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BTC - Flat Correction - FIBO mConfluence in game !!Hello trader, Nice week and profitable deals 💲 Feeling the turmoil in the market regularly...Even though I'm just a small fish, I take it upon myself to blame the FED for it. They started the tepppan much too late and denied until the last second that this inflation was not just temporary. On the contrary, it could also develop into hyperinflation! Even if BTC is an integral part of the markets, it has repeatedly failed to demonstrate the intrinsic value of gold! Now to the technical part: The last drop in BTC ended exactly at the 0.887 of the double top, which indicates a FLAT correction that can last for a long time and stopped exactly at the FIBO confluence 0.887 - 0.236 and Pitchfork 0.5. Also the 3 stopped at the Fib Extension 2.0 - Pitchfork1 and logscale Pitchfork 1.5! It's easily possible that we'll stop at the next Confluence point before things start going up again. This would be 0.382 and Pitchfork1 or Median Line !! 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 like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save !!
BITSTAMP:BTCUSD
by TR7z
MY FIB SPEED RESISTANCE FAN TRADING STRAT : ) Hi! I'm xtekky and this is my tutorial on how to use the Fibonacci speed retracement tool- I used Apple (AAPL) as an example to display the tutorial. Steps: (1) Open the fib retracement section on the left bar and select the " Fib Speed Retracement Fan" (2) According to your trading style, select the timeframe I indicated in the chart - to begin with - you can then choose the timeframe you are most comfortable with. (2) Define the begin of an uptrend (after last retracement or reversal) and place your first point (3) Define the end of the uptrend (after last retracement or reversal) and place your second point - if there isn't any recent retracements / reversals, you can take previous ones or the highest recent value (4) Define the most relevant percentage (38.2% on this chart) but it may as well be another level - note that fib levels 38.2% and 61.8% are often the most relevant ones (5) Let the stock / crypto test the level once or twice to make sure it holds, you can of course jump in directly if you are confident. (6) Take Longs and Shorts in the "Channel" Advanced: (7) Use momentum reversals (Squeeze Momentum from @LazyBear is the best indicator for me) to define more precisely when to jump in - note that the price doesn't always trade in the channel, there are some false breakouts and/or the price sometimes reverses a bit further. (8) Use volume support / resistance zones (9) Include Imbalances in the prices (If the Crypto/Stock you trade has a high volatility/manipulation rate) If you want more complex tutorial, you can see a more detailed vid on the Ytb profile linked to this Tradingview account Disclaimers: !! This is not an investment advice and you shouldn't use this technique alone !! !! Never invest/trade with more money than you can afford to loose !! ------------------------------------------------------------------------------------------------------------------------------------------------------------ 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-
NASDAQ:AAPLEducation
by xtekky
1
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: ------------------------------------------------------------------------------------------------------------------------------------------------------------ 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-
Long
by xtekky
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: ------------------------------------------------------------------------------------------------------------------------------------------------------------ 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-
by xtekky
1
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 ;)
Short
by theTAguy
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. ––––– 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.
Long
by InkyGrip
8
$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.
NYSE:CATShort
by GammaRayGoated
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: ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 ⬇️⬇️⬇️ Stay updated for more content Have a nice Day : ) Bye! -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Short
by xtekky
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!
by Alexandre-Perrella
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--
NYSE:HDLong
by jacobosiason7
4
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.
NASDAQ:MSFTLong
by CheckMatted
5