Marketing beginning it's move down?After my analysis failed last time, I think this one is more accurate... I hope
Retracement
EURGBP SHORT TRADEPrice recently broke the resistance and changed the bias to bullish. Still expecting a retracement towards the weekly pivot before gathering bullish momentum to clear the monthly high.
Monero $XMR to Test $200Monero has benefited from recent market preference for privacy given recent actions to weaponize financial instruments and access.
(ex: Canada v. Can Citizens, NATO countries v. Russia).
8 consecutive weekly green candles saw XMR appreciate from $130 to $290.
Today, XMR is testing 20 EMA support with multiple indicators reflecting a cooling off period is underway.
Recapturing the 20 EMA would not be bullish given broader markets & headwinds, but would help build support level & reduce likelihood of testing $150 down to $115 price points.
While Monero has longevity, price action will be susceptible to significant volatility as nation states and institutions work to maintain status quo and push centralized agendas and green initiatives that view Proof-of-Work as antithetical to the ESG narrative.
Denand-Supply on live EURUSD chartI mark supply and demand areas based on pivot points and the last candlestick before the main movements
Reason for marking supply and demand area:
1-There is Range inside these candles, after which the market has decided to move
2-And another reason to mark these candles is that banks and major market players in that area have orders.
There are three Ret Fibonacci figures in the chart:
1-beginning of the main movement
2=beginning of the current price channel and one is the last movement.
3-Start the last move
and DXY trend is bullish
AUD/USD LIKELY to go UP!HEy tradomaniacs,
AUD/USD is at an important key-level and likely to retrace as market-depth showing absorption by buyers at the bottom of todays opening-range.
Price is oversold, so it is likely to see profit-takes and so a retracement to the upside! Orderflow looks bullish for now!
What do you think?
AVAX USD RALLY RETRACE PART 22 Bullish targets at resistant levels 100 and 120 possibly all time high 1.47 plus.
Big retrace after ATH or resistance levels with further continuation of wave 2 to 1.618 Fibonacci Support.
This is where investors will or should after the sell off get in for the Proof of Stake project to really build up the stock for APY HODLing.
This will be a very long consilidation of support, there are only 270 mill in supply, aprox. double ETHs Ciculating Supply
This project has potential but there will be big losses for the early buyers if they dont sell off, competition for these AVAX will be huge and low cost purchase is smart money.
Dead cat bounce, $50On daily chart
Solana BINANCE:SOLUSDT has completed the impulse wave which is wave A in correction wave ABC.
Right now, wave B is progressing with 0.618 Fibonacci around 160, perhaps. That'll happen if ABC is a complex correction wave.
Wave ABC will pull Solana back to around 60.
Wait and see
How to use different types of Fibonacci in TradingViewWave Relationships and their relation by Fibonacci Ratios are among the most helpful tools for target prediction.
There are different types of Fibonacci and different tools with different names in different software packages. This may make users somehow confused . Here, we try to shed some light on various mostly used Fibonacci types and explain their usage for target prediction. Also we explain their related tool in TradingView and their way of implementations.
As shown on the chart, there are four main types of Fibonacci :
1- Internal Retracement
2. External Retracement (Extension)
3. Expansion
4. Projection
Before going through details, it is worth to mention that knowing wave relationships is a key to implement Fibonacci tools accurately. Different types of wave relationships is beyond the scope of this publication. Here, for simplification, we show most simple type of wave cycle which is ascending complete cycle with one 5 leg up impulse and one abc form of correction . Also, we try to explain more typical Fibonacci Ratios for target prediction and skip less often ones.
1. Internal Retracement:
This is simply for calculation of the amount of correction in the main trend. It means we can predict where a counter trend correction may end.
As shown on the chart, it can be used for target prediction of wave 2 and 4 in an up trend and also wave B in a down trend. It can also be used for calculation of end of wave C which is the end of correction of whole up going wave. Green arrows on the picture show the direction of using this tool which is "Fib Reracement" in TradinView. For example, we put first point at the start of wave 1 and second point at the end of this wave for obtaining possible targets for wave 2 and so on.
