Lithium Battery Grind - TESLA vendor playLIACF is likely provider to TESLA for their batteries and 2h north of plant and founded in 2016, good TESLA timing for Lithium.
They have cheapest mining processes and under pressure from market correction and headed to 0.35-0.39 from current price
before hitting resistance. Looking at LIACF opportunity for entrance and solid 20-30% rebound vs BITFINEX:BTCUSD
382 Fibonacci Retracement
CANNTRUST HOLDINGS - TEIR 1 STOCKCNTTF CRON CGC TLRY APHQF
* CannTrust Holdings breaking out on harvest time sales about to commence....profitability as a Top Tier Cannabis stock, usually the least favored of this group I might add.
* Buy low, sell high, don't loose your money.
* chance to get more or first half share at $9 382 retracement after buying market order, can always buy more on the dip.
* Oct. 17th coming folks
* longbuylongsell by @MarxBabu Note: CCI shows excellent agreement to blue entry timing here with day chart, so MACD left out.
Disclaimer: Sorry volume with left handed index of volume # makes chart so busy and would love to have a reducting to 1/2 or better 1/3 the size.
About: CannTrust Holdings Inc is a Canada-based company, which produces pharmaceutical-grade medical cannabis for patients. The Company is a federally regulated licensed producer of medical cannabis products. The Company operates a hydroponic facility and an onsite laboratory for testing and research on the medical use of cannabis. The Company's exclusive pharmaceutical partner is Apotex. CannTrust Holdings Inc's products are divided into the following: Products Type, such as oil, dried cannabis, accessories and patient ready; Strain Type, such as hybrid, sativa dominant and indica dominant, as well as Strength, such as strong, mild and moderate. The Company's products are sold online through its Website.
Shorting The 38% Retracement In Bitcoin (BTC)After a period of considerable strife surrounding Bitcoin (BTC) ETF approval, the crypto sphere has rebounded. BTC itself is in the midst of a three-day winning streak, a far cry from the pain of early August.
For the near future, I will be looking to sell BTC from the $6849 level. With an initial stop at $7001, this trade yields 150 ticks/pips when implementing a tight 1:1 risk vs reward ratio.
It has been a solid seven days for the big four cryptos. In the event the rally holds strong, this trade may come into play in coming days.
Usd Cad potential Sell setupsimply retest of the .382 level, short sweet and to the pips.! Your Welcome.!
short in shrt termHI friends
gbpjpy can decrese to 145,5 and after that we cqan buy with the sl breaking the support line
gbpjpy can decrese because of fibo zone,
38%-50%-88,6% fibo retracement can press for a short trade,
UsdCad Cypher bullish 3H. Hello Again!
Here we go, let's wait for the D leg, on the retracement 0.786.
TEST
In the meanwhile, i will try something new, gonna make a trade, of the retracement from the C leg.
Targets 1: 0.382
Targets 2: 0.786
Stop loss: right above the 1.414, where the cypher will get decline.
RSI: Oversold.
Gartley Pattern Says Sell BITCOIN?!As it was indicated in my previous BTC analysis, the price went up and then formed a shooting star candlestick, which is a reversal bar. There is a structure level at 10127, which acts as resistance level. However, it seems the price already started to go down, as the sellers momentum already there. Moreover, the BTC formed a Gartley pattern that reached a reversal 127% Fibonacci extension. From this analysis, it is expected that the BTC price will go down and Gartley pattern provides the levels for entry and exit.
T1 - 38.2%
T2 - 61.8%
- Follow & Comment -
ETHUSD - Retrace Before A PlungeHey folks,
Straight to the chart ---->
Look at the fibonacci retracement levels. Both 38.2% retraces of 2 different fibonacci retracements converged at $810. If you look left you can see previous structure low exactly at this price level. RSI is oversold which indicates a reversal. According to the fibonacci extension the next support level is at $734 unless ETHSUD breaks the 38.2% retrace and continues its rally.
