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618 Fibonacci Retracement

BITCOIN ELLIOT WAVE! BULLISH SOON. BTCUSDWE ARE FORMING AN ELLIOT WAVE ON BITCOIN WE HAVE JUST HIT THE 61.8 MARK ON FIB LEVEL AND A RESISTANCE HAS BEEN SHOWN WE HAVE BROKE THE BEARISH TRENDLINE THEREFORE I AM ONLY FOR BUY TRADES I WILL WAIT FOR A PULLBACK AT THE NUMBER (4) LEVEL ON THE ELLIOT WAVE WHICH ACTS AS PREVIOUS RESISTANCE LEVEL, WHICH SHOULD TURN INTO A NEW SUPPORT LEVEL FROM THE 4145.00 LEVEL I WOULD BE TAKING MY BUY TRADE MY TP WILL THE 100% LEVEL ON FIB OR AROUND THE 6500 MARK
COINBASE:BTCUSDLong
by asg1
1
USDCHF Sell - Supply Zone at 618 LevelUSDCHF diverges from the dollar during the euro session and continues to climb within a rising wedge when the dollar starts to fall again. If we compare both dollar and USDCHF in the D1 chart, we will see that both are trading within an ascending triangle and that sellers are more in control then the buyers. The dollar has already started to fall while USDCHF is seen completing its retracement and will soon reach a key supply zone at 618 level. Wait for the price to pierce through the top of the rising wedge and look for strong signs of sellers.
Short
by AlgoVenture
EUR/CAD finally reaching key Correction levelOk, so this chart looks like quite the mess but hear me out. EUR/CAD had been following a clean WXY correction and it looks like it's about to reach the (A) Correction on the Y wave. So there are 4 good reasons why the price is going to reach my (A) correction. 1. If you take a look at the red trend line, price has crossed over and it is going to use that red trend line as support and bounce off of it. 2. That blue price zone is a solid support level shown by previous price rejections. 3. Using the Fibs Extension tool from (W) to (X) gives you the .618 retracement. It is common for the (A) Correction on the (Y) Wave to retrace to that zone. 4. Taking those 3 reason, they all converge to the same price and time point giving you an excellent entry to go long. The only resistance that could make this all go to shit is the white trend line which it looks like the price is already being rejected off of. You can see this all play out if price break below that white trend line. Make sure to Follow me on YouTube and Instagram for more Forex analysis and overall knowledge. www.youtube.com www.instagram.com
by CrisBarr96