Get started

Fib

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 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) Stay updated for more content Have a nice Day : ) Bye! -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by xtekky
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.
COINBASE:BTCUSD
by RudeDude90
1
XAUUSD Elliot Wave Forecast - Wave 2The chart illustrates a regular flat within the longer term correction which consists of a 3-3-5 wave sequence (A,B,C). Currently unfolding is the subdivision of Wave C which began from the November high of 1877.14. Wave 2 is typically 38.2%, 50%, 61.8%, 76.4%, or 85.4% of wave 1. Sustained pressure saw an eventual break of the resistance at the 0.618 fib level before halting at the 76.4% level. The pull back could extend further to the 85.4% towards 1859 before resuming the final stages of the correction. On the contrary, wave 2 is now potentially complete. I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' provides encouragement to share further ideas. Thank you for taking the time. BeyondEdge Your Edge Is Your Perception. Go Beyond.
OANDA:XAUUSDShort
by BeyondEdge
4
PFIZER (PFE) BUY STRATEGY TA SCENARIO IDEAI made a personal TA on NYSE:PFE using FIB retracements to define when to buy the current pullback reversal. PFE is currently in a very clear uptrend an its previous pullbacks "reversed" at aroung 50%-61.8% FIB so i think that this current pullback is going to reverse at around 50%. Before buying: Check Rsi bounceoff and SMA positionning to form a support Check if EMA's are likely to cross (strong uptrend) Dont wait to buy at exactly 50% fib level, price may reverse earlier and you miss the dip/opportunity, or you miss a lower dip at around 61.8% If price drops further down, may be a sign of a trend reversal ! !! This is not investing advice, you shouldn't (At all) follow my buy setup, this is a personal TA which may differ from yours. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) Stay updated for more content Have a nice Day : ) Bye! -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NYSE:PFEShort
by xtekky
2
GU ShortsCurrently price is in a bearish trend and is making LL and LHs. We have just stepped out of this trend by not creating a new LL. however NY and LDN sentiment has been bearish the past few sessions at these levels we are pushing up into now so I'm looking to try and get an entry at the 78.6% retracement and then for the NY session to have a bearish sentiment pushing us down to form a new LL. We are following the trendline nicely and have just had a BOS to the downside.
Short
by elliotthforex
#BITCOIN Scalp SetupIn this chart we are trying to find a LONG opportunity. A way to find a possible scalp or pivot point is to look for where bottom or top of trends align with horizontal support & FIB levels like 0.382, 0.5 & 0.618. When trading I give horizontal support with the most respect followed by the FIB's 0.618 being the strongest. I do not trade diagonal trend support and resistance lines on their own as they can be subject to bias depending on how you place. To avoid bias in the diagonal trend lines you can mark the most touch points possible while keeping as much width as possible. However when all these line up you might be looking at an opportunity. this works both long and short. the blue circles shows all the times the white horizontal line has acted as support resistance. you can see early on in this pattern it was very active. All these supports, trends and FIB's lining up with each other makes this a possible thesis on the very least being a scalp long here if not a price pivot. remember to keep stop loss close but not to close to get caught in a stop hunt. bank roll preservation is key. you ill be wrong more than right but you only need to be right once to make up for all the wrongs if you keep stop loss tight. Going back to my earlier hidden bullish divergence thesis adds confluence as well to more strong bull case forming long term. good luck trading for more follow @brooklynboy436
COINBASE:BTCUSDLong
by ELM_Trading_NYC
Falling Wedge- BullishWatching SOL closely here, treading lightly in the crypto space with all of the FUD surrounding pending regulations. However, SOL is looking quite nice here and is currently sitting right on its 200-Day EMA. Additionally, SOL is holding a big falling wedge with a little cup and handle at the end. Bullish on SOL long-term and will be watching closely for a breakout from this wedge- just some FIB levels along with some RSI based supply and demand zones to keep an eye on in the meantime - Falling Wedge - Cup and Handle - Sitting right on its 200-Day EMA & Bounced off the .00 FIB Level - Bollinger Bands are Squeezing (Not Pictured) - Slight Bullish Hidden Divergence on the RSI on the 4-Hour Timeframe (Not Pictured) - Buyer Volume Picking Back Up
SLong
by jacobosiason7
