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Fibretracement

Bitcoin XBTEUR Kraken - Short term S and L clusters *Previous chart (), with exact same data had strange problems, where some values are double or not visible ) A short term outlook for XBTEUR ( Bitcoin ). Pale pink boxes show are Fibonacci price extensions looking for possible support if move is to south. Green'ish boxes are Fibonacci price extensions looking for possible resistances when moving upward. Fib retracement is a pale grey on the background (number are on the right side) I have not added Fib time zones so I am only looking at horizontal S and R. Possible slowdown at 8722, if smashed, next interesting cluster sits at 8859 (pale blue arrow)
Long
by alskdj
Bitcoin Just Can't Stop Breaking Out - BITCOIN! (BTC)Hello Friends, Traders, Everyone... In our last analysis, I called for a first target @ $9100, and a second for a test of $10k. Soon after, we had a strong bounce from the fib channel support, a move which seems to have taken a slight pause here just shy of the first target - there are a lot of Fib extensions currently in play, it can be argued that target 1 has probably, at this point, been hit. We have just exactly touched the 127% level from the second highlighted impulse wave on my previous chart, and though I still think easily $9100 will be hit soon, taking profits here is of course, not the wrong answer. So, now to today. I wanted to see if I could help explain why we seem to have paused here, and it didn't take very long for Fib to help uncover the culprit. It seems that, Bitcoin currently rests JUST under the 0.5 FSRF resistance, having violated it already, this resistance is still somewhat intact. This fan, namely the 0.618 level, was also responsible for the retracement we had around the first test of $7k just weeks ago. Now, traditionally the 50% fib level is not too strong of a support/resistance line, and I expect for sure we will at least push through this resistance before we run into the 0.382, which happens to be just over $10K - or past our macro 162% ext target of a 10K test. Here, I will plan on a push through as btc seems as strong as it literally has ever been (including the 2017 bullrun) and that push towards 10K. Make no mistake, that's pretty likely. The resistance from the fib uptrend channels drawn from years of price action, is much higher, and as far as Fib Channels are concerned, we're in the middle of wide open ground right now, nothing in the way until upwards of $12K. So I would assume that, Bitcoin will look for another resistance near $10k. Because we are currently pausing at the .5 fan level, I'd guess will go for that next .382 level, which would give some resistance at around $10.2k - $10.4k area. Now, that's the most likely scenario in my eyes. Alternatively, if this resistance proves to be enough to trigger a retracement from $8800, do not be shocked by another test of $7900 - $8100. I deleted it for reasons of clutter, but that area is roughly the 62% - 79% retracement level for the current impulse wave. Now, we have to retrace at some point. This is normally where I would start advising extreme caution to avoid maybe, a larger retracement from a macro perspective, or even one from the entire last 2 months, if that could be considered one single impulse wave. Now because, on many lower time frames, we have had numerous retracements, some quite large (flash dump from the 17th anyone?) I would say, the risk of this happening is low. That of course, is no reason to just run around commando with no stop loss. So to summarize, I have taken some more profits here counting this as target 1. Hey, sometimes we overshoot :) No harm in securing profits. Now, onwards towards low $10k area, or a retrace that probably would bounce off $8k, and there we can reevaluate. Good luck, traders! Previous Analyses:
BITSTAMP:BTCUSDLong
by vox-populi
eurjpy short setupeurjpy is in a descending channel consisting of lower highs and lower lows. Price seems to have reached its first resistance zone. Resistance zone was previous support from past data and has now been broken and turned into a newly formed resistance which adds to the continuation of the descending channel. on top of that, price was in alignment with the fib retracement of 0.5 from previous lower high so that also indicates that price will drive lower. Waiting for breakout of the trendline on lower timeframes to enter.
Short
by chiefcapitalfx
USD/MXNCould we see price continue up on as detected on daily or could price reverse and make its way down. We are at a good level right now, i have a kumo breakout and a reliable chikou span confirmation that this will go up on the daily. We are on the hourly right now and we can see price at a 0.236 retracement level so price could bounce up on continue down (watch for retest on the inside if this is the case). Furthermore on the daily we can see a buy at a good level as it is off the support trend line (up trend)
by sammaxking123
PONY Can Go Either Way - Wait for the BreakDumped hard from the top of the rising wedge I outlined in my last analysis. Has found some support at one of the previous key demand areas, which coincides with the 78.6% retrace. Looks to have formed a flag now, which can break either way. RSI is near oversold on the daily, but the 4h Stoch is forming a bearish cross. If I had to bet, I'd guess it's going to break down toward the lower support line, but its safer to wait and see how it plays out.
P
by green_brow
1
HEXO Cannabis Investing - The dip b4 big money...still dippingSo Cannabis investors, HEXO is at the a dip and 786 fib retracement. Is this the dip before a November federal bill allowing legalization state by state, or will it go near full retracement? High 9.29, current 5.70, full retracement 3.98. Canopy Growth is 618 fib retracement. The better the stock the lower the dip. I'm using weekly charts and than switching to 1 day and 4 hour charts for potential limit entries. Other favorites are Tilray (TLRY), GW Pharmaceuticals (GWPH) and CBD suppliers CVSI and CBDS. We're getting hammered from credit debt and waiting for the final hammer to drop. TSX:HEXO OTC:HYYDF CGC CRON NASDAQ:TLRY NASDAQ:GWPH OTC:CVSI OTC:CBDS Pick & shovel options: OTC:BLOZF THC Test devices...riskiest play in my view. OTC:KSHB Packaging, labels, and extraction products NYSE:SMG Hydroponics, equipment, fertilizers NYSE:IIPR REIT asset leasing, property OTC:MNTR Financing, asset leasing, property
TSX:TLRYLong
by Pokethebear
GE retracing to below $12With current market GE stock is volatile at best, resistance likely at 11.88 and could retrace to 11.22 area if volatility increases. New CEO has yet to make any significant announcement, although just the announcement caused a nice bounce, which vaporized last week and into this week. Any LONG buyers, wait, wait, and follow the volume. Setting alerts (targets) using warnings. Aka 12.0, 11.90, and 11.50, which would then indicate going full Fibretracement or possibly larger selloff and below recent resistance in 11.25 and 11.20 range. Viewers: Come to own conclusions, Rule #1 and Rule #2. Market is very dynamic , so riding a big wave too far onto sandy beach if not too careful.
