Fib
SOL is back to around $ 40Hello everyone, let's take a look at the SOL versus USDT chart over the 4 hour timeframe. As you can see, the price has broken the downtrend line and is above it.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 38.92, if the support breaks down, the next one is $ 36.49 and $ 34.43.
Now let's move from the resistance line as you can see the first resistance is $ 42.78, if you can break it the next resistance will be $ 48.40 and $ 54.08.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used up and is slowly bouncing back, while the MACD indicator shows a local upward trend.
confirmation on GBPUSD for a buy!In my last video, I talked about buying on weekly and daily timeframes: sellers started getting exhausted.
Now, on H4, inverse head and shoulder pattern is recognized, with a big candle close above it. The trend retraced to the neckline finally and rejected up from the golden Fib buy zone.
Before taking this trade, watch the previous analysis in the video.
Joe.
Long term buy on GBPUSDGBPUSD is trending on a solid support, on the weekly chart, we will search for buy setups using Elliot Waves, Fib extensions (from many points of view) and Fib retracements.
We will also discuss the emotions of traders, where the sellers could start getting exhausted, and taking their profits so we can see the market bouncing.
Divergence comes at the end to confirm my trade.
Be careful, long-term trading needs a serious risk management, the stop loss is never close.
Don't consider the buy order at the end of the video, the recording run out of time and i couldn't explain the entry precisely.
This video is in Arabic language (Lebanese), I can start making english videos if you traders on tradingview are interested in my ideas.
Thankyou,
Joe
SP Futures ABC Elliott Wave correction is finished... BullishI believe the bigger ABC correction is finished.
All of the waves are super clean, and all fib levels and extensions are spot on for Elliott Wave measurements.
Doesnt mean it cant go into a more complex correction from here... but as far as the ABC correction... its finished imo.
SP is now starting a bullish wave 1 of a much bigger sequence that will eventually take it to ATH.
It appears it could be in wave 4 of the wave 1 now (wave 4 is often a triangle).
My analysis on tsla from april (see ) had the end of the c wave at possibly 620 (hit within $1)... and i see the same things in the ES for now with a clean 5 waves down for the C wave (has to be 5 waves).
4300 would be a good resistance spot for this move to stop, as there was a triple top at that level.
The big trade setup will be if price gets to the 4300 area, completing this first 5 waves up....
Then pulls back for wave 2 into approximately the 4000 area.
This will be a SCREAMING buy opportunity in my opinion, and a great entry for wave 3 up, which can often be the biggest wave.
Many things lining up for the bullish contrarian bet to be the right bet... We will see
LaVinci's 30-Day PlanUnfortunately, we cannot predict the future. We can, however, predict the immediate future as a function of our free will in conflict with the universe around us.
In anticipation of BTCUSD dropping to the 22,000 area, as a bearish harmonic extension distributes' itself, LaVinci has devised a plan to accumulate BTCUSD over the course of the next month.
The goal is to avert risk while simultaneously reap rewards by scaling into multiple LONG positions over the course of the above mentioned time period (30 days). Stop-Losses are also devised in the plan to scale out and liquidate the long positions in the event that the current structure fails to react accordingly. Take-Profits aren't being taken into account just yet, for the anticipated time that this position will be held is going to be between 70-90 days.
Please follow & critique, as critical feedback is strongly encouraged!
Thanks,
LaVinci
GMT in the local uptrend, SHORTHello everyone, let's take a look at the GMT to USDT chart over the 4 hour timeframe.
As you can see, the price is moving above the local trendline.
Let's start by identifying the stop loss we have in the near future:
SL1 - $ 0.9975
SL2 - $ 0.9070
SL3 - $ 0.7979
Now let's move on to the goals we may consider:
T1 - $ 0.9994
T2 - $ 1.0598
T3 - $ 1.1099
T4 - $ 1,7579
Looking at the CHOP indicator, we can see that in the 4H interval most of the energy was used, while the MACD indicator indicates a local upward trend.
BTC/USD - FIBO Chart !Hello trader,
Nice week and profitable deals 💲
BTC1D Chart 🗝
In this chart we can see 2 FIB channels and
1Channel in LTF ✔
1 Fib Circle,Fib retracement
and MA 200 1D 🔑
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
If you have any questions, let me know
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas,
Trade save !!
Buying Opportunity: Carvana (CVNA)This analysis is fairly straightforward. Carvana (CVNA) is nearly fully retraced. Momentum downward is slowing, multiple indicators are showing a bottoming pattern, and open interest in calls is increasing. Although the price can still fall another 10-20% to the low, it's likely that a bottom is near. This is an obvious choice for long-term investors who want to enter at the bottom to go long. Be aware that this is a monthly chart and reversals can take time. Conservative investors may wish to wait until a bullish monthly or weekly candle forms before entering to go long.
Not financial advice.
TSLA Long - near term target $800TSLA - fib set up with a -23.6% target of $797.31...
