Because Fantom hit oversold in the RSI indicator, it is probable that it goes up towards the resistance line, then bounces back and consolidates, breaking through the resistance line. This means Fantom will revert and turn bullish. DISCLAIMER: This is a theory and can’t be approved till further notice BINANCE:FTMUSDT
Thesis: Using Elliot wave theory from our 1-5 correction with a trend-based fib from 1-2 we've retraced back down to our 1.618 level. That level is also shown in the past looking at our green box to be a clear area of support. Using a trend line from Jun 2021 if we look at recent price action it lines up with the idea of this being a local bottom. I personally...
Guys, I had to redo this chart because of the fractal on the previous chart not coming out correctly. This is an ascending channel that XRP has been respecting as you can see from top in 2013 to consistent touches at bottom of this channel. By taking the fractal of 2013 we can get a possible idea of the price if we get to the high of this ascending channel.
Using the Wykoff theory there we have completed Phase A moving into Phase B. Key Terms in Phase A PS – preliminary support, after prolong down-move the buying begins and you can see the stock bounces with some higher volume. It shows the stock is approaching the bottom. SC – selling climax, panic selling by the public and it is being absorbed by larger...
Hello Trader, please see my idea on Gold. We are currently sitting on a strong support, which is made out of a longterm trend line + a Fibonacci Extension target of 0.618. This target is the minimum requirement to be met in order to force the next impulsive from bullish side. However, I think that we might break this triangle to the downside first in order to...
Hey Trader, please see my swing idea on Gold. I expect that we are finishing our triangle in the 1780-1770 $ area. From there we might see our bottom and move impulsively up. I am willed to stack my longs in order to hold them for several months. Therefore I expect a weaker Dollar season, since rate hiking should be priced in now. This is no financial advice. Your RT
Hey Trader, please see my current trade on Gold, where my count suggests an impact of our longs at the 1880 price area. This is due to the fact that we are currently in a bullish wave 3. I am playing this trade with a stop-loss at 1807. This is no financial advice, just my technical expertise. RT P.S. I dedicate this trade to my friend Goldcartel.
Here is an example of the "Roulette Theory" that I have created by myself. The Roulette Theory is very simple, it is a theory that works on the probability of the candle colours. When a roulette table spins, you have 3 options, Red, Black and Green ( ZERO). The probability of have many REDs is much lower than having more equal amounts of RED and Black. When a...
Ever wonder why whenever BTC Dominance is down XRP's is sky high.... and when BTC dominance is up XRP can't get their dominance up.. Personally thinking once we get BTC out of the way XRP will thrive.. Just my opinion who knows.
Given the respect the 0.75 fib speed fan was shown on the recent drop in price to the 41k area, and the responses we are currently seeing from the 0.618 on the uptrend that started late July. I will be keeping an eye out for the 0.681 speed fibs that will cross on Christmas eve eve (23rd) and the 0.666's that will cross on New Years Day for a possible range to one...
Hey Trader, please see my current idea on Gold where my count suggests the next leg up due to wave 3 extension. This is no financial advice, just my technical view. RT
As many of you know I am now considering that we may have a possible change in the bull cycle pattern. I have always believed in the typical 4-year cycle pattern for the Bitcoin peak based on the 4-year halving but now I am starting to lean on this possible new theory. If you look up Nicholas Merten (youtube channel called Datadash), he explains this theory with...
Ok guys, based on a possible change in the Bitcoin cycle (look up Bitcoin Expanding Theory by Nicholas Merten/Datadash) I am going to update my Kin chart based on this expanding theory going into November 2022. I have a high of $0.01 for Kin but it could go higher considering that Bitcoin could hit a peak between $300k-$500k. This is a 3-day chart with a Cup and...
Just an idea not backtested by anything or supported except 2017, late-volatile run before parabolic boom in late december. **I have backtested strategies for both sides, if btc goes either way. So, take this as a grain of salt.
BINANCE:BTCUSDT maybe I'm not the first person with such a theory (relation between Fear and Greed index and BTC price) but it took time so I get it I still didn't make sure if it can be enough useful for buying and selling or not , But I'm waiting for an opportunity to understand it . if you agree with it , please like and comment your idea and share it with...
Is that " Divergence " ?? If it is divergence it's very scary ! just like 14 April 21
Per myfxbook, retail is 78% short on NZDJPY, making me bullish. On the 1D, higher highs and higher lows have been made, giving me no reason to go bearish. There's also divergence between price and Cumulative Delta Volume (CDV). CDV has trended up short term, while price had trended down. Suggesting a weak sell. Price has seemed to find support right around 80.00,...
Per myfxbook, retail is 68% short on CADJPY, making me short to mid term bullish. There are also more short term inefficiencies in CADJPY to the long side than the short side. Price has formed support right above the 50% mark of a 1D bullish imbalance, making me even more bullish. Looking for entry at the 50% mark of the 1D, and an ultimate TP at a major 1h...