Fibonnaci Levels ForecastWhats up? Welcome to this consistent update analysis on Bitcoin 0.73% based on our beautiful Fibonacci Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC 0.73% appear to retract to 0.5 fib consistently.
It is also unwise to decide a Top or Bottom when the Volume is below Volume Average as some of you may call for reversal because of Bullish Divergence RSI MACD and trend line break out on the 1hr chart at Feb 23th, 10:00 GMT+7 (It's gone, don't bother to check it)
This information is not a recommendation to buy or sell.
**update, I got rid of MACD, RSI and else to clear up the chart (requested)
TOP
Bullish spinning top doji signal ling a trend reversal?We ended the last 4 hour candle with a green bullish spinning top doji, which is typically indicative of a bullish reversal...so far the follow up candle has been acting bullish..it will need a little volume swell to really validate the spinning top but being that it occurred after a long downtrend close to where we are already anticipating the bottom of the inverted head and shoulders 2nd shoulder, has drifted far enough from the tline that its due to start drifting towards it, and is currently being followed up by a green candle and increased bull momentum, I think its most probable that we will see some temporary upside on at least this next candle. currently the 50 and 200 EMA have yet to cross so that is a good thing...there's a chance they may not even touch but they are currently as close as you can get without touching.
Eur Usd possible Double Top at TL1) Price touched the big falling trendline
2)Price formed a Double Top right at this Trendline
3)RSI confiming a Divergence and indicating that price might go short here
I just want to see a break n close through the light blue s/r zone here .
I have enough confirmation by the 3 points above for a short now i just need this last push down breaking the structure to open a short position .
Alternative keep your eyes open for break to the upside above the Double Top this will invalid the short scenatio for now and will open some space to the upside.
Bitcoin: BTCUSD Double Top at 9000 - Caution Required Now Bitcoin Bitfinex Chart Update Double Top at 9000 Witching Hour - Caution
Bitcoin reached a high at 8999 on Bitfinex overnight around mignight gmt - effectively a double top here after a 50% rally. As the futures
chart shows the entire range from 9000 to 9225 is a powerful resistance zone and Bitcoin is clearly struggling to make
headway above here. Additionally it has lost the longer term dynamic support and although buyers have appeared at the
8346 line it's more likely day traders scalping 200 points where they can. It's difficult now to keep a bull hat on from
here ...it will have to break above the parallels guiding the current down-trend from the overnight high and then hold up
at 8586 to change the picture back to near term positive - but even then the bigger rising dynamic now above price will be
likely to hold back rally attempts from here - if we see this and you follow long again to use a stop under 8550 as any
breakout from 8586 line cannot be trusted as others were - because of that overhead dynamic resistance line.
Right now this is day traders' territory - the smaller rsisng dynamic running under price is their likely stop line and if
breaks below it it will fall away to 8346-8300 again and then if this breaks to the lower parallel of the continuation pattern .
All smaller 150 to 200 moves right now. But in near term Bitcoin is trying hard to penetrate the upper parallel of the
continuation pattern - bulls don't want to quit still, but they're beginning to push against a closing door...that bigger
rising dynamic now above it is likely to stop any rally from here...after a 3000 point 50% rally, where we first bought at
6200 and have bought every break out good and bad since, discretion has once more become the better part of valor for
wiser Bitcoin bulls. We had our time. And now it's time to turn cautious again.
Just be very careful if tempted in by this rally now...it can push higher because some still have bull hats on when they
should really be looking for shorts from here - but that dynamic should stop them if they can push it that high. If
you're still wearing your bull hat, tread carefully, is all.
Eur Aud Short after double topIt looks like a classic top pattern for me .
We see price found reistance in form of a double top right at a previous swing high which provides this resistance area.
I look for a short trade after price breaks n close below the double top neckline (support) .
Looking for a target at round about 1.54500 area.
If price cant break below i look for the other direction and a break of the resistance at the top for further bullish momentum.
