Fib
Bitcoin Head and ShouldersBitcoin has been in a nice range for the last couple of weeks, however it looks to have painted a H+S with a broken neckline. Targets and trade set ups shown with stops and invalidation levels. If the neckline is reclaimed, I would look for a long to reclaim at least 0.5 fib for first TP and second TP range high.
SHI/WETHGood fib confluence on the wave tops and same extensions as the first pump, so its possible we get a deep fast 4 wave now, which would satisfy the rule of alteration between waves macro 2 and macro 4, and then a 5th up to the 1.618 of the third
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see, first we have a support zone from $6.66 to $6.57, if the support is broken then the next support is $6.45 and $6.29.
Now let's move on to the resistance line, but first we have a resistance zone of $6.82 to $6.95, if we manage to break it, the next resistance will be $7.08 and $7.27.
Looking at the CHOP indicator, we see that most of the energy has been used, the MACD is close to entering a downtrend, while the RSI indicates a strong reaction, which creates room for increases.
GOLD new lows?SAXO:XAUUSD
English: Hey traders, at the moment, I'm eyeing a move back to the main level of 1900 in gold. In the 4-hour view, gold has reached new lows and is forming a small downtrend. I recommend using the Fibonacci tool to analyze the gold chart. If we apply the tool in the 4-hour view, we can see it has come directly to the 61.80% level and has been slightly rejected there. If the 4-hour gold candle closes around 1928, we may also see a bearish candle formation, further strengthening our confidence.
Deutsch: Im Moment suche ich eine Rückbewegung zum Hauptniveau von 1900 bei Gold. Im 4-Stunden-Chart sehen wir, dass Gold neue Tiefststände erreicht hat und einen kleinen Abwärtstrend bildet. Daher empfehle ich die Verwendung des Fibonacci-Tools, um den Gold-Chart zu analysieren. Wenn wir das Tool im 4-Stunden-Chart anwenden, sehen wir, dass es direkt auf das 61,80% Niveau gekommen ist und dort leicht abgelehnt wurde. Wenn die 4-Stunden-Goldkerze um 1928 geschlossen wird, können wir auch eine bärische Kerzenformation sehen, was uns weiteres Vertrauen gibt.
Dollar reversal or retracement?TVC:DXY
English: Hey Traders, I'm currently looking at the 4-hour chart of DXY. Due to the negative news on 01/31/23, we saw a retreat from new highs to the main level of 102.000. I think this could be the start of a new uptrend for the dollar. For tomorrow, I see a bounce at the 4-hour fib. to possibly 102.900 at best. But for this, the dollar news must also be positive. Otherwise, we could return to the lows of 101.600, I think. However, there's important news tomorrow. So be cautious! These news can change direction rapidly!
German: Aktuell schaue ich mir den 4-Stunden-Chart des DXY an. Aufgrund der schlechten Nachrichten vom 31.01.23 sahen wir einen Rückgang von den neuen Höchstständen auf das Hauptniveau von 102.000. Ich denke, dass dies der Beginn eines neuen Aufwärtstrends für den Dollar sein könnte. Für morgen sehe ich einen Anstieg am 4-Stunden-Fib. auf vielleicht 102.900 im besten Fall. Aber dafür müssen auch die Dollar-Nachrichten gut sein. Andernfalls können wir zurück zu den Tiefstständen von 101.600 zurückkehren, denke ich.
NQ CME_MINI:NQ1!
day trade/scalp
after bouncing from the previous circled low, at 11600
it is forming a downward channel
needs to break out of that in due time to see upside
ERs might give the push
R2 11910
R1 11850
and
S1 11720
S2 11680 (the previous base before it had a flag breakout)
will look to short above resistance lvls
P2P | DXY - Lets Finish This...Alright guys and gals so I wanted to post this chart to detail the movement of the dollar index.
For some time we've been bearish and following the downward Fib levels. I can see price making equal lows which tells me price could be attempting to turn around or just building up more buy orders to sell off!
The small white trend lines you see are Turtle Soups, meaning price made a short high, and then that high was eventually taken out and continued lower.
So my final level on my Fib is my POI, where I believe price will reach and immediately turn around. It's all about levels, price action, and time sequences.
But as always everyone happy trading, trade well, and lets run it up from 2023 til infinity!
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DISCLAIMER
***This page is for educational purposes only and is not intended for any financial arise. I am not a financial advisor nor do I manage any other accounts for users. Any trades you take will be of your own doing and P2P will not be held responsible.***