Fibonnacci
BTC sill bullish - Actualisation 10/7Second Technical analysis for me !
Today 10/07, actualisation of my ideas from yesterday for BTC/USDT !
On the chart on 1 day, we can see :
- BTC Dominance going higher
- Volume is going hiher
- RSI compare to yesterday
K 20 to 40 : + 20
D 12 to 23 : + 10
Ecart : +10
- MACD
The MACD Cross again the signal line and we can see the first green candle !
BTCUSDT Still bullish today. We are testing the resistance right now and i think will go higher !
Step 1 : 13 880 $
Step 2 : 14 372 $
Step 3 : 14 771 $
Step 4 : 15 169 $
don't forget to put your stop loss very tight !
Only idea, not financial advise !
if you love the idea, don't forget to put a like ;)
EURUSD - EDUCATION - 15. JUNE. 2019DACAPITALTRADING V2.0:
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1 HOUR
Very bearish price action on friday with a strong negative closure for last week.
4 HOUR
Pullback after forming a med-timeframe Double top with a strong reaction.
DAILY
Bearish waving market turned bullish with a strong reaction and pullback afterwards.
OVERALL
Bullish market with over 50% Pullback of previous week price action + wave formation,
expecting market to drop below previous week lows and rise very strong instantly afterwards.
Very good setup with high probability, we patient to get good entries next week :)
Good luck
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Have a great week everyone!
ALAN
Starbucks - How long will it stay overbought? Using Fibonacci retracement: SBUX next resistance is $85.75 .
If we brake above this line with high volume, it confirms the extended bull trend; meaning we could spend some more time in overbought conditions.
RSI and OBV confirm strong uptrend since July 2018. Check weekly time-frame for a clear view.
GBPJPY Bounced off of monthly counter trendline. Went up to .236 weekly retracement level. Looking for price to bounce off daily trendline and continue to rise. Buy entries at 136.6 & 137.605. TP at 142.55. Long-term to D 61.8 extension TP 159.992.
Bitcoin Key Fibonnaci Resistance LevelWe currently have a neutral view on bitcoin and are currently monitoring the next Fibonnaci level at around 6278. If Bitcoin doesn't rise above this level and consolidate we are expecting Bitcoin to fall towards the previous Fibonnaci resistance level at around 5522 which is now acting as support. Additionally, we are keeping an eye on the RSI which is currently at 76, if it falls below 70 before reversing upward again, but this time remaining below 70 and then the RSI falls again below the prior low this would generate a bearish signal.
TRON: Constructive or ready to CRASH? Multi time frame analysisTron: Which way from here?
*If you find this analysis helpful let me know!
Taking away all emotion and looking at the picture from all time frames this is what I see.
Weekly:
We need to recognise TRON is still very young to look at from a bigger picture but we can start to see some clear structure
We are currently in a broader triangle consolidation so looking for signs of a break either way.
Also had two touches off 52 week moving average BUT failed to react to the downside in a significant manner.
Also holding above the 25% line of blue pitchfork the last two weeks.
What I see as POSITIVE is that TRON bottomed late 2018 (not in 2019) and most cryptos that are recovering/constructive did this.
We are also still above the BLUE 0.618 retracement from this rally off the bottom which is also constructive.
Daily:
Currently stuck between 100 and 200 day moving averages but if you dig deeper there was good support off the 200DMA in terms of volume.
On the daily you can also see the bottom trendline forming triangle has had 4 touches now and failed to break.
For the BEARS however you can see we have not closed above the RED 0.618 fib that is measured from the HIGH forming the top of the triangle and the low.
Again a break of the triangle would show clear direction as these levels are also guarded closely by the fibs.
4HR:
We have just popped outside the near term downtrend.
Also shows clearly the reaction off lower trendline (and 200DMA).
Even if we start pulling back towards the BLUE 0.5 fib I'll watch the RSI and volume to find market direction.
All in all there is potential this is a double top BUT you would need to see some larger downside momentum to validate this. For the BULLS, it's all about the bottom trendline and 200DMA.
If this pitchfork holds you may start to pack your bags to the moon BUT for now it is 100% SPECULATIVE on my behalf until we at least test/surpass the median line (just my rule).
Hope this helps!
AUDUSD SELL SHORT MULTIPLE CONFIRMATIONS!Hi all, AUDUSD is looking very great for a short position to get into on Monday! EMA indicating a downtrend due to price cross, Fib retracement has reached 61.8 as well. Very aggressive bearish movement as well. Catch some PIP$!
