looking for a retracement of around $30000 to $20000 will update from there
(a retracement to 0.382 ($30000) for a tp 1 of $42000)
(a retracement to 0.5 ($25000) for a tp 1 of $38000)
(a retracement to 0.618 ($21800) for a tp 1 of $34000)
BTC has broken down from the widening channel we have been moving up in since the 4th of January. We need to hold $37600 (local support/supertrend) - $36200 (Macro Fib 2. extension) or we could see a move down to the landing zone around $34000 where we have major support from what has been the top side trend line resistance for the majority of this run. We also...
We're looking to get into short positions on WTI and US30 (down jones), our system indicates that we could see price action move lower once the levels listed (fibonacci retracement) are reached.
Trades can fail, and many times they do, so trade at your own risk, but if we could give you a tip it would be this:
Start using structured position sizing, the way we...
Will be interesting to see if the bullish move in GBP/USD continues. Obvious last pullback to 0.618 retracement. If we can break above structure to form new highs then a target of 1.272 extension looks reasonable with a 1:1 move from previous as well.
Very limited moves on the 4hr charts but minor pullback may be used to see 50% retracement nearly reached. Combined with a Bearish Flag Pattern may give indication of a bearish move down. Staying in the channel lines and possibly moving lower to break structure. Highs now of 0.-434 before the move down.
Currently at the monthly candle closes this huge spike, still think we need to pull back to sub $0.20 before any major $1 moves in my opinion.
Either this moons in January or November i don't see it being this year though it would be nice, a cross point has just shown itself now.
Lets see if this fib plays out and how these daily canldes closes, the weekly also...
Out of all the pairs, XLM seems to have the cleanest set up for the bias I still have, XRP has done bits this week which I was not expecting but I still dont think this is a parabolic bull run.
Another drop across the majority of cryptos abiding by this current fib retracement and hopefully the extension as well being a huge buying opportunity again.
If we keep...
Using the zones shown with the reasons ( 61.8 & 78.6 retracements ) for them being there shows why we have seen price push up to $0.28500 just now.
$0.29999 is a major prior resistance which I could see being tested one more time before a final drop to $0.17000 before we moon in January, hopefully 🤞
Bitcoin should bring down a majority of the market aiding this...
Nifty has shrugg off covid blues and is back in its long term channel she has been following since Sept-18. 10-12% move in either direction is due now. I would incline to bearish movement because:
1 No news (positive/negative) expected
2. FTSE Rebalancing and effective pouring of FII money already factored into future data since Nov series beginning
Trendline break and retest on the lower time frames, testing trading 1pm - 3pm roughly with this pair.
Currently tapped 78.6 retracement from the huge dump during Asia session, may have just missed the entry though H&S maybe.
$ is going down regardless at some point S&P 500 has a similar set up...
After a huge retrace down; DMS is showing triple MACD and RSI Bullish Divergence on the Daily.
I would fully expect to see it bounce from here and possibly test it's last high and maybe beyond.
My stop will be below it's lowest low.
I hope October is bearish for anything that isnt the $, I would really expect some surprises this month in terms of what markets can do.
If XRP can see $0.175 again before November I would be a happy chap, great buying opportunity at this price, this daily fib extension line up nicely with the support below.
Lets see what PA develops at the start of October 🤞