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Fibbonachi

ALGO Long: Update My initial thought was about .65 pivot after the last correction but overthinking and a busy day with errands blindsided me into hoping for a drop even lower, therefore I did not open an order and missed a chance to make a sweet little profit as it did move from .65 to about .69 before a tiny retrace back into the .67s. The volume is very very steady at a normal pace, not much volatility and seems to trend upward within the channels I've drawn. Buying pressure is winning here and I did go in during this last retrace, albeit a mini retrace and plan on longing until the next target which I have at about .77. Keeping my stop loss tight as I don't want to lose profit I gained from the long I opened yesterday morning and closed after the run proceeding FIFA news. If I see price action fall into the support level under the trend line I've outlined, I will look for an exit. I'm learning TA on my own by reading books, watching videos and trial and error. If you like my thought or are more experienced and think I'm on the right track, please hit "agree". Thanks!
COINBASE:ALGOUSDLong
by peppermintschnaaps
1
ETH - you rascal I find drawing trendlines are almost always accurate in the long run predicting price action (sometimes in the short run it's extraordinarily accurate as well) add Fibonacci and a lil experience and I would put this chart at 70% accuracy. Plus the market maker(s) exchanges are not giving free money to shorts. * is anyone could see this chart is entirely speculative, and *should not be traded around****, yet if Ethereum Price action is following this pattern generally feel free to use this as a reference. Good luck and best regards
COINBASE:ETHUSD
by Joseph_MG
BEARISH and UP - Long and Short?Using the Fibonacci and harmonic patterns , this seems plausible as market makers etc. are motivated to wiggle profits from shorts (free money isn't given to anyone) Definitely don't trade around this pattern it's completely speculative, however if BTC generally follows this price action use this as a reference Good luck and best regards Feel free to look at some of the other harmonic patterns I've put forward (before and after charts) many are extraordinarily accurate, and some were entirely wrong. Good luck and best regards
FOREXCOM:BTCUSDLong
by Joseph_MG
BTC - Weekend pump - Midweek DumpAlong with Fibonacci / harmonic patterns - and also using BTC past price action as a vector, this scenario seems plausible to me. * at point C. in this harmonic pattern I don't think there will be a sudden drop in bitcoin price(at least any more than usual ;) *but rather a smooth consistent markdown. This chart is an idea and should not be traded around. ***BTC could very well bounce at $41725 to proximal new highs e.g. $50k or higher - however I am posting this chart with more confidence in downward movement. Good luck and best regards
INDEX:BTCUSD
by KIDDBIT_CLE
BTC - For Fun (scalp test)Using Fibonacci/ harmonic patterns - this chart shows in general what price action may do over the next 8 hours. *with certainty price will not follow this chart precisely (it's possible it may not follow at all) posting charts like this keeps me sharp and constantly improving - as posting this publicly adds pressure to my charting - to constantly improve on accuracy. Do not trade around this chart as well as it is entirely speculative, however it could be used as a reference if price action is following this general movement As always good luck and best regards
BYBIT:BTCUSD.PLong
by Joseph_MG
1
BTC - It's ShotBTC at $37500 in the next few days? * Appears to be the most likely scenario (of course it won't go straight there will consolidate, make short term markdowns and pumps) and there are two bounce scenarios here in this chart, one bounce is higher than the other, however both lead to the same place $37500. And by no means am I a bear I love BTC and crypto, and I also see this thing dumping further. Looking at the entire pattern it appears to me the price was artificially pushed up to sell into fomo to profit from new buyers. * in the past year almost every time I look for "the bounce" during a certain short term downturn like this- there isn't a bounce- it just keeps dumping For what it's worth Good luck and best regards
BITFINEX:BTCUSDShort
by Joseph_MG
1
BTC - Push UP - Then DumpOf course BTC could dump at any moment, although it appears Price will move up to buy back shorts and then dump. This is similar to another harmonic pattern I recently posted where the price did not go up as high, look at them as competing patterns. Whether you were long or short, market makers and exchanges are about to give you a bunch of free money.. This chart should absolutely not be traded around, as it's purely speculative, however if price action moves generally in accordance with this pattern it could be used as a reference. Good luck and best regards...
BLong
by Joseph_MG
EGLD - The Next Healthy Pump And Dump Using Fibonacci and harmonic patterns (and possibly some good luck) it's possible generally to predict future price action(depending on conditions- The price action in this chart is entirely contingent on moves that BTC makes. iPhone eights closely at any Alt coin chart - BTC's signature is ever present. In no way is this chart meant to be traded around. However it could be used as a reference to give you ideas. * this chart will certainly be invalidated if BTC makes a significant move downward Good luck and best regards
Long
by kiddbitcleveland