We are apparently sitting on an older trendline that seems to be still in effect. nibbling off the 23.6% fib line effectively forming an ascending triangle. if you extend this trendline it crosses my 666 target right around the 3x timefib which is based on the uprun marked by blue vertical lines 0 and 1. line 3 is after 3x the amount of time between 0 and 1. The...
wow it's clear now ... I randomly put those fib extensions on the last rally and find that my prediction (green) is ON POINT at the 6.666 extension :O bitfinex the satan's child
Check this out guys ! the mean for this cycle is around 608. thats where the triangle is closing. also price rendered around the same area above and bellow the mean. also price fell bellow the mean exactly at the halftime of the triangle ! isn't this stuff fascinating :O alltogether this "means" xD that something big is going to happen on or maybe before the 9th...
This TA is a part of my last one I have published. To understand this btw. the other you need to check both. ...so here's the link: (and for all those even don't know me yet, sry but english isn't my first language, and I hope I don't sound like a complete idiot ^^) Let's have a short view to this one: We have crossed the most optimistic trendline from the...
I used the arrows to highlight the areas in which we have seen the crossover between the MA-50 and EMA-15, coupled with high volume, rising RVI, and overbought RSI. I don't believe anyone should actively attempt to short here if holding bitcoin is your objective, however I do believe we will see a final buying opportunity very soon here before the ultimate run...
I posted a case on the daily taking some liberty with the possibility of a symmetric triangle -- I determine a bullish case due to MACD/RSI/OBV suggesting a positive divergence with respect to price. In this case, I with a descending triangle, I see a channel that is forming in a possible uptrend with significant fib resistances.
JCP has a few things going for it. We have a nice Fib setup, if we can see some stability above 9.20, We could see the price jump up to 10.35. Also, this same level is the high from back in December. I usually love the 1.618 extension, but with so much resistance coming at the 1.27, i would be leary of pushing to hard for more money. Also earnings come out...
at the currencies like low to high(like usd-euro) its working but i need to be sure thats why i wrote this message in this place:) give me feedback please
We have a fib setup from about 1.2000 to 1.3700. I'm reluctant to say it will go all the way to 1.4700 as it retraced between 50-60%. The 1.4700-1.4800 level is a high from 2012 that should provide some price resistance though.
I see 3 different fib patterns. The light blue completed when usd/cad reached 108.75 last night. this setup the next leg (dark blue fib), which would give us a price target of 108.00. If you look back further we will see a longer term fib move (light green). the 108.60-90 is a key area. if it breaks below, we have room for this to drop all the way down to 106.00
notice that we are NOT using candlesticks, but rather Heiken Ashi. Heiken Ashi is very similar to the regular japanese candlesticks, but it fills in the gabs that are missing with the movement. ie if it was a bearish gap, there will be a bearish candlestick. This makes it MUCH easier to visually look at charts, as well as predict reversal candlestick patterns...
The 100MA has provided a strong support and resistance line since the beginning of the year. coinciding with the 0.764 fib line and move upwards on the CCI, I am favouring a long position with $102 my target which is in line with the .382 retracement
As always, I love price breakouts and using Fib levels to understand where the market should head to next. If we can see USDJPY break above this downward trendline, (which will then become support) and if we can see a little price action remaining above it, we should look at this continuation of the ABCD pattern. However, we have to be aware of this new downward...
USDJPY retraced to the .382 and not heading back down. Also, did we just break the bullish trend and now forming a new bearish trend?
EURUSD just dropped down to a support level that i have pointed out. we might see a little rise and bounce of 38% retracement. Then is it headed down to the 1.618 (price 1.3770) which is close to same value as FIB drawn from yesterday.
This has totally failed! While doing this I noticed that when I drew the Fib Time Zone that it lined up really close to the peak to peak line that I drew. As a matter of fact it seems that every peak has been following the Fib Zone 1,2,3... Now price predictions are going to be much harder to predict. Since there isn't an old data to base future up swings on...
Reasons are posted inside chart.