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Fibs

Slowly buying some BNBBNB has been dropping since 1-Apr after a crazy rally from Nov-18. The price broke previous support as shown in the bright red zone and now fighting to break back up. From the daily cloud we can see a bounce from the Kijun-Sen which is a good sign. If it cannot stay above previous support and break down the Kijun-Sen I am aiming at the ABC correction to around 0.38 fib (~0.0030 - 0.0032). The red vertical line show the date of the last snapshot (24-Apr) for the next round of binance launchpad and I do not expect the price to drop too much before that. Looking at the falling wedge on lower time frame we can see a bull div on the MACD and now breaking out. The price is forming a flat pattern which is a sign for continuation to the upside. I would observe how the break out develop and whether we can break up the flat pattern to the upside. I would buy a break up of the flat pattern with 30% of the total BNB i want to buy as there is still moderate chance we keep going down to test .382. Hope you like my content and thanks for your support! Tip jar: BTC: 361br5cQe3Yft4jy8m759WBFWk4NXedrAh ETH: 0x4aBdf5d200c58D69477876F2fEa13E439ce1458d
by Ccc_Trading
ENG/BTC - Playing fibs perfectly, retracing and huge potentialEnigma, the solid gainer all week. It’s had substantial gains over the last couple weeks with a few insane spikes going +25% in a day. It’s been great for wick-catching and proven to traders the bulls are in charge. On the long term chart, ENG is respecting the big fibonacci levels VERY WELL . The peak from yesterday stopped exactly at the first fib off the bottom, fib .236. From the touch of the fib, it’s retraced 15% already but could be due for some more downside on the short term. However, for us that’s great news as it’s making creating another great entry. By using 30min candles and throwing a fib-extension on the chart using the three extremes prior to the fib-touch (purple lines), we get the downside fibs and potential turn points. I’m targeting fib 1.618 on the retracement as the level to hold for bullish continuation. This coin got a LOT of potential to the upside, and we got a lot of indications of it already being bottomed out. I’m not calling it, but it’s not a bad idea to enter already at these levels, and stack your orders down to the 1.618 fibonacci. Above the fib it’s also a weekly level marked in dark blue which is another place you should have some orders for longs. Funny thing, a STRONG daily level is exactly on the 1.618 fib strengthening it A LOT . Targets for long term holding is market on the long term chart above with orange boxes. If you’d like some short-mid term targets specified, let me know in the comment section and I’ll provide them! If you like it and would like to receive future updates - Please, follow me on TradingView! If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the assets current trend and hopefully maximize your profits! For support, sign up to Binance and Bitmex with these links for referral www.bitmex.com www.binance.com If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
ELong
by Pineapple1k
-------------------4HR CHANNEL/ PPL SET-UP--------------------Additional lower timeframe confluences: 1) 30 min FIB retracement and notice any respect or rejection to key 61.8 level 2) 15 and 5min 14 and 50 Ema in your favour, or wait for a dynamic support/ resistance 3) 5min rejecting a PPL and RSI strength in your favour bounce off 30 or 70 level 4) At a point of lower time frame break/ push there will also normally be a 5min 14 EMA retest the same time as a minor correction and good entry point if everything above lines up
Long
by JevanHayre
LINKBTC Breakout from falling wedge, ATH flag with high targetsGood evening. Browsing through the charts to find interesting setups and stumbled upon LINK. It's starting to look like we are about to break out of the falling wedge as we speak, which will act like a bull-flag at ATH. We are still a little low in volume to get a confirmation of the breakout, but I'm keeping an eye out. The long term chart is nothing else than beautiful and showing some great growth lately; The price action of this chart is just stunning. Black lines on the chart is different levels which is tested, and will act as support and resistance. It's hard to set price targets without any previous price history to pull levels from, so fibs is the only way. I would prefer to use a fib ext from the flag, but for it to work perfectly I need a confirmation on the extremes in the fib ext. Once we are above ATH again, I will draw the fibs to get them lined up. Anyways I'm expecting a surge up towards toe 18000sats zone, which is a 60-80% gain. Make sure to leave a like to get notified on the target fibs once they're coming out! If you would like to see more from me, smack that follow button!
