UJ: “618” fib Setup on “Limit” Entry (22/100)System has identified a “618” Fibonacci retracement setup and executed a buy “limit” entry during the second hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
Fib
UJ: “618” Setup on “Limit” Entry (19/100)System has identified a “618” Fibonacci pullback setup and a “limit” entry was executed during the second hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
BTCUSDT.P | 0.618 Fib-level holds: price up three days in a rowBTCUSDT.P is (finally) up a bit. The weekly 0.618 Fib-level has held as support and now the chart shows three green daily candles in a row. That has been a while...
Price also broke the daily (downward) trendline.
That's the positive.
But on the other hand...
Price is now facing a big FVG (Fair Value Gap). Above that the 21 weekly EMA resistance is creeping closer. The weekly (downward)trendline (dotted) also has yet to be broken.
Once BTC has broken all of these, there's a bearish order block (red) waiting at 30.000ish.
So: price is up, but where not out of the woods yet.
EQT- Going LongAfter being shorted to the N'th degree, and finally breaking out of the downwards channel EQT has been holding, EQT is seemingly consolidating here within a symmetrical triangle, as buyers continue to step in.
After breaking out of the downtrend, EQT has formed an inverse head and shoulders on the daily timeframe, along with finding support right in the FIB golden pocket, accompanied by a SMA golden cross. (See Attached Chart Below)
Will be keeping a close eye on the daily timeframe to start building a position in some synthetic longs and/or leaps. Bullish and am looking for another push upwards from here.
BTCUSDT: Weekly range still intact. OB at 24300 - 25250 holds...BTC flash crashed about 15%.
We lost the weekly EMA21.
Weekly range (HoW and LoW) is still in tact though.
0.618 Fib level at 25.879 is acting as support for now (disregarding the wick).
The OB at 24.300 to 25.250 is holding (for now).
If that breaks more downside is to be expected. Target is the 0.786 Fib at ca. 20.000.
LINKUSDT: looking for shorts8 USDT is resistance on the Daily and the Weekly.
There's a Trend-based Fib resistance around 7.85 USDT on the weekly.
The 7.85 - 8 USDT area is also a "bearish" order block/FTA (first trouble area) on the 8H.
"Bearish" order block/ FTA = last green candle before downtrend.
It's the area where price has a (relatively) strong reaction to the downside (bullish order block is vice versa).
This level also aligns with the 0.786 Fib resistance.
Let's see if price reaches these levels. Might not get higher than 7.7 USDT.
On the 8H there is a bearish order block. And 7.7 USDT is confluent with the 0.618 Fib resistance.
BTCUSDT: still on trackThe scenario for BTCUSDT I posted earlier is still in play.
BTC retraced a bit to levels of (daily) support. Around 29.500 USDT
This is near the 0.618 Fib-level (golden pocket).
The EMA50 is at 29.350 USDT at the moment.
The daily trendline to the downside (dotted) is broken. A new daily trendline to the upside might be forming.
Let's see if we continue to go up :)
BTC cant make up its mindSteadily creeping upwards for months now. BTC has hit the major level around 30k.
This resistance level is psychological (30k), it is the support we found in the summer of 2021 and it is also a .618 FIB level from the top of 2017 to 2019 bottom.
On the weekly BTC has been in an upwards trend (gray trend lines)trading above the Bullmarket support band.
There is a chance we crab more here and pop out to the upside which i believe will lead to 33k first and then 38k. Before that 27k not out of the picture. Break 26k and we see 22k.
Personally i think BTC will ultimately scoop the lower levels near 20-22k but first we need to trap more fomo longs, so move up to the 30s, trap longs, then blackswan/crash before halvening as is tradition.
NZDJPY 4HIn technical analysis, Fibonacci retracement levels indicate key areas where a stock may reverse or stall. Common ratios include 23.6%, 38.2%, and 50%, among others. Usually, these will occur between a high point and a low point for a security, designed to predict the future direction of its price movement
Market Structure + Orderblock + Fibonacci Retracement = FailedMarket Structure + Orderblock + Fibonacci Retracement = Failed
Here's why:
Trendlines, S/R Levels, Chart & Candlestick Patterns are still relevant.
Trade could have worked. It passed all the other criteria (market structure downtrend + bearish fib ret ote zone + bearish ob).
It was just a right trade at the wrong level.
Bitcoin Halving Fib EstimationHere we're dealing with fib levels derived from macro low & high price levels, specifically covering historic ATH levels.
Log scale on because we put emphasis on chart-based A/D in percentages.
Identifying critical points of fractal starting from times of eye-catching volatility and perceptible cycles.
