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Exploring Fibonacci Magic Levels in Bitcoin 💹📈After delving into technical analysis in Bitcoin, " Fibonacci Magic Levels " were created. 📉🔬 It is based on the continuity of various Fibonacci levels, ranging from a smaller scale to well-known levels. By precisely calibrating various Fibonacci retracement and extension levels in our Fibonacci Channel, we have identified highly relevant patterns in Bitcoin price behavior. 📊✨ These "magical levels" seem to strongly influence support and resistance areas, contributing to strategic trading and investment decisions. 📈📉
INDEX:BTCUSD
by joaowedsonf
TTOO - Temporary Bottom LikelyThrough deceitfulness of the current CEO regarding a surprise share split, the stock has seen a lot of damage recently. However, keep in mind that in order for shorts to make their money/profit. They need liquidity to exit their trade. There's a ton at this level given VPR, that combined with the 0.886 Fib level, we're definitely at the max pain zone. Highly likely that shorts are exiting their positions in mass near this level. We're looking at an initial strong response of buying pressure due to mass shorts exiting + some high risk long entries, second move will be likely to a mix of short squeezing and new opportunistic buyers after seeing a solid higher low on the daily level. THIS ENTIRE PLAN IS INVALIDATED IF TTOO CEO COMES OUT AND ANNOUNCES PLANS FOR MORE SHARE DILUTION.
TLong
by ThePennyMan
5
⚡️ Gov SHUTDOWN?! Market will tank?! What to do in this case? ⚠️⚡️Some shutdown insights with chart: Chart shows longest shutdown: 12/22/18 - 1/25/19 The fear factor has always been PRE-shutdown. Not DURING or POST-shutdown. ⚡️ That means what? If we shutdown, we may dip say 2-3%. But what happens during shutdown? You'd be surprised market actually RECOVERS during shutdown. BY A LOT. During the shutdown in 2018-2019, the market recovered the ENTIRE DIP, whole +15%. That's the same thing that happened in 2013. The market rose 3% during shutdown. ⚡️ So is shutdown really bad for markets? No. Only shutdown fears really cause a dramatic effect BEFORE it happens. Remember the psychology of "priced in". Once a shutdown happens and market reacts for a day or 2, it's priced in. ⚡️ But why? After the shutdown happens, anything is good news. If they announce a deal, that's good news. If they vote, that's good news. Thus, market does well during shutdowns. Good luck. 🙂 AMEX:SPY NASDAQ:QQQ NASDAQ:TSLA NASDAQ:AAPL AMEX:DIA
AMEX:SPY
by kingdips
6
📉📈 Low Volatility Deja Vu? A Look Back at 2022 and What It Could Mean for Crypto Now 🤔 Hey there, crypto aficionados! Today, let's take a trip down memory lane and explore some intriguing parallels between the current market conditions and what we experienced in late 2022 and early 2023. It's a case of déjà vu with a twist. 📉 The Calm Before the Storm: At the end of 2022 and the beginning of 2023, the crypto market found itself in a period of exceptionally low volatility. Prices seemed stuck, and many anticipated a further drop. The sentiment was cautious, to say the least. 📈 The Unexpected Twist: What happened next surprised many. Instead of the anticipated plunge, the crypto market took an unexpected turn and started to climb. The low volatility period was followed by a burst of bullish momentum that caught even seasoned traders off guard. 🔄 A Familiar Scenario: Fast forward to the present, and we find ourselves in a situation that bears a striking resemblance. Volatility has once again dropped to relatively low levels, and some are beginning to wonder if history might repeat itself. 🚀 Potential Implications: Could the current low volatility be a prelude to another surprise rally? While past events don't guarantee future outcomes, they do remind us of the unpredictable nature of the crypto market. 🧐 Stay Informed and Adaptive: In the world of crypto, staying informed and adaptable is key. Keep an eye on market developments, stay attuned to news and trends, and be prepared for the unexpected. Remember that markets can change rapidly. 💡 The Takeaway: History might rhyme, but it doesn't always repeat. While we can draw insights from past experiences, the crypto landscape is ever-evolving. Be vigilant, have a well-thought-out strategy, and embrace the excitement of navigating these dynamic markets.
by AlexWhale
CHRUSDT → The bulls are holding the price above resistance BINANCE:CHRUSDT breaks the resistance of the wedge and gives us a good signal for a possible strengthening of the cryptocurrency pair while the market flagship - bitcoin makes a volume shakeout On the BINANCE:CHRUSDT chart below, I have marked the strong 25400 level. We can see that price is testing this area in a false breakout format. The problem with bitcoin's weakness is that there aren't many short-term traders. Most of the volume is with medium and long term holders, hence the activity which moves in cycles over a long distance. CHR breaks through resistance, but the moment BTC falls, the price comes back and tests the previously broken boundary. At the moment of flagging strength, CHRUSDT forms a consolidation above the line and starts to turn the price up. An important resistance for us is 0.1092, if the coin overcomes it, it will open the way to the mentioned targets Support levels: 0.0956, 0.0826 Resistance levels: 0.1092 As the coin has strengthened above the previously broken garnet, I expect a breakout of 0.1092 and further growth Regards R. Linda!
