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618 Fibonacci Retracement

$NCASH #NCASHBTC ready for a bounce from the 61.8% fibs again?Hello Lads and Ladies, As requested we are looking into NCASHBTC today. Since its initial push from March 8th it has respected the fibs lines very hard. My procedure was here first to make support/resistance lines which you see at the raw chart and then overlay the fibs retracement. After adjusting a little we see almost every single one fits just right. Right now we see the chart sitting right above the 61.8% fibs line and the last time NCASHBTC has had quite a big push. This is very likely to happen again and it even seems to be forming a cup and handle formation. ANYHOW, it has reached the 61.8% line on a smaller scale already two times in the last days and has been bouncing up and down between the 61.8% and 50%. As it just tested the 50% line and has been rejected, it will be testing the 61.8% again. From this point it will either retrace even more possibly even to 100% fibs or it will have its bounce and confirm the cup and handle formation. From where it would retrace again and then continue its push even possibly to new highs. At this point its dependent on the movement of the whole market and the news. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Cheers, Tomas
NLong
by KongTrading
ARN / BTC, A Good Swing Opportunity!Hello, and thanks for visiting! I´ll get straight to the point. Both the RSI and StochRSI shows good values. I´ve drawn a Support Line, which is the lowest it can go if this the fourth Elliott Wave. This happens to be right below the golden pocket (0.618 Fibonacci Level). My Bullish Prediction: If the support holds, we could get as high as last top or even higher. My Bearish Prediction: If the support breaks, we will see another correction and drop down to a 0.782 Fibonacci Level. My stop-loss is at 5%. Stay safe trading guys, that´s the best way to make the profit!
ALong
by mariusbless
1
The Calm Before the StormHow do you know when to buy? When everyone else is selling! Especially when there are several key signs that may indicate a reversal. First, there is RSI divergence. Even though the price is still dropping, the RSI is starting to uptick, meaning the price Bitcoin is actually starting gain some strength. In addition, a falling wedge is embedded within a falling wedge. The falling wedges show that the price has gone down too quickly and will at least bounce, if not start a new trend. According to my Elliott Wave count, Bitcoin is currently on wave 2. This is how Wikipedia describes wave 2: "Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% of the wave one gains, and prices should fall in a three wave pattern." Wave 2 is usually very painful, and many people decide to cut their losses. However, if you can hold patiently, then wave 3 will bring massive gains, typically 1.618 times the price increase of wave 1 or more!
BITFINEX:BTCUSDLong
by aoeuaoeu
2
Fib Retracement/Elliott Wave Bounce off 0.618 on 4 Hour GraphFrom what im seeing EOS has hit the prime bouncing area on the Fib Retracement Graph @ 0.618 Support on hand to keep EOS above $11.60 However, we know BTC holds the reigns and it has not reached the 0.618 level which it could potentially hit at around the $8000 mark. If BTC hits $8000 i think that EOS will follow suite and head towards the $11.60 area. If BTC however decides to bounce from its current position i believe that EOS has 2 target area's as shown.
BITFINEX:EOSUSD
by KMacUK
AUDUSD (2618 and ABCs) - Daily Chart2618 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 major retracement. MACD shows lower low expecting bullish impulse. Good Trading. - Daily Chart
Long
by DanielParra99
SPX500 4HR 0.618 and demand zone combinationRecently the SPX500 is just a great trading vehicle by harmonic patterns, supply & demand, and inside bars. It started with a huge daily XYAB, bounced of 2 entries of it , forming tiny XYAB and 2618, and numerous inside bars trading opportunities.. Yesterday it dropped from the 2660 supply zone Here we got another chance to trade take the long with a 0.618 and demand zone combination, so I'll be waiting for proper reversal sign near 2615 to long! Let's see how it goes!
FX:SPX500Long
by Trader_Joe_Lee
BTCUSD Inside week, time to choose direction 2.0!! Last time in the late January, when BTCUSD finished weekly 21ema correction, which made the inside week so important. And now, the inside week here simply is the 0.618 retracement since bitcoin started trading. If it breaks to the upside, the 0.618 retracement support is strong, not a bad idea to take some long positions; if it breaks to the downside, the downtrend continues so more inclined to short! Let's see how it goes!
BITFINEX:BTCUSD
by Trader_Joe_Lee