaGold BUY
Term: Short (15min TF)
Entry: 1853.825
Risk Reward Ratio: 1:2.3+
Take Profit: 87 pips
Stop Loss: 34 pips
YFI - Quick Update. Spiffy Yfi? Or Looking Iffy?I'd say that's confirmation of that upward channel I previously spoke of.
Set TP's all along the fib. I've had a good time so far.
Potential for a bounce! Keep an eye on the yellow box.
We've got good MACD on all front
Stoch is oversold on 4h, has headroom on daily.
volume low. beware.
Told you it was quick. I'll post more in depth on what we see tomorrow.
Have fun and good luck.
Euro: 1.16620Hello everyone,
Posting an idea that I have with EURO as we come to a close for the week.
Expecting to see some bullish momentum to the upside (1.16620) before seeing another downside rally.
EURO and NCLH both provided great trades.
Currently have long positions running on EurUsd
GLGT
