lynaldendips

lynaldendips

The macro fib levels from $0.00 to the ATH are obviously the primary levels to watch, shown with the black lines. We are at the .50 level ($9,817) and deciding which way to go from here. Bitcoin is like a Bi-polar girlfriend so it's a tough call but, I'm thinking a retest of the .61 level ($7,500) makes sense before a rip up. The rip up could end at the .5...

lynaldendips

Not much changed since yesterday. Still using the macro fib levels to play long term trends. Highest volume nearest to current prices came in around $28 so that's where you want to ride the coat tails of the major players. I'd buy a bounce at that level and then add on a break above $40 Longer term target is the fib level up at $62.50

lynaldendips

Gold bounced off the .38 macro fib extension from the last major bull run and the 50 day EMA. Target to sell is the .50 fib level above at $1,886. Closing below $1,689 could trigger a washout sell off but, even if there is, $1,600 is the floor. Established by the major players shown in volume. I'd triple down at this level if it even gets there.

lynaldendips

Price now supported by 50 EMA. $1.824 is the make it or break it point. If we can break it I'll look to sell at the fibs above: $1.94 $2.03

lynaldendips

Big Money left a volume marker on the 2021 winter contract at $2.60 around the .78 fib level. Keep an eye out for a pull back to this level for a buying opportunity @ $2.60 If this plays out, at the very least price should pop to $3.20 However if this level somehow fails, lookout below.

lynaldendips

We can see in the Volume that Big Money came in at $27.25 Watch for a retest of this level for a buying opportunity. High volume would confirm. Target is the .618 fib above around $62.50

lynaldendips

Watch for Gold price to rise over the next few years as the Dollar makes it's way to the .78 fib extension around 64.30

lynaldendips

Bots thrive on the macro fib levels. Watch reaction to .5 level @ 9817 for which direction is next. Given the instability of price I'm leaning more towards a test of the lower level. .38 level: 12,134 .61 level: 7500

lynaldendips

Still using the fib extensions from the impulsive move down from Thanksgiving 2019. Still watching reaction to this crucial level @ 1.82 for confirmation of which way price is going. I've been buying dips and looking to take profits at the fib levels above: 1.94 and 2.03 Breaking down to the 1.48 level is possible but seems less likely for now.

lynaldendips

The macro fib extension from the last major bull run is in play. Gold price is now testing the .38 fib level @ 1689. I've added to my position here. If this level holds, the next stop is the .5 fib above @ 1886 - I'll take profits there.

lynaldendips

Approaching a major fib level and would expect resistance. If it can break and hold above I'd look to the next level up around $62.50 longer term. I'd prefer to wait for a retest and bounce at the .786 fib to consider buying that.

lynaldendips

Fib extension from last bull run shows the next targets up to take profits. I'll keep buying small dips all the way up.

lynaldendips

Bots are using the fib retracement from zero to the all-time high. Expect buyers at the .618 and sellers at the level above.

lynaldendips

Currently long NG futures and have sell orders at the fibs above. If the break up fails, I'd double down at the next fib lower if it gets there. Eyes on 1.824 for the break.

lynaldendips

Algos seem to like these fib extension levels (from the first impulsive move down on Thanksgiving 2019). With that in mind, I'm suspicious there could be a move down take out where I'm sure are an abundance of stop losses are at the lows. Looking for a slight dip below the 1.48 fib level before a powerful reversal.

lynaldendips

Looking for follow through to the macro fib retracement (2016-2018) @ 2.3 by Summer. By Winter, stay tuned.

lynaldendips

natural gas once again had an over exuberant rally with unconvincing volume and failed to hold above the 50 day EMA. next stop still remains to be at the next fib extension level 1.485 or slightly below. the buy signal i am looking for is either a bounce at 1.485 or a weekly candle close above 1.824