Eyes are still very much on this pair.
No opportunity presented itself last week, but at the moment we have a nice and clean potential double top forming. Naturally, we need to see this neckline taken out before we can trade it. The double top itself (although it cannot be classified as divergence) is showing significant signs of weakening, through the MACD and...
Using Fibonacci Retracement as my key indicator, you can see Gold has respected 23.6 level since the major bearish move last week. From also using the Stochastic indicator, you can we are current sat at 50. I would like to see price retrace slightly to the 23.6 level before making a Bullish move to the Golden Zone.
With a 1.66 Risk to Reward, a promising set up,...
Make your own decision I choose to scalp it personally when it starts to retrace, or you can just place the trade and swing it. I believe that the continuous inflation on the US dollar is steadily going to drive gold and silver up. However, the recent retracement will likely vanish soon when another round of economic stimulus funding comes. Hope the trade goes well :-).
FVRR Fiverr found support on the 4/1 gannfan line on 50sma and retested that bot creating a double bot after which the momentum picked up in a huge engulfing candle and staying very strong until now going up between the 4/1 and 3/1 gannfan lines. Most likely fiverr will break retest the 3/1 gannfan line and end up going to 1.272 fib level after the deep pullback...
Microsoft has found a double bot on the 200 ma and the 8/1 gann fan line and is now going to continue its way up until 1.618($254) level with some stops inbetween on the 2/1 gann fann line that will be the 0.618 fib level. A strong momentum shift around those strong support levels
Showing good support off the trend lines
Used smaller time frame to go for a good entry and a small stop loss for big rewards.
Also hit a low of 25 on RSI
take profits set on fib retrace lines to the 0.618
Please follow me and like my idea it would be much appreciated
Waiting for it to reak out of the resistance zone and create a bullish engulfing/shooting star candle to place then aim for previous high support levelif it breaks lower level ill wait to see if support zone becomes resistance zone then think about a different entry to the downside or possibly wait for it to break upwards
I took a short at the areas at the top, it was looking very over extended. The line I always use and think when I analyse and my life philosophy - What goes up must come down - and vice versa. But the key question is - if we go below further the trend line up, and we have clear further declined I would short the further decline. However, we are at a key area and...
Suspected change in sentiment from bearish to bullish following consolidation, break of prior high and engulfing candle. Take profit sitting just above 100% Fibonacci extension achieves potential 1:3 RRR.
Trend continuation following period of retracement, large engulfing candle does not provide sufficient risk to reward ratio 1:3 hence open if price retraces to 50% of the engulfing candle. Take profit is 162% Fibonacci extension.
Here is a long term growth curve of Bitcoin. The coloured curves inside the white lines are set to Fibonacci values. The purpose of this chart is to help long term Bitcoin investors clearly identify different phases of the market cycle.
Euphoria - when price approaches the top white line.
Capitulation - when price returns to the bottom white...
We have just completed a head and shoulders pattern on the 4 hour time frame and now it looks like price is going to push up due to the bullish hidden divergence and also the bullish pennant pattern. Price is likely to have a small retracement at the golden zone(Either at 50% or 61.8%), but is expected to carry on to the upside.
Literally every time I open my TradingView I see retarded bitcoin analysis, sorry. I really don't understand why people bother lol. So me being a hypocrite, I decided to do an analysis.
Bitcoin nicely respects Fibonacci. SO plan your entries if you're insane enough to trade it.
There is still giant selling pressure.
Predicting bitcoin is jokes. everyone is...