ADABTC Bearish Deep Crab - Its time to consolidateADA has made a great bullish move to the upside, filling out the entire equidistant channel in the chart
The parameters for a Bearish Deep Crab have all been met
Point D still needs to be verified by a reversal in price action in the next few days.
Bearish divergence on all time scales up to one day
Plotted targets are your shallow retrace (38.2), moderate retrace (50%), and golden zone (61.8)
The degree of retracement will be influenced by the price action of bitcoin, if there is a big sell off, look for a deeper correction for ADABTC
Thoughts or comments are welcome
Posting these helps me learn, hope others find some value here
Good luck traders
Expecting another leg down for the Aussie dollar- The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute dropped to -4.8% in March (Previously 4.3% in February).
- On a technical level, the pair just bounced off a major daily S/R level before heading down. We are currently shorting the pair after a small pullback and a rejection of the 0.5 Fib level.
- Entry: 0.70653
- SL: 0.70800
- TP: 0.70287
I will start posting trades as a way to build a personal journal. You should always do your own analysis before entering a trade.
EURUSD Technical BUY1) Fibonacci hit three times on level 38.2%
2) RSI Positive setup
3) MACD Positiv Setup
Will climb at least up to level 61.8%
Note: USD is about to fall, this could help EURUSD to rise fast.
GBPCAD CORRECTION 4HFX:GBPCAD Is doing a correction. The price reached the latest top, GBP strength is high and CAD strength is low. RSI is making a divergence and the price could reach the previous support wave
EURUSD: LongPotential continuation of a long order.
Wait for confirmation candle.
Price has been in a consolidation state holding between support and resistance level.
Bullish candle around resistance level, wait for price to test and retest the resistance level before entering the trade.
USDZAR Target Price 13.31498 R-Multiple 2.50REnter 50% Retracement of Pin Bar. Stop Loss at 1.618 Fibonacci Level Area. Target Price comes in at 13.31498.
NZDCAD about to make new lows (TA and FA)According to the elliot wave theory, FX:NZDCAD . is at its correction phase, and using the fib extension we get T1 for the small ABC wave and T2 for the bigger wave; T1 is short term while T2 is mid/long term
Another thing to keep in mind, is that China is expected to report on Monday that economic growth cooled to its slowest in 28 years and this means that CNH is going down and we all know that CNH is positively correlated to both AUD and NZD.
Natural Gas Buy Setup Developing
Natural gas has recently fallen down to a confluence area of support. This support area consists of a long term trendline originating from the low in March 2016, a short term trendline, the 61.8 fib retracement of the March 2016 low to November 2018 high and the 3.00 whole number level. Price has been ranging around this area of confluence for several days now, even briefly managing to close above 3.00 before retreating back below it. If price can close above 3.00 again on a daily basis a long position will be entered. Stop will be on a close below 2.80 and take profit at 3.80. Be cautious because the 200 daily moving average sits above price at 3.12 currently, any sign of price reversing at this level and the trade should be exited. A conservative trader may wait until price has closed above the 200 DMA before entering the trade however risk reward starts to become less favourable.
NOTE: This is not recommendation to buy or sell, it is simply for educational purposes.
S&P500 in a Range - Profits! The S&P500 is currently trading in a nice range between 2620 and 2810 points. The Fibonnaci level of 61.8% acted as a really good resistance (triple top). Price just bounced for the third time on the 2620 level and could go back up to 2810. However, if trend reverses and breaks below 2620, we could see a big drop. Also note a little divergence with the MACD; it has a good chance to be corrected on the upside.
I believe that good news from US-China trade and reasonable inflation could give the S&P enough momentum to go back to the upper limit. Watch for fundamental news.
GBPNZD BUY IDEA LONG TERMGBPNZD Daily
In #gbpnzd, we're looking at a buy idea. First off the pair has created a sharp but clear enough downward trendline and started to bottom out at major support of 1.86150. We can see a W or double bottom formation forming, we'll have to see if price breaks out of the trendline and start heading towards the upside or create a third leg and then start flying for hundreds of pips yet it is still early for it. When we place our fib from the high to the low, there is a sight resistance at the 38.2 point of the fib. we could see price hit that and consolidate for a bit or start dropping.
When the pair starts to create more and more confirmations I'll call it out in the telegram channels and our Instagram.
instagram: @lehforex
telegram: t.me