We start with fib coverage of ATHs chronologically:
1st pair interconnected:
Added layer of 2nd pair interconnected:
Covid low - current ATH interconnectedness:
Zeroing in -77% drop:
Since we care about reducing subjectiveness in Fractal Analysis, we must place Fibonacci Channels on pin point accuracy (0;1). It is done so because of various concepts considering irrational market, uncertainty and assumption that nobody can be always right predicting market with regular TA. Since popular TA is already used among millions of traders, we definitely can't be competitive if we stick to common knowledge of standard wave counts, etc.
Fractal analysis summarizes collective market in terms of interconnectedness of the whole structure with composite short and long term cycles. Here we care about if the Golden Rule behind the waves allows for any desired move.
Since human nature and decision making even outside of trading is determined by golden rule (bench experiment, DNA, proportion of body and organs). Knowing that Fibs are pleasing proportion for a consciousness. We can use this rule against the market since we're dealing with mass consciousness. Activity of which will draw patterns in respect to those proportions anyway. So our task is to expose the levels derived from actual structure to which price has reacted throughout the history.
That way fibonacci is tuned into the chaotic nature of the market, hence-fore it is capable of determining key price levels of support and resistance without use of subjective measurements.
It doesn't yet mean this is the only tools I use for trading. This just something I consider for long-term perspective derived from historic structure. Just like in QM, we can't tell the exact location of particle, but we can tell the probability where it most likely might end up. In FA probability of levels is priced at fibs.
BNB/USDT 4HInterval Resistance and SupportHello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line.
Let's start with the support line and as you can see the first support that is currently holding the price is $ 303.4, if the support is broken then we can see the price drop to around $ 274. At this point, it is worth marking a strong resistance zone from $ 304 to $ 297, taking into account the entire upward movement.
Now let's move to the resistance line, as you can see the first resistance is $ 313, if it breaks down, the next resistance will be $ 320.6, $ 326.4 and then we have a strong resistance zone from $ 332 to $ 341.
Looking at the CHOP indicator, we see that there is still some energy for the move, the MACD maintains a downward trend, while the RSI has touched the lower limit, which may give a temporary price increase, but in the longer term I expect a further correction.
GBPJPY BUY SETUP FINALLY ARRIVEDvia previous previous idea. we've been waiting for this setup! patience will pay off! lets wait for a bullish rejection candle off of the 50% or 61%. which ever works in our favor, we will take it! if we can catch a bullish rejection & a engulfing on the 30 timeframe, that would be perfect. if it respects the 50% place your SL below the 61% & if it goes down to the 61% then you would need to place the SL 30-50 pips below that level.
Daily BNB 4HChart - resistance and supportHello everyone, welcome to a chart review of BNB vs USDT on a four-hour time frame. First of all, using the blue lines, we can mark the local downtrend channel in which the price is currently moving.
Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the supports, and here it is worth marking the support zone in the first order where the price is from $ 315.5 to $ 305.8, the second support at the price of $ 296.3, and then the third support at the price of 282, $6.
Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first strong resistance at $317.6, then we can mark the resistance zone from $323.2 to $328.7, when it manages to break it, the next resistance is at $336.5, and then the fourth at $346 $6.
The CHOP index indicates that the energy has been used. The MACD indicator is in an uptrend. On the other hand, on the RSI we see a rebound to the lower part of the range, which creates room for new increases.
A Date with Bitcoin (Part 2 The Bottoming)The Confluence & Power of The Rings
Over the years Fib Rings have had the tendency to indicate high levels of Support and Resistance. From the recent past these 2 rings I have done there has been a slight glimpse to look into the future. Take of it that you will but the facts are in the chart. Review the major moves Bitcoin has taken over the past year (2021- present day), observe the timeline and price targets Bitcoin has had with respect to the bounds of "The Rings".
The Bottoming
As we approach 2 major Crossing Fib Rings and a confluence of Trend-Base Extensions, 300 MA and a measured move of 30% to the down side there are a few key dates to pay attention to:
Price Targets $17,549 > $16,200 (possible wick down to $13,839)
- July 5-6th we may revisit the same support in which we bottomed on the June 18th ring.
- From this, for a few days we may gain short-lived triggering a "double bottom" bounce.
- Towards 12-14th July I suspect we revisit the ring that kick started the whole 2021 bull cycle again. Marking a potential mid-year bottom.
As this indicates that there is a potential further decline, I am not ruling out that there could also be further downside in the weeks to come or, a bottom is already in. This theory suggests only if there is more downside and the dates to watch out for. Breaking either of these ring cross overs would indicator further downside or potential reversals. I will update this as we progress.