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Retracement

BTC My Personal View Of The Price Action For Next Few MonthsI expect BTC to eventually fall through this orange rectangle price area, like it did right after setting the ATH at 69k. Retail investors still have a lot of hope that BTC price will somehow recover from here and that is not usually the sign that we've bottomed yet. After capitulation i expect the price to first reach 0.618 fib. retr. lvl., then have a bit of correction, only to recover to right about 0.702 fib. retr. Obviously price will almost certainly behave differently than what i have shown on the charts. It is just how i visualise it at the moment. Below in the update a will show how such ABC retracement happened after BTC reached its ath 2013/14 and 2017/2018. I am not a financial advisor so non of this should be taken as a financial advise. Be well. BINANCE:BTCUSDT
by CR35
BTC Has Finished Its Bull Run with a $~69000 for 2021.In my previous ideas about BTC i specifically sad that in order for btc bull run to continue we must hold 53k so we don't invalidate 5 elliott waves . With the recent liquidation event falling to 42k we can now say that btc has entered a bear market. I don't think 42k is a bottom yet. We could very well drop further into a 35k area. After that if we start recovering, we can then assume btc has started a retracement, usually this happens in a ABC fashion to the .702 fib. retracement level that is extended over the ATH and the new low. With the Altseason i expect laggers to lead the show like XRP, DASH, EOS, BCH, IOTA, and all that haven't had their rusn yet and are still very below their previous 2018 ATH. If we see, (which is extremely likely) altcoins start popping like crazy as btc strats recovering it will further confirm btc is in the retracement and therefore in a bear market. Just so you know, this expected ABC retracement for BTC could take quite a while, even up to a year. With that sad, i expect btc will re-visit 15-13k prices, or in a case of a stock market crash (which btc also have not experienced yet) we can go MUCH lower. Also bear markets are faaar harder to predict than bull ones. I am not a financial advisor so non of this should be taken as a financial advise. Be well. BINANCE:BTCUSDT
by CR35
14
Potential Shark Forming 🦈🦈US30 - Daily is bullish so I'm looking to trade the retracement before potential continuation, currently have bearish momentum and a nice shark that lines up perfectly with the .886 pullback (This zone also has lots of confluence for a HTF continuation. ** 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.
UShort
by benalistarfx
2
Potential Shark Forming 🦈🦈USDCHF - Potential shark, looking to short against the trend with the Bias of an .886 pullback on the weekly TF completing this shark/filling imbalances/mitigating OB's before then looking for a potential bullish continuation. 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.
Short
by benalistarfx
3
FTM CORRECTION INCOMINGFTM has seen a lot of growth the past few months, however it is due for a correction. Looking at the chart we can see price always retraced back to the .786 fib support after each impulsive wave, should we get that same retracement, FTM will be on a discount price at just below $1 Coupled with the bearish Divergence it seems just about right to me. Did the analysis on a 1D Timeframe originally but uploading the 1W chart to avoid cluster and improve visibility. Hope this helps.
Short
by RektMyMom
27
[GBPJPY Backtest] Missed sell opportunity of 120+ pips w/ notesI briefly analyzed GBPJPY last night and saw that we were in a consolidation zone but in a downtrend. I attempted to take an entry based on the overall downtrend and assumed that the market was going to retrace to the 78.6 on the overall structure and touch the trendline again before going back down. However I missed many of the details of the current market structure. I went back and analyzed the things that I missed plus added some notes to explain why market made that 120+ pip move. I had the overall direction correct, however I missed key details that the market was showing me before making the trade.
Short
by growthbank
NQ Power Range Report with FIB Ext - 12/2/2021 SessionContract - CME_MINI:NQZ2021 - PR High: 15954.25 - PR Low: 15868.75 Evening Stats (As of 1:56 AM) - Gap: = +0.2% - Session Open ATR: 272.86 - Volume: 67k - Open Int: 249k - Trend Grade: Neutral - From ATH: -5.0% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 16677 - Mid: 16391 - Short: 16105 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2021Short
by mv3trader5