Get started

Fibonnacci

BTC (Bitcoin) - 15 Min - CryptoUpdateAs of July 23rd, 2022 @ 11:36AM (MST) #Bitcoin is to complete the smaller #fractal #corrective wave 4 (in red) and #impulse wave 5 (in red), within the bigger corrective wave (c) . Once Bitcoin reaches the green #shortterm #buying #accumulation zone, we would expect a #wychoff schematic of #accumulation to take place #signsofweakness, #lastpointofsupport, #fakeout (or aka #liquiditygrab or #stoprun) before the bigger corrective wave (c) of #waves begins. Link to Previous 1hr chart: https://
COINBASE:BTCUSD
by ElBichotedelosGraficos
Fibonacci Analysis - Part 1 A. Fibonacci Series 01. The Fibonacci series is a sequence of numbers starting from zero arranged so that the value of any number in the series is the sum of the previous two numbers. 02. The Fibonacci sequence is as follows: 0 , 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, … B. Properties Of The Fibonacci Series 03. The series extends to infinity. 04. Divide any number in the series by the previous number; the ratio is always approximately 1.618. For example: 610/377 = 1.618 377/233 = 1.618 233/144 = 1.618 05. The ratio of 1.618 is considered as the Golden Ratio. 06. Further into the ratio properties, one can find remarkable consistency when a number in the Fibonacci series is divided by its immediate succeeding number. For example: 89/144 = 0.618 144/233 = 0.618 377/610 = 0.618 07. Similar consistency can be found when any number in the Fibonacci series is divided by a number two places higher. For example: 13/34 = 0.382 21/55 = 0.382 34/89 = 0.382 08. Also, consistency is when a number in the Fibonacci series is divided by a number 3 places higher. For example: 13/55 = 0.236 21/89 = 0.236 34/144 = 0.236 55/233 = 0.236 C. Fibonacci Retracement 09. Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices. 10. Whenever the stock moves either upwards or downwards sharply, it usually tends to retrace back before its next move. 11. ‘The retracement level forecast’ is a technique that can identify up to which level retracement can happen. 12. Fibonacci retracements are movements in the chart that go against the trend. 13. In finance, Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move before a trend continues in the original direction. 14. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios. 15. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move. 16. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. 17. Unlike moving averages, Fibonacci retracement levels are static prices. They do not change. 18. Because these levels are inflection points, traders expect some type of price action, either a break or a rejection. 19. The 0.618 Fibonacci retracement that is often used by stock analysts approximates to the "golden ratio". D. How should you use the Fibonacci retracement levels? 20. Think of a situation where you wanted to buy a particular stock, but you have not been able to do so because of a sharp run-up in the stock. 21. The most prudent action to take would be to wait for a retracement in the stock in such a situation. 22. Fibonacci retracement levels such as 61.8%, 38.2%, and 23.6% act as a potential level up to which a stock can correct. YASER RAHMATI
Education
by yaser_rahmati
PRZ as AB=CD pattern on EURUSDGood morning traders! Hope you got a happy 4th of July. There was this scenario that I saw yesterday, but I didn't think it would actually happen that EURUSD would fall a lot. I guess everything can happen in the market. There's an AB=CD pattern as 0.382 retracement and 2.24 projection that coincides a little bit with the price lenght and the time leg. It just hit and for AB=CD patterns I won't expect the price to fall further from the theorical entry point, so it could be low the SL but not that tight. TP price would be the green line. Good luck in the markets. Check related ideas so you can see my trading strategies on eurusd. Do you have any other thoughts on EURUSD? Let me know on the comments.
Long
by pinoso
1
Bounce zone 1160s, Target 1340sBased on the previous fib and the trendline support of in the CMF, can expect a bounce here at 1162 (0.5 fib) to complete wave 4 of the developing diagonal (count not labeled but this is likely corrective B of bigger downtrend). If bounces at 1160s I’d expect 1 more leg up to complete 5 of diagonal at 3400s (1.272). Same as 3 extended from 1. After 1340s will likely see a new low unless market squeezes and continues off the diagonal (I.e. unless it becomes a leading diagonal).. I don’t think the bigger corrective count is complete though, and will need to pullback to at least test support at the old resistance formed from the triangle preceding the bounce. That is the trendline under the current price/ bounce zone. Will re-evaluate if it makes it to 1340s
COINBASE:ETHUSDLong
by JabezDolz
3
BITCOIN - 4H⏱Hello to all members of TradingView and my followers. With a good return from the $ 18,000 range, Bitcoin showed that this level of support could prevent further bitcoin losses for at least a few days. The reversal is strong, but to get higher, at least in the 4-hour timeframe, the $ 23,000 resistance needs to be broken, so we can expect Bitcoin to take a short-term uptrend. By breaking the downtrend line and turning this level into support, Bitcoin will likely have another uptrend to the resistance of the $ 22,000 price channel. If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
by MonoCoinSignal
15
Nifty Important levels and trading plan for Tuesday 07.06.22If nifty opens below 16635 and crosses this level with a positive price action, then a bullish trade can be initiated. 16718 and 16793 will act as major resistance. Foe any gap up opening over 150/180 points need to be careful. With any opening below today’s high (below weekly CPR) bearish trade can be initiated, when NIFTY crosses 16524 level, which is the bottom of tomorrow’s CPR with bearish price action, 16441, 16395, 16339 will act as supports in that case. Support levels may slightly vary if nifty opens above 16617 level and then break the bottom of tomorrow’s CPR. Though in 17000 level huge OI is present but considerable OI is also built up in 16700 and 16800 levels in CE side and for PE side highest OI is present at 16300 and in 16500 level also considerable OI is present, and these levels will surely offer support and resistance.
NSE:NIFTY
by rahulbora11
Nifty Important levels for Thursday 02.06.22Nifty continued its retracement today on 1 hour time frame, broke fib .236 but could not sustain. This trend will be continued as long as it remains below 16600 level. A downward trendline is visible, which will surely act as resistance tomorrow, if nifty opens below it, and for any opening above this line surely it will act as support. So, depending upon tomorrow’s opening we can go for trades. Any opening above the trend line with bullish price action crossing 16600 level we can enter a buy trend. 16686 will be the first level of resistance followed by 16821 and 16912. Any opening below that trend line crossing 16500 level a bearish trade can be initiated. In that case PDL may offer some resistance and then 16350, 16301 and 16227 will act as support. Nifty with Narrow CPR tomorrow, and as weekly expiry may show some volatile movements also. At the time of closing highest CE side OI is found at 17000 and for PE side it is at 16300. Again at 16500 considerable OI is present so this level could also act as a major support. According to India vix at the closing time nifty range for Thursday will be 213.
NSE:NIFTY
by rahulbora11
Bullish Shark on the 1hr BTCHello, we got a bullish shark forming on the 1hr bitcoin chart. A shark harmonic pattern has the XC .886 to the 1.13 buy area zone. However, you'll know the entry zone if the BC extension is of at least a 1.618. There it lines up with the .886 so we know that the entry for the price reversal zone is with the combination of the .886 and 1.618 BC extension and not at the 1.13 for this one. According to Scott Carney, harmonic trader, from harmonictrader.com, he states we should take at least 50% position off at the 50% retracement up from the whole bullish pattern. This is because the shark pattern, if it hits the 50% retrace profit target, that is where a bearish 5-0 pattern completes.
GEMINI:BTCUSDLong
by JackDale
1
Bullish Bat Pattern BTC 15minWith the recent rise, a bat pattern in bitcoin on the 15min has been forming. If it gets backs to the 30k level it looks to be a great pattern to look to trade. According to Scott Carney, harmonic trader, from harmonictrader.com, states the Bullish Bat pattern completes at the .886 XA retracement with in this case a complementary a 1.618ABCD extension in the PRZ. Stops below X but usually at the .886 completion it should show signs of reversal. First profit target for Fibonacci harmonic patterns is usually the 38.2% retracement of the full pattern measurements, followed by second target at the 61.8% and third at top of pattern, and fourth would be a breakout above the pattern. You can bet usually the first two targets will get hit at the very least the 38.2% if the pattern shows it is following the pattern correctly. You can set and forget these patterns but it's best to wait and be an active trader to utilize full potential of these harmonic patterns. Especially once price shows signs of going against you and your in profit. Next to remember is this will be considered a Type 1 harmonic pattern if it does complete. Type 2 means the pattern hit the targets already and will give you a second chance retest to trade the same pattern or give you a second opportunity to jump in.
GEMINI:BTCUSDLong
by JackDale