Please REMEMBER that I give you my observations, you form your own opinion and trade it accordingly!
Please NEVER forget to do your own research before considering any investment. Fundamental analysis is also crucial so you have to read the news, updates and about the upcoming events related to a particular blockchain project.
Hope you will find my analysis useful! Stay safe ----> Hedge ----> Diversify ----> Be cautious! - Together we will beat the market!
USDCAD SHORT IDEAUSDCAD continued to move lower as BOC raised interest rates to 1.00% seeing investors run to the Canadian Dollar.
Technically we are watching for a pullback into the lows and 38.2 fibonacci retracement before looking for a short opportunity.
AUD JPY Possible Double Bottom. Possible Double Bottom on AUD JPY. I know its on a downtrend, but It may come back up and retest Key Fib Levels before continuing any further. Set a STOP at the Previous structure LOW at 45 pip risk. 70 PIP TP for a little more than 1:1 ratio. Will Take Profit at .382 level and wait for a double top for a downward continuation.
Ripple interesting price action 4H chart Bitcoin is on the rise when I'm posting this idea. Orange ticks marked double bottom formation which is holding pair above this level. As you can see important Fibonacci level 38.2% (combined with round number 3K) was rejected 13th of April. Pair is in consolidation for few weeks. Market is respecting support at 2600 which could be use as the Stop Loss area. It is seems to me that pair is trying to leave triangle which is suggesting bullish movement. Theses days shorts on any crypto are not really good idea in my opinion. There is more chance that pair will go north or consolidate then will go down. The 38.20% area is important here and if broken it will increase chance that pair will hit 61.80%.
I see three possible outcomes here :
(I'm think that first two are much more possible than the last one)
1.Pair will break 2600 and go down to meet 200 ema and or 2000 level just to bounce back
2.Pair will never touch the support again and will go north towards 61.80% level
3.Pair will go down break the support 200 ema 2000 level and will try to reach 1k.
Dash possible downtrend extended I marked few important price actions. First harmonic formation appeared at the end of the March. There is a rule where 61.8% retracement is corresponding with 1.618% and 32.8% retracement is corresponding with 1.328% which gives us perfect ABCD formation where AB = CD. Another signal for further bullish movement is fact that pair is trading below 200 EMA. I think that doji candle created 3rd of April gives us false bullish signal. This lowest low from 3rd of April in my opinion will be beaten by another lowest low.
I set SL close to the EMA but this is risky I would prefer to set SL just above 0.70000(it is marked on the chart)
I would wait for better opportunity then this one as the risk ratio is not so impressive and I'm not really sure where should TP area be. I’m pretty sure that it will go lower than the Doji form 3rd but I'm not sure how deep pair might go.
Is AUDUSD ready to reverse?Hi guys,
this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence.
If price shows us some buy signal it would be a good chance to go long and make some profit, risk to reward ratio seems pretty good.
Keep you updated.
If you want to share your idea about this or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
SHORT TRADE ON EUR/GBP Triggering the Article 50 was bullish for the pound as I expected. Three long red candles appear last week and we are now seeing a retracement. Indeed the pair reached the 1.618 level of the first impulse and we might expect a retracement to the 0.382 level of the second impulse. The pair also challenged the 200 EMA and it might pierce it soon.
Best level for the short entry is 0.85747 and the stop loss should be placed at the 0.86355 level.
The pair is up today because of the lower than expected UK Manufacturing PMI . However I am pretty sure that the BOE will need to react against the rising inflation by raising interest soon.
Moreover the election in France is bringing uncertainty to the Eurozone, we should keep an eye on the next debates but keep in mind that the markets will go mad if Marine Le Pen reach the second round. We should hope that she is not elected because that would create a big crisis in the Eurozone. I'm seeing a Macron vs Le Pen face-off for the second round and with his centrist views he might steal the vote from both the left and the right parties.