2 simple "If then" scenarios for this more or less classical top formation.
Top 5 Coins With Strongest Recovery RecentlyOn the 6th of February, the Bitcoin has tested the lowest price since correction from USD 20k resistance started. Price dropped to USD 5.9k and corrected upwards, while during the past few days it reached USD 8K, re-gaining 40% against the USD. Is it a quite strong recovery and perhaps the end of correction?
Nevertheless, some coins corrected up much stronger than the bitcoin and below is the chart presenting the winners.
INTERNET OF PEOPLE (50% Recovery against the Bitcoin)
FUNFAIR (43% Recovery against the Bitcoin)
DECENTRALAND (37% Recovery against the Bitcoin)
POWER LEDGER (34% Recovery against the Bitcoin)
GLOBAL CURRENCY RESERVE (32% Recovery against the Bitcoin)
Gold XAUUSD Head and Shoiulders Top with 1284 downside targetXAUUSD Gold Head and Shoulders Top
Recent price action has created a head and shoulders top
formation with a minimum downside target at 1284. Lesser
support at 1306 may give rise to a 10 point or so rally before
the downtrend resumes. Whilst below 1328 gold will remain in
a very weak technical position
BTC/USD - So What Are You Thinking??Quick video this morning on BTC. I deleted all my fibs, trendlines, etc that youave seen in other videos and started anew!
I go back and draw a little be on previous price action as a way to get a general idea of where price action may be headed.
Would love to here what you all are thinking, so if you liked the video give me a like and leave a comment on where you think price might find significant support.
SPX / D1 : Good bye Parabolic ! One more fallen unicorn...Many were those who kept telling me searching for the market top was stupid.. cause this was bullish and that if we had to retrace this will be done smoothly and with pre-signals..
Well... Not really... Cause at that point we may eventually find a potential short term support to hold the falling knife... or not.. Because why would you buy this market ?
Giga caps are all overpriced, small caps are tumbling.. There's actually nothing to buy here as we pushed way too far for quite a long time..
The only thing that would worth buying pbly is gold ^^
Well now that we're out of parabolic dreams, we can go back to reality and find decent support pricings to eventually forecast potential calls again. But for now.. everyone will obviously reverse to bearish retracement..
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
AUDUSD H4You look this Cross . We have a double Top with conditions. The condition is that the maximun 2 ... yes did a maximum but close down the maximum number 1. This pattern is mean to go Short. Now we have a support on 0.80410 . If the price broken the support and after touch a new time 0.80410 ( new resistance ) .... And you dont forget the MA 50 that will be broken.You can go Short. Open at 0.80410 with Stop Loss at 0.81122 and Target Price at 0.79590. Can to be ???? We hope. by Ulisse010 from Thailand with love
Gold: XAUUSD Look for potential top this weekGold and the Dollar XAUUSD and DXY
The dollar's decline is close to finishing. Likely to be one two spots outlined below - so this is likely also to be a big week
for gold, oil, and across US pairs too. Look for buy set-ups on dollar pairs and sell set-ups on gold, silver, copper and oil...
As DXY tries to climb and hold above a little dynamic that underpins price from the lows,so gold is held back by a similar
dynamic resistance line from the highs on the chart to left.
DXY is close to changing back to positive, either from here, at 88.44 or from 87.70 at lowest. This is likely to happen this
week. It means that gold also is likely to reverse from current levels, or from one last burst higher from here at best. If it's
to reverse here DXY will have to break and hold above 89.53 - in so doing it will have broken key fixed resistance and the
upper parallel which has controlled the current down-wave from inception and so will flip the dollar back to positive and
gold back to negative again. This should be reflected by gold falling below 1341, giving the first confirmation that the trend
has changed back to negative in the near term and triggering a fall back to 1306 in all likelihood.
However, if 88.44 fails to hold during the course of this week it will tip the dollar into what should be one final selling
climax which should culminate at around 87.70 at the extreme before DXY finds support and begins to rally again.
