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Fibonnacci

HIVE Next Steps 2023 Q3 & BeyondAm expecting HIVE to continue consolidating within a reversal Head & Shoulders pattern. Applying the trendlines to the fib line retracement and extension mappings, building out the various channels and then overlaying the relevant pattern(s), it appears the bottom of the right shoulder is approx. $2.80 and the future target is approx. $28. DYOR NFA ... if $2.80 breaks, may result in a double-bottom around the $0.30 range. Enjoy every sandwich :)
NASDAQ:HIVELong
by kerdirks
4
Bitcoin - How to trade BOLLINGER BANDSHi Traders, Investors and Speculators📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. When it comes to Technical Indicators, speculators have many options to choose from. Do you prefer to keep it simple? If your answer is YES, the Bollinger Bands are for you. First, a little about the genius behind it, John Bollinger. Bollinger Bands were created by John Bollinger in the 1980s. He is still very much alive and well, and very active on Twitter. He constantly engages the community through seminars and interviews. As you can see, I'm a huge fan of his work! This revolutionary technical indicator offers insights into price potential and possible volatility. Let's get technical : The higher the price action trades at the top/ upper part of the BBands, the more volatility and volume you can expect. The same is also true for the opposite - the lower the price trades on the bottom of the BBands, the more volatility and volume you can expect. It is also true that when the price trades at the top for an extended period of time, the market can be considered overbought; thus it is a good time to consider selling. The same is true for the opposite. When the price trades on the bottom of the Bollinger Bands for an extended period of time, the market is considered oversold and it is a good time to consider opening a position / buying. Important to note that the Bollinger Bands are especially useful and reliable in higher timeframes. To make overbought conditions and oversold more clear, let's take a look at a few examples on SOLUSDT: From the Solana chart above, we see clearly that when the price action touches an orange band, it is often time to exit / enter. You can wait as the price continues upwards, but the longer you wait, the more your risk increases. Careful not to be greedy, take profits during a bullish cycle. To make volume in conjunction with BBands more clear, let's take a look here on ETHUSDT: You'll notice that usually on higher timeframes, the turquoise upper / lower band, is where you start paying attention. This is where firsts profits can safely be taken, with the possibility of the price still wicking towards the orange or red. To get a little more technical, let's take a look at accumulation options with the Bollinger Bands. When the BBands contract, it is usually before a big move up or down. Now you'll need to view the chart from a macro perspective/ Fibonacci trend based retracement and trend based extension on a weekly chart to get an idea in which direction it may go. This proves another point that often, technical indicators are only useful if used correctly with chart analysis. Let's take a look at a few examples on XRPUSDT : These are not the Bollinger Bands as they were created y John Bollinger, instead, they have Fibonacci lines added. I prefer to use them this way, it's an improvement on top of the original BBAnds. They become especially useful if you use it with another indicator called Phoenix Ascending. Find below at related ideas a quick guide on Phoenix Ascending. Have a great weekend 🚀 __________________________ 👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉 Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
43
BITCOIN ANALYSIS: SLOW BOMB!Hello traders! After a month of upward accumulation with some struggles, Bitcoin price has increased strongly in the past 3 days, from April 2022 until now Bitcoin has just returned to the 42k price range. Such market excitement seems to be due to defiance combined with plans to push goods by the big players in the market to get rid of goods before re-dealing new cards before the halving occurs. There are a few reasons as follows: - The price has increased continuously from the price range of 27k to now 42k, an increase of nearly 57% without any significant adjustment. - The internal factors have not been shown much yet. When the FED is not really dovish, there will be no cheap money flow to pump too strongly into the market. We can see through the volume of the recent increase. That cannot be considered strong cash flow. - The main news that affects the sudden increase in price is that the Bitcoin ETF has been approved, but until now it is still just a rumor and not a single application has been approved, at least until January 2024, the situation is There will be no sudden changes to this event. Possible upcoming events: - The most potential price that can increase is the 0.62 fibo area, around 48.5k. - Within the next 2 weeks, the price could reach the 48.5k, even 50k area, which the big guys will surprise us with when a number of people don't think the price will reach that mark. This will cause all players who want to short to catch the peak to be destroyed. - On the other hand, the remaining crowd begins to pay attention and FOMO following the rise of bitcoin price will be tragically destroyed when bitcoin price hits the 48.5k-50k area. When red, just a relatively large selling volume occurring in a short period of time will trigger sell and short orders simultaneously. Start the process of deep price adjustment before the Halving. - Although I personally know it sounds like a conspiracy theory, I don't think it's that simple after Binance was fined and CZ resigned. This is most likely a bomb waiting to be detonated within the next two weeks, heavy enough to cause a simultaneous sell-off. - My personal plan is still to wait for a short sale in the 48.5k-50k area.
