Bullish Butterfly Pattern - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - First TP at 0.618 (Fibo D-A) - Second TP at 0.382 (Fibo D-A) - Third TP back to where it all started at top Left Leg: We can see an ABCD pattern been...
A break above 598 will trigger these targets Target 1: 690 Target 2: 804
Good day traders I hesitated putting this idea up because at the moment, BTC might see support and rebound or it might just slip right through the triangle support and head towards the 4800 range. With that being an unknown, I normally would recommend a trade like this after the signal from BTC but with such a short stop at the moment, It’s a low enough risk...
The .618 fib level is known as the golden ratio, a place where usually a lot of buyers will be stepping in. This .618 fib level of the last run up is at ~7800 USD. Also a big support level ~7600 USD. Depending on the price action at these levels this could be a good opportunity to build a long position.
2618 Setup - double floor - measure impulse - retracement at 0.618 - TP at -0.27 and -0.618 Double Flooe + 0.618 = 2618 There's a perfect support and retest for that double floor that gave us this bullish impulse towards -0.618, at this point a major retracement is needed for further bullish movement, ABCs gave us that by consolidating and reaching 0.786 for...
Verge has tipped the golden correction ratio from the Elliott wave structure it was in. It bounced back up and managed to get out of the downward channel and it showing bullish signs for the next uptrend/Elliott wave structure. Lot of FUD but nothing to worry about ;) "NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up,...
Litecoin is at a critical pivot I have been highlighting for a long time in several posts. The 'golden ratio' of .618 Fibonacci resistance which LTC is currently teetering around (now a few dollars below). We need to see a solid extension above this level, which equates to about 163, to establish a firmly bullish perspective going forward as far as technical...
Interval: 1h Short based on Golden Ratio Indicator
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Happy easter Monday to erbody in Aus! instead of eggs I’ve been hunting the golden ratio. As we can see here we have a nice Fibbonaci trend matching a 5 wave elliot with a WXY correction wave. In the Fibonacci B section I’ve shown the 3,3,3 pattern for you of a WXY correction, but it gets a little small in the d section to map out so you’ll have to trust me. If...
Happy easter Monday to erbody in Aus! instead of eggs I’ve been hunting the golden ratio. As we can see here we have a nice Fibbonaci trend matching a 5 wave elliot with a WXY correction wave. In the Fibonacci B section I’ve shown the 3,3,3 pattern for you of a WXY correction, but it gets a little small in the d section to map out so you’ll have to trust me. If...
NZDCAD - Golden ratio - Short opportunity. Thank you for your likes and comments. You can alsofollow my other social media accounts.
Confirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) Look how X to B distance is 0.384 (around 0.382!) A to C distance is...