BITSTAMP:BTCUSD a quick channel break!
There is divergence, but at the same time instinct says the downtrend breakout has happened from the triangle.. I guess since the hammer formation is happening, at 0.786 level, i guess, further down side is covered, and an uptrend to 0.618 levels can be monitored... Disclaimer.. not trading, just watching the situation unfold....
A small short, here, as there is bullish divergence in RSi.. short cover at 0.618 level
BITSTAMP:BTCUSD Downward channel breakout expected with rsi divergence... TAke profit adjusted at 0.886 fibo retracement level...
A bullish ABCD in completion of the CDleg throws a potential for a great shorting opportunity.. A recent Rejection from the ichimoku could further validates the conviction..
BITTREX:XRPBTC A descending triangle breakout is likely and this will trigger a downtrend.. A bullish ABCD in the 4-hr chart also enhances this theory with CD leg in the process of completion The potential reversal zone is market which can trigger a small up movement , but the ultimate downward longer term target is 0.886 level..!
BITFINEX:BTCUSD A bearish Bat in formation with precise B point tracing at 0.5 level, BCleg in formation a shorting oppertunity upto 0.618 retracement Then the CDleg has a bullish projection towards the prz... Prz will be redefined by the BC projection, if goes below 0.618 tracing...
Shorting with cover level at 1.618 retracement
I am trading in 3min chart but that small duration chart cannot be published, so will update the 3min charts as i go along the trade, planning either long or short entry depending on breakout direction, targets sl and entry points marked already.... Might change the entry points depending on volume confirmation...Lets see how this plays out
ENTRY DONE AT AB=CD LEVEL WITH SL AT 1.27 PRZ LEVEL TP PLANEED AT 0.382 REVERSAL
This is an already executed trade, and is playing out with 2 more trades line up in front, which i will be posting in updates below. Entry, Sl, and TP mentioned in the point notes in the chart... A bearish AB=CD patern in formation
Bearish ABCD trading with fib ratios
with a risk reward ratio of 1:3.5 , this is a trade i have planned to take... Will execute the short just after the 0.382 level at 0.5 level with stoploss at the formed, will cover at 0.886 level , although waiting for a longer period may favor more risk reward ration but i think 0.886 is my sweetest spot for reversal in any predicting trend within a format which...
A short position to be taken and covered according to areas marked based in trend based fib levels
A bearish long term AB=CD pattern playing out.... Long entry=181.65 (just above the 0.5AB mark) Take profit=200.29( at 0.886AB) Stoploss=173.8(0.382AB )
this is a bearish AB=CD information or alternate bearish ABCD, the significant levels are marked, the prz ranges from 0.886AB to 1.27AB=CD level for the classical ABCD.. 0.5 has given a god resistance after which the price has been punished and is on the upmove, if 0.5 is crossed with significant momentum , BAMM may be triggered... Partial profit booking planned...
A good support formed by the 0.886AB retracement , A closing above 0.786AB will confirm the uptrend beginning.....