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Retrace

BCH/BTC - retrace before continuation upwardsMy expectation for price action is indicated by the thin green and red arrows. Blue triangle indicates the current range. The large dotted green arrow indicates the overall trend. Green box is buy. Red box is sell. Blue line indicates major support/resistance identified by the fib channels. Green & Red lines indicate t/p. Black dotted lines are fib retracements. Thick white lines are fib channels. The green arrow indicates the overall trend. This is a log chart. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
Short
by Halams
BTC/USD - what now?This setup looks similar to what BCH did before its 40%+ pump at the beginning of April. I expect a pullback to one of the lower green boxes before continued upside. Blue triangle indicates the current range. The large dotted green arrow indicates the overall trend. Green box is buy. Red box is sell. Blue line indicates major support/resistance. Green line indicates t/p. This chart is made with fib channels. This is a log chart. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
BITSTAMP:BTCUSDShort
by Halams
4
BTC/USD - bear market overBTC/USD updated chart using fib channels. I can see that btc will be making an attempt to pass 4200, however, if it does not break out of the range at the same area as the green line (indicating the level of the cross) then the break will not happen. As I believe we will be test 4200 before we get to the cross area, I expect a 4200 test, then a small retrace before continuing upwards to target 1 and target 2. Target 1: 4870 Target 2: 5930 Keep in mind these targets are for Coinbase so please remember to adjust accordingly. Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates major resistance. Yellow line indicates t/p. This is a log chart. This is not financial advice. All charts shown on my page, including this one, are just for fun. If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
COINBASE:BTCUSDLong
by Halams
Litecoin: Looking To Add Around These Supports.LTCUSD update: After a nice short squeeze, price is slowly drifting lower to where it may even attract a lot of bear talk. We are actually using this retrace as an opportunity to add more to our long term portfolio. Although the 41 area may still be a little high, we are specifically watching what kind of price action develops around the 40 level (psychological and historical support). IF price breaks lower, the 37 and 35 areas both offer high probability support areas as well. As long as this market does not give back the entire break out candle, we are anticipating a broader move higher in the coming weeks. Since we called the aggressive break out around the 34 level, this market has been more of a leader than a follower. Relationships are ever changing in this space, but while it stays intact, we will continue to align our expectations and strategies.
BITTREX:LTCUSD
by MarcPMarkets
2
NQ1! Long play - Strong trendline from 2016Just closed SQQQ Call options here, this is a simple trendline play, Legacy markets love using these old long term trendlines and I would be extremely surprised if we just ignored it and continued down without a bounce. I think we'll pump aftermarket today or tomorrow latest. I'm not worried about stoplosses here, just buying some call options that either will, or wont play out in the next week or 2 on TQQQ. So defined risk and potentially unlimited reward. Conservative target would be the 50ma on the weekly (the blue smooth line) Good luck
CME_MINI:NQ1!Long
by teckno05
9
NZDUSD Short. Catching the Retrace.My first trade idea on here! Welcome. NZDUSD showed HH's and HL's throughout the last couple of weeks. Each push up was followed by a retrace of at least 30-50 pips. Watched the H1 and M30 create a double top at a major level of resistance on the D1 and H4. Waited for a Bearish engulfing on the higher timeframe (H1) and a Break of Structure on the lower (M5-M15) to confirm the beginning of a retrace. Sold after the H1 bearish engulfing, placed fibs based off of the H4 chart from 0.68292 to 0.69234 as we will be using major levels as Take Profits. I know I am posting this a bit late but I do believe it has more room to drop! Much love
Short
by jaketradess
NBEV Retrace May Offer Another Option?New Age Beverage is one of our favorite cannabis plays. Great fundamentals along with a stream of supportive news in this sector has helped drive price toward its next major resistance level between 7.35 and 8.50 Our plan is simple: carefully sell put options into pullbacks with the intent to take delivery. Once this market starts pushing into the 8's, we will sell covered calls. One of the reasons it has been on our radar is the fact that it still has great premiums for such a cheap stock. Currently we are eyeing the December 21st $5 put.
N
by MarcPMarkets
CRON - Head and Shoulders or Fibonacci Retrace?Everyone can see the Short Term Head and Shoulders Pattern, starting in August until now. A peak of $13.44, a push to $15.30, and losing steam rolled up to $13.00 before tanking. But let's say this H&S pattern was correctly called. Now what? We take previously charted trendlines, which are still unbroken. The bullish market for this stock continues long term, despite short term losses erasing gains. The H&S pattern dictates a potential loss equal to the vertical distance of the neckline and the head. Some have charted this around a $5.00 vertical, starting at $8.72. This should put us down to $3.72 area. However, if we draw a Fibonacci Retrace, since inception, we see a 61.8% Fib level which remains unbroken, at $5.96. I expect strong resistance at this level, despite the potential short term Head and Shoulders Pattern. As the market continues to be oversold, look for a bullish divergence to appear. My opinion, which is strictly my own, is that this stock becomes a good buy between $5.50-$6.00. Take a look at the past. Draw a quick Fibonacci chart for the first great gain. What does it do? It retraces all the way back to the 61.8%, just as it is currently. Afterwards, it skyrockets back up to the 88% Fibonacci Extension level, and starts consolidating for the next move. This will reverse and bounce, and either retrace back to the original neckline before coming back down, or will rocket past and upwards to the 88%, 100% level.
NASDAQ:CRON
by Shwayze
AAPL - Great Stock - Looking for a Buy In!AAPL has been a great money maker for me. The stock has continuously performed well. This is more of a question to those that study Elliott Wave Theory, than a prediction of future movement. I do believe Apple to be overbought recently, and I do see a dip in the future. I usually chart Fibonacci Patterns, and would expect to see a 38% minor profit taking like the rest of the Tech Industry (NFLX, FB, SQ) etc. Having just a fundamental understanding of Elliott Wave, I understand we would have about 5 waves upwards, at some point we would see a reversal, and would start to see a downward trend for a little, down to perhaps a fibonacci level of around 50-61.8% retrace. So my question is this - Does anyone see a pattern developing that would call for a reversal, other than what we see in the Relative Strength Index, and Volume? I am waiting for a pattern to develop to trade on a longer term pattern, and I would expect to see AAPL drop to around $180 or below, depending on what kind of profit takings we see. I see the same patterns developing for most Tech Stocks. Historically, this stock has reversed to about a 38% area, and then shot up. Not knowing enough about this Elliott Wave Theory, I wanted to ask the public about what their thoughts are. To me, this stock is a buy. I have charted areas where I personally plan to make purchases, if it ever reverses here. The volume is clear to me, the price shot up, but there was just not that much purchasing power behind it to be convincing. I know some have charted this to fall to a lower fib level, and I know some have charted this to rise to $250 area. What are your thoughts on AAPL in 2019?
NASDAQ:AAPL
by Shwayze
1
EURJPY 11.11-11.16Here we have EURJPY on the 4HR time frame. Thursday into Friday of last week we saw price break out to the downside after finding some strong resistance around the 130.00 Major quarter level. This point was also respecting a longer term trend line. After price failed to transition into the next quarter and broke to the downside, price found strong support around the 128.7 region which has acted as a point of interest in the past. What I see is price retracing back up to the 61%-71% fib level before returning to the downside aiming for the -27% fib level of 128.3. This level has been a support level in the past. Trade at your own risk. I am not qualified to give investment advice. Happy trading :) ~TraderTrev
by WillowKid