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Retracement

BTCUSD: More lows, retrace not over if healthy.Since end 10-2021 btcusd had a straight surge by almost 50% within a bullish mid term trend channel. Retracements were only minor, if any. But trading volume got lower on the way, bulls lost some power. For a healthy further upside, price should retest the last important levels to confirm the upside trend. It already went as low as 54.5k. BTC already tested the .786 fib level of the range it traded in for the last 7 days, which is placed together with the .768 retracement level of the last major correction from Apr-Jul 2021. A retest of the .236 fib level (at least) of the current mid term upward trend should be on the roadmap, too. Hence, prepare to get as low as 53.6k in the next hours and days. If supports hold, next price level to look for is around 64.4k. _____ Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes. Never put your heart and your money in the same place. You could end up with your balance getting f***** while you're doing the hard work.
KRAKEN:BTCUSD
by My2CentsOnBTC
Wait for a buying opportunity with AUDCADH4 time frame. Structure: Downtrend. After the price down to the support level of 0.91000, a double bottom pattern and divergence signal appeared. Wait for the price increase to break the Key level at 0.92000 and have a confirmation move, then you can find buying opportunities. The profit target is the 0.92700 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
EURUSD Retracement Beginning On the 4H its clear for all that the price made rejection from the 150% Fibonacci extension after making new lower lows and now we all see the price preparing for a new highs before the continuation of the Bearish movement on the DAILY chart we expect that the prices will start the strong bullish momentum after testing the levels of 1.15400 and the prices will start the upward movement and making new higher highs at the 4H chart , however we can position our orders at the numbers we mentioned before and our fixed stop loss will be below the lowest low plus the average true range of the 4H chart which will be equal to 1.15000 with 40PIPS RISK and regarding our targets our first potential target will be at the first resistance at 1.16748 with more than 120PIPS Profit and from there we will check the Price action for the second target at 1.17000 USE MONEY MANAGEMENT TRADE SAFE
Long
by AbdallaAmgad
1
fibonacci retracement reach 50% and touch 38% a bullish sign nowFibonacci retracement reach 50% and touch the 38% put stop loss below .236% 52502.66 take profit at 1.618 59581.54 if you make money from this TA feel free to support, follow, share and like. DYOR not a financial advise. i am not a financial adviser. LET US MAKE SOME MONEY! weekly timeframe bullish. yesterday was a retracement now bulls are back. all the best! cheers! leave your thoughts below what you think about it. I long 20x
Long
by pogi1234
Time For A Pull Back?Hi all, We had a great breakout above the down trend and the neck line together, showing major sign of strength, however got rejected from the dangerous neck line. It's good that it was surpassed and now it's weakened. Downside target of a retracement and a retest of the down trend line happens to intersect with Fibonacci 0.382 at 49.600. If that is lost, we have 47.660 also coincides with Point of control and 45k as the last retracement levels. If 45k is lost, then it's game over :) Upside target, 60k waits as a weekly and physiological target. We should wait until support or resistance levels of the current sideways trading range is broken and verify the direction with a swing failure. Note that there are many bull and bear traps now, so don't FOMO into anything, set your alerts and wait for confirmation before taking action. But hey, what do i know :) Trade safe!
by BitcoinMillio18
3
Sell zone on GOLD after NFPWe've been waiting for this push on GOLD for a whole week now A push that takes price up into our sell zone 1777-1790. As soon as we get an entry signal we will enter short with stops above 1810 and targets below 1725! Those signals could be on the H1 timeframe as well! Market closing below 1756 will only confirm our idea, therefore we can add to our positions around this level. We will look at this in our analysis next week. Support us with a like and a comment!