Short
by dvdtraderhihi
2
Fibonacci Retracement/Extensions- How & Why? | Live ExampleFibonacci retracements in technical analysis of various assets use a mathematical sequence discovered by Italian mathematician Leonardo Fibonacci. This sequence is a series of numbers where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. In stock trading, Fibonacci retracements are used to identify potential levels of support or resistance during price corrections. Imagine you have a stock that has been rising in price for some time. Suddenly, it starts to decline. Traders who use Fibonacci retracements believe that during this downward movement, the stock price will likely retrace or bounce back to certain levels before continuing its downward trend. These retracement levels are derived from the Fibonacci sequence. The most commonly used levels are 38.2%, 50%, and 61.8%. For example, if a stock's price drops from 100 to 80, traders would expect it to bounce back to around 88.20 (38.2% retracement), 90 (50% retracement), or 93.20 (61.8% retracement) before continuing its decline. While their effectiveness is debated just like any other tool, many traders including myself believe that these levels act as psychological support or resistance points due to the large number of market participants who follow this approach. Let us get back on the example above. I drew a trendline which had helped me back in 2021 to predict the top in GOLD. This is the perfect example of how EVERY PRICE movement matters. The Fibonacci levels are derived from levels from 2008. In this example the Fibonacci extension level 3.618 held as a perfect resistance for the price of GOLD. 2008 to 2023, isn't this amazing? How long can a single price movement can have its affect! How to draw a Fibonacci Retracement/Extension? It's fairly simple. Just plot one end of the fib to the high of the price movement and the other to the low or vice versa. I'll answering all your queries in the comments below. Please feel free to reach out!
TVC:GOLDEducation
by YieldYogi
2
$SOL Next stop is $60.50 CRYPTOCAP:SOL moving toward approximately $60.50. The precision of its recent respect for the 0.786 Fibonacci retrace level is phenomenal. See the touch down at three points marked with the yellow trend line. It literally closed on the daily candle a mere $0.20 from the level two nights ago. Also see the trend intact as this recent price action aims for $60.50. Almost as good as a crystal ball! 🔮 Its recent correction has reset the RSI. See the "bull" green marker on the RSI indicator below the chart. 🟩 CRYPTOCAP:SOL will be a winner. Excuse me, CRYPTOCAP:SOL is a winner. 🥇 Do your own research. My chart is for entertainment only. Never financial advice. I am not a professional in any regard. Well, maybe I'm a professional dharma bum. 🪷 Peace.
Long
by goldlot70
SHIB Pennant IncomingOn the journey to a complete W pattern at the $0.000015 price tag there will be a few, if not more, periods of consolidation. After a hot run up to the 0.00000970 range, Shiba Inu is beginning to consolidate into what may be a week long, or slightly longer, pennant formation. Buying opportunities may present themselves around the Fib Retracement Levels with a potential bottom near the 38.2% level. A breakout from the projected pennant could take Shib's value to the 1W (1 week) 38.2% Fib Retracement Level with the 1W 50% level being the next stop if this ceiling is blown through with significant volume. However, more consolidation should be expected in my opinion. As always, a breakdown is also possible which could hemorrhage Shib's value to prior lows. At the time of this article I am still confident on a pending completion of the W pattern (see my other idea linked at the bottom) but macroeconomic factors can accelerate or derail this formation. Stop-losses should be utilized and traders should be cognizant of any significant changes in the climate of the market. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor
Eur/UsdHello traders! Yesterday, the couple made a buy move because the US inflation came out less than it was thought to come out. The pivot (1.08860). If the price manages to break the level (1.08860), then we will have a buy movement at the levels (1.09310); (1.10000) ; (1.11040). My opinion is that the pair will keep the bullish movement. Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Long
by THP-Forex-Academy
