Fib_Trades

Fib_Trades

Big pullback on BTC the past 4 days selling off from 42k to 30k where the support was enormous given the volume and bounce from that area. BTC could now trade within the 30k - 37k range for a while. A great trade would be buying any pull backs to the 30,500 area risking off of that 30k level. I doubt that the 30k level will be broken. If it does, we could get a...

Fib_Trades

NANO went parabolic the past few days. I missed the initial move but this setup usually offer great bounces if/when it pulls back today or tomorrow. It is critical for the pullback to the 61.8% fib level to happen either today or tomorrow. I have a buy order at $2.44 which is around the 61.8% fib retracement level. Stop loss would be at $2.19 and target is at...

Fib_Trades

XLM went parabolic the past few days. I missed the initial move but this setup usually offer great bounces if/when it pulls back today or tomorrow. It is critical for the pullback to the 61.8% fib level to happen either today or tomorrow. I have a buy order at $0.25 which is around the 61.8% fib retracement level. Stop loss would be at $0.22 and target is at...

Fib_Trades

BTC has clearly been extremely bullish since it has been bought up along the 4 EMA (gold line) for weeks. Right now, it is having a minor pull back and testing the 4 EMA on the daily. It held that level strongly. I would not go long at this level. BTC will either pull back even more towards the 13 EMA (gray line) or will consolidate/form a bullish flag and...

Fib_Trades

BAT-USDC has been in a downtrend since late April 2019 and has finally broken the downtrend with confirmation. Buying at these price levels ($0.18 to $0.20) provides a great risk/reward ratio. This trade is more of a multi week/month swing trade. Stop loss should be placed at the recent low, which is around $0.165.

Fib_Trades

This analysis is done with the belief that the bear market is over and that we have now started the bull run. Bitcoin has made some big gains the past few weeks and has already started correcting (as expected). I will be a buyer at the 50% Fibonacci level, which is at around $5800-5900. This is a suitable price to be buying at and it should reach that price in...

Fib_Trades

As you can see in the chart above, BTC has had 4-year cycles of bull and bear markets. The purpose of this idea is to keep in mind the big picture in regards to BTC price. In my opinion, Cycle 3 has now begun. It was a brutal bear market but believe it or not, it was shorter than the Cycle 2 bear market by a few weeks. However, it is important to understand that...

Fib_Trades

In a previous idea, I listed the expected targets if bitcoin broke the current low. In this idea, I have analyzed if the opposite scenario were to happen, which is if BTC broke the most recent high of $4240. My targets for this breakout are $4500, $4650, $4800, and $4925. The strongest resistance is $4925. This is a 61.8% Fibonacci extension level. BTC should...

Fib_Trades

BAT has broke out of the $0.23 previous high very strongly. It is now starting to pull back after reaching a high near $0.31. A great buying opportunity would be at around the $0.23 area. This area is a VERY strong support level since it coincides with the following: 1) Previous breakout level (which now turns into support). 2) The uptrend support (if it dips...

Fib_Trades

For people that believe in BAT and would like to hold it for the long term, I recommend buying from the following points based on the Fibonacci analysis and the current uptrend. 1) Buy If it breaks $0.23 2) Buy if it pulls back towards the uptrend, which is currently at $0.18 but will rise with time. Of course, it would be best to buy at a point where the...

Fib_Trades

If BTC price breaks down the current bottom ($3128.89) and $4239.37 remains as the most recent top, then I expect the new bottom to be the following: Price Target 1: $2936 Price Target 2: $2534 Price Target 3: $2131 An acceptable strategy could be setting a buy order at around $2540 and a stop loss at around $2100.