Bitcoin to 80,000$ in mid range (FIB)This idea is built on FIB retracement and depends on the current pull market nature
Thank you
Fib
Where Will The Bird Land?Where is TWTR going to land? Seemed to hold that 47.5 area incredibly well...lot of buyers coming in there to pick it up. But then we see the seller pressure come in around the early 49's. Ultimately I think we make our way back up to the 52-53 area this week, but I want to see a goo confirmation above 49.5 before I enter. Shorts if we break 45.5 but I don't see that happening unless we get more bad news. 10% seems to be a healthy enough correction for a company like Twitter.
Please leave any comments or feedback below! I'm relatively new to charting.
BTC long tradeBitcoin long trade opened at the daily orderblock, in confluence with the 61.8% fibonacci retracement. The fibonacci extension levels are my take profits.
ETHUSD NEW ATH TARGETETHUSD we have seen a great push up along side bitcoin.
One doing well helps push the other crypto currency forward.
Anyway a break of ATH which I am anticipating to happen we should see ETH go to target price of 2065.
Waiting on confirmation of break before entering trade personally thanks.
BNB USDT: HOME OF THE SHITCOINS1. Long as close to 40$ as possible. 0% Funding rates and in price discovery, what more do you want?
2. Invalidation with a daily close below double red lines.
3. Target around yellow lines for a 40% profit.
4. Do you really think the home of the shit coins is not going to have a mind blowing pump during ALT SZN?
btc fib level extension targets from fib levels from 2017 athprice discovery mode profit taking places , hopium or real?
Watching closely for new growthPrice has broken the current upward channel (Green lines) and approached the old daily resistance level,
the MA100 level on both the daily and the 4H, a previous support level and the 0.382 Fib retracement from the impulse movement to the upside.
All signs and indicators show a strong level of support here.
Will be looking to see if the price holds here and retests the green channel before opening a long position.
Analysis GJ Basic StructureHello traders, GJ is going back up to the top after coming from retesting from the support. The effect was from the Government shutdown from last week due market decrease. Thank you for reading!
XAUUSD - 3D FibonacciGold loves the 78.6, lets see $2000 again and cause some FOMO.
The fib now shows the last high at the start of Nov to be at the 61.8, the daily shows this clearer,
Ideally this high would be wiped out before we see a move lower.
Fundamentals may play a key role with this pair with election results being clarified this month (aka Trump W)
Bullish until if this 78.6 holds then we can sell this after receiving confirmation of a LH forming.
Going For It ETH/USD #Ethereum #eth $ETH #cryptoHere we see our weekly ETH USD chart from Bitfinex going back to 2016 . You can see ETH is just under it's .618 fib level near 850 . Are we going there ? It seems so . The .65 fib is around 900 and perhaps we go there or even higher . ETH is obviously on a huge run since March and still looking good .
How to Properly Use the Fibonacci Retracement ToolI've recently come across a lot of posts where the fibonacci retracement tool was erroneously used, and this gave me a good idea for an educational post.
Introduction: The Fibonacci Sequence
- Before talking about fibonacci retracements, it's important to understand what fibonacci sequences are.
- Fibonacci sequences are numbers that are equal to the sum of the preceding two numbers, starting with 0 and 1.
- So a fibonacci sequence would look like this: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on.
- The fibonacci sequence is also known as nature's code, as these numbers are commonly found among nature as well. The number of petals of flowers is a prime example.
The Fibonacci Ratio
- The fibonacci ratio is derived by dividing the numbers within the fibonacci sequence
- The 0.618 (61.8%) for instance, is approximately the value when we divide 21 by 34, and 55 by 89
- The 0.382 (38.2%) ratio is calculated by dividing a number by another number located two spots to the right.
- The 0.236 (23.6%) is calculated by dividing a number by another one three spots to the right.
