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Fibchannel

ADA/BTC Fib Channels Looking for a good entry on ADA on the bitcoin pair: Goal is to outperform bitcoin this coming bullrun. Started with drawing some trendlines - cloned the best fitting ones to get the channels to appear. i have drawn 3 fib channels - the middle one is the impulse structure which i have cloned to current price as of March 23rd. If ADA breaks out - best case scenario - it could outperform bitcoin by a factor of 3. A drop lower very well possible too. Other altcoins might offer better results. No investment advice.
Long
by slayerpossie
1
BTCUSDT - Trading Range (Retest)2Hour Chart - UTC+1 My best effort attempting to draw a trading range that the price if currently retesting to enter back into the range. Will create a separate chart idea for a possible trading range should we continue to the upside. Trading range: Bottom 21,500 Top 24,300 and Middle 22,900. At the time of writing, possible retest of the top of the range. Not having yet hit the weekly at 24,295 could possibly be a signal for a front run however, levels between this weekly and daily levels above seem to be well respected. * The weekly was tapped. Nice reaction, lots a resistance above after recent daily action. Fibs: Fib Channel from low on Saturday 14 Jan at 11:00, to low Mon 13 Feb at 17:00, to higgh Thurs 2 Feb at 01:00. Fib Retracemet from low Mon 13 Feb 2022 at 17:00 to high Thurs 16 Feb at 17:00. Interesting level is 0.618 about mid of the channel including a daily an nPoc. Assumptions: All monthly, weekly, daily, and nPoc Horizontal rays act as support and resistance levels. Support when price is above and resistance on price action below. Fib channel also used for indication of past and present possible support/resistance levels. My bias: Bullish for a break to the upside. Plenty of price discovery above should the range be broken to the upside. Although bias I'm always trading the levels as they come.
by hmaroudas
BTCUSDT - Trading Range (Possible New)2Hour Chart - UTC+1 My best effort attempting to draw a trading range that if the price breaks what I think is the top of the previous range, will form a new range. Trading range: Bottom 24,300 Top 28,400 and Middle 25,700. At the time of writing, possible retest of the top of previous range. Having hit the weekly at 24,295 could possibly be a signal that we continue this new range, keeping in mind the daily resistance levels above. Fibs: A continuation from last range. Fib Channel from low on Saturday 14 Jan at 11:00, to low Mon 13 Feb at 17:00, to high Thurs 2 Feb at 01:00. I have drawn 2 Fib retracement levels, and using them for Fib Expansion levels to determine possible support and resistance levels for price action above. I am doing this because between the range, either price went up very quickly or, went down very quickly. This has not left much for support and resistance as far as monthly, weekly, and daily horizontals are concerned. Interesting that both Fibs extend to top at Fib expansion 2 same price range and top. * For both Fib retracement levels I'm using the expansion levels at 1.133, 1.272, 1.414, 1.618, and 2 as support/resistance levels. Indicators as new price discovery levels where there are no timely support/resistance levels. Particularly of interest where there are intersections with timely support levels, such as 1.133 and daily at 24,631. - Fib retracemet (Extended line to the right) from high Thurs 2 Feb at 01:00 to low Monday 13 Feb at 17:00. 1.133 already proven to be a fair enough resistance and possible support. 1.272 seemingly a resistance level. - Fib retracemet from high Thurs 16 Feb at 17:00 to low Friday 17 Feb at 01:00. 0.382 (inverse 0.618) had a good reaction to the upside. 0.618 (inverse 0.382) noticeable resistance. 0.618 a nice alignment with other fib level 1.133, may be an indicator of flipping resistance into support, and good setup for the daily at 24,631 (just an idea). It's worth noting that Fib 1.618 in the previous run up and in the previous range, was the middle of the range for that range. I have chosen to be conservative and rather let time play out before calling it a middle in this possible new range. If this were the case, it would change the top of the range to what I think at approximately 28,600. Assumptions: All monthly, weekly, daily, and nPoc Horizontal rays act as support and resistance levels (* dashed lines are ends of wicks on the retrospective level). Support when price is above and resistance on price action below. Fib channel also used for indication of past and present possible support/resistance levels.
