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Fibretracement

USDCAD Trade Update1 Lot Profit taken off of USDCAD LONG from March 12th @ 1.28385 and closed @ 1.30944 for a +255.9 pip gain. Not a bad haul. Still in with 1 LOT and monitoring price action, which has hit resistance at 1.31 mark corresponding with the 61.8% retracement off of the May 2017 high. Price did breach the most recent Weekly Supply area and I'll be watching how it performs if/when it re-enters here. Trailing stop 50 pips from price. RSI, MACD, and DMI are all printing divergence. I'm anticipating a brief retracement followed by a last Bull push taking out stop order above 1.31, followed by a legitimate correction.
by jrashaadtrades
CLOAK/BTC Triple bottom & following BTC + Binance Listing soon!Hey all, CLOAK might be a good one to watch while BTC -0.34% is on it's way up. It is closely following BTC/USD movements currently so could be some nice gains here. Not to mention the rumours of it being listed on Binance this week which could take this to the moon. -Broke out of down trend (green) will still need to close above to confirm trade though. -Triple bottomed and is bouncing of the 78.6 Fibs line which seems to be a strong support there which is a good signal. -MACD looks like it is about to cross over. -RSI is sitting around 60 so there still room to move upward from here. -Volume also coming in Lots of bullish signals here Have added in my targets also :)
CLong
by Mayhem88
Upcoming Bitcoin BTC Price Action Predictions and TargetsMid and long-term predictions for BTC: unbiased. We can see the indecision in the market and is it no surprise it is non-trending. This is another critical decision point and the upcoming move will be fate-determining for the value of Bitcoin -0.31% in the coming months. On clear breakout up with good volume or breakdown critical resistance and support levels are charted, respectively. This is for educational purposes only and is in no to be interpreted or used as trading or financial advice.
BITFINEX:BTCUSD
by WarDaddy
USDCAD Outlook. Looking for High Probability LONG Re-EntryHaving pocketed +350 pips across several USDCAD lots, I'm waiting for a high-probability set-up to get back in long. For me, that would be a decisive break above current trendline, which was put in place last week as Dollar Bulls pulled profits out of the market. Currently, support is at the 1.28 mark as price action failed to break through the area of supply indicated in the red rectangle. Signals indicating a BUY, but I do not want to jump back in prematurely as the market could easily look for areas of better price demand, especially within the dark gold retracement area I've marked on the chart.
by jrashaadtrades
Possible Minor Correction | Things to Look Out ForOn a 45 min chart, the fib retracement levels for wave (4) are shown in case the triangle pattern continues. (Note that the previous wave (2) correction retraced to the 0.786 fib level). Suggestions: watch for a crossover with the 8,13,21,55 EMAs for a bearish signal watch the MACD for a bounce (for a bearish signal) or a crossover (for a bullish one) watch the RSI for a bounce (for a bearish signal) or a breakout (for a bullish one) Once this possible correction is complete (above the wave (3) low, then we might get to see a 5th impulse wave. (This is just an idea, not financial advice.)
BITFINEX:ETHUSD
by madwarrior
USDCHF LONG. Still in profit, looking to add a few lots.My USDCHF LONG from 02.26.18 is panning out well as I'm sitting on +90 pips at the time of this writing. Ended last week with a Spinning Top on Friday, March 9, after breaking through the previous supply zone. That zone is now being retested and if if holds will become demand. Price is currently stalling around the 0.947 mark, which was also the HIGH for February. I'm currently ~60 or so pips from my take profit zone (Green Fib Ext Rectangle). If price breaks above last weeks high I'm looking to add an additional lot or two, bank profit on the current LONG and set my stops to break even. One technical thing to keep in mind is that price could easily retrace to the bottom of the channel, which would also correspond to the Retracement Zone from the February low to the high last Friday. If that occurs, as per my custom I'll draw in a trendline in anticipation of a break above it. All of this depends, however, on how the Dollar performs against the majors. As I mentioned in my posts on the Dollar Index from last week, we've yet to have a trend change so all USD longs are are susceptible at the moment.