$VET H/S Forming to begin right wall of cup (followed by handle)*THIS IS NOT FINANCiAL ADVICE* Overall, I am bullish for VET's 2022. If you take into consideration their niche, and their current partnerships, you'd be bullish on VET also... If we take the April - May '21 run-up to the .20 cent range, we can consider the top there to be the .786 fib line on a larger scale. Otherwise, on a smaller scale, it is the .236 "top" fib line but we currently sit under the .786 which acts as resistance. If you zoom in, you can see the potential formation of an inverse Head and Shoulders which could act as a retest for the green upper trend line. If it flips it for support, expect a retest / completion of the 2nd shoulder + the starting of the cup wall up to the .618 and .5 fib lines. If the .5 fib line is flipped when finishing the handle I do not expect much resistance at .382 line... but if there is, expect the handle to be formed. Or, it could just be a hell of a year for Vechain itself, and none of these lines matter, and we go to $1 and beyond with ease 🤷🏻‍♂️
Long
by CruiserSpentIt
1
HOW-TO: FibDev Indicator This tutorial is to explain our FibDev Indicator using AMD 15m chart example. Overview of the daily zones: -- Starting with red zones, these are our daily supply zones. We expect these zones provide resistance and act as potential pivot points for the price to reverse -- The yellow zone is the neutral zone, when price is in this zone we expect that it will continue to chop around until it has chosen a direction for the day. -- The green zones are demand zones. Similar to the supply zones, we expect these zones to provide support and act as possible pivots for the price to rebound -- These zones are built based on previous daily price action and ** the zones will be the same on all time periods for any given day ** Overview of the intraday clouds: -- The upper cloud (red outline) is where we expect to encounter an overbought condition, and that price may reverse down -- The lower cloud (green outline) is where we expect to encounter an oversold condition, and that the price may rebound upwards -- These clouds are built based upon ** the time period of the chart that is selected **. Thus the 5m clouds will be different than the 15m clouds. Overview of the automated signals: -- These signals are printed when we expect there is a chance of trend reversal. It should be noted that trading against the trend is very risky. -- They do NOT serve as buy and sell signals, they are merely indications that price has entered a place of possible reversal. Our thoughts on how to use this data: --The main way we like to use this is by looking for scenarios where we have a wick or close that has broken above or below the intraday cloud at the same time that it is testing a supply or demand zone. Looking at this AMD example here, you can see a few scenarios where it wicked or closed into the lower cloud (some creating Bull signals) and was also testing a demand zone. This provides a layer of confluence as it's not only testing a daily demand zone but it's also testing the faster, intraday oversold zone (the lower cloud). -- A secondary way to use this data is similar to the ORB strategy, where you essentially chase (or ride the momentum) the price once it has broken to the upside or downside of the yellow neutral zone. With this strategy, your potential profit zones would then become the supply or demand zones depending on which way the price moved. Conclusion: -- Ultimately it's up to you and how you choose to use this data and confluence it with other TA tools is completely up to you and your trading strategy. -- For more information on using this indicator, please send us a message here or on Twitter (link found in our profile). Thank you! Great Blue Trading Team
NASDAQ:AMDEducation
by GreatBlueTradingTeam
HOW-TO: FibDev Indicator and the Newest UpdatesWe previously published a HOW-TO on using this indicator, but since then the UI and the automated signals have changed noticeably. We STRONGLY recommend reading the first HOW-TO for this indicator as the core concepts are still the same (outside of the signals). UI Updates: We now hide the supply or demand zones if they aren't applicable to the current price action. If the price is in the neutral zone, there is no current target zone so both supply and demand are hidden. If price has broken out to the upside, we display the target supply zones at this time and vice versa for the downside, we display the demand zones. The way these zones are calculated is still the same, they are built using daily values and do not change through out the day (regardless of if/when they are displayed on the chart). Automated Signals: This is the biggest change, we are no longer generating automated signals based on possible reversal points of oversold and overbought price areas. This strategy can still be used, but there will be no signals created is all. Instead, the signals are now generated when the price leaves the neutral zone and track momentum vs searching for trend reversals as before. When the price breaks through the neutral zone to the upside a Bullish Break Over signal is now printed implying that we see bullish momentum to the upside. The supply zones will display and now we are tracking the upside move with the indicator. The opposite for the downside break, Bearish Break Under signal and demand zones displayed for tracking the momentum to the downside. Conclusion: The indicator is now tracking momentum vs reversals, but using a combination of the Intraday Clouds and Neutral/Supply/Demand zones you can still use this for reversal setups. Thank you! Great Blue Trading Team
AMEX:SPYEducation
by GreatBlueTradingTeam