Looking at Fibonacci levels and sold off my long position all the way up from $8,362.5. Made some crazy profit last few days now set to short as I believe this uptrend is just about a over unless a bounce up occurs that will trigger my S/L. Waiting for the market to cool down again for a re-entry long position if any but for now I think we are heading south. My...
I am looking to buy in on this recent sell off on the Dow index.
Nice sell off happening with price making its way down to the bullish trendline shown on the chart. Price Is making daily higher highs and higher lows most months so I am looking to see rejections of the bullish trendline to go long.
Also in that area there is the 0.618 Fibonacci Retracement level...
Bitcoin outlook for February
Bitcoin is in an interesting spot at the moment.
The EMA-200 was and the red supply line was broken on January the 14th with the tallest green candle since October the 25th.
This move was also accompanied by high volume which indicates strength.
The price has been retracting ever since, but what's interesting is...
GBPUSD has had a great day today, it seems to be trending higher!
Price is currently retracing and is sitting at the 38.2% retracement and at the 200MA on 4HR (blue line).
This is a risk defining area!
Buy here and target recent highs with stops just 15pips below.
* * fundamentals * *
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Trade with care guys!
I checked all latest retraces,
the most common values is 0.5-0.618.
We are almost touching 0.618 of the shortest
fibo grid, and already passed the 0.318 and 0.5
values of two other possible perspectives' grids.
Confirming that the possible bottom is,
possibly, closing right now)
Buy this dip) While you still can!
Hey Guys... All well??
Price has rejected the 100MA on the daily time frame and currently rejecting the bottom trendline...
This is a risk defining area for most traders in my opinion, so stops below the bottom trendline and 100MA.
TP 1 - 200MA
TP 2 - Recent highs (If price breaks 200MA)
What do you think?
AUD is one of the weakest currencies today, with the JPY being the strongest. This makes the pair ideal to sell today.
As we speak the 4HR 200MA is being broken confirming the downtrend... 100MA is sloped and heading downwards.. These are all good signs of a bearish trend!
Execute a trade here and target either the 50% retracement or the daily 100MA (blue...