This will carry gold to 1375 and at an extreme to a 1389 high.Look to close out remaining gold longs here, and some will
consider shorting if we see this price action develop later this week - rejection spikes appearing on the 1, 2 and 4 hour
charts will tend to confirm that gold is changing trend (the longer the better if looking to short here) and a break below
1341 will further confirm, triggering a short back to 1306
XAUUSD and DXY - Gold top likely this weekGold Dollar XAUUSD and DXY
The dollar's decline is close to finishing. Likely to be one two
spots outlined below - so this is likely also to be a big week
for gold, oil, and across US pairs too. Look for buy set-ups on
dollar pairs and sell set-ups on gold, silver, copper and oil...
As DXY tries to climb and hold above a little dynamic that
underpins price from the lows,so gold is held back by a similar
dynamic resistance line from the highs on the chart to left.
DXY is close to changing back to positive, either from here, at
88.44 or from 87.70 at lowest. This is likely to happen this
week. It means that gold also is likely to reverse from current
levels, or from one last burst higher from here at best. If it's
to reverse here DXY will have to break and hold above 89.53 -
in so doing it will have broken key fixed resistance and the
upper parallel which has controlled the current down-wave
from inception and so will flip the dollar back to positive and
gold back to negative again. This should be reflected by gold
falling below 1341, giving the first confirmation that the trend
has changed back to negative in the near term and triggering
a fall back to 1306 in all likelihood.
However, if 88.44 fails to hold during the course of this week
it will tip the dollar into what should be one final selling
climax which should culminate at around 87.70 at the
extreme before DXY finds support and begins to rally again.
This will carry gold to 1375 and at an extreme to a 1389 high.
Look to close out remaining gold longs here, and some will
consider shorting if we see this price action develop later this
week.
Top 3 Most Consistent CoinsDuring the past couple of month, the crypto market has been going through two major phases.
The first phase, that took place during December 2017, was a strong uptrend amongst most coins, substantial growth, and almost a non-stop rise.
The second phase, that took place During January 2017, was a consolidation phase, where most coins have been correcting down strongly or consolidating.
But there are coins with a better performance, that have shown great stability and consistency during both phases. While most coins were suffering they proved to be the most stable in comparison to the rest cryptocurrencies.
And the winners are:
0X
EOS
NEO
Ripple Possible TopIf we follow the alt coin cycle from last may where XRP topped which was followed by a large sell off in the crypto market then a rally for Ethereum based coins, Xrp in this case has topped. So now we are in the phase where xrp recovers to around 75% of its value from the high to around $2.4-$2.6 area. In the mean the mean time Ethereum should make new highs and go to around $2.5k where all alt coins will top. I believe that BTC has already topped for this cycle and I stay with this bias as long as it doesnt break 17k again. Good luck trading guys this is just my current outlook for the market.
Top 5 Coins With Best Performance During ConsolidationIt was a great rally across many cryptocurrencies during the past months. There was a huge growth by some coins, gaining x10, x20, x30 or more, where most cryptocurrency traders were profiting disregarding the coin of their choice.
However, there are always times of consolidation or a correction. And this time is now. The cryptomarket is not stagnating, which means that the coin either consolidating or correcting downwards.
But it does not happen to all coins because some will be always better than others and in the idea you can see the top 5 coins that had produced the biggest gains during January consolidation period.
NavCoin To Form Double Top?NavCoin is clearly trending upwards while printing higher lows and higher highs. NAV/BTC gained 300% over Bitcoin in just under a week, rising from 8.6k up to 33.8k satoshi. The corrective wave down followed, and the price dropped to the 22.7k satoshi.
This is the key support for NavCoin as multiple supports were rejected. First is the previous low established just before the last wave up. Second is the downtrend trendline and third is the 3/1 Gann Fan trendline. The support is strong and should result in at least one wave up towards the previous high at 33.8k satoshi. On the downside, only a daily break and close below 22.7k level could result in further correction down.