NYSE:GELong
by Pokethebear
Tetra Tech Corp. on 3rd falling wedge, await 7 life cat bouncewatching for entry, pulse, dead cat falling wedge for 3rd cycle (2014, 2016, 2018)...TBD About: Terra Tech Corp. operates as a vertically integrated cannabis-focused agriculture company. The company operates in two segments, Herbs and Produce Products; and Cannabis Dispensary, Cultivation and Production. The Herbs and Produce Products segment offers hydroponic herbs, produce, and floral products. The Cannabis Dispensary, Cultivation and Production segment operates medical marijuana retail and adult use dispensaries under the name Blum, which provides a selection of medical and adult use cannabis products, such as flowers, concentrates, and edibles; and produces and sells a line of medical and adult use cannabis flowers, as well as a line of medical and adult use cannabis-extracted products comprising concentrates, cartridges, vape pens, and wax products in California and Nevada. Terra Tech Corp. was founded in 2010 and is headquartered in Irvine, California. $122M Cap, down 52% YTD, $38.5M rev. 7-1YOY, rev gr. 38%, 127K shares bought by insiders last 2 yr. (strong), Inst. MF hold 0%, while wealth manag. <1%, so mostly private investors, so high upside if legallized, earnings range -0.30 (3/8) to 0 (1/8), so still not profitable pop needed (11/7/18 next announcement). 8.7.18 was -0.17. The rapidly rising demand for Cannabidiol (CBD) and Hemp based products is showing no signs of slowing down as expectations to push both markets into new territories with exploding sales value in the next coming years. The global industrial hemp market size is expected to reach USD $10.6 billion by 2025, according to a new report by Grand View Research, Inc. and the market is anticipated to expand at a CAGR of 14.0%. The North American CBD market is primed for expansive growth across its three primary sectors, hemp-derived CBD, marijuana-derived CBD and pharmaceutical CBD. With recent developments and advancements in the hemp industry, farmers across the country are turning their attention to commercialization looking for the road to profitability. Increasing R&D activities to develop perfect agronomy and new genetics of crops to obtain high yield and improved product quality are expected to have a positive impact on CBD - Hemp production. Active Companies from around the market with current developments this week include: Marijuana Company of America (MCOA), Inc., GrowLife (PHOT), Inc. MPX Bioceutical Corporation (CSE:MPX) (OTC:MPXEF), Kush Bottles, Inc.(KSHB), Terra Tech Corp (TRTC)
TLong
by Pokethebear
CANNTRUST HOLDINGS - TEIR 1 STOCKCNTTF CRON CGC TLRY APHQF * CannTrust Holdings breaking out on harvest time sales about to commence....profitability as a Top Tier Cannabis stock, usually the least favored of this group I might add. * Buy low, sell high, don't loose your money. * chance to get more or first half share at $9 382 retracement after buying market order, can always buy more on the dip. * Oct. 17th coming folks * longbuylongsell by @MarxBabu Note: CCI shows excellent agreement to blue entry timing here with day chart, so MACD left out. Disclaimer: Sorry volume with left handed index of volume # makes chart so busy and would love to have a reducting to 1/2 or better 1/3 the size. About: CannTrust Holdings Inc is a Canada-based company, which produces pharmaceutical-grade medical cannabis for patients. The Company is a federally regulated licensed producer of medical cannabis products. The Company operates a hydroponic facility and an onsite laboratory for testing and research on the medical use of cannabis. The Company's exclusive pharmaceutical partner is Apotex. CannTrust Holdings Inc's products are divided into the following: Products Type, such as oil, dried cannabis, accessories and patient ready; Strain Type, such as hybrid, sativa dominant and indica dominant, as well as Strength, such as strong, mild and moderate. The Company's products are sold online through its Website.
CLong
by Pokethebear
NCI Constructively forming handle base at 15.75 after 6-7w cupNCS NCI is a near $2B business, which just merged with Ply Gem Corp. also $2B business forming larger construction and engineered products business * Forming handle in likely break from Fibretrace 0.786 at $15.75 to $17.00 indicating break-out * Drop to 14.10 not likely as relative strength and sales growth in construction and housing products after Hurricane Florence * Fibretracement to 0.612 and 0.5 is 8 and 13% gain, however construction stocks grow on calender until Jan-Feb. * Cup & handle formed once return to retrace 0.612 of $17.00 handle will be formed and NCS will jump to 18.75, 19.80 (+25%), 21.55 or 23 range nearing 52w high (23.35) based on typical resistance zones. * Hurricane Florence will inpact Q3-4 sales. August earnings were 0.07 suprise at 0.54 from 0.47 expectations. * No dividend and slight selling with insiders. Looking for 20% target here with handle form, and 25% entry now. HD LOW
NLong
by Pokethebear
2