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Fibretracement

Where are we in the correction? BTC 28 JUN UPDATETL;DR I am expecting a slight pump (motive) wave inside the correction that we are in right now. (see 'c' to 'd' purple line). This MAJOR correction started when BTC fell from 10k and it *COULD* end at $4.7-5k over the next coming weeks. But we shall talk about this point when we reach it. Right now, we are in a 3rd subwave of correction which should be followed by a 4th motive wave of rising prices. But first, I'd like it to hit $5.5-5.8k so it would finish the current "mini" wave of correction. At $5.6k it would also hit the 0.236 Fibonacci Retracement which means it should've expanded it's downwards energy. At the moment RSI & MACD don't tell me too much - they look neutral at the moment, even on short candles like 2h. I'd rather wait and see what happens next. StochRSI says "oversold" - but this is just one indicator out of many, and the rest are not so positive. BTC price struggles to breach MA(100) on 2h candles in the last few days - i will not that put that on the chart because it will look even more heavy. I'll be waiting at that $5500-5800 level for an entry OR Having a buy-stop at 6200 ish and expecting to sell it fast or with a trailing stop loss. Also, I'm watching that resistance at 50 RSI for any signs of breaking towards bull territory. If you like this chart & analysis, please make sure to upvote - It really helps.
COINBASE:BTCUSD
by reynar
ETH Correction Wave C and Fib LevelsHere we have a possible Elliott Wave count on the 4h chart where ETH is currently in the C wave of an ongoing ABC correction. ETH going above the swing high from wave 5 (830 level) or the even 725 level might confirm the end of the correction and the start of a new impulse wave. Fib extension levels of wave A are shown by the dark orange levels. Fib retracement levels of the green impulse wave are shown on the right. Both the fib arcs and fib spiral are taken from the low to the high of the impulse wave. The scale has been locked at a ratio of 2. Please note that the positions of the uncompleted waves are arbitrary and should not be taken as price targets.
KRAKEN:ETHUSD
by madwarrior
Gold Pullback Trend Continuation ShortGold is moving towards 1295, the 0.618 retracement of recent gap and .236 fib extension resistance of previous bear leg. The established trend remains bearish and lower lows and lower highs are evident on 240 graph. Higher TFs show that there is a potential for support as continuation of bigger bullish move on weekly might attract demand so staying alert for a serious bull move is recommended. For now, limit sell orders around 1295 with $7.5 stops (ATR*1.8) and 2R-3R target stop buy around 1275 seems to be the reasonable course.
FX_IDC:XAUUSDShort
by Zoen_Trieste
MTL Metal Long Idea - Ready to take off OR...delayed a bitBuyers beware !!!! 5000-5400 satoshi range seems like a decent enough entry. As close to 5000 as you can get - the better. But those volume spikes keep me guarded against this one. It seems very risky. I would recommend watching this trade throughout its journey or with a good stop/loss in place. Read on for more details: MTL -1.79% looks like it is ready to show some muscles. The zigzag lines are drawn based on fib retracement levels & fib circle "encapsulation". * GREEN - very positive outcome ** YELLOW & ORANGE - uncertain, but more likely outcomes. **** RED - very "negative" outcome. -> as in we might be delaying this takeoff for a while longer. ***** BLUE - Possible *LONG* EW Count. ***** RSI looks like it is steadily heading into bull territory. if StochRSI bounces off 25 levels again, it is a very good sign. Volume has been steadily increasing in the last days/weeks....BUT BUT! Look at those random spikes in volume! If someone is not trying to keep the price afloat, then I'll eat my hat. If you like this analysis, a "like" is always appreciated & helpful. For more charts, feel free to follow me on tradingview. Kudos to tradingview user @Knguyen5 for spotting this one early !
Long
by reynar
1
AUDNZD LONG POSITION w/ CONSOLIDATION @ MAJOR FIB LEVELS (below)The Kiwi has always been a volatile currency but loyal at the same time. Several fib retracment charts were plotted to see the exact position and movement. On the month chart the AUDNZD is coming off a 3 yr downward trend to consolidate over the last 3 yrs at the 38% level. On the weekly chart the consolidation is clearly seen. But it is at the daily chart where it has tested a previous key level enough times for a reversal toward the 23%, 38%, 50%, ad ultimately toward the 61% level. Long position is recommended.
Long
by philpoitier
BITCOIN LONG RUN TOWARD $89007500 is a very important support level for Bitcoin. Before the collaspe/downward trend of 2018, this level has been tested before and should have been noted in Nov 2017. However, since the advent of futures, the stock markets have taken hold of the levels of the crypto as it did with all and the fib levels are being met; as expected. An important resistance level at 8900 will be the deciding factor of the much anticipated correction toward 5 figures. Until then this area can be expected for a long position.
BITFINEX:BTCUSDLong
by philpoitier