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Fib

ETH is coming for the crownSo, as you can see, since ~20th of Feb, we've entered and, for the most part, stayed within the Pitchfork channels the entire time. Only exceptions being a few of our four hr candle wicks busting thru the support beams at the bottom, but they always closed above. Now, we are at the top resistance line of the last channel. Separately, there is a new channel that we have broken into (pink and green trendlines) more recently, when we started hitting ATHs daily, and sometimes multiple times per day, with ETH. Following up the chart, you'll see the cyan and pink horizontal support and resistance levels we are currently using, and finally, circled in yellow: where I believe ETH is going to be forced to make a big move. Indicators show, to my knowledge - which is dubious at best 🤤 ***this is not financial advice*** - that we are going up. However, both ETH and BTC it seems are due for a correction, so, possibly this is it coming up soon. Regardless of which way the candles go, always have stops and takes set. Or else you'll get rekt. And then, what was the fucking point?? Good luck! (Check chart on daily as well for more confirmation with these indicators)
COINBASE:ETHUSDLong
by DeepPuddles666
TSLA - Daily with Fib Retracement TSLA - Daily with Fib Retracement This is one of the top 3 chart resources I always tell a new trader to learn. Again, you have to remember, the fib retracement can be used to predict potential support and resistance. It is not some magical indicator. "Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used." "Fibonacci retracements can be used to place entry orders, determine stop-loss levels, or set price targets. For example, a trader may see a stock moving higher. After a move up, it retraces to the 61.8% level. Then, it starts to go up again. Since the bounce occurred at a Fibonacci level during an uptrend, the trader decides to buy. The trader might set a stop loss at the 61.8% level, as a return below that level could indicate that the rally has failed. " Last two quotes from Investopedia article on Fibonacci Retracement Levels.
NASDAQ:TSLALong
by BradWeber82
RZI Analysis + Possible Entry PointI believe that now would be a good time to buy into RZI because it is reaching a critical support level. Raiz is a great company with a growing customer base and is on track to having $1 Billion FUM by the end of 2021. Raiz has bounced back to support at around $1.42 and may bounce back up to around $1.75 for a 20% upside. Personally, my SL will be at $1.27 which would net a 12% loss. Furthermore, the RSI suggests that RZI is extremely underbought which may make it a great time to buy-in. However, this is not financial advice do your own research :)
ASX:RZI
by Succulentgarlicbread
Moon Targets FET/BTC #FET $FET #FetchAIHere we see our weekly FET chart from Binance . And you can see that colorful Gann Fan indicator on it . You see where that purple X is on the chart ? That's up near the top of the Gann Fan and lines up almost perfectly with the .782 fib line near 11000 sats . That seems like a possible target for early 2022 because it is also brings us to the top of the Gann Fan line. This isn't guaranteed but we are in a bullrun year and FET has already closed above that Cup Handle and looks good for more upside .Soon enough we will be back up to our 1550 area and eventually continue on up. I believe the fibs are our targets here going up. The first fib above us is the .236 fib near 3420 and it will be great to see that area by the end of June ! But let's see . You see our fib above that is the .382 and it lines up almost exactly with the top of that light blue line ! So these Gann fan lines are looking good . Next is the .5 fib near 7077 . Jump above that to the .618 fib and it sits just above another Gann line , so these targets seem pretty strong . Above that is our .786 fib near 11000 . Is that our end target ? For early 2022 ? Maybe but this FET chart looks great ! We also had a Green monthly candle last night and that's good - I think FET will post Green monthly candles for the rest of the year .
by shimmeringpath
4
Short idea on GU after break of hourly structureYesterdays candle closed as a very promoting SS (shooting star), this was seen after a convincing move higher towards a slight daily level. This SS gives me confidence that price will reverse and go down to the untested level on the daily (5th April). We can see that if price comes back to the level now without a move lower we will have 61.8Fib confluence (very strong confluence). We will also have out 50EMA hovering around that area. We have out stop just above the high of the impulsive move down. Nobig news to come out today on either currency so we don't have to worry about watching out for that. If we get in I will close out at 4PM as it is Friday and I don't hold over the weekend.
Short
by Ethan_FX
Is China's year of the Ox is in fact a Bear?Using my favorite chart for bear spotting, the 1W chart with Bollinger Bands, it is easy to find bears in sight below the BB median for for months. It is very rare that a month would pass with such a setting and the market doesn't turn bearish. It happened, though, recently with the COVID-19 lockdowns in March last year, and what we thought would be a bear turned out to be a raging ox. But what about the current downturn? Using Fib retracements across different timeframes, I did a comparison between the bull market of this and last year and the one from 2015, after which a bear sustained almost a year. I picked this bull and not the one in 2018 since the 2015 one is similar in structure and magnitude to the last one. Moreover, I added a retracement to the whole bull market since 2015 to have a clearer historical context. The purpose for using Fib retracements was to analyze the apparently hidden support we are currently at, which proved to be resilient so far. The analysis shows tight support across different retracements of last year's bull, tighter than the support at the similar range in 2015, which was easily missed. This could partially explain the current resilience but it doesn't rule out a sustained bear this year. The analysis also show main level, which, judging from the history of 2016's bear, proved pivotal. For this year, the pivotal points are the current 16900 range, 15900, 14900, and 13600, the last of which would probably be the end of the bear, if sustained. Fundamentals, of course, play a big role in the direction from the current level, and one of the biggest fundamentals is the global economy and its recovery. To see how tightly coupled the world economy is, you can add the OANDA:US30USD . DowJones is more stable than both China30 and NSDQ100, and usually acts as moving average of sorts. Here, you can view the China30's bear of 2016 as a mere correction towards DJ's level. If that's true this time as well, then we are in the sustainable level for now and the namesake of the year could prove truthful.