by hmaroudas
BTC : 3Day Heikin-Ashi Log + 1Day 300 SMA + Fib ChannelHere we take a look at BTC heikin-ashi candles on a 3 day timescale, the 1 day simple moving average with a length of 300, and a fibonacci channel, all on the logarithmic price scale. Of note, is the candle behavior in relationship to the 300 SMA, before and after BTC reaches its' peak during the 2013 and 2017 bullruns, and how that behavior can be analyzed and applied to the current bull run. We see that leading up to the 2013 peak, as well as the 2017 peak, BTC stays above the 300 SMA as the price rises. We also see that after both of the 2013 and 2017 peaks, BTC drops below the 300 SMA : Now, if we look at our current price action, we can see that BTC has dropped and hit the 300 SMA, and has managed to stay above it : If we look at April 2013, we see BTC came close to hitting the 300 SMA after a significant peak, but it continued to rise into late 2013, when it finally concluded its' bullrun, after which, BTC did drop below the 300 SMA : One may conclude that if BTC drops below the 300 SMA during this current bull run, we can assume that the current bull run is over, and it may be some time before the we see another bull run. If BTC manages to stay above the 300 SMA, we can assume that the current bull run will continue on (like it did in summer 2013) most likely until the end of the year, and reach another new ATH. Thanks for checking out the chart! Feel free to like and/or comment... it is much appreciated. // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
6
Multi-year Wyckoff patternAt this point in time we still need to confirm our ST - but as we are currently highly oversold I'm expecting a bounce here. According to Wyckoff, this bounce should then bounce us all the way up to the AR level - after which we expect to fall down and ignite that spring reversal. I'm expecting the spring to be around the 20k level as it will break the 200 weekly SMA to shake out weak hands and create max pain whilst still maintaining market structure by staying above the previous ATH. As the title suggests, this pattern will take years to play out - giving current financial, economic and geopolitical adversities a chance to cool down and providing unseen opportunities for institutions to get in at a low price when regulations are finally set in place. I wouldn't be surprised that when the spring occurs, the fed will pivot dovish, a physical BTC ETF will launch and geopolitical unrest cools off - all around the same time, creating a bull run unlike any other; finally passing the chasm on the adoption curve.
INDEX:BTCUSDLong
by SD_tradeview
BTC what is on the way 3Hello Birdies, BTC on the fib channels and what it is showing. Let's talk about the blue line first BTC twice hit that line and shows a fall of 7%-9%. RIght now it is trying to break it again once it is broken, there is a resistance ahead This resistance previously was a support but BTC unable to hold it and fall from it 3 times the last time it join hands with blue fib line the latest crash. After that we have another important resistance line which caused BTC to fall from 48k. We feel this line with the next red fib line will be the cause of most awaited short. If broke, the next resistance line is the shadow of ATH. So for all the moon boys you are targeting 50k I don't feel we are going there before going to 30k or 22k. One more thing if this blue fib act as a strong resistance again we may visit 37k-38k
by BlackBirdTrading
8
Shiba Inu: Moon Soon? (Fibonacci Channel Inside)Hey everyone, let’s do a multi-timeframe analysis on Shiba Inu today. We will use top-down approach along with the Fibonacci Channel on the log chart. Daily: Currently in downtrend, forming lower lows and lower highs, consolidating in a parallel channel and has broken out, but still with a less volume. It has much probability to reverse back to the channel, it might consolidate outside the channel for a few days, I will show it to you on the Fibonacci Channel. Let’s draw a Fibonacci Channel on this downtrend. For drawing a Fib Channel on the downtrend chart, you have to select the first high of the trend, then the next high, and the third point should be on the low in between these two highs (Check out the A, B and C points in the chart). Now you can lower your timeframe to get into a trade according to these lines. Here we can see, it has broken the channel and has hit the first target of -0.618 level. For the next level, it should take a pullback on the lower timeframes, which has a less probability. In this situation, price might consolidate between the 0 to -0.618 level. It might use this 0 to -0.618 zone as a new channel. 4 Hourly On the four hourly chart, we can see some better volume than the last few days, and the formation of Doji candle indicates a trend reversal and we can see a bullish pinbar candle forming here too. I’m bearish here and you shall also check the work of Fibonacci Channel in the below image, price is respecting it. You can use this channel in any trending market. 1 Hourly We can see 3 bearish engulfing candles, which is an indication of bears incoming and the volume is decreasing too. P.S. I’m using Log charts here. I'm sharing the links to the Fib Channel Ideas, do check them out. Hope you had a good time reading this ;)
Short
by theTAguy