Long
by Pineapple1k
ADA heading to supply zone, possible 100%+ upside if holdingGoooood evening fellow traders! Came across this setup on ADA and figured it would be interesting for you guys to see this. ADA is currently trading rangebound, and not within some kind of TA pattern. ADA recently plotted a lower high (failed to gain a level) which is usually accompanied by a lower low before retesting. The green zone is my intended buy zone for spot and leverage, with my spot SL below the red line. Targets is marked in orange and is based upon daily and weekly levels in combination with a (hidden) fib extension from the bottom. This is a fairly low risk trade with your SL being about 5% below the entry zone. As always I will keep updating the chart in case the sentiment change, so please be sure to leave a like to get updates. Entry zone: 1040 to 1000sats. SL 967sats. Target 1: 1359sats Target 2: 1499sats Target 3: 1881sats Sharing more targets if we get to that point. See you later alligator! If you like it and would like to receive future updates - Please, follow me on TradingView! If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the current Fetch.ai trend and hopefully maximize your profits! If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
Long
by Pineapple1k
USDJPY 03/05/19- Daily UJ closed today with an inverse candlestick formation (shooting star). It is still showing resistance around 112.000. We may see a pull back tomorrow before a takeoff. Since we're seeing the increased strength in USD and JPY we could be seeing the result of this in these few days of indecision. - 4H Price is still within the range drawn from yesterday. UJ has formed a double top near the top of the channel. We could see a sell off encroaching. I would need to wait and see how tomorrow morning unfolds. - 1H UJ is showing signs of the change in trend: - Bearish TK cross, price inside the cloud, but below the Kijun. We may want to either leave this one alone, or see if we can catch the opening bid.
by jonjaytx
EURJPY 03/05/19- Daily Price closed with a small bearish candle. Everything is still above the cloud signaling bullish momentum. We could see a reversal soon. - 4H Price has come to rest near 78.6 This could be where we see price reverse back to the upside. It's no guarantee since we see price falling back inside the channel. - 1H We can see a strong rejection off of 78.6. This could be the start of the uptrend back to the top, or hit the channel (or Kijun) and head back to the bottom.
by jonjaytx
EURUSD Update 03/04/19- Daily Price has shown a strong rejection off of the overall trend. As an added bonus, there was a break of the counter trend. - 4H Price has broken Kijun and entered the cloud; Chikou right along with it. There are signs that the bearish momentum is continuing: - Kumo Twist - Price and Chikou below Kijun We could see a possible buy setup closer to 1.13000. - 1H This timeframe shows multiple selling opportunities when price came close to Kijun and bounced hard. We see a level of support formed around 1.13200 and price could continue up a little higher before dropping again.
by jonjaytx
EURJPY Update 03/04/19- Daily The daily candle closed bearish today rejecting the zone drawn around 127.500. JPY pairs across the board are appearing to have some bearish momentum. Some of my partners that look at other pairs saw similar findings on other JPY pairs. This looks like a solid railroad formation (tweezer top). We could see more from this pullback. - 4H We see a nice "M" formation in the rejection zone that signaled the move to the downside. Since overall trend of the short-term market is bullish, I would be looking for signs of reversal around the highlighted areas. These are also my TP points, and we can see TP1 (38.2) and TP2 (61.8) have been hit. There is current rejection off of the 61.8, but not one significant enough to engulf the previous bearish candle. I still think we could see a little more bearish momentum. -1H This timeframe confirms my findings on the higher. There are multiple signs of continued bearish momentum: - Dark Future - Price and Chikou below Kijun - Breakout to the downside of the Kumo Although these signals are not as strong as they would be on a higher timeframe, they still give slight foreshadowing of what can occur going into the next day; or at least the next few hours.
by jonjaytx
BTCUSD Potential FractalPotential fractal playing out on BTCUSD. This aligns with my personal assessment of the approach to the A&E neckline on the 4 hour chart, as shown below: Given the long fib over-extension to 3.618, I believe we are due for a correction, but it will be choppy and slowly drawn out. I also believe that this will grant us a chance to revisit the .618 ($3,660) of the range that we have been within since December 17th. As always, exercise proper risk management and adjust to the situation as it develops. There are many critical points around the current range that may greatly impact projections for the coming periods.
BITFINEX:BTCUSD
by checkm8
AUDCAD Potential Buy 100+ PipsGood Afternoon Traders, ForexFargo checking back in. Today, our analysis is a continue of our previous post regarding AUDCAD falling down. As price approaches our Support Level of 0.94500, I see an opportunity to buy this pair as it has been in Heavy Consolidation between support and resistance weekly levels. My resistance level is set for 0.95750. I am waiting for the market to give me a clear indication around the Support Level, so I am stalking this pair like a hawk and waiting for my entry positions. I have not placed the trade at the moment, HOWEVER, when there is confirmation in my direction I will set my trade as follows. Entry @ Support Level of 0.94500 Stop Loss @ 0.94300 Take Profit @ 0.95750 This is a 5:1 RR Ratio. As always please leave any feedback, positive or negative! GOOD TRADING! -ForexFargo
Long
by BearishBull617