OANDA:CN50USD
by MontyMacht
Silver Big Move AheadSimilar to my latest Gold Chart, I believe that the final impulse (sub) wave of the first leg up will lead us into a correction before or just after breaching 28.5. This will be underway with a breach of 26.3 (confirmation) and then 27 (participation). Correction at the top will be deep (~25.8), as it will be part of wave two. The first (non-believer) selloff in the first of three major moves higher from the bottom on March 31st. I think a healthy correction will bring us back as far as this 25.8 before true liftoff ~ in June? ~ The Gold chart is appearing to me very similar in structure. Outperforming US equities dramatically for the rest of 2021, with the first show of strength beginning now.
TVC:SILVERLong
by ptero1492
PolkaDOT fighting for life! This is my honest take on PolkaDOT. That bitcoin drop was harsh and sudden no doubt about it, but with every crash comes an opportunity. It's unclear what will happen in the next day or so, but here are some potential trade set-ups that can be made. For a long position, I would like to see a close on the 4H chart above the .618 Fibonacci extension line. It has some slight resistance and would also show a reversal into a short-term bull trend. From there we could expect it to make it back to where it was consolidating before the crash. For a short position, It's getting close to breaking through the previous support after that flash crash. From there I could assume that it will climb downwards to test the next support level. But... after that, if that breaks. It won't be pretty. All the gains from March and April would be erased and I would then predict a bear trend for Dot. While the project has a lot of hype and overall I expect the bull trend to continue it all mainly depends on one large factor. BITCOIN. Only time will tell. NOTE: This is not financial advice. Enter your own trades at your own risk with a plan!
KRAKEN:DOTUSD
by Simple_Crypto
Popular Trading Indicators (Simply) ExplainedEvery full-time trader knows that rule number 1 in this business isn't to make money; rule number 1 is: don't lose money. Hence, any successful, long term trading strategy must inherently focus on managing risk. I know that lately the word risk carries next to no meaning, and that's because the more risk you take, the more you're rewarded, while those who manage their risk, and are potentilly risk averse in general, pay the price (in purchasing power terms). Having said that, in this context, trading with risk in mind is critical to following rule number 1, and it's essential to managing your risk exposure, and creating a sustainable, successful trading strategy. Moving averages (MA): Sifting through dozens of mathematical functions to help understand, and predict price action can be very challenging. But, having an understanding of why we use certain indicators is a great place to start. Let's begin by talking about MAs. The name is self-explanitory, of course, and it's not much more complicated than that. When we're looking at a MA, what we're seeing is an average of the price over a specified period of time. Now, you could say that using a 20 day simple MA is better than using a 21 day exponential MA (which places more emphasis on recent PA). But, this is a moot conversation, because we don't actually know what they mean until we explore what the MAs reveal for the timeframe being analyzed. By knowing and focusing on industry standard MAs, we can see what larger institutional desks might be seeing, and those MAs include the 20 day MA (20DMA), 50 day MA (50DMA), 100 day MA (100DMA), and the 200 day MA (200DMA). When we apply these MAs across multiple timeframes to derive a thesis on price action, it all starts to make sense, and you can see these industry benchmarks being respected on the longer time frames, clearly. However, when you look at price action post 2008, it's almost as if the intraday MAs are seemingly ignored completely. The HFT EFT flows are so heavy and they distort price so drastically, imo it's a losing battle trying to day trade based on intraday MAs. Relative Strength Index (RSI): The relative strength index (RSI) is a great momentum indicator used to gauge whether or not a financial instrument is overbought or oversold. It's analyzed as a line graph with a range of 0 to 1, the latter being the top of the range, with overbought conditions identified at a value of greater than 0.70, and oversold conditions being observed with a value of 0.30 or lower. These polar extremes often indicate that a reversal is about to occur. Fibonacci Retracement (Fib): The Fib is a very popular and is used to gauge the magnitude of a price retracement. For example, if a stock falls 25%, and then bounces hard on high demand, we could apply a Fib to benchmark the move against previous, similar moves. How the Fib works, is it uses a mathematical formula which adds the previous two number together to get the next. For example, starting at 0, the Fibonacci sequence is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, etc.. Within the Fib indicator, there are 5 key levels to watch after you've applied the 0 and 1 ranges to your price move, which includes the 0.236, 0.382, 0.5 (not officially included but useful), the 0.618, and finally the 0.786. Typically, I divide the asset price by the money supply (M2), to find tradable Fib levels (a lot of price distortion currently as I mentioned). Volume: When the price of an underlying security changes, what we're witnessing is the demand and supply (discovery) process. While this does tell us a lot, volume tells us the power of the move, and hence also the weakness of a move. For example, when we're seeing price rise as volume falls, the power of the move is diminishing, therefore it tells us that the move/trend could be nearing exhaustion. Placed together with other indicators that may also be flashing "red" could help us make better, and more informed decisions. In forex, however, volume points to the number of price changes which occured within the specified time interval. This is a bit different than stock or bond price volume, but essentially speaks to the depth of the market as well as the participation rate, just as it's peer does.
AMEX:SPYEducation
by Hedge_Of_The_World
4