Looking for possible $800 test and pop through the level.
This particular set up recently triggered near $740, with a stop below the pivot low of $730.92. The R:R on this setup is approximately 5.2:1.
Needs to get through $750 for higher conviction for follow through.
Also, the hourly 200sma should be resistance near the $800 level. I am looking for price to reach the fib target, and the hourly 200sma.
SHIBA the major support and the last chance 📖💡Hello every one
the last chance for shibusdt
Based on the chart
the price is close to the major support and better to say the previous zone that started its amazing pumping to the upside ✔️
and
we expect to see gain and pump from here, besides the range market is acceptable scenario too 📖💡🚀
and
if we lose this area, we will see more correction to the downside ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Fibonacci retracement long term projection $BTC $BTCUSDT $BTCUSDFibonacci retracement long term projection $BTC $BTCUSDT $BTCUSD
What if we apply the Fibonacci retracement levels in advance and we adjust the low for the current cycle to the next cycle so that it is the N+1 level.
So the current (N) 0.382 becomes the next (N+1) 0.236. Which give us roughly 120k. I am curious how this plays out.
Winter Is Coming » The Great Reset? As you can see, this is a monthly view of the SPDR S&P 500 index - ticker symbol $SPY - on a monthly basis.
We have just closed Q1, 2022 with a truly epic rally: $AAPL had its best stretch since 2003, and a series of hot stocks ($AMZN, $GOOGL, $TSLA, $GME) have either confirmed stock split plans or have mentioned the serious possibilities of it.
We have closed the month with a bullish engulfing candle on the monthly chart.
$QQQ's monthly chart looks like a hanging man - today's selling put us just under an engulfing.
We're going to see some interesting action in Q2, and in the next few weeks, but don't let yourself be fooled into thinking Feb24/Mar14 was the bottom by idiots like Cramer.
Good luck out there.
I invite anyone to present their bullish or bearish thesis in the comments section!
BTC + SPX Trade IdeaThis is a medium term swing/position trade that has a pretty good chance to play out. Check out this fib idea below which underscores the idea. Obviously, don't panic buy unless you like riskier trades. Ease into your entry! June thru October looks like a decent entry if nothing too crazy happens, but a surprise via some global disaster could RUIN this trade. Sellers are willing to accept lower prices for this past year, that's basically what the log returns is telling us as it's below 0. In other words, risk has not paid off in a while on this scale. Risk-averse HAS paid off. This is a contrarian trade. The crowd is now ultra bearish and this presents an opportunity of price discovery. Wait for them to come to you, don't panic and go to them.
The wholesale price range is defined by the region of prices where most trades were made AND the result of those trades is highly random. The bottom and tops of this wholesale zone represent the golden ratio 0.618. Remember, the absolute value of the inverse of 0.618 is 0.382. Both of these fib levels are identical, one level represents sells and the other represents buys. In other words, we don't define where 0 or 1 is. We draw the golden ratio area of the fib box around the wholesale range, then we get the definition of 0 and 1.
Be aware though, that if you do this same analysis but with Log Returns on a 2 Year timeframe instead of 1 Year, we could still be in a distribution zone. Don't put all your apples in this basket. Be diligent about your position:
This gives us quite a startling conclusion. The rally of Dec 2018 was simply a bear market rally on a 2 Year scale. We could be in the very SAME situation now. Lower highs on the indicator, then lower lows. So even though it LOOKS like a decent buy on the 1 Year timeframe, we should NOT assume it's going to the moon if the price reaches our target (red crosshair) unless there is some drastic shift in monetary/fiscal policy which would cause a new cycle to suddenly appear.
What do you think about all this craziness?
I hope you liked the idea, and good luck. Don't forget to hedge your bets! :)
Luna short term $0.008 to $0.028 fib targetUsing fib targets can Luna hit the $0.008 or next $0.028 fib targets? Is this token even going to be around? I am not an expert on Luna but I keep hearing they are trying to fix it and then others say no fix in sight. Please be cautious in playing with a platform that has lost this much market share so quickly.
Bitcoin Short Couldn't be more obvious - 5 to 1 trade With the aggressive downside move this week, buyers trying to take back control of market, but bears are not finished. I think bear market is upon us as weekly structure has been taken out for BTC .
PA is without question trending down with price below the 4H 50 EMA , and consistent lower lows, lower highs.
Good time to sit back and wait for the next short opportunity with PA destined to head back down.
Trade setup
SL: 32670
TP1: 23425
TP2: 20885
BTC key area for big short 40.3k fib levels and previous demand Multiple Fibonacci retracements pulled with confluence on the .786 and 0.618 .66 where previous heavy demand was before big move down
also low volume node and .382 lining up with eachother
Going to be looking for a short at 39k / 40k area let me know what you think, I will market buy when we see the reaction, if retest and rejected then short, if we break through and backtest as support I will long.
will post targets later on fib extensions.