Just for shits and gigs and to say hello to you all..
Gold has been stuck in this falling channel (Fibonacci channel on my chart) since topping out on August 6. Pay attention to 0.618 Fibonacci level which is coloured in red - I'm talking about the channel, not horizontal Fib retracement! This red shaded Fib channel acted many many times as resistance, then we saw a fakeout, then resistance again and now it looks...
Greetings! Precious metals and therefor AGQ look attractive on several time frames for both traders and investors Here is a quick run down of why I am in AGQ as of today (p.s. this isn't financial advise, it is why I do what I do): Price action just retested previous horizontal resistance as support at 39.5 popped below the daily bollinger band and is...
The last month ETH and other alt coins have been lacking BTC, It seems that ETH is now trying to catch up. On November 6th ETH broke through the trend line that has acted as both support and resistance since the beginning of August (white 1.0 line in the fib. channel). There has been some accumulation above the trend line for the last 10 days which shows...
Nice and clear up trend on the Turkish Lira with many buying opportunities, I guess we'll see some corrections and we can buy when touching the lower boundaries of the Fibonacci channel and we see HH and HL on the 1H chart.
To answer the title - both. It's always good to hold gold as a core, however, it may be time to start thinking of hedging or perhaps trimming up some tactical positions. Gold is getting a little extended here on a monthly time frame. For a pullback, if there is one, I'd look to the original breakout point which sits at 1831.7. Of course there is the argument for...
Hello Everyone, #GBPUSD, trend is down. If we get good signals (such as breaking SL then LL/LC) with regards current trend continuation, there is good opportunity to see Cup & Handle Formation. Then, taking care of Fibonacci extension and support/resistance levels, good opportunities may shown up. Please note that the ideas are not a recommendation for...
Trying out Fibonacci Channels, Elliott Wave counts, with Fibonacci Extensions and Retracements correlations for price and date targets Estimates: Wave 2 finishing around $8200 (50% of wave 1) Right around the halving Wave 3 finishing around $18000 (161.8% of Wave 1) Date target May 20th Wave 4 and 5 are questionable and dependent on Wave 4's behavior Estimating...
Bitcoin bounced off of the 38.2% Fibonacci retracement level and fell to $9850 in a trend that has been developing since December 2018/2019 swing lows, and June 2019 swing high. Bulls are still holding the supply line of the Fibonacci channel it has been respecting since December lows. if this channel breaks with a close outside it, the 23.6% retracement level at...
Ethereum (ETH) has been running against Bitcoin (BTC) since the beginning of 2020 which is likely due to the much greater pull back from all time highs (ATH's) in 2017. However, developments in ETH may make it a more profitable investment in the 20's. There is room to the upside of the channel without a parabolic breakthrough as ETH has tested the top only to pull...
Long green box; short red box; yellow lines are targets if either box is hit. If you have any suggestions on how this chart could be improved send me a pm. If you have any questions regarding the chart, please leave a comment. I am not a financial adviser, please trade at your own risk.
Price breaking up back inside to the Fib Triangle( see link on chart ) Price on natural gas has to climb back up through the upper resistance of the Blue triangle so bulls get more chances to square up after the gap we had last Friday sending the price to test the two different resistances above it - green and if breaks through that red line to follow where 50...
Hello Traders. I have focused primarily on forex as of late as it has become ever more clear that Bitcoin intended to have a period of consolidation. Now, I will preface here by saying BITCOIN THE KING has been my first love in trading. I learned from crypto, and am as close to a perma-bull as one can be in this game, and still be successful. THAT BEING SAID,...
COINBASE:BTCUSD