Sentences with phrase «retracement shows»

Prices could exceed $ 9K, and some Fib - retracement shows a top around $ 9150 for now.

This retracement showed that the anticipated trend change is unlikely to materialise and bullish trades should not be taken.

Not exact matches

Another reason we would first like to see a minor price retracement from current levels before buying is that the long - term monthly chart interval shows us that $ GLD is actually running into resistance of its downtrend line from its September 2011 high:

Trend Channel and Elliott Wave Count https://elliottwave-forecast.com/btcusd/ show another picture: The correction will probably stop first at 12.000 — 10.000 USD (Fib Levels 38.2 or 50 % retracement).

The chart from my earlier article also showed the fibonacci retracement levels from the April 2011 high to the December low.

Applying the Fibonacci retracement tool on the daily swing high and low shows that this potential ceiling lines up... Continue reading Bitcoin Price Technical Analysis for 02/20/2018 — Watch Out for this Ceiling!

At the moment, BTC - USD is testing macro support levels and shows very little, significant upward strength.Should we break support in the $ 3900s, we can expect a test of the macro 38 % Fibonacci Retracement values in the $ 3700s.

So, as shown on the above chart, we can expect bitcoin price to drop down to $ 2,967.8, which coincides with the 23.6 % Fib retracement, if downwards price correction takes over before heading North to even higher price levels.

If bitcoin manages to break the 38 % retracement values somehow, there will be strong support around the $ 3400s as the 50 % macro Fibonacci Retracement values (shown in Figure 1) have historic significance and support.If bitcoin is going to see any significant price growth within this rally, it will have to pick up some major buy volume and break through very strong, historic resistaretracement values somehow, there will be strong support around the $ 3400s as the 50 % macro Fibonacci Retracement values (shown in Figure 1) have historic significance and support.If bitcoin is going to see any significant price growth within this rally, it will have to pick up some major buy volume and break through very strong, historic resistaRetracement values (shown in Figure 1) have historic significance and support.If bitcoin is going to see any significant price growth within this rally, it will have to pick up some major buy volume and break through very strong, historic resistance values.

One important feature of the trend shown above is the 61 % retracement down to the $ 2900s.

The price shot down, the price shot up — where does this leave us now?Figure 1: BTC - USD, 6 - Hour Candles, GDAX, Macro Bull RunSince the beginning of this bull run from $ 1800, we have established very clear, very strong support and resistance levels along the Fibonacci Retracement set shown above.

The retracement down to such a low value shows that sell pressure is very strong in the current market and hints toward bullish exhaustion within the macro trend.

At the time of this article, BTC - USD is sitting just at $ 3900 and is showing signs of further pullback: Figure 1: BTC - USD, 12 - Hour Candles, GDAX, Macro Fibonacci Retracement ValuesThe figure above shows the whole, macro bull run from the $ 1700s.

Measuring for a Fibonacci extension can vary depending on which tool you use, but the easiest way to do it is to use the regular Fibonacci retracement tool and measure backward (against the swing — as shown in the example above).

The example above shows an uptrend with a small retracement in price that occurs before our candlestick signal.

The chart from my earlier article also showed the fibonacci retracement levels from the April 2011 high to the December low.

For instance, the examples above show bullish harmonic cypher patterns in which the AB legs have moved below the 61.8 % Fibonacci retracement levels.

In the next lesson, we'll show you how to use the Fibonacci retracement tool in combination with other forms of support and resistance levels and candlesticks.

The last instance shows a convergence of the central pivot with the 62 percent retracement level, in addition to old lows at the left hand side of the chart:

Experience shows that the 100 percent Fibonacci extension level has higher potential to hold than the 50 percent Fibonacci retracement level.

The first chart shows a long entry at the convergence of the 38 percent Fibonacci retracement and the day by day central pivot:

The chart above shows the 50 % retracement level, which was found by dragging the Fibonacci tool from the engulfing bar's low to the bar's high.

An example would be that while price may be rising on a daily chart, the intra-day chart will show retracements, corrections of various types and consolidation periods

This educational series is accompanied with two video analyses and their purpose is to show how to actually detect the flat and what is even more important they provide advices on how to trade with such pattern that is based on the Fibonacci retracement as well as on the fact that it is based on the two waves that are corrective and that are followed by the impulsive move.

Despite showing this end - of - Secular - Bull - Market period to make my point about market retracements, my technical view with the data currently at hand, as per the market analysis webinar mentioned above, is that the current Secular Bull Market is in it's first 5 years, not last 5 years...

With the diagonal trendline, 200EMA, and 0.618 fibonacci level showing a strong confluence of support at ~ $ 690, I would expect this to be the return to mean zone should price fall much further to the 50 % retracement level at $ 758.

Lastly, and perhaps the most important, drawing a fibonacci retracement from the high and low of the entire trend shows very obvious horizontal support and resistance zones.

Historical data shows that previous bouts of correction bottomed - out near 61.8 % Fibonacci retracement level.

Using the Fibonacci retracement tool on the latest swing low and high shows the potential support levels.

Using Fibonacci retracement (golden ratio) at 61.8 percent shows bitcoin prices could reach $ 9150 in the near future.