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Fibonnaci

Litecoin... almost thereLitecoin is at a critical pivot I have been highlighting for a long time in several posts. The 'golden ratio' of .618 Fibonacci resistance which LTC is currently teetering around (now a few dollars below). We need to see a solid extension above this level, which equates to about 163, to establish a firmly bullish perspective going forward as far as technical analysis is concerned. The importance of Fibonnaci levels is critical and this is shown with 11 elliptical circles showing where Fibonnaci levels have served as support/ resistance. Recent bullish development include: 1) A reversal in volume patterns with respect to price indicated by the upward sloping green line which is preceded by 4 or 5 downward sloping magenta ones. 2) Positive RSI developments indicated with a white dashed line. 3) Failure of the 'death-cross' to occur which happens when the 50-day movilng average dips below the 200. LTC is also above both of these moving averages. 4) Bullish MACD crossover visible at the bottom. At the time of writing RSI is indicating LTC is a bit overbought and may pull back a bit but I doubt this would be the start of a large drop. If you find this info useful please give a like, criticisms welcome.
BITFINEX:LTCUSD
by TNasr
LTCUSD- Do you see what I see?Looking historical at Fib points past and present, you'll see some almost eerie accuracy regarding the instances at which we've touched fibs. Looking at the big picture here, given the rally we've seen up, could we very well see a bounce back down to 176? From the EMA standpoint, it seems as if we're still bullish, which is a signal I'm not making the mistake of ignoring again (as I shamefully had to follow up my 170 selloff with a 200 buy in yesterday :/) We're coming off of being overbought, and it seems as if we're almost already recovering back up, so might we be touching 260? Here's some thoughts I have: 1) Given the hype of Litecoin Cash, which I still stand by the belief that it's a scam coin, people have chosen to artificially inflate the price of LTC so that they could then flip down and build some coins in the process. Since the block is forking on Sunday, it seems we're prepping for that. 2) We see a rally to 260, followed by a dip down to 176 the following day or two. 3) People buy their coins on sale, stocking up for the fork, promising "10 tokens to every 1 LTC". 4) People abandon ship from Coinbase to go into this fork, also hurting the volume of LTC unfortunately. 5) Once Litepay launchs on the 26th of February, we'll see a nice bull rally up, and all will continue as hopeful. I don't know everything here, so I would truly love some thoughts and opinions. We're either looking for a nice rally up, or a largely juicy flip.
COINBASE:LTCUSD
by NickPadovani
Bitcoin Chart + AnalysisHello everyone. I hope you are all holding up fine the last couple days. Here i have identified 3 waves, in no way are they in any order but just located. The first one is the small one which retraces back at the .382 level. The next one in this case would be the one up above and this one retraces back to .5 respectively. However if you look at the whole screen as 1 wave we get a .382 retracement. Up on top we clearly see a regular flat formed, I will update as to if this will continue or go up.
COINBASE:BTCUSD
by srankoin
Long OMG/USD RSI Turning, Fibonnaci, New Wallet Q1 2018OMG has very solid fundamentals and is about to release its biggest news in Q1 (wallet release). It is adhereing to traditional TA and has a high enough market cap not to be easily manipulated. It is currently in an upward channel that has held multiple times. ETH/BTC which is a strong indicator of alt future performance has bottomed out. RSI turning positive on the daily chart. All these are strong indicators of bullish momentum. Take profit on strong resistance (TP1) followed by Fibonnaci TP points which worked well in the past. Good Luck!
BITFINEX:OMGUSDLong
by Liquid_Crypto_Trader
2
Waiting for BTC to dip to this areaI will be waiting for BTC to dip down the 7800-8000 USD area. Why? Because the market is not in equilibrium. We have seen a huge surge in price, suddenly everyone wants to have a piece of the Bitcoin cake. The market likes to come down back to the Kijun line (red line here) which is a major support level. Reaching that price would mean that the market would be once again in equilibrium and from there one would continue its bull run. It wouldn't surprise me if the Tenkan (blue) and Kijun would be flat for the next few days, we have seen it before. So far most of the major dips happened during the weekends (fridays) - which we are approaching. I recently posted a chart where I shorted BTC at around 7900 because I expected a dip around that area. BTC surprised me and my prediction turned out to be false, I averaged my way to the top and managed to sell between 10.5 and 11k. Watch the market closely, a lot of new money has found its way into crypto. BTC dip means that alts dip now.
COINBASE:BTCUSDShort
by AaronCrypto
4
EUR/USD to Lower Despite Good USA Retail SalesDespite the positive economic news for USD; overcoming the forecasts of analysts that predicted only a 0.4% increase in retail sales, although it was actually a 0.6% increase. This fundamental analysis shows that the consumer spending within the economy of the USA is above par which can also conclude to good accounting and money management throughout the country. Although, through Fibonacci analysis the 38.2 level is proving to be a very strong resistance line for the EUR/USD pair and it is currently on a downtrend from looking at trend lines for previous H4 candlesticks. Also, a bearish spinning after the uptrend from the economic news just below the 38.2 Fibonacci level which indicates a 'bounce' from the resistance.
Short
by forexwithfred
USDCAD: Patience will be the winnerMost traders are anticipating the drop of the USDCAD in the broader perspective. I still think it is a little early for the USDCAD to drop, but only time will tell. For now we need to watch price retest the highs it made this past week. If it fails to form new highs then we can look for a short opportunity and hold it. I am expecting the price to at least get to the 71.8 fib level before reversing to match the AB leg, forming the CD leg with an bearish implusive wave.
by AbdorhmanThi
Descending Channel on USDCHFExpanding on my previous idea of apparent Double Top formation on this pair, I've gone into greater depth about the path that it might potentially take. The current trend that we can see the pair taking is outlined by the descending blue lines that form a clear channel. From this (and the overall double top), we can see that there is a higher probability that the price will continue to fall within this channel compared to it breaking through and reversing the overall trend. Then the question then becomes: How far will it drop and what will it look like? The fibonacci retracement lines that I've used here line up very well with past major S&R levels where the price bounced off of. If the price drops into the green zone, we can predict that it will drop to the 0.786 level, making stops at the 0.5 and 0.6 levels where it may experience some brief consolidation. The RSI level is also identical to that seen on the 8/03/2017 where it experienced a minor reversal to keep the price within this descending channel. The price may even dip below the 0.96768 level but this works for the purpose of illustrating the inner-workings of trading a descending channel within an apparent double top formation. Of course this pattern could always turn on a dime, and although the USD is becoming calmer as a result of investors settling with Trump's presidency, there is still a chance that the price might adversely react and exit the channel entirely - so prepare accordingly. Setup Entry: 1.00082 SL: 1.00716 (Adjust to channel borders) TP: 0.96768
Short
by Cohiba93
1
LTCBTC possible short towards 50% level I see here slight potential for short position. Level 78.60% wasn't breached for the last 8 hours. My experience tells me that the last two shadows are not the lowest lows and the pair will try to go down below 10 dollar mark. I wouldn't be surprised if the market would try to test 10$ few more times. I personally believe that as such.... :)) the smaller intervals then 4H in cryptocurrency market are not reliable source of market information. I set SL and TP. Whatever will happen I would watch 10$ level carefully. I see two possibilities here If the pair go thru 10 dollar mark it should go further south and then probably it should reach 50% level of the strong bullish movement If the pair will be sustained above 10$ level it will create strong support and good indicator for further gains of LTC ...once again I think that when pair will meet 200 Ema on 4H there is a good chance that the price will get nice push but I'm not sure if it will last long or just bounce for short period of time just to go back down.
KRAKEN:LTCUSDShort
by Krystiannwk