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Fibbonacchi

Crypto market pulse check pt.1 Bullish?My first video analysis I go through this watchlist every few days to get a feel for market sentiment, here I've skimmed over about half the list, but it is due for an update - what should I add? Making posts for every chart takes way too long. video make's it easy to smash through the charts so If there's something you want charted let me know. D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
BINANCE:MANAUSDLong
by TribeWriter666
2
VAL - Sora Validator TokenThis chart is a creative venture. I did something a little different. I pulled a volume profile for the entire uniswap history of VAL token. I then pulled a FIB range on that revealed VAH and VAL area (value area high, low). It is creative in the sense that I want to see if the total buying and selling data from the volume profile will be respected in the future with external market conditions. It all plays together but so do the minor details. So it's a bit predictive in nature but no guarantees, and no fortune telling. I will make other charts on VAL but for now I will start here.
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by Altisona
2
Bitcoin's Recent Battle with Fibbonaci🛡️Hey there, crypto enthusiasts! Let's take a closer look at the recent Bitcoin pump that didn't quite take off as expected. It turns out, we encountered a significant resistance level at the 0.5 Fibonacci retracement on the Fibonacci retracement tool. 📊💡 🌐 The Fibonacci Fascination: Before we delve into the recent action, let's touch on the golden tool of technical analysis – the Fibonacci retracement. It's a tool that helps traders identify potential support and resistance levels on a chart based on the Fibonacci sequence. 💰 The Golden Ratio: In this case, we're talking about the golden Fibonacci retracement, the 0.5 level. This level is often seen as a crucial point on the chart. When an asset like Bitcoin retraces to this level, it can act as either strong support or resistance. 📈 The Recent Pump: Bitcoin recently experienced a significant price pump, and many were hopeful that it might lead to a substantial rally. However, the price action encountered resistance right around the 0.5 Fibonacci retracement level. 🛡️ The Battle at 0.5: This level represents a critical point where traders and algorithms make decisions. It can be a make-or-break point for a potential bullish run. 📊 Fibonacci in Action: To use Fibonacci retracement, simply select the tool on your trading platform, and then click on a significant swing low and drag to a swing high. The tool will automatically plot the retracement levels, including the golden 0.5 Fibonacci retracement level. 📚 Fibonacci Tips: When using Fibonacci retracement, keep these tips in mind: Look for confluence with other technical indicators. Consider it a tool in your trading toolbox, not a standalone strategy. Combine it with your overall trading plan and risk management. Remember, while Fibonacci retracement is a powerful tool, it's not foolproof, and market dynamics can change rapidly. Stay informed, stay adaptable, and keep honing your trading skills. 🔄📈
Education
by AlexWhale
Trading RSI Divergences LIKE A BOSS (I may have failed you)Get your copy of the Free Heiken Ashi Algo Oscillator I'm not going to lie. There is WAYYY too much technical stuff to type up in this for you guys. its best if you watch the video. Always Always Always ask questions below. I am always more than happy to show you what's what. This is some UPPER LEVEL STUFF in this video and i know a lot of you won't fully understand it but i want you to understand what it is that you DON'T KNOW about. Unless you know these things, you won't know what questions to ask about. So here we go. Let's get into it. Trading the RSI Divergence like a BOSS After the RSI Divergence is found: On the chart: (KEYS) 1 = last HH 2 = current HH 3 = 1st HH Closing Price 4 = Confirmation of candle closing BELOW 1HH close price 5 = Find your targets 6 = Pinpoint any target with multiple confirmations Steps to take: 1. See last Highest High 2. Draw a line across the last Highest High close price. 3. Confirm second HH is higher price but lower RSI value. Now wait.... 4. Wait for candle to close below price of step (2) 5. Enter SHORT if (Heiken Ashi Candle is closing RED) 6. Your 50ema is Take Profile #1 (Set it up) 7. Your swing high is your stop loss 8. What does the RSI Formula tell you? Is it in the positive? So what! Use the same numbers but trade SHORT. Yep, that what i said, TRADE IT IN REVERSE! This is Take Profit #2 9. Do the Fibonacci trick to confirm which is closer (tp 1 or tp2) 10. Look left for the most recent area of Liquidity. It's a candle with a long wick up or down where price reverses sharply. 11. Scan the Algo for a price level WITH volume. You have found your target. Adjust your take profit and walk away.
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Education
by CoffeeshopCrypto
81