Hey my dudes, here's my take on the current VEN/BTC situation, I love this project and I'm definitely long on this one and it's looking like the stars are lining up for this. Here's the very short-term idea I have and I'll post a bigger picture if this one is correct.
BTC did a dead cat bounce on ema150 (same level with a little support at 9910 and same level with level 0.786fibb) then did another dead cat bounce on ema 200. Looks like btc is going down to around 7950 on level 1fibb where is a nice support. On RSI it looks like it's going oversold soon... so will btc make another dead cat bounce and beat the support at 7950 to...
Go ahead and take the potential 90ish pip short then continuation to the upside. The trend up is too strong to be ignored and we will push higher
Very Strange that here don't have basic Fibo Fan, but have so many updated instruments for incredible trend measurements, which in not in basic technical analysis. A bit fixed own Fan, can image new down trend RES and SUPP lines. Matching with Fibo Retracement i pointed out most critical price-levels on fresh down trend if it is. Can see that they are was...
A small exercise, using Fibonacci to find trend lines, support and resistance. If the trends shown have any value, with every step forward we take consolidating, we inch away from this bearish mood. Until we break support or resistance, I wouldn't recommend trading large values. Keep in mid that I used no indicators, and as far as we are concerned, in the long...
Overall GBP trend is LONG (Daily) before we rise up and shoot to the -27.00% fibb target (which also lines up with the 200 EMA) we have 100-300 pips potentially to fall. I believe this is where the market will trap traders before resuming long. Heavy Fundamental News coming out this week, trade safe!
After tremendous bullish movement we have: 61.8 fibb level, previous support/resistance level AND a hopeful trend line roof to support a short sell. Risking 40 pips to make 120+. Only trepidation i have is that we are not QUITE at the 61.8 fibb level. Advisory: we're just coming off a STRONG uptrend and we might still be in it use medium risk.
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Hi guys GOLD in nice sell mode,wait for the flag breakout to enter short
Waiting for the price to retest the 116.600 area. Once price reaches our target we will go short! TP: 116.013 (51%) SL: 116.971 (31%) R/R Ratio: 1.65 Happy Trading, A.S
Stock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal. Yeasterday it went through lows but managed to get back and closed on highs. Showed us relative strength vs broad market (SPY, DIA and QQQ...