Fibonacci Price Cluster Set-up for BTC I look for coincidence of at least three Fibonacci price relationships that come together within a relatively tight range. This identifies key support or resistance zones that will define my trade plan. I look at three retracements, three extensions, three projections or any combination of these relationships. This gives me...
We were expecting an entire correction of the previous move. The last retracement was at the first level 50% that BTC could have continued in its trend. The thing is there have not been enough bulls at this level. So price returns to a deeper retracement to collect more Bulls. This level is the 0.382. The deeper the correction the more chance we have of the trend...
Just wait for your opportunity to enter long- Whlle I'm bullish in BTC I have sold at the level that I planned (last night) I saw a 1-2-3 pattern at this level to confirm -I'm holding UDST to buy into BTC at a cheaper price to hold this position for a 2.5 year term (thank you Goldbug) I've updated my previous chart to reflect a time cycle. BTC moves in waves that...
Years of technical analysis and getting into early from the 'fear of missing out' has cost me my hard earned $. You can respond or react to what the charts tell you. I will respond to price if it makes it to my level in the time that I believe it will take. The retracement cycle for cryptos is between 30-33 days before the trend resumes. Notice how the last...
A good visual to help you stick to your guns- It looks like it will be a wild ride for BTC over the coming months. The ellipse never lies. Anything below the bottom of the ellipse the plan is over. Price trickles out then capitulates quickly as the Bulls get scared and the Bears win. Price has been faithful to the ellipse so far. This is a good way to predict...
ETHUSD may have more to go- Price has been faithful to the formation of the Ellipse pattern. It's simple if price falls out of the ellipse the plan is over. Please use caution when you trade - the plans I create are my thoughts based on past experience in the forex market, they are not advice.Feel free to donate BTC to my account if you happen to...
The ellipse works well when there is little history to tell us the story. The next leg up could be symmetrical to the first - and this gives us our target. If price falls out of the ellipse our trade plan is broken - it's that simple. Please use caution when you trade - the plans I create are my thoughts based on past experience in the forex market, they...
LTCUSD- after trailing many techniques and trading strategies the one that I like the most is the ellipse. Basically, if price breaks penetrates the Ellipse it's game over - I love how it gives you the shape and time frame of how the pattern may end up looking see how the ellipse ends at the 161.8% price extension. I have done a quick fib study and prediction of...
BTC may fail to make a HH and head lower to the 0.382 of the entire move & the 127% of the first corrective wave to meet support and the weekly TL. If we fail to reach here then I will reload once we make a HH on the daily.
ETH has been in consolidation for many days. Support has held from the 0.382 of the overall move. I have set a target at the 161.8 % to take profit. The MAC D on the daily gives me a sign that we are heading up for a few months.
NEO in my opinion is undervalued currently. Price terminated at the 127% of the move (fall) and then consolidated before making a change of trend (higher highs and higher lows on the 4hr. Looking for at least 50% retracement of the overall move. I wil wait for price to break out of the upper TL then wait for a retest of this area on a lower time frame then...
TRST coin plummeted during the ICO- price has found the 127% extension of the fall before forming a bottom (consolidation). The 4hr chart tells the story of a bullish change a series of Higher highs and higher lows. The first corrective move is the key to the fib study to find where price may be heading. The reverse fib tells us that we have an overlap of a 127%...
I wish to add this coin to my portfolio once the trend changes to Bearish. Good Developers and supply is limited. I like the idea that price will find resistance and then step down to a LL and terminating at the 127% of the overall swing before making a Higher then the previous swing high and then we will confirm that the trend has changed. Once the Trend has...
ZEC had a lot of interest when it listed. Here we see a typical bell curve of buyers and sellers before price comes back to the start 'scene of the crime'. Price has held support for 3 days. The time study suggests that this pair is about to move - we can see that 30 and 60 bars have been achieved from the highs to the lows. The first swing took 97 days to play...
Bitcoin Cash is trapped between the Bears and the Bulls which way it will break is the question. I have made a plan for both. If we break down past the TL we may test the lows and head toward 127% extension of the overall move swing. If we break up we may test the previous highs indicated by the pink horizontal. Either direction wait for confirmation of the trend...
Cryptos move in 33- 45 day cycles - maybe it's news that has caused these patterns to emerge who knows. Price has tested the 0236 level and the bulls sent price to a level that couldn't make a Higher high. Price may return to test the swing low and then head toward the TL and as you can see the same shape of the corrective wave and time coincides with the 161.8...
Price has failed to make a Higher High. Usually, we will see 3 tops develop - consolidation before continuation. Price may find it's way to the TL and the overlapping price extensions from the previous corrective swings. Then we may see the first target of the correction. Please use caution when you trade - the plans I create are my thoughts based on past...
BTC has reached the profit target of 161.8 of the move. A correction is due. Usually, we see three peaks - the Bulls and the Bears struggle to change or resume the trend. I imagine something like this price will come down and bounce back up to the last fib level then fall to the overlapping price extensions of the corrective waves after the major move. Here we...