Hello traders, On gold we can see that price is slowly making a pullback, so that could be a nice point to enter short for me. I'm looking to enter at the 61.8% Fibonacci retracement. Cheers
A retracement is coming. That's beyond question. Just when and where? Currently we are far out of the Bollinger Band in the week chart. Besides, it's in the third wave. Bollinger works very well with Bitcoin besides Fibo. So just think about how far the whole thing could go. I look with interest. Especially because many people - in my opinion - don't know enough...
The run to 3k and 5k both had a 61.8% FIB retracement.
According to this analysis wave 5 is extended. In this case usually its 1.61 extension of wave 3 (near 8000). This is the level to watch for a retracement. We can see also EMA 144 is holding price nicely, it can be useful to join the uptrend. A series of previous 1-2s tell us the price will continue on uptrend long time. Best regards.
In uptrend after breakout from resitance. Momentum slowing, looking for stochastic to turn down before going short. Pullback to rising trendline, which is also a 50% retracement. Commitment of traders (see COT indicator) accumulation of short positions matches previous cycles prior to a similar price decline. Lets see how this looks in a few months.
We can observe a head&shoulders pattern forming on DAILY BTCUSD chart. It is not finished yet, but if it finishes, it will announce a short term retracement. Also, a bullish hidden divergence indicates that the uptrend will continue. NOTE : i only have some months of experience in trading, take my analysis with caution. Regards
Hey traders, On the EURUSD I'm looking to enter long after reachign the 61.8% Fibonacci retracement. May not drop this far, but otherwise I couldn't get the stop loss below that swing. Cheers
AEON is bouncing off the .764 and .854 fib lines. It seems to me like it will go back to its original trendline. A good shorting opportunity once it passes the trendline and it looks for a full 100% retracement.
Pair already had it's 50% retracement. I entered at .8000. My TP is the 0% fib level @ .8034
TRIGBTC. If you missed this trade we can enter on its retracement. Buy Area: 0.000255 - 0.000297 Target Price: 0.000400
NASDAQ:CTSO topped out today and is headed for a retracement. I think it's most likely to go to the 2nd labeled fib level (the middle red line).
The chart shows a perfect example of a healthy fibonacci retracement. Price dipped below the 1H 100 EMA and started to recover. 980 remains solid support. To those looking for long positions: this might just be the moment you were waiting for.
I am trying to catch the trend again after I had closed my successfull position to early recently. A tight stop is neccesairy to prevet to suffer from a real, i.e. Fibonaci retracement.
Looking at the 4H and D charts we can see this pair is in a Bullish Trend. With this in mind, i'm looking for a potential entry to the upside. Here we have a prior consolidation zone acting as possible Support. We also have some Fib Confluence at this level with the .786 and .886 retracement. As well as the 1.272 and 1.414 extensions.
Just saw this potential entry point at 50% retracement.
Climatic buying into top at 9 may result in a run out of steam as commitment burns out and the price does not offer much more value resulting in a gradual pull back (time, news and economics dependent) which may offer a good entry at the 50% retracement. Should it move deeper a more significant level at 3 which was previously strong resistance would work as a good...
Possible set up in EUR/CAD for reversal. It has been bouncing off this trend line, The 161.8 extension lines up close to the trend line. Take profits early. I will not enter this trade until it hits the 61.6 retracement. We shall see what happens
XBI at Fib retracement. Hedgies still pushing it to fake it... AMEX:XBI