Fibo
EURCAD SHORT AFTER THE LONGwe caught the long movement of the price , now we getting ready to hit the short movement , here i see a strong momentum on the bulls , so i'd be very careful with this short placing a position little bit smaller thant the regular , cause the price may break this channel and try a retracement of the major downtrend , let's see what will happen , surely if the price breaks the channel we will wait the retest and place a nice buy position to catch some profit off the upside movement .
cheers .
Despite the bullish momentum, the global market is still bearish#BTC
The resulting bullish momentum can maintain a positive attitude in the market, indicators of average timeframes look optimistic, the chances of continued growth are present. We received local resistance around the level of 3600, the breakdown of which will form the movement towards the test mark of 3800 and possibly into the region of about 4000, there are few chances to break through, the market is still weak and the volumes are not sufficient for moving up. Such an impulse, as a rule, needs correction, but now we can roll back, we meet support closer to the level of 3400. Of course, if we manage to break through above 3,600, then after the growth we will likely go down, possibly closer to 3200, and then we can touch up to 3000. Globally, the trend remains bearish, capitalization is likely to step below 100 and the higher we rise now the more chances for a successful short.
BNBUSDT LONG strategy 30.11-03.12I'm thinking, that BNBUSDT should reach 6.0 $ in three days. Why?
Coz with 10x less volume than TRXUSDT it anyway should mirror TRXUSDT trades history.
Up to my analysis it may happens in these days. I locked the price in the channels and fibo.
Last 24 h, I'm trading only BNBUSDT, but look on TRXUSDT first when it was 0.013992$, but missed the possibility to trade TRX. Don't want to miss BNB move.
Disclaimer: I'm in trading only 1 year, I'm still learning, for me my charts, is the way to learn and get some feedback. If you want to use these ideas, better to chat firstly and find some patterns together.
P.S. In 24 hours I made 6 trades on BNBUSDT, price range was 5.12 - 5.48, profit 0.002%, now price is 5.4312. I'm on USDT and waiting for the next opportunity
Bitcoin: Fibonacci buyers power estimationBuyers were used to try rallying Bitcoin to the natural 382 level after an important dip and a massive quick sell.
Let us see if buyers are still reproducing this 382 retest, if they are stronger (goes above 382) or weaker (cannot reach 382).
This is a way to check how powerful the buyers are after this very important sell off (that could have been the capitulation, who knows), if they are willing to retry giving a chance to this asset now after such a dip, or not.
BTC / USD Forecast - Bottom between 2018/11/25 - 2019/01/13BTC is in its final stages of the 12 months decline. We expect a bottom between the time frame around November 25th and January 13th 2019. Usually the Fibonacci fan is left earlier and prices dont follow until the end of the time target (in this case January 13, 2019). We expect a higher low around January 13, 2019. After January 13, prices have according to fibonacci, social mood and mass psychology the best setup for higher prices.
The target to the upside is already set for 2019.
Please be aware that time targets are more important than price targets in our forecasts.
Nevertheless, we expect the price target around 4.200 at the moment.
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AUDCAD inside perfect fibo levelsAUDCAD is bouncing perfectly inside fibo levels.
Fibo 61 resisted very well two weeks ago and last week fibo 50 was strong.
My trading plan for this week is:
- Sell stop few pips below fibo 38
- Stop loss at fibo 50
- Take profit at fibo 0
- Risk/reward is 2.86, not bad!
IMPORTANT NOTE: I'm not writing price values (and rarely I do) because I suggest you to check the correct fibonacci retracement levels with your broker.
ADVICE:
This idea is based on my researches, do your own study and don't invest based on this idea only.
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NZD/USD updateI got a request for NZD/USD update. My analysis hasn't changed. I'm in from the tip, from the bottom. I said I would let it run, if it came down and took me out, fine. I would look to re enter upon a setup. Looking for long term trade to box. I have to assume that we are in a correction right now, possibly a flat, to at least break the high of the correction one more time if price was to reverse, but I am not entering it here, I have no need to take any risk.
NZD/USD I told you the level below the pitchfork. I told you the pattern. I haven't touched my paintbrush mark when I told you it might make a running flat to start the week in the weekly outlook video. I did all I could do.... At this point, my stops in profit from the tip. If it comes down and takes me out (I don't think it will), I will simply enter again. Looking for 50-62% retrace. Need 4hr to daily corrective structure to get in at this point. It will correct eventually. I like NU better than EU or the others because of the wave pattern it made and considering the other NZD pairs...