ETHEREUM (ETH) 1H CHART SCENARIOI made up a chart based on gann and fib lines, see for yourelf if the scenario worked out.
I wiil take a long position if ethereum comes down and retests the support.
I used:
Fib Speed Resistance Fans
Fib Grid
Log Chart Rays
Volume Supply/Demand Zones
Imbalances
Date Ranges
Trend-Base Fib Time
Shliff Pitchwork
There also is an xabcd pattern:
If it bounces, i'll consider to ake this position:
Here is a large view:
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That's pretty much it! don't forget to ask or DM if you have any questions!
If you want to follow me on this long journey ahead of us, you can support me by subbing and liking the post !
-Credits to xtekky-
Fib
ETHEREUM(ETH) - RANGE CYCLES - (MANIP ALGOS) - SMCBITCOIN (BTC) - RANGE CYCLES - (MANIP ALGOS) - SMC
My charts are getting really complicated - too much? (tell me if yes)
On this chart I mainly wanted to show that bitcoin is doing very similar range phases repeatedly, my TA is mainly based on that, I have many other scenarios but I wanted to focus on the cycle idea today.
On top of that you can see multiple lines that may seem "random" to you but almost each one of these is very relevant.
I used:
Fib Speed Resistance Fans
Fib Grid
Log Chart Rays
Volume Supply/Demand Zones
Imbalances
Date Ranges
Trend-Base Fib Time
Mod Shliff Pitchwork
Shliff Pitchwork
Cyclic Lines
Here is a large view of the chart:
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That's pretty much it, don't forget to ask or DM if you have any questions!
If you want to follow me on this long journey ahead of us, you can support me by subbing and liking the post !
-Credits to xtekky-
Shiba Inu: Moon Soon? (Fibonacci Channel Inside)Hey everyone, let’s do a multi-timeframe analysis on Shiba Inu today.
We will use top-down approach along with the Fibonacci Channel on the log chart.
Daily:
Currently in downtrend, forming lower lows and lower highs, consolidating in a parallel channel and has broken out, but still with a less volume. It has much probability to reverse back to the channel, it might consolidate outside the channel for a few days, I will show it to you on the Fibonacci Channel.
Let’s draw a Fibonacci Channel on this downtrend.
For drawing a Fib Channel on the downtrend chart, you have to select the first high of the trend, then the next high, and the third point should be on the low in between these two highs (Check out the A, B and C points in the chart).
Now you can lower your timeframe to get into a trade according to these lines.
Here we can see, it has broken the channel and has hit the first target of -0.618 level. For the next level, it should take a pullback on the lower timeframes, which has a less probability. In this situation, price might consolidate between the 0 to -0.618 level. It might use this 0 to -0.618 zone as a new channel.
4 Hourly
On the four hourly chart, we can see some better volume than the last few days, and the formation of Doji candle indicates a trend reversal and we can see a bullish pinbar candle forming here too. I’m bearish here and you shall also check the work of Fibonacci Channel in the below image, price is respecting it. You can use this channel in any trending market.
1 Hourly
We can see 3 bearish engulfing candles, which is an indication of bears incoming and the volume is decreasing too.
P.S. I’m using Log charts here.
I'm sharing the links to the Fib Channel Ideas, do check them out.
Hope you had a good time reading this ;)
EURAUD on a bull flag 🦐EURAUD on the 4h chart is moving in a descending retracement channel.
The price after the attempt to break above the weekly resistance tested the 0.5 Fib level and moved to the upper trendline of the channel.
How can we approach this scenario?
We will wait for the market to break the channel and move over the weekly resistance, in that case, will start to check for a possible retest of the structure and set a nice long order according to the Plancton academy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Potential Short on ETH/USD Still in Bear Market conditions - this means we are still looking to sell when near an area of confluence until price moves into the ACCUMULATION PHASE
BREAK OF 2584 SHOULD SIGNAL A MOVE DOWNWARDS
IF PRICE BOUNCES FOR THE 38.20% FIB METRIC THEN WE COULD SEE PRICE MOVE UP TOWARDS THE 100EMA VALUE OF 2866 AND WE LOOK TO REENTER WITH THE 2ND ATTEMPT
Please leave a comment as all ideas or corrections to my analysis will be very helpful :)
Price action on FibonacciNum3 Fib Tutorial,
Here should we place SL and TP?
Every foreign exchange trader will use Fibonacci retracements at some point in their trading career. Some will use it just some of the time, while others will apply it regularly. But no matter how often you use this tool, what's most important is that you use it correctly every time.
$CAT downside to 186, 173, 150CAT has slowly been unwinding with lots of volume on every move to the downside while seeing lower relative volume of buyers bidding up the price.