Keep an eye on the trendlines and the big support at the 0.83045 level.
Cheers !
Sterlin sets up for a relief rallyHi guys,
today gbpusd is coming back to retest a daily support/resistance zone, therefore i want to look for some opportunities on the lower timeframe. On the hourly there's a nice pinbar that tells me there's buying pressure. Besides, price has also created a double bottom with RSI divergence that you can see on the chart above.
The consequent break of structure to the upside makes me think it could go higher on this short timeframe.
You can use the 2618 strategy to buy the 618 retracement, with stops below the low and target1 at the retest of the highs, target2 to be determined.
If you want to share your thoughts or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Sterlin sets up for a relief rally!!Hi guys,
today gbpusd is coming back to retest a daily support/resistance zone, therefore i want to look for some opportunities on the lower timeframe. On the hourly there's a nice pinbar that tells me there's buying pressure. Besides, price has also created a double bottom with RSI divergence that you can see on the chart above.
The consequent break of structure to the upside makes me think it could go higher on this short timeframe.
You can use the 2618 strategy to buy the 618 retracement, with stops below the low and target1 at the retest of the highs, target2 to be determined.
If you want to share your thoughts or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Double Top on USDCADHi guys,
today i want to share with you a simple setup we have on USDCAD. The overall trend is bearish, and price is now testing the 382 retracement of the bigger impulsive leg. After the first failed attempt it has came up at the same level creating a nice double top. If the current candle will close red, then i will be shorting this pair, with first target at the retest of the neckline, and the second target at the bottom (around 1,33).
Let's wait and see.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
AUDUSD bunch of clues!Hi guys,
just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing.
So the first thing i want to see is that price is at a structure point, then i go into details searching for reasons to go short/long.
In this case you can see on the 4hr chart we have an AB=CD pattern already completed at a psychological number (0,7500) together with a 382 fibonacci retracement (of the bigger daily leg) and an RSI divergence.
In conclusion, i'm waiting a little pullback in order to get a better entry and therefore a better risk to reward ratio.
Hope you like it!
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
AUDUSD nice confluence!Hi guys,
just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing.
So the first thing i want to see is that price is at a structure point, then i go into details searching for reasons to go short/long.
In this case you can see on the 4hr chart we have an AB=CD pattern already completed at a psychological number (0,7500) together with a 382 fibonacci retracement (of the bigger daily leg) and an RSI divergence.
In conclusion, i'm waiting a little pullback in order to get a better entry and therefore a better risk to reward ratio.
Hope you like it!
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Trend Continuation Trade AUDJPYHey guys,
today i want to bring you some pure technical analysis. As you can see on the chart above, i've written down some simple rules. As a trend continuation trader you want to follow the major trend: in order to do so having the big picture is key. The break of structure you see here is in fact a multitimeframe break of structure, since we've also broken the daily resistance (black line).
Being the case, i know the overall condition of this pair is in accordance with my trading timeframe bias: and that's always a good sign.
As you may already know, also having a nice risk to reward ratio is key to trading, that's way you should expect price to come to you instead of rushing in order to buy as soon as price accomplish to install new highs.
The box you see on the chart is actually a visual representation of the zone where i'm interested in buying the market, knowing that i'm going to have a positive RR.
Now, if i put an order at the retracement of every break of structure i see i'd defintely go broke in matter of days. Like i said earlier, don't be in a rush. When price action comes to you, then you should wait for a confirmation of your predetermined bias.
You need to have an entry technique so that you can have an edge on the market and you can see how this edge has worked in the recent past.
You can use whatever you wan to use, engulfing kickers, double top/bottoms, higher high higher close candles, as long as you're consistent with your strategy and you've proven to yourself it is actually profitable.
Take your time, find the best entry technique that suits you and then test it!
It's the first step in order to become a succesful trader and you can't miss it.
Hope you get something out of this.
I'll keep you updated on this trade.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart!
Think wise.