HYPER INTERGRATION ANALYSIC AUDUSDTechnical analysis integrated with the forex pair: - Resistance and support levels are marked by the yellow-shaded areas on the chart. - Market structure: Marked by higher highs and lower lows. The zigzag line, dashed, indicates a robust upward structure. - The market structure is in an upward trend, and the Demand Zone is marked in green. It is a favorable price zone for the BUY side. Support levels can be placed below the nearest swing low. - Price action & reversal: The price is approaching the trendline. The price has broken above the trendline and is currently testing at the marked position. We observe a reaction at this trendline. - Indicators: A general observation indicates a decreasing price divergence and an increasing hidden divergence marked on the chart. - Fibonacci & other analysis techniques,
Long
by KC_Trader77
4
MOVRUSDT"As we enter the bullish season, the initial target to aim for is target : 90 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
by MKO_Trading
5
WAVESUSDT"As we enter the bullish season, the initial target to aim for is target : 30 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
W
by MKO_Trading
FILUSDT"As we enter the bullish season, the initial target to aim for is target : 68 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
COINBASE:FILUSD
by MKO_Trading
AVAXUSDT"As we enter the bullish season, the initial target to aim for is target : 100 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
by MKO_Trading
Surfing the Waves of Shiba Inu's ConsolidationShiba Inu is currently undergoing a consolidation pattern that is approaching a descent to the 50% retracement line with an approximate $0.00000745 price target. This greets the support line of what may be a several week long symmetrical pennant and an opportunity for a short-term trade that garners notable profits. Significant buy back at this level will most likely cause the asset to retrace back to the 78.6% Fibonacci level ($0.00000790). Significant resistance at this level will most likely result in a support touch at 61.8% ($0.00000763) before returning to a resistance range around $0.00000780. This completes the M pattern and places us several days from a potential breakout or breakdown around the second week of November. With a total increase in value of +24.65% during this uptrend, a high volume breakout can take Shiba Inu's price to 0.00000927 while a high volume breakdown can diminish its value to 0.00000599. COINBASE:SHIBUSD
COINBASE:SHIBUSD
by Shepherd_Investor
BTC/USD: Bull Market Confirmed! Here's What's NextAfter careful analysis, it's clear we've entered a bull market for BTC. The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways: The trend from 23rd November 2022 presents as a robust bullish impulse. All impulse waves and corrections looks nice and well-balanced. The waves within this trend are well-proportioned and align with various Fibonacci levels. It's almost too good to be true! We're currently riding wave 5 of the initial bullish impulse. Expect bullish momentum to persist until the end of November. Following that, prepare for a retracement back to the ~$25000 region before we launch into a massive bull run for 2024!
BITSTAMP:BTCUSDLong
by tim13l
OrderID BTCTHB-RR1.3-230510 Trading System = Discretionary using FIB and Pitchfork Side = Short/Sell Position = Closed Volume = All Order type = Exit TP = Fib Proj. 0.618, 1, 1.618 Problem & Anomaly = After the volatility peak at the previous highest high. Price has been climbing with exhaustion. Trader Emotion = Neutral Mistake & Error = Non Remark = Using a red downward slope median line to add short positions if the price has reached the 0.618 percent Fibonacci level. Ideas = This is a classic play shorting at the lower high to expect a lower low. Let's see how the price folds out.
Short
by ProDukeSadudee
BTCUSD: Road to 50k?The BTCUSD price has just completed wave 2 and is on course for a fine wave 3 (broken down into 5 orange sub-waves here), supported by a bullish divergence and the break above the weekly Ichimoku cloud. Wave i could continue its ascent before hitting resistance at 32k. Wave ii would then retrace 50% of wave i to bounce off the 2021 double-top support. Wave iii (= 161.8% of wave i) would end at the 40k resistance, before bouncing back to this ascending trendline in blue as a wave iv, retracing 38.2% of wave iii. Finally, wave v is still the most complicated to anticipate, but the 123.6% retracement of wave iv seems to be in line with the assumption that wave 3 will extend wave 1 by a ratio of 1.618:1. Fundamentally, the current tense macroeconomic environment remains a danger for the BTC price. Not to mention the dollar rate, which could continue to rise in the event of a further rate hike at the next Fed meetings, particularly those on December 13th and January 31st. To be continued... Don't hesitate to comment. I'm open to new ideas, especially as the fractal plan always offers many different scenarios.
INDEX:BTCUSDLong
by Whytek