- Just like the fibonacci sequence, fibonacci ratios are commonly found in nature as well, through flowers, galaxy formations, and spirals on shells
Fibonacci Retracement
- The fibonacci retracement is a tool in which horizontal lines are drawn to help traders identify support and resistance
- These horizontal lines are based on the fibonacci ratios
- Interestingly enough, just as the fibonacci ratios are commonly found in nature, they are also found in the market, reflected by charts
- A fibonacci retracement can be identified by connecting the swing high to the swing low of a downtrend, and the swing low to swing high of an uptrend
- The connection between the high and low points are where most traders get confused.
Application
- On the left hand chart, we can see that the swing high has been connected with the swing low
- As a result, we could identify possible resistance levels for Bitcoin's bullrun in 2019.
- Prices touched the 0.618 fib resistance level , and eventually attempted to break the 0.5 fib, but failed
- We can also see that the 0.382 and 0.786 levels played a key role as support and resistance
- On the right hand chart, we can see the swing low connected to the swing high
- Based on the fib levels of this retracement, we could identify strong support at the 0.786 level, around $4k.
Conclusion
The fibonacci retracement tool can be a very effective way to identify areas of support and resistance , but they need to be applied correctly. Don't forget to connect the swing highs and lows based on the trend!
If you like this educational post, please make sure to like, and follow for more quality content!
If you have any questions or comments, feel free to comment below! :)
BTCUSD - Correction (at least) Time for a correction ...
What goes up fast, comes down fast, This is the rule of nature whether you like it or not. The higher it goes, the harder it will drop.
BTC is and always will be the pioneer of Cryptocurrency ... but this doesn't mean it is the best cryptocurrency.
Spike to 30K is possible then a correction is way overdue.
Trade with proper risk management.
Happy New Year and Good luck. :)
NNOXit got out of the triangle yesterday, and did +11%
now, it looks like it is doing a pullback following the 0.5 fib's retracements, after hitting the $53 resistance.
the red line is what I expect is gonna happen.
trade well.
DXY 6H - EOY Bullish MoveFollowing my Daily chart on this chart:
This intraday fib adds up to see a push up to 93.5 before we get an idea on who tf won this election, Jan 20th.
From there I would expect the $ to continue crashing, just an idea.
I would not trade this as it is going against a heavy downtrend since March though it is good to add it as a confluence to other pairs.
If this bullishness holds up this week I would like to see it continue for the first weeks in January.
See how the year ends...
XRP 15m - $0.48 Soon (Intra-day)More fibs aligning within the higher time frame ones
Weekly 78.6 - Thick Red Line Below .27
4H 61.8 - Thin Black Line
15m - Retracements
These have been tapped and closed on quite precisely, should be a good week...
GBPJPY LONGWith this I am targeting previous highs.
I'm looking for a break and retest of the monthly zone, before entering long. That would be my first trade, I would take profit after the initial bullish run, unless it just moons on me.
To further believe that we are going up long term I would wait for a retest in the circle, where both monthly zones cross and enter again. My stop loss would be 20 pips very tight.
We've already broke the 50 fib level marked on the M timeframe, and my final target would be the 61.8. I see price breaking above this target and retracing down. If we are going up I don't see it breaking back down below the 50 fib level.
As long as I'm waiting for the setup to happen, there is no loss if price goes short.
$BTC Long 1D TF Sup/Res Fib. ExtUpdate from my last published idea.
My target of ~$26,000 hit and I exited half of my long there. As this is new ATH territory for $BTC there is no chart history to find the next resistance. That being said, I'm utilizing the Fibonacci extension from my 1W chart on a previously published idea and psychological resistance levels for my next targets.
$30,000 is the obvious resistance.
If there is a back test of $26,000 and a failed attempt at support I will exit the rest of my position. Otherwise, I will hold until $30,000 is hit and reevaluate.
GOLD possible scenarios 🦐GOLD after the last run until the descending trendline starts a retracement move.
The price hit the 1905 area and now looking for a retracement.
IF the price will break below the daily support we will look for a short position.
IF the price instead will bounce over the daily support near to the 0.5/0.618 level we will set a nice long order according to Plancton's strategy.
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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
Leave a comment that is helpful or encouraging. Let's master the markets together
long theta BINANCE:THETAUSDT
Combination of Fibonacci and Ichimoku cloud
And not to forget Martingell.
