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Fibbonachi

Long BTC/USDTP - Potential MM's Weekend TrapLooks like a 5-wave Elliott wave move up, with waves 3 and 5 hopefully hitting over the weekend. Wave 0 starting during the NYC session/reversal, potentially offering-up a nice “market maker weekend trap”, topping-out at wave 5. If true, price should also retrace back down for the “midweek reversal” next week. Invalidation (stop loss) would be price closing below wave 0 (red S1 line on the CPR). Shout out to Tino @TradersReality Craig Percoco, @TradeTravelChill and Anup's magical CPR.
Long
by dimuthj
Analyzing Potential Price Reversal on Nasdaq Using Technical IndIn recent market observations, the Nasdaq has displayed a noticeable downtrend, reflecting bearish sentiment. To gauge potential price reversal opportunities, a combination of technical indicators has been employed. Key Points: Point of Control (POC): Analysis of the volume profile revealed a significant Point of Control (POC) at a specific price level. POC can act as either a support or resistance level, depending on price movements. Fibonacci Retracement: The 61.8% Fibonacci retracement level, a renowned area of interest, coincides with the identified POC. This confluence highlights the potential significance of this level as a reversal point. Strong Support Level: Concurrently, the price is situated at a historically strong support level. This enhances the probability of a reversal, as this level has proven resilient against downward pressures in the past. Volume Decrease: An observation of declining trading volume in the current price area indicates waning participation and market exhaustion. This phenomenon can signal potential shifts in sentiment. Implications: While these technical factors collectively suggest the possibility of a price reversal, it's crucial to exercise caution and consider additional elements: Seek confirmation from complementary indicators like bullish candlestick patterns, positive divergence on momentum oscillators, or trendline breaks. Stay informed about relevant news events that could influence market sentiment, potentially overriding technical signals. Implement proper risk management techniques, such as setting stop-loss levels, to mitigate potential losses. Remember that while technical analysis provides valuable insights, it doesn't guarantee future price movements. A holistic approach that integrates technical, fundamental, and market sentiment analysis is essential for making informed trading decisions.
OANDA:NAS100USDLong
by Mag_tha_Trada
USDCAD to find support at market 61.8% retracement?USDCAD - 24h expiry - Previous support located at 1.3525. Previous resistance located at 1.3600. The corrective move lower has stalled overnight and reacted higher from in front of the 61.80% Fibonacci retracement of 1.3525. We expect a reversal in this move. A move through 1.3560 will confirm the bullish momentum. We look to Buy at 1.3530 (stop at 1.3490) Our profit targets will be 1.3630 and 1.3650 Resistance: 1.3580 / 1.3600 / 1.3700 Support: 1.3525 / 1.3500 / 1.3475 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
FILUSDTAccording to the price chart, it is located in the overlapping area of ​​the Fibonacci price levels. And also the price is near a static resistance and a support trend line. According to the price pattern on the chart, the price is "probably" at the end of its corrective pattern. In my opinion, this correction pattern should end between the 11th and 13th of March. And the least I expect after the correction pattern ends is for the price to rise to the top of wave A or 1. But the main targets of this price increase are respectively $20 (100% Fibonacci extension of wave A or 1 from the bottom of the corrective pattern) and $46 (162% Fibonacci extension). And finally I see $183 (Fibonacci extension 262%).
Long
by Mr_elliottt
AAPL Limited upside short term? Apple will have its day at new highs and that's what long term investors need. For those of us that are looking to make short term money, I'd say that it looks like aapl wants to test that 61.8% near 160 before starting a deeper decline. There's still a lot of bears out there evidenced by the options open interest through March so this will take a while if it happens at all. I'm looking for a target between 113-110 and am willing to wait a year for it to hit.