I'm looking for CAT to make one more swing up to look for any buyers near 208 and 217 areas. If we get a rush of volume to support the move then we should the continued trend to the upside of the pitchfork.
Downside:
I've left my fib levels to watch for areas of rejection. I'll also be taking a look at volume and strength of buying vs selling to look for weakness to the downside.
Should we lose the pitchfork median we will easily go to 150 by summertime (or even after earnings).
There are some headwinds away with the build back better plan possibly being killed, issues with supply and manufacturing in China, etc.
BITCOIN RETRACEMENT REVERSAL ? 1D CHART TABitcoin looks like it finished its reversal and is ready to drop further down like it did 21 Jan. after its previous retracement.
Fibonacci shows us that the retracement is at the 50% fib levels, we could see the price reach the 61.8% but it looks like it is already in a downwards momentum.
Here is a second scenario:
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If you enjoyed this post and agree with me, a like and a sub would be very nice : )
If you have any other ideas or simply disagree, manifest yourself in the comments ⬇️⬇️⬇️
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XNO NANO - RE-LISTING ON BINANCEHello people!
For the last few days NANO was delisted from Binance because the NANO foundation changed the ticket from $nano to $XNO to fit better the financial naming standards.
Today the chart is back on and super fresh. Some people managed to sell it for 3.9, which is extremely profitable considering that at this moment the price sits at 2.13 usdt.
I think that the fib sped fan helps us observe some interesting points of contact for short term operations.
Have a great week, people!
Symmetrical Triangle - UpdateHD catching my eye here after it bounced off the long-term uptrend it has been holding- Currently sitting right on its 200-day EMA, seemingly looking to reclaim and close above the .786 FIB level, MACD cross on the 4-hour, forming a big symmetrical triangle while also starting to break out of a falling wedge on the hourly timeframe. Additionally, HD formed a massive bullish shark harmonic pattern- Personally am bullish and will be looking for a breakout here (Broader Market Conditions Permitting) Just some FIB levels & RSI-based supply and demand zones to keep an eye on in the meantime - Previous charts are attached below
- Bullish Shark Harmonic Pattern
- MACD Golden Cross on the 4-Hour Timeframe (Not Pictured)
- Breaking out of a falling wedge on the hourly timeframe (Not Pictured)
- Sitting on the 200-day EMA as well as the .786 FIB level
- RSI starting to get out of oversold territory with buyer volume picking up
PT1- $360.68
PT2- $361.17
PT3- $362.12
PT4- $354.20
--Previously Charted--
MSFT earnings and long term predictionI am going to long MSFT for these reasons
~We have officially touched the 0.786 fib retracement which is a great sign to go long again
~MSFT earnings on Tuesday. MSFT bought out Activation Blizzard, so it will be interesting to see how they announce their plans.
~ALSO A while back, Mojang merged Minecraft launchers with Microsoft. SO now all minecraft java users use Microsoft login instead of mojang login.
~On the 4 hour chart there is VERY CLEAR BULLISH DIVERGENCE
~From the last ATH MSFT has pulled back 15 percent, which is a really big pullback.
~We are also on the bottom of the downward wedge, meaning that this will be a good zone to set enter with a SL below the support. As it is a very small loss. With downward wedges, it most likely will break on the up.
CRYPTO.COM COIN (CRO) FIB RETRACEMENT SCENARIO EARLY FEB 2022As you can see, BITTREX:CROEUR is still in a clear downtrend with a correction end-December 2021, CRO looks like is going to make a new correction/retracement, here is my scenario:
What makes CRO Long (for the next weeks, globally still in a downtrend)?
Strong bullish candle
Crossed RSI for the first time since last retracement
Till where is the to coming retracement to go?
Last retracement reversed at around 50%-61.8% fib level
To coming retracement is very likely to reverse around the same levels
Retracement or Trend Reversal?
movement looks like a retracement,
BUT, Crypto.com has recently made an NFT marketplace, and built a Stadium
Crypto.com has big upcoming projects
Therefore, new investors may buy CRO and pump the price
What about long term?
Crypto.com has huge potential to hit >10$ maybe it might be within the next five years and with inflation creeping up people are looking for places to put their money to hold its value and coins like CRO will always attract
attention as they market their brand and project very well.
You don't need to buy the current dip, there will certainly be many other possiblilities
Is the price likely to pump again like it did in November 2021?
Most likely NOT, in the next months, maybe in the future
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BTC/USD Bull Market PredictionBased on the chart history of BTC, the initial flash crash of 30% - 40% indicates a more than likely bear market. If so, BTC should bounce off the next support range and retrace to the .5 - .702 fib. After the retrace we should expect an 80% - 90% crash during the bear market. This similar structure can be seen in the past and I am strictly copying the historical data. This should be expected until new events and data prove otherwise. This bull run has been similar to the past bull runs.