FX_IDC:XAUUSDShort
by ForexTrendline
46
Wait for retracement and buy signal with AUDUSDH4 time frame. Structure: The downtrend has been broken. Key level at 0.73200 was broken. Wait for the price retracement to confirm the uptrend on the 4-hour timeframe and then look for a buying opportunity with AUDUSD. The confluence between the 50-61 Fibonacci level and the 0.72400 and 0.72200 support levels is a potential price correction zone. The profit target is 0.74800 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
BTC: prepare yourself for significant pullback. September's hereThe live Bitcoin price today is $47.484,57 USD, -0,10% in the last 24h, with a 24-hour trading volume of $33.399.961.250 USD. Since the 20% correction of 7th September, BTC price found its support at 42.7k level and it is now already up 10%. After multiple times testing the support represented by the lower band of the Keltner channel, on 13th September price broke to the upside and it’s now approaching the upper level of the channel, our short entry price. Historically in fact, whenever the price hit these levels, it immediately started a reversal pattern, therefore, being now the price close to the upper band I expect a pullback to test lower support levels. Indicators are also pointing out to a possible correction in the next few days: RSI is almost overbought (65), volumes are decreasing and MACD looks ready to cross below the trendline . I expect the price to increase up to 48k-50k, for later undergoing an even more significant correction compared to the latter. September in fact has always been a particular bearish month for crypto markets, with corrections up to 35%. This is why I expect to price to retrace at least up to 0,5 level of Fibonacci retracement tool. Never the less, RSI divergence is 19 and prices are still above all moving averages, therefore as the trend still looks bullish with price above 200EMA scalpers/ swing traders can still consider taking a long position up to when the bearish fractal appea rs. For short term/futures traders in fact it can be profitable to open a long position before undergoing short, targeting lower support levels. More risk adverse traders could instead consider going short when the confirmations appear, so wait for the bearish fractal (green triangle) as well as for the confirmation of increasing volumes. A bearish fractal occurs when there is a high point with two lower high bars/candles on each side of it. The indicator isolates potential turning points on a price chart. A bearish fractal signals the price could move lower. POSITION: short ENTRY PRICE: >47.8 k TARGETS: 45.7k / 43.7k / 42k / 41k / 38.7k STOPLOSS: 49.7k (¬ 3%) It can happen that after retracing from the upper level of the Keltner channel, the price finds support on the moving average, our first target (middle blue line). If this is the case I would personally consider taking profits and going long after the confirmations (bullish fractal and RSI). _____________________________________ NOT FINACIAL ADVICE
Short
by Lari_Pen
NQ Power Range Report with FIB Ext - 10/5/2021 SessionContract - CME_MINI:NQZ2021 - PR High: 14510.00 - PR Low: 14478.50 Evening Stats - Gap: = N/A - Session Open ATR: 236.66 - Volume: 41k - Open Int: 229k - Trend Grade: Neutral - From ATH: -7.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 15247 - Mid: 14676 - Short: 14103 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2021
by mv3trader5
ADAUSD Chance for Double BottomImportant things to note: BTC retracting has started. I do not see BTC going past 46k. ADA chance for double bottom on 1D Double Bottom would produce a target of 2.62. This would smash the resistance level. Pattern would also create a cup for further targets. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. The BTC FOMO buying finally subsided and now we get to see the retracement we were looking for. I do not see BTC going past 46K and I would like to see it stay above the 50MA on the 1D chart. ADA's retracement depends on BTC at the moment. Right now we have many options but the one I would like to see the most is the double bottom pattern on the 1D chart. Typically, you will see patterns be created on the lower time intervals and repeated on the higher time intervals. We have already seen a double bottom on the 1h, 4hr, and now I would like to see it on the 1D. This is the same for any pattern really. I want to see this pattern complete for a few reasons. First, it would signal a long term reversal (we already saw that coming however). Next, it would produce a target at a level higher than the resistance we need to get past at the moment. Third, it would create a cup which gives us potential for a cup and handle. I have already seen a cup form on the 4hr so I would not be surprised if we see one on the 1D as well. Anyways, I just noticed it and I wanted you all to be aware. This is what I am looking for. If I do not get it, I hope someone creates a meme out of this called "the pattern you want vs the one you get" LOL. I will continue to keep and eye on ADA and update you all accordingly. Thanks again! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
20
GBPUSD - Trend Continuation Or Bullish Movements?Hi Traders! The market is, on this Timeframe, in a Downtrend. In our view, there are two possible scenarios of how the market could move: It reaches the Weekly Resistance, then it turns back down --> Down It reaches the Weekly Resistance, retraces and shoots further up --> Up However, we have these technical factors which could affect the price: Weekly descending Wedge Weekly Resistance @ 1.37 Daily Resistance Area Potential 4-hourly Trendline Potential developing Divergence If you have anything to add or a different point of view, feel free to comment! Thanks and successful Trading :-)!
by swissmoneymakers
EURUSD short retracement? 04.10.2021It is Monday early trading, but this might be a good opportunity according to the H4 chart for the short-term/daily move. The long term seems quite different though but a short-term retracement is more likely to happen. Note: The market was falling recently due to dollar strengthening. The only problem today is that it is Monday and volatility is not so high, causing less probability for generating trends. Will stick however to the long for now with caution until the fibo 61.8 % of the move as indicated by the level.
Long
by UnknownUnicorn5944879
1