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Retracement

Buyers Retrace; bitcoin formed a new supportAfter the Feds increase interest rates and unemployment still rising even 200,000 jobs had added and still under 17K. It is bad news but had you notice the new support formed about 16.8K zone? It is about the mega whales lures .. it’s a lot of info go and find out. What I see now the buyers demand zone under 17K bitcoin should mid term retrace.. in order to drop more. 18K ,20K and lastly we might see 28K as the top. Becareful it’s volatile and the unexpected drop reversal will come anytime , trade safe. If 16K is the bottom then we are bullrun to start but I don’t think so but I still see 12-10500K zone is the bottom. Let me know your analysis and opinion down the comments, bitcoin can not drop more until the buys retrace.
BITSTAMP:BTCUSD
by JoyBoyVegae
1
EURUSD: Temporary Pause Before Headed Higher Again EURUSD has been in a nice and strong recovery from 0.9730 from where we can count five waves up, up into wave 3 from where we have seen a nice reversal south as expected. We see this as a contrat-ternd reaction on the 4h chart. It's wave 4 that is now already in a subwave c so there can be some support coming in, in the next few sessions. The first one is at 1.0440, while the deeper supports are at 1.0293. We will expect a bounce up into fifth wave this month. GH
by ew-forecast
UJ needs to Revisit highs before more dropsWe are in a buy zone and this drop is obvious that need to short recovery buys and revisit recent highs. From 129.560 area we should expect the short or mid buy term revisit and near supply zone. Bear market isn’t over but this is a retrace. When to Sell ? Sell about around 140 or 145 area get that top dip sniper becareful and choose wisely …. Never know will spike down quickly shortage without a retrace because the bears has a lot of strength. Trade safe y’all
by JoyBoyVegae
Sell the news ? banksters overbought BTC before CME, what now ? comments under the first chart : BTCUSD As stated on "some grey eminences making too much money" I d just say "some banksters got in BTC, and they overbought, too much. now they will give the option to their customers. www.coindesk.com Banksters are well know to bet against their customers . . . the next few days could bring surprises. My personal chart ( uk.tradingview.com ) , with personal god mode settings, is shouting "WARNING" : I m not telling anyone to short bitcoin, shorting bitcoin is dangerous . . . but . . . perhaps you want to reduce your exposure, have some fiat and serious altcoins ( ZEC is a good bet imo ) ready to rebuy BTC lower ( targets : 16k, 12k , 8500 here )
B
by neofutur
68
A lull before the potential stormThe price has finally hit the bottom, temporary as it may seem it's cause the area where the horizontal green and faded pink is where the price has hit twice before making it a solid area to bounce. However the overall trend is down especially after the symmetrical triangle got pierced and crabbed until the recent fall. Now the triangle is a descending triangle and could have a few bounces before breaking down perhaps. Temporary bounce may be in the works to halfway or if it's a strong move, to the orange line then potential retrace back to local lows. Gl and DYOR this is never financial advice, but rather, a analysis.
COINBASE:BTCUSD
by Siriuszbusiness
GBPJPY BUYHello traders. GBPJPY has performed a quite bullish price action. But the market makers' game is usually trapping the retailers on Mondays and reverse the trend later during week. So, I am sceptical. The pair definitely needs corrections and that is not only an opinion of mine. It is overbought so many big players will close their profits pretty soon. However, it remains bullish in technical analysis and GBP is bouncing from the lows while JPY keeps loosing value. Drawing Fib levels from the Swing Low to Swing High, based of the last 4H impulse move, I consider the below Fib retracement area as a great long opportunity. 163.585 - 166.057 Note: it is at a weekly Supply level but I see the potential to break it and aim for Multiyear highs. good luck
Long
by The_Forex_Path
XAUUSD potential retracement and entrydownbeat US CPI data about inflation led a market rally which bulls are looking for clues to extend. There was a classic textbook double bottom after which the downtrend reversed into said rally. I myself caught a buy from 1712 to 1731 which was nice. I expect a retracement to 0.786 and probably price consolidation for the next day between 1 and 0.786. When the new York session opens on the 12th of November a bullish movement maybe present. Sorry for the lack of detail today, have been busy with uni A more detailed idea will be published shortly, TRADE WITH CAUTION GOOD DAY
FX:XAUUSD
by haadimilli
1
AUDUSD Sell IdeaHere are my thoughts on an AUDUSD sell trade idea. As we can see, market structure is headed down and price is in expansion from the consolidation. I think that it will take out the liquidity and hit supply sometimes around New York session that continue down with higher timeframe structure. If you are familiar with the price cycle, the zone gave us consolidation and expansion and now we wait for the retracement to supply where we will wait for a change of character the another zone on the smaller timeframe to trade from.
Short
by BlackDiamondFX
2
GBPUSD have bottomed?Has GBPUSD bottomed? Price action suggest that it has. Since GBPUSD dropped to $1.036, higher lows pattern have formed WITH contracting pattern (tightening). From that pattern I drew a trendline. Price broke the key moving averages confluenced with the trendline break. Currently price is retracing back to its mean 50/100/200 after testing several times the $1.163 level. Actionable plan : wait for the price to test the key moving averages (keep it simple) and identify a rejection at those level and then Long. *Rejection could be anything. but preferably confluenced with pocket pivot (blue bar or green bar at volume indicator)
Long
by sufiansaid