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Fibonacci Cluster

BTC- Three White Soldiers Pattern?Hey everyone, today I will bring you my perspective on this rally. First, I can see a Three White soldiers pattern formed , with the only noticeable problem being the Volume dropping a bit while rallying. This pattern is common to see after a strong downtrend, indicating a possible reversal in the trend. We can also see that a Bullish Divergence as occurred (RSI) , and that volume was dropping from 20th November till 16th December 2018, which indicates that the downtrend was losing strength. According to My Fibonacci Analysis, there's a possible resistance in the blue rectangle (5740-5840). The odds are now in favor of going long rather than short, at least for a short-term. I will keep updating! If you want to share your ideas , comment down below and like if you enjoyed this analysis.
Long
by Vasques
EURJPY - Are we going to see a Top?This is a good zone to get involved in a shorting opportunity as soon as the Daily does not close above 129.50 As I enter on the Violation of the 1H Trend I have a Entry Stop Order below the Higher Low of the last swing. If the 1H makes a new Higher Swing then my entry will be placed under the next Higher Low. My first Target will be a re-test of the previous Daily-Low @ 125.209 My Second Target will be an Extension around the 123 levels Trend Analysis: 1D Trend: Bearish (Underlying Trend) 4H Trend: Bullish 1H Trend: Bullish Don't follow my trade blindly, follow the rules of your trading plan, if you don't have one: DO NOT TRADE!
Short
by xWolfxPT
BTC Fibonacci ClustersThis chart is loosely based on Carolyn Boroden's work with 'Fib Clusters'. I have plotted the 0.5, 0.618, 0.786, 1.272, 1.618 and 2.618 fib lines from every swing low to each of the next 3 swing highs (since the start of the bull). I've also got a $20k - $6k in there aswell. I find it interesting to see how at the $11.7k double top, price was rejected by a tight cluster of 5 and the $6k bottom is also comprised of a triple cluster. It's worth noting how price seems to move relatively freely between clusters. In the chart I have highlighted the areas where there are more than 3 fib levels occurring within a very tight range. These are the support levels I'm looking to if the $6k bottom is to bow down to selling pressure. Im eyeing the clusters with at least 1 pink line (0.618) as being the most powerful support.
BITFINEX:BTCUSD
by MissingAnderson
Major Confluence! Weekly: Price is approaching a Weekly Supply Zone that served as a previous 2x Top Neckline, it also wants to possibly retest the broken weekly triangle support trend line. Daily: Price will be looking to complete its extended 5th wave. Bearish Divergence. 4 Hour: Price broke through the Daily 0.27 FIB and is currently retesting it, if it breaks through the 4 Hour 0.618 FIB, price will extend to the 4 Hour 1.618 FIB in confluence with the Daily 0.618 FIB where it will find major resistance **Waiting for bearish confirmation between 111.000 & 112.000** FXLifestyle - Trade Your Future
Short
by FXLifestyle
4
GBPUSD - Short analysisA few confirmations line up for a potential bearish move in GBPUSD: - Harmonic shark bearish pattern - Fresh supply level test/rejection - fib cluster with 200% extension and 314% projection This in addition to the US dollar index finding support at a fresh demand level is my reasoning for a bearish bias. Looking here for a 4:1 reward:risk trade, with risk just above the swing high, and the target where the long term trend support line meets the fresh demand level.
Short
by JabezZinabu
Bitcoin to 13200$!!! are we in wave 5 ;) while everyone is banking on bitcoin to go down, I on the other hand believe that there is a strong possibility we will go to 13200$ before we continue our down trend. This is purely based on Elliott wave theory with Fibonacci and not factoring in other technicals, moving averages or news . Target 1: 10,800 $ (pink number 1) strong Fibonacci confluence target 2: 12,200 $ (pink number 3) target 3: 13,200 $ (pink number 5) strong Fibonacci confluence
BITFINEX:BTCUSD
by teddypuppybear
2
Big Bitcoin Bat? Soo let me start this off with the standard comments and disclaimers :) I personally am not trading Bitcoin at this time and am not advising anyone to enter any trades off the back of this post.All that aside, in going through some analysis on the chart there is an area of interest developing that if we were able to come down to, could provide some good opportunities for long entries. After the accelerated move up to 20k at the end of last year we have seen a huge correction of late. IMO, even without doing any chart analysis I think fundamentally BTCUSD is still headed lower before it starts to really climb again, but when we go through the motions and start taking a closer look at the chart we can see that there might be some other technical hints to that end as well. On the H4 and D1 charts, there appears to be a potential bullish bat pattern currently in formation. The D point for entry is down around the 5k level, which I think in and of itself is an interesting place to be but then we can add in another Fib level, that being the 161.8% extension of the A-B leg, and we find it right down around the same level. The traditional Bat pattern target 1 IF we get down there, would be around the 10k level which has its own significance already, and then a further T2 level around 14-15k - nice clean numbers which could be of some importance. Anyways, as mentioned before, I am not a BTCUSD trader, but just putting out a potential idea for anyone who might be looking to flesh out any of their existing analysis on this instrument. All that being said, watch BTCUSD now just sky rocket and never come back to touch the 5k level again :D
BITFINEX:BTCUSDLong
by bmck1
Week 8: Are we going to see the 10.5k? =DSince the beginning of the year we have been in a very strong downtrend, but technically the trend has turned bullish on the 4H-Chart as soon as the Blue Structure level was violated after forming a Head & Shoulders. Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since then, the Price is getting some seller pressure. If the price respects that resistance, it opens up 2 good opportunities to get long. Scenario 1 (Green Arrows) : This scenario is my preferable one, because: Breakout Confirmation of the Blue Structure Breakout Retest of the Head & Shoulders formation Fibonacci Confluence (61.8% from last leg & 38.2% from last bottom) If the price retests the Blue Area, I will wait for a candlestick formation to get long for a retest of the previous High Target 1: @9k and an extended Target 2: @10.5k Scenario 2 (Yellow Arrows) : This scenario is also a possible long opportunity if the price does not break and close below that area, because if it does, I will no longer be interested in a Buy, also on this scenario my targets would be more conservative: instead of aiming for an extended target I would only buy for a retest @7.5k for Target 1 and Target 2 a retest of the previous High @9k. If you like the Idea give it a thumbs up, leave a comment if you want to discuss it or have any question. Take care & Happy Pip-Hunting
Long
by xWolfxPT
GBPAUD - shortTaking a look at GBPAUD we see a few indications of a reversal and continuation to the downside: - Elliott wave completion of 5th wave on daily time frame - additional shorter time frame elliott wave completion on 4hr. - Fibonacci cluster zones lining up at fresh demand levels - Rejection of fresh Supply level at 1.80 - Bearish engulfing pattern to close the week on Friday This is a view of my directional bias for the week, not necessarily a trade setup just yet. However I will be looking for places to enter short and update idea.
Short
by JabezZinabu