Wave 2 can end at 0.382, 0.5, 0.618 and 0.786 Fibonacci Retracement levels of wave 1. Fibonacci levels at which wave 2 ends can send us a signal about the amount of next waves. This is again beyond the scope of this publication.
Wave 4 can typically end at 0.382 or 0.5 Retracement of wave 3. Less and more amount of Retracements are also possible, but those make wave relations more complicated and does not match with our simple shown example.
Wave B typically corrects 0.382 , 0.5 and 0.618 of wave A in a simple zigzag correction. More Retracements signals for more complicated corrections e.g a flat correction.
Wave C Retracement levels are similar to wave 2 in shown wave cycle since it is end of a larger degree wave 2.
2. External Retracement:
This Fibonacci which is also called " Extension" can be used for calculation of end of wave 3 or 5 in an up trend and end of wave C ( which is end of whole correction) in a down trend.
We have same tool as internal retracement in TradingView however ,unlike internal Retracement, an extension should be drawn from a high to a low in an up trend and vice versa as shown by green arrows on the related figure.
Wave 3 Fibonacci Ratios by extension depends on the amount of wave 2 correction. For example, 1.618 or 2.618 extension of wave 2 can be the target for wave 3. Robert. C. Miner has proposed a very useful table for targets using external retracement.
Wave 5 typical targets are 1.272, 1.414 and 1.618 extensions of wave 4. This ratios are also the same for calculation of end of wave C.
3. Expansion:
Based on my experience, Fibo expansion is most useful when we have over extended waves for example over extended wave 3. In this case , 1.618 or even 2.618 Fibo levels can be the typical targets.
Related tool in TradingView is Trend-Based Fib Extension. Please note that this tool in TradingView is a three point Fibonacci while expansion is two point Fibonacci tool. Therefore, Implementing this tool for obtaining Expansion levels is a little tricky. For example, for calculation of wave 3 we should put first point at the start of wave 1 and double click on end of wave 1.
There are also more details in implementing Fibo expansion for example we have different types of Fibo expansion. We can skip details here to keep this publication as simple as possible.
4. Projection:
This is the only 3 points Fibonacci that we have. Some software packages call this Fibonacci as Expansion !!. Its related tool in TradingView is Trend-Based Fibo Extension. It is a very useful tool for calculation of end of wave 3, 5 and C.
Again green arrows show how to use this tool . For example, For wave 3 target calculation we set first point at the start of wave 1, second point at end of wave 1 and third point at the end of wave 2 or start of wave 3.
1.618 and 2.618 Fibo levels are typical for end of an extended wave 3 when using Fibo projection.
100 % Projection of wave 1 from low of wave 4 is a typical one for end of wave 5 target. Also 0.382 or 0.618 projection of wave 1-3 from low of wave 4 is a helpful ratio for wave 5 target calculation.
For a wave C, most common projection is 100 % of wave A from top of wave B.
How to make a Potential Reversal Zone ( PRZ) :
We can make our potential reversal zone stronger by combining all proposed tools . Take another look at the figures. What can we see? yes. We know four tools now for calculation of end of wave C. Suppose how strong a possible buy zone can be when 4 different tools suggest it as potential reversal target !
Hope this to be helpful. Please do not hesitate to ask questions if you feel need to ask.
Good luck every one.
Shibusdt: Jump in at retracement zoneHello traders!
Shib is not holding back, the bulls will be back soon.
You can go for buy when shib reaches the support at the bottom.
There is a chance that shib will fly without retracement, the chances are 15% so it's better to wait for the retracement and go for the buy.
Don't forget to hit the like button and follow to stay connected.
Possible Buy Entry on a RetracementGold jumped amid Zelenskyy's talk, an oppurtunity may arise in the event of a retrace to 1950, the bias is bullish atm.
BTC important information about the retracementIts important for BTC to hold the Uptrend 4HR.