NASDAQ:AAPL
by bitdoctor
Dont be fooled by the pump!!!!!Bitcoin has no value. Its value is made by human emotions. What happens when humans enter the depressive state of mind? Bitcoin will no longer be supported nor be interesting. Last time I posted on Bitcoin, I said that the narrative that would drive the price down was corona. And i quote: "With this corona bullshit..." This time the narrative will change. WAR and INFLATION will drive bitcoin down this time. WAR and INFLATION will make people enter a depressive state of mind. DXY will be pumped (WAR will cause this) = Bitcoin dumped. Short the next pump to 25k and join me on this ride to the ashes. "What has been will be again, what has been done will be done again; there is nothing new under the sun." Ecclesiastes 1:9 Thank you!
Short
by Chew5Gum
8
DXY - The Rise and FallA nice view of the last run up and ongoing fall back down As the dollar continues this channel pattern guided by structure left on its way up; the next move should be a push from around 101.3 - followed by a rejection at 103.5. A move down from that area should be enough to drive back to 100. Structure and the -0.786 Fibonacci extension line up nicely through this run providing good confirmation as a respected trend peak. If following a similar five wave pattern as we did upwards - then we have one more leg down before the channel is broken with its 5th move. Below 99.50, we may begin something not (yet) as predictable. And of course, there's also the possibility that what we think is predictable...is not Happy trading - stay agile
TVC:DXYShort
by Scott_The_Chartist
The Revival In the past two weeks, the market has seen a significant increase in bullish momentum leading many to believe that the proposed ‘echo bubble’ that many predicted for 2023 may indeed play out. It was initially unclear what was driving this momentum but the market gaining confidence that CPI will continue to decrease, as well as a temporary liquidity increase thanks to the ongoing US Debt Ceiling increase crisis, seem to be important factors. The U.S. CPI data published on the 12th of February was in line with expectations with a 0.1% reduction. There is evidence to suggest that if CPI inflation continues to fall in 0.1% increments M/M, and if recessionary predictions play out as expected, then the FED could potentially hit its 2% Y/Y target as soon as May. An important thing to note is that this was the last CPI print that will be calculated based on the current methodology that considers two years of data. February’s data will be calculated on a single year of data meaning that future 2023 CPI prints will be based on consumption in 2021 alone. Considering 2021 data instead of 2020 and 2021 will likely bring the upcoming CPI numbers down leading analysts to believe that the FED is indeed engineering a pivot. One event that could temporarily put a halt to the rally is that Genesis, the parent company of Grayscale, is said to be planning to apply for chapter 11 bankruptcy as soon as this week. It’s worth noting that the discount on $GBTC has widened to -43% over recent days after it had climbed back up to -36.5% following the December lows. Many analysts feel that the market already has this event priced in, however, it is certainly something to keep an eye on. From a technical perspective, Bitcoin broke out from the falling wedge pattern and ripped above $20,000. Bulls will be hoping for a weekly close above the $21,000 resistance which would light the way towards $28,700 which is the prior head and shoulders neckline and 61.8% Fibonacci retracement level of the $3,782 2020 low to $69,000 2021 high. Bears will support the prediction of Elliot Wave theory that the observed rally is part of a Wave 4 correction. This means the market could potentially still have a Wave 5 selloff to come which would test the lows. The above Bitcoin weekly chart shows that the bullish momentum the market is experiencing in 2023 lies within the boundaries of Wave 4 meaning that the market may not be not out of the woods yet. An important event to watch in the coming weeks is the FOMC meeting on the 1st of February. Following this meeting, the FED will release projections for the Federal Funds Rate in the coming quarters which will have a significant bearing on the short-run market direction. Volatility will be high around this time and caution should be exercised when entering positions.
by Coinrule
1
Cardano short target 0.2636Hey trader! This technical analysis discusses how the price of Cardano could potentially decline to a lower price target. In the analysis an Elliott Wave is made as the resistance levels become lower. The start of the first wave starts at the resistance level at 0.5947 . After the first wave, the waves get progressively lower indicating a bearish trend. At the end of the Elliott formation , the strong support level at 0.3233 appears, where the price is close to break and enter a fall below the strong support . This fall, according to an applied fibonacci line , could indicate that the price should fall all the way down to the target at 0.2636. The analysis uses the following background indicators to inspire the execution: Day Buy Sell Volume Label, VSAR Visual Signal ActivatoR, & RSI background.
Short
by Aksel_Rom