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Fibonnaci

EURUSD 12/22/19 4hour Analysis EU Short Idea MAJOR bearish resistance is right above current price action. The overall trend is very bearish on higher time-frames and we may be seeing the next leg down form very soon We saw rejection and lower high formations after the daily resistance zone was hit. We’re now looking for a retracement to either the 38.2% or 61.8% fib level on the 4hour before we start looking for short opportunities. Ideally a 61.8% fib level with strong bearish setups would be good reason to enter We’re looking to target toward our 4hour support around 1.1000
Short
by ForexLeague
BTCUSD: Wait for confirmation candle!- Lower time frames have performed bullish chart patterns - RSI is in the oversold territory and starting to peak upwards - RSI on the H1,H4 & D1 time frames is in the oversold area - Price is currently at a support level so price needs to close below this zone for a break and retest and then entry. - Pennant/Flag chart pattern formed indicating a possible continuation of downtrend! Price may turn around and push to the 61.8% fib retracement level. Do not enter trade until you see a confirmation candle {a strong flat top or flat bottom candle}. Price may enter into consolidation after the big push downwards before continuation or reversal of trend. Will post comments on the updates of this trade.
BITSTAMP:BTCUSD
by apphiapatten
AUD/USD - Short This is a perfect setup of for chart patterns! Left shoulder, head and right shoulder has formed price has dropped to the neckline. Price may break through neckline or bounce off as a correction then break through. Resistance is found @0.71750 whereas Support is located @0.70179 which is also found at the 50.0 fib level. This validates the neckline of the head and shoulder set up. Price may break through upon contact if momentum is strong enough. Although, it is likely that price will form correction wave and bounce off the 50.0 fib level before breaking through. My Fibonacci indicator shows price has recently passed the 61.8 level & is sitting on the pivot point of the 50.0 level. As I said, if we are in a correction wave price will bounce off this level and eventually will be broken. Ichimoku indicator shows price has penetrated through the kumo cloud, which shows a bearish reversal sentiment on the pair. The chikou span is below price as, which also shows bearish momentum in the market. On the fundamental side, as of 06/03/19 The Bank of Canada decided to⁣ keep its initial interest rate of 1.75% for the 6th consecutive time from October 2018⁣.
Short
by forexwithfred1
Bitcoin Bottom - May/June 2019?The question on everyone's mind is where and when will Bitcoin bottom. With this analysis I wanted to look at both price and time. The first thing we can see is that Bitcoin has been respecting (closing above on a weekly scale) a trendline from the $63 low in July 2013. This trend line was tested and respected again at $152 Jan 2015 (previous bear market bottom), and $198 August 2015. If the 200 week MA does indeed breakdown (~$3200), where will Bitcoin find support and possibly bottom? If we look at this trendline, we can see that it intersects with a key level in Bitcoin's price history at the $1850-$1900 level in late May-early June. In the summer of 2017 during the heated scaling debate Bitcoin crashed from $3000 and found support at $1800 after it was confirmed that Segwit would be added to the protocol. This is a key level in Bitcoin's history. Now if we look at time - using the Fibonnaci time zone analysis we see that Bitcoin bottoms between the 1.5-1.618 time zones. If we take the swing lows and swing highs on a macro level we see that during the previous bear market in 2015, Bitcoin bottomed right between the 1.5 and 1.618. Now if we look at the current environment, the 1.5-1.618 time zone places us May and September 2019. These date are very interesting because it also intersects with Bitcoin's historic trendline. I'll end this analysis with my personal prediction. I think that Bitcoin will ultimately bottom around $1500 and close the week at around $1900. The $1350 level is the only level that has never been fully retested, but I do think it will get front run since there is a lot of money waiting on the sidelines for lower prices. Bear market low: $1500 Bear market low on weekly close: $1900 Thanks and best of luck!
BITSTAMP:BTCUSD
by dmz81
1
BTC - Weekly Price AnalysisAfter the massive bull candle we had on the 15th of October, the market has been relatively quiet and the global cap has been fluctuating between 208-211 billion for the past 12 days. From a technical standpoint, Bitcoin is looking good at the moment. A few key points: - The trendline has been tested 4 times generally indicating a trend is well defined - Chart patterns are forming a bull flag / falling wedge - Psychological support (blue line) aligns with the .786 retracement support line at 6371 - The kumo has contracted to a degree that has not yet been witnessed this year. Until now. This indicates a large reduction in overall volatility and resistance. I would expect the price to test the weak point of the kumo illustrated by the green box. - Stochastic RSI is nearing a historical bottom - Relative Volatility Index has tested a support trendline of its own 4 times, and the topside resistance twice. To me, this volatility pattern is somewhat akin to a spring being coiled. - The Kijun/Tenkan are both moving laterally which further confirms lacking volatility and acting as weaker resistance points Due to the very well defined bottom we can see that's been tested, the large reduction of volatility indicates by the kumo, tenkan, kijun, RVI, in conjunction with the fibonacci levels, chart patterns, I am placing my weekly price targets between 6362 - 6837~ Join our discord or download our app to receive free trade signals and more! (:
BITFINEX:BTCUSD
by SpektreSignal
2
In the eye of the hurricane one must go with the flowWithin the present correction a bear stand is the only logical position. Sure it can turn over, and with the current volatility it may well go up or sideways. I believe there is still margin for the SPX500 drop at the very least to the 2591, as that is the full Fib retracement of the previous up swing. If Europe opens lower and Japan and China bleed all over there is no other path and something really unexpected would take us out of this quagmire. But beware! This may well not rest at the fib prediction. If we go lower up to 2394, this is officially bear market territory and it will take several months to get out of there Some other reasons that lead me into believing we can continue, is how fast we broke the previous channel, and even it's projection lower served as poor support. It hang in there for 3 days, then it broke that level with one slight visit upwards, which confirmed the down move. Momentum is really low, and even if it may turn upwards, It is in deep bear territory. Bull approach at your own risk This said, with such volatility, I will enter cautiously looking just to get out as soon as we reach the fib level of 2541. I will use an almost 1:1 risk reward ratio; something lower like 1:2 or thereabouts would stop me before this morning for sure.
FX:SPX500Short
by picatris