BTC is still bullish as long as it holds the uptrend.
There is a possibility that BTC will test liquidity to the downside and fill some imbalance in the market.
it is then important for BTC to regain the uptrend and hold the bottem line then BTC is still bullish for me for the mid term.
For now BTC is in a perfect retracement so nothing to worry about.
Ps: No financial advice.
Buy EURCHF short-term retracementGenerally, EUR is gaining strength. A retracement is in sight and the price will go up to fill the Liquidity Void.
It's time for a pullback on EURUSD On Friday, EURUSD reached the level of 1,0836
It's now time for a pullback before the breakout and continuation down.
We don't yet have any reasons to buy and that's why we're staying way from taking any positions.
The levels around 1,1000 will be preferable to sell in case of rejection.
USDCAD Buy analysis for the week, probability is high and trust So you can see the reason of the bias written in the chart as you can see. we got the King high broken and we getting the retest to the valid Orderrblock, the whole move reacted of a valid OB and killed a inducement OB before hand. so I know it will switch to a bullish market this week. Trade safe and enjoy
BTC USDT Daily (Right Shoulder Formation) ?This is my continuation pattern trend from previous BTC charts for the 20k retracement.
A Bounce off the current dip on the middle trend line upto 54 / 55k to form the Right Shoulder and then the test on the neckline, retest on the neckline and then the bigger retracement down through the Fibs back to 20k.
Daily chart and a few more weeks for the cycle trends to work its way up and down.
SPX retrace then Dumps to buy zoneSPX will retrace and dumps to buy zone as the Ichimoku cloud shows great resistance
EURGBP Retracement 4H 06.04.2022The Chart is 4H, It seems probable that after a fall like this, the market could reverse.
Normally we shouldn't rely for retracements when the timeframe is so high. 15-30 minutes should be better.
The reason is that the market is strongly affected by other fundamental factors that we allow to affect our positions due to the fact that we are exposed too long in the market.
EURUSD at 1,0900Right now, EURUSD is trading at 1,0900.
We're expecting to see a drop below 1,0800 but before that, we also want to see a pullback where we can make our entries.
Once we break below the previous lows, then we want to see a re-test of them and that's where we can enter a short trade.
We're not looking to sell right now, but only when we see a pullback!
We're paying more attention to GBPUSD as another trading opportunity.
Going short after tomorrow Ethopen interest is down ( people are closing positions)
RSI is in a bearish divergence ( losing strength)
and prise is forming and ascending wedge
Options on eth are at 3300 for fridays weekly
www.coinoptionstrack.com
Shark Complete 🦈EUR/USD - Shark complete with a 4H BOS, price is sitting in premium zone for buys, i was shorting this and it broke the last demand zone before structure, now i'm looking to take this long up towards premium sell levels for continuations! (Be careful with lots as this is a retracement)
Let me know your thoughts!
|* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
EURUSD below 1,1000Yesterday we saw a drop on EURUSD which invalidates the expectations for short positions at the 1,1200 level.
There are 2 options to sell.
The first one would be if we see a pullback and rejection of the 1,1050 level.
The second one would be on a break and retest of the previous lows.
Both scenarios could happen today. We will have a better risk to reward ratio on the first one but a better confirmation on the second one.
Probly gonna sell soon eh?Perfect stop up at the Fibo. .62 retracement of correction, a Fomonacci high.
This has been a pure technical rally in face of most worrisome bad news in years.
Meme stonks back in action and FOMO drives higher nearly every session.
Would not bet on getting a lot higher but ofc it can always creep up.
UNVR broke the trend lineAfter broke thre trend line with high volume, the price got exhausted and need more demand to continue the new trend after reversal. So thre price will retrace. There are two areas of demand. For this case, I will pay attention to the price action instead of putting limit order.
If the price show reversal pattern (can be pin bar or engulfing candlestick) in the first demand zone (rectangle), I will buy. If the price still continue the pullback, I will set the limit order in the second demand zone (the lower rectangle).