Long
by jrashaadtrades
Ethereum Classic not yet done!!?? ETC/USDOther EW chartist might consider ETC to have completed all its waves.Here is how I am looking at it, in my setup wave 2 and wave 3 have retraced to 0.382 and 0.618 fib level respectively. According to Elliott, wave 2 and wave 4 are usually the converse of each other and show different characteristics.For instance, if wave 2 correction is short and quick then wave 4 correction will be long and slow. That's what we are seeing on the above chart. Also, the sub-waves of wave 3 show good fib retracements. Wave 2 and 4 having 0.786 and 0.618 retracements respectively. My setup is as below.... SL:26.00$ TP 1:36.8$ TP 2:48-52$(Will update) As I get more data, I will update my targets and chart.For now, 36.8$ is my target!
BITFINEX:ETCUSD
by Memphiz
4
Fib Overlays on Lending ClubWanted to take a minute to line up LC to see what it looked like from recent high and lows under week time frame. I was amazed at its ability to dance between the overlays and show consistency to support laid out. Volume shows likely to the down side, however, RSI shows on its way to bullish with earnings on the way. Nasdaq community seems to be bullish and WS analysis have LC rated for a buy. www.nasdaq.com If volume comes with earnings this could provide the turn-around needed to bring this back from the bottom highs of long ago. Thoughts or feedback welcome. Do your own research and invest at your own risk. This is not financial advice.
NYSE:LCLong
by CEOSHMO
todays bullish volume the same as the biggest 2017Hopefully this shows up correctly on the chart , I tried to connect with a green trendline the bullish volume swell we got today to the biggest one we got in 2017 back on september 15th(which eventually took us to the ATH) . It is currently the same exact volume as it was back then and todays candle is about to close out as a massive bullish hammer. This is the type of hammer worthy of only being picked up by a Thor ....and I do believe bitcoin is that Thor. I say go long! If you can try to buy in at 7300 or under with the grey line on my fib retracement extention currently acting as strong support(6900) and the blue fib retracement line above that one acting as mild resistance(8020). I would say hold wherever you buy in and enjoy the ride because I think we finally found the bottom when it bounced off of the pink trendline around 5950. The signs we're receiving now all say buy. I think we could reach 10,000 in the next week before we see any significant retracement but this is only my opinion I could be wrong...I'm sure we'll at least see small dips along the way with opportunities to sell small amounts of your position just under temporary resistance lines and buy back just above the temporary fib support lines. Here's to the Bull Season. Keep in mind there's still a very slim possibility with all the bull traps and fake breakouts we've had that we could still plummet again but I don't see us doing aything further bearish other than maybe bouncing off the pink trendline once again to form a bullish double bottom worst case scenario...very slim chance at this point.
BITFINEX:BTCUSDLong
by DrDovetail
EOS Still Has a Long Way to Go; Target @ $17EOS has not even completed the five subwaves of wave 3. EOS has just completed subwave 4 and is about to start subwave 5. Subwave 4 is in the shape of a bull flag and is a ABC correction. Since subwave 3 was longer than subwave 1, subwave 5 is likely the same length of subwave 1 and hit $17. After EOS, completes the five subwaves of wave 3, it will likely correct to the 0.382 Fibonacci Level, which is $14. That gives us a good opportunity to increase our position and prepare for wave 5.
BITFINEX:EOSUSDLong
by aoeuaoeu
1
Wave C of ZigZag to complete following break of TriangleWave E in the contracting Triangle I posted previously appears to have completed as a 5 wave impulse. It looks as tho this impulse in wave E is being corrected by a ZigZag which is currently in wave 3 of C. A barrier triangle has formed as wave 4 of 3 in C. On the break of this triangle I am expecting a wave 5 to complete wave 3 of C, then be corrected by a wave 4 of C and be followed by wave 5 of C for a nice short term trade. After the A,B,C ZigZag is complete an impulse move to the upside for wave 3 would make my previous triangle idea look unlikely to unfold. However further downside below the 0.618 fib level would support the idea. Entry: Just below the break of the barrier triangle in wave 4 of 3 in C. Stop Loss: Just above the extreme of wave E in the barrier triangle in wave 4 of 3 in C. Targets: The most common retracement for a wave 2 is the 0.618 fib level off the impulse. The idea of using this area as a rough target is supported by a trend line drawn parallel from the start of wave A to the extreme of wave B of the ZigZag, from the extreme of wave A. It is common for wave C to finish equal in length to wave A in a ZigZag, this also supports the idea of C ending around this area. Note: Just noticed some labeling of the internal structure of the impulse is wrong and I cant change it but the wave counts still convey the idea correctly.
Short
by ciano1993