Bitcoin further downslide Fibonnacci is drawn from 0 to wave 3
if it breaks the 9250 level, than we might see further downside.
which is level 0.886 on fibonacci
if the 9250 level breaks, 0.886 on fibonacci
and we continue to the downside,
we may se a retracement to 10100. which is level 0.786
on the fibonacci. if the
wave 3 is completed on level 1, fibonacci
if the price will complete wave 5. Level 1.272 on fibonacci
a correction will occur to aprox 8700-8900. level 0.886 on fibonacci
I could easily see the price slide to 3000.
Level 1.386 fibonnacci
Fibonnacci
XLM; Expert view explaining price movement and expectationsIn my previous post, I illustrated a possible trade, which initially started off very bullish, yet turned out to be bearish. A triangle with everything going for it could still go both ways: break out through its resistance, or fall through its support. The second scenario happened; as soon as it broke support, we knew the trade wasn't worth continuing.
I'm following up on that post, showing what happened then and since, and what we can reasonably expect going forward.
Stay tuned for more interesting stuff and feel free to reach out if any questions!
Link to my previous idea (note: I forgot to put the "?" at the end of that title :-) )
Short Term Long - Symmetrical TriangleNeo has been volatile since the announcement of the announcement and it left many disappointed. It formed a symmetrical triangle as drawn on the chart. In the Short-term, it is bouncing nicely off the the bottom triangle and expect a minimun bounce to the 39-41 area. Typically such a formation will result in a break to the downside, however, we can never know for sure. On the chart are targets for the upside scenario and the by back in case it drops.
Good Luck!
EURUSD - Retest of resistanceBelow you'll find an analysis on EURUSD H4 chart.
Price on H4 broke the upsloping trendline to the downside. After a retest of the trendline price continued to move lower. Subsequently, price broke through support, found support on 38.2 fib level and is now testing resistance (former support). If price is not able to break through to the upside, more downside potential will follow. Next supports are the 38.2 and 50 fib level and the support at 1.1735. 1.1735 is also the target for the short position.
If you have any questions or comments, feel free to post!
Happy trading!
DAX 1H chart - EW analysis - posibble short trade / ECB meetingAfter a breakout of the triangle we see an ABC correction, a possible retest of the breakout which should stop around 13.020
The BIG C wave might not be finished yet and price could fall until 12.8XX to finish the correction.
However over 13.070 we are back in the trend, old target around 13.500 (see older posts) are still on the table.
Bitcoin compared to DASH, LTC and ZECHow do Dash, LTC and ZEC move against btc? Can we learn anything from their relative movements?
Orange arrows indicate the tops in altcoins which usually results in a stall or minor consolidation in btc price
Blue arrows indicate bottom of alt moves and either coincide with or lead the rise in btc price.
Check the fib retracements to check for potential bottoms. We already had a wick to 62%
New moon was on the 25th and may coincide with a local top
50% R2R (Circular Geometry)50% R2R (Circular Geometry)
The large Price/Time Continuum Harmonic is completed, the 2.618 Arc has been reached.
Is a 50% Retrace 2 Reload needed, are there any indications it will.
No large Retraces have happened in Bitcoins recent rallies.
Yes, minor corrections to the .236 or .386 but the last major 50% retrace was on 03/03.
So yes maybe we are overdue and is this the market structure being build.
Is this the third driver? and are we in for a big retracement/Correction.
I doubt this strongly there is simple no reason for people to sell and Bitcoin is getting exponentially scarcer over time as more people want them.
Injoy
Om Sri Satoshi Ji Namah
OM Sri Satoshi Mahadev! Jai!
OM
ETHBTC opportunity for short positionETH had very interesting movement for the last couple of weeks and I think that the losses are not finished yet.
There is a big bearish candle from 3rd of April. This kind of big candles tend to create support/resistance which is placed at 50% of Retracement of the body of the candle ( shadows doesn't count).
…Yes you can apply this kind of analyze to any other big candle but this level seems to be respected for last couple of days.
I marked something similar to double top where 0.04075 was hit twice with doji candle. I consider this as the confirmation for further loses.
Pair is trading below 200Ema which is another signal for bearish movement.
I would put SL above the green line and TP as follows:
0.030000 Most likely
0.025000 Probably
0.020000 well it is possible
I would advise to open position with small stake only.
Gold - which way ??????Case for a buy - if price closes above the 9 ema , gold may be a buy towards the .618 retracement.
Case for a sell - if price closes beneath the 14 ema , gold may be a sell towards an equal legs projection towards 1001.
A move to the downside seems likely because
i. Price has nearly made a 50% retracement.
ii. Hidden divergence is present. ( it may or may not be significant).
iii. That RSI ticked below 70.
iii. Risk reward favours the downside.
I would appreciate any assistance, with comments or ideas.