Get started

Fibchannel

Filecoin Analyze!!!I hope that you could take profit from this market that you are seeing now :) . I want to publish an idea bout Filecoin today. Location: Probably we are on the start way of the Main wave 5 , We have to try to find the End of Main wave 5. The End of it can be around our clusters that you are seeing on FILUSDT Chart , even I tried to find TRZ (Time Reversal Zone) zone on our chart. Cluster 1 : 191$ - 194$ (AB=CD Bearish harmonic pattern) Cluster 2: 208$ - 213$ (Fibonacci's Cluster) Cluster 3 : 225$ - 228$ (Bearish Shark Pattern & Resistance's cluster) Cluster 4 : 232$ - 235$ (Bearish Shark Pattern & Resistance's cluster) Please Pay attention to pitchfork Lines & Fibonacci channel ) My Suggestion: you can Find the best Triggers for open Long positions. You can find information about Swipe on coinmarketcap.com Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas on this post. Please do not forget 'like' button :) & Share it with your friends, Thanks and Trade safe. Good luck
Long
by pejman_zwin
COIN : LOSTCOIN seems to have lost its way this week. After last weeks mostly horizontal movement which could have eventually lead to some modest ascension, this week has proven that COIN is still struggling to find reliable horizontal support, starting off at around $300, only to drop to $275, followed by $250. Any significant upward price action has been met with heavy resistance, followed by even more substantial downward price movement, and each major peak has been lower than the previous. The particular downward fib channel used in the chart shows COIN barely managing to break the 0.236 fib, and not being able to clear the 0.382 fib at all. And as for the 0.236 fib showing any support once it's broken... well, there hasn't been much of that either... the zero fib line has been the only thing between COIN and the bottom of a deep ocean. COIN ended the week like a bicycle with no one on it that was pushed down a long steep hill towards a ramp... and while it did manage to hit the ramp and get some air, the finale was hardly thrilling... a jump to $264... about $14 above its all time low of $250. As usual, I'll be keeping my eye on COIN. Just watching it, charting it... the lower it goes, the less expensive it will be if I were to make a move. I still think that there is an opportunity to profit long long-term here... it's just a matter of when. // Durbtrade
NASDAQ:COIN
by Durbtrade
5
fibonacci extensions / retracements - how to and where to applyFibonacci tools are in general a method of technical analysis for determining probable support and resistance levels calculated using ratios (23.6%, 38.2%, 61.8%, and 78.6%) that are derived from Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, …). Fibonacci levels are presented in variety of forums, such as horizontal lines, vertical lines, trend channels , fans , arcs, circles, even a spiral. Fibonacci levels also arise in other ways within technical analysis, for example, one of the best known and widely used Elliott Wave theory In this article we will have a closer look to Fibonacci Extensions and Fibonacci Retracements Fibonacci Retracement and Fibonacci Extension levels are in the form of horizontal lines and are calculated in almost similar manner with slight difference. Even tough they look like similar to each other they are quite different and serve for different purpose.   👉 Fibonacci retracement levels indicate how deep a retracement could be, that is, aims to measure the pullbacks within a trend   👉 Fibonacci extension levels indicate how far the next price wave could move following a pullback, that is, aims to measure the impulse waves in the direction of the trend How to apply Fibonacci Retracement and Fibonacci Extension These levels should not be relied on exclusively,Reversals can be confirmed with candlesticks, momentum indicators, volume or chart patterns. Here are the links of educational posts and indicator versions of the Fibonacci Tools that I made, you are kindly invited to check Auto Fib Channels, besides Auto Fib Channels this study include Auto Fib Retracement, Auto Fib Extension and Auto ZigZag indicator Auto Pitchfork, is advised due to its similarities with Auto Fib Channels and also it includes Auto Fib Retracement and Auto ZigZag indicator Auto Fib Speed and Resistance Fans, is an important tool to identify probable support and resistance and especially a powerful tool to identify reversals and retracement levels. The study presents an alternative approach of drawing the fans which enables a visualization quite similar to Gann Box. Auto Fib Retracement and Auto ZigZag indicator is also available Related educational posts that presents a quick guide of the drawing tools as well as introductions for their automatic indicator versions how to apply pitchfork and auto pitchfork study : how to apply fibonacci fans and auto FibFans study : how to apply fib channels and auto fib channels study :
Editors' picks
Education
by dgtrd
82
Most are not ready for Dash's bull RunBackground It was only little more than a month ago that I was going through some coins I don't normally look at, basically doing my due diligence, when I was struck by the market structure of Dash and now I think the history in addition to its utility as an actual crypto CURRENCY suggest it will do the best out of the old guard of crypto currencies. There may be some upstarts that might out-perform DASH but with the ability to have some chart history we