Long
by RLinda
15
JUBILANT FOODJubilant food, leading in QSR and delivery business of Dominos. Stock can be seen falling from 650 levels and seen lot of correction. Stock was falling due to increase in raw material prices and margin pressure. Now sooner or later prices will come down and pass on to customer. Company has also announced capex and also launching new flavors and products. Stock is in buy mode and also has formed good base. Stock can rally towards 600-800-900 due to World cup and upcoming festival Season. Company hasa good fundmentals.
NSE:JUBLFOOD
by manideepcs024
3
TWO GAPS to FILL. Which one comes first?Traders, Our CME BTC Futures chart now shows (2) two gaps to fill. We know that over 90% of all gaps are eventually filled. Usually, this occurs sooner rather than later. The big question is which one of these gaps will be filled first if we assume they will both be filled? Post your best guess in the comments below. The other thing I am looking at on this chart is a possible retest of our previous channel. Previously, the top of this channel acted as resistance. The market likes to come back and test previous resistance as support. Will it do so this time as well? Stay tuned, Stew
CME:BTC1!
by stewdamus
UUUU entry - sub $6Energy Fuels (UUUU) is a Uranium and Vanadium mining company that is domestically sourced low carbon renewable energy fuel (U( and steel strengthener (V2O5). * Improving earnings - nearing profitability * Domestic contract growth * By-product Vanadium is also in demand - steel recycling * Energy market can not rely on oil and LNG alone * MFI crossing 50% and consolidation and buying will increase scarcity * CCI momentum hitting bottom Entry this week after dropping below $6 with limit buys and retracing back to 238 fib level. Will watch for drop to full retrace to $4.90 (exit before) or a more likely climb to 500 retracement at $8 and watch for break through or more consolidation. Own opinions of energy market - come to own conclusions, or comments here welcomed. Like to hear what others in energy market have to say. Warm winter LNG will get us through, what stocks are you loving for 2023? @Pokethebear @rudcharts
AMEX:UUUU
by Pokethebear
2
Bitcoin bull market (pre-halving)Hi everyone, When Pi Cycle bottom, which is a free indicator, cross up with 1 week candle and holdl support, there are great chances that the bottom is in. As long as, red line hodl support we can see further upside price action. Even in 2019, when the price was rising for short time, red line showed danger as soon as the 1 week candle broke down and confirmed. This cycle looks like 2015 cycle more than 2019 so $27.7k will be one important level to watch for next weeks. Cheers!
BNC:BLXLong
by cryptoforevery1
Where the Bullish Divergence For Bitcoin?This chart plays into previous Bitcoin cycles but more importantly it showcases the similarities of the 2013 & 2018 cycles and questions the case for 2022 of "Where's the Bullish Divergence?" The MFI (Money Flow Index) Indicator which incorporates the RSI + weighted volume shows that in all of Bitcoins 3 past cycle bottoms we have seen the MFI at an all time low with weeks later putting in a lower low in price and a higher low on MFI. We have yet to see this play out in the charts. Does it need to happen? no. However, we have yet to see it yet(on weekly) and a case for the bears would lead to a probability cause for a most likely scenario to validate an actual bottom is being put in. You can see my bottoming chart for the next leg down in the linked ideas.
BITSTAMP:BTCUSD
by LiquidMafia
ALGOUSDT → Bottom retest. False breakdown before the impulse BINANCE:ALGOUSDT is testing the bottom at 0.0958 in a false breakout format, which could trigger a rather strong rebound as it took more than 3 years for the second retest. Such long retests form a voluminous pool of liquidity that can hold the onslaught. Price is forming a bearish wedge within the downtrend and after a bottom false breakout , price recovers and breaks resistance. The key support level at the moment is 0.1070. Consolidation above the level is forming, forming an entry point. On the background of altcoin market revival, our coin may show good potential in the near and medium term. Support levels: 0.1070, 0.0958 Resistance levels: 0.1225, 0.139 I expect consolidation above the above support with further upward impulse. medium-term target is 0.1607 and 0.2376. Regards R. Linda!
Long
by RLinda
14
Is JD a Chinese economy equity setting up a reversal?JD on the long term weekly chart appears to be in a descending wedge pattern which would generate a bias for a breakout upside. Price is now supported by the one standard deviation line below the VWAP bands anchored to 2019. The analysis of the ultralong term volume profile is that the Point of Control is just below price and that the vast majority of trading volume has been above the current price. I can readily presume that JD is at or near a bottom and most certainly the 1, 2, and 3 year lows. Analysis on higher time frames such as the weekly are more likely to be accurate with good signals. On the MACD signals have crossed in mid-May and now ascending in parallel toward the zero line while price is bouncing around at what I will call the bottom. Said another way, the MACD is showing bullish divergence. The upside here over a long term could be as much as 250% and much much more with a long expiration options contract. I will open a long trade here in a small position with a stop loss below the POC line and DTA into it over time whenever there is a pivot low on the weekly chart. I am confident that the Cinese economy with supposedly zero inflation will be an excellent backdrop for Chinese stocks to run higher in due time.
NASDAQ:JDLong
by AwesomeAvani
4