gillianpatrice

gillianpatrice

The Bulls may be looking at this level and time frame. Previously the bulls took price up by 35% and 38% over an 8-9 day period. Maybe the Bulls will do this one more time over the 8-9 day period of and take us to a new high somewhere around 4780ish - note how price reached to 3460ish and failed during the first wave the second wave faulted at 4360ish can the next...

gillianpatrice

I like to look at the past behavior of the players in the market to provide me with insight into where we may be heading. We BTC/USD can see that BTC is extremely volatile. As fast as it prices rises it can fall faster. If you look at the swings before the hyperbolic rise we have the first swing 31.9% in 1d /20hrs the next leg down was 28.7% in 3D/4h - in FX...

gillianpatrice

Mean reversion works well with Cryptocurrencies. The red line represents the level that I was watching on the daily chart for an entry - the 50% retracement level. I watched and waited for a sign and the 15min chart - price consolidated here and the level was tested 3 times I took the next 15min candle and boom.

gillianpatrice

FCT has reached a pivotal point - we have a double bottom off the 127% extention from the 1st corrective wave and support. I am looking for longs after confirmation on the 4hr . I'm looking for a target of the reverse fib 127%.

gillianpatrice

I am looking for shorts or staying out of this pair until we hit a level that mitigates my risk. It's too high to buy and we have hit a 161/8% fib profit target to the pip. Price could go further than this or could begin mean reversion. Usually after a move like this price comes back to 50% of the move to attract more bulls. I am looking at various levels to get...

gillianpatrice

I can see a good level of support that overlaps with a 127% termination fib short. Profit take should see the bulls move in and create a COT and at the very least may be worth a try long on this pair. Watch and wait.

gillianpatrice

If the support level breaks we may see price go to the 127% of the 1st corrective swing and the 0.618 retracement of the entire move. This will attract bulls. I would expect to see some buyers here and it's good to trade off these deeper retracment levels as your risk is lower. Wait for the CHANGE-OF-TREND on the lower time frames to lower your riskl

gillianpatrice Updated 

I think we could see some profit taking today and tomorrow on this pair. We are almost at the 4300 level and the overlapping fib exten BITSTAMP:BTCUSD sion of the entire daily rise (swing) and the 1st corrective wave extension. I will be looking for shorts if I see a 1.2.3 pattern from this area and the swing low broken with the capitulation. Then I will trade...

gillianpatrice

We could find profit taking around the extention fib 127 of the first daily candle - this is a high risk trade I would wait to see something price action to Change the trend on the 4hr before taking the long. Then I would play it to the reverse fib.

gillianpatrice

We may see what DianK discribes as a bubble. Mean reversion tells me that this is likely if you look at the technicals.Proft take will occur around the Fib extension levels of the overall rise and the 1st corrective wave after the rise. I will be looking for shorts when I see a reverse fib occurs after price makes a LL compared to the last swing low on a lower...

gillianpatrice

I am looking for a retest of the Daily TL before more bulls move in and take this higher. Price has fibbed from the previous swing short. A profit extention of 127% overlapps with the TL - and 3 tests are usually seen before we see the trend resuming. This is a good low risk high reward setup.

gillianpatrice

I retest of the downward TL on the daily highs. The hourly chart tells the story of a bullish move to come.

gillianpatrice

ETC/USDT - price retraced to a 50% fib level and then the bears sent it down to a 50% of the first corrective wave after the swing. This is a perfect example of a great trade setup. Using my rules of mean reversion and confluence of Fib levels. On the daily chart I am looking for a 1hr entry point to enter the bullish move and mitigate my risk. This is a good...

gillianpatrice

OMG - this is a good set-up for long trades - looking for retracement level of 50% or mean reversion and a confluence of good support to enter long and looking for a HH. I will be looking for a candle pattern (reversal) or a 1-2-3 on hourly chart to mitigate my risk. Then I will take profit at the overlapping extention of the two swings. A good risk/reward trade.

gillianpatrice

I am looking for a short on this pair.A retracement has occurred after the steep fall and price has now retested the 0.382 three times and looks like it could head toward the profit target of the last corrective swing of 127%. Each fib level should see bulls trying to buy to push price up so make sure you are vigilant with your stop losses and move them to break...

gillianpatrice

Looking for a retracement of the last swing to 0.382 to take this trade and it is also the 200% extension of the 1st corrective wave after the swing. Role revversal of the swing low (see note) will play a part in the short from here .The GBP can sometimes retrace to 100%. In this case I think we have seen enough bears selling to join in the and short to the next...

gillianpatrice

After the rally on this pair I waited for a retracement to a 50% level of the last swing and a support level on the daily (orderflow). I placed a limit order in the event that price would come back to this level for a low risk entry. You can see on the 15min chart how this played out my Limit was set at 0.000050. Price came down and the bulls were evident by the...

gillianpatrice

The profit target of the AUD/USD on the daily chart has been met at 127.0% Extention of the fib of the 1st corrective wave. Often we miss this target and look at a larger swing. Mostly the 1st corrective wave is the one to measure. After a steep rise we will see price come back to a 50% retracement level before resuming the trend long. While my bias is bullish on...