Get started

Autofib

NANO Doube Fib Speed Fan plus FractalHello you all! I hope you are all well. For the last 4 days, we saw the price of NANO USDT decreasing and this gives me a good fractal to grab hold to. What I mean is that at the beginning of the last cycle we got a succulent dip which culminated in that nice pump we saw 16 apr `21. After the dip the price raized and then we saw a dip of about one week before the pump. Right now we saw a dramatic dip which may indicate that the cycle may repeat, at least at some level of similarity. Alright. So now we are on the 4 day of the dip, but it seems to me like this movement is a bit more extended than the last one, which means that it could take more than a week for the dip to dip before the potential pump. These last 4 days of going down gave me a good target for me to place this fractal a little more accurately. I like how the fractal fits the automatic fib fans by DGT available for free here on trading view. I hope this was clear enough hahaha Nice ride you all.
N
by Alexandre-Perrella
2
how to apply pitchfork and auto pitchfork studyPitchfork , is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature   * Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork   * It is created by placing three points at the end of previous trends   * Schiff and Modified Pitchfork is a technical analysis tool derived from Andrews' Pitchfork In general, traders will purchase the asset when the price falls near the support of either the center trendline or the lowest trendline. Conversely, they'll sell the asset when it approaches the resistance of either the center line or the highest trendline. █  Usage Tips :   * Andrews' Pitchfork (Original) best fit in a Strong Trending Market   * Schiff and Modified Pitchfork better with Correcting or Sideways Market. Modified Pitchfork is almost identical to a Parallel Chanel Step By Step Applying Pitchfork Auto Pitchfork Study ʙʏ DGT ☼☾ Besides Auto Pitchfork Pivot, Support and Resistance plotting, study also includes Auto Fibonacci Retracement Levels and Zig Zag indicator Link to the Auto Pitchfork ʙʏ DGT ☼☾ :
Editors' picks
Education
by dgtrd
198
Crypto Keeps RunningIts crazy, the run the crypto markets have been on. Its just nuts. But its still going and going strong. Let's take a look at a few coins. Bitcoin Blasting past $41k, its been mind blowing, the support behind BTC recently. Looking at our D+ indicator, we can see how overbought levels have made small dips in price over the past few months. (I like the 3h chart). But even on this 1h chart we can see the D+ cloud growing and shrinking, staying at relatively the same level. This is a good sign for growth, and that steady support is still here. Ethereum Just as crazy as Bitcoin, ETH has been on an amazing run as well. I wish I bought more! (But hey, who doesn't?) On the ETH chart is the Raygun script, showing support and resistance levels. What's cool about Raygun is you can see price helix around these levels, and use the colored dots to visualize which way its going next. You see all those big green dots in a row along the red dotted line? (The red dotted line is a S/R level.) Seeing all those green dots is clear support at $1170. Its been tested multiple times and continues to hold. Looking good for ETH. Nano This coin popped on my radar recently as a coworker of mine mentioned he is still holding a bag from 2017. I'm not sure how much he lost back then, but I bet he's made it all back and then some in this run! Here, with the Auto Fibs script, NANO is showing perfect fibonacci retracement price action. It rose up to a high, retraced back 50%, then turned to continue upwards. Now, its playing with the 23.6% which seems to be holding as support. We'll have to keep an eye on NANO and this fibonacci script levels to see how its going to behave. All in all, this has been a crazy run. I'm still long, and of course wish I had put more in to my crypto bags. When will this run end? Who knows. its a different game being played now in the crypto space it seems. Do you sell your bags now and run, locking in your profits? Or do you hodl and wait to see what happens next? If the latter, just be sure you have a good script or indicator you trust to alert you to get out when things turn. I'm still in...and watching these scripts closely.
COINBASE:ETHUSDLong
by marketscripters
2
EUR JPY Pivotal levels from 2008 highs to 2012 lowsSlightly bullish due to the support zone - until it is broken.... much longer term if we continue i would expect a new volatility zone to emerge at above144 and go on to test 152... if we breakdown then i would expect a retest of 136,132 ... possibly even 128 and then 123....? -that's all possible without looking at news - all i am doing is picking price and levels based on market structure and history... Looking at the chart you can see the MTAutoFib indicator which is available from the chart > Indicators > Market Place Add Ons. This is looking back 365 Periods and so on a weekly chart it is picking up the 2008 high and the 2012 low of the time window from 2008 to 2014. It provides a simply to see set of fib levels - which will work on any instrument and timezone. So we can say currently we are between 50 and 61% retracement of the 2008 high to 2012 low market structure. with current support towards the 61% zone at an historical level. So we are still gaining ground against the 2008 collapse... but maybe this is the new fair value... From the bottom of the financial meltdown in 2012 the EuroJPY has regained 61.8% of its losses against the JPY in 2013 and as we entered 2014 it has chopped sideways above and below that region - at levels last traded at 2009 to 2010. The top of that historical volatility zone is now acting as support from the 138 zone. Major support might be seen as 136 from here it we break.. 137.50 convincingly after that 132. a fibonanacci 50% retracement level from 2008 to 2012... seen in blue on the right margin. Notice the black line in the middle area of the chart i would say it's almost a 50/50 call to say where go from here... however looking at current structure -we are congesting in a tighter range along this level and surely a breakout one or the other will be in play - or even perhaps a fakeout followed by a rally? I think we are at quite a pivotal price and level... chose a methodology to enter short when the time arrives... or long when its time... The moves on these higher time frames can be used for day trading.. trade entry... i have linked a post to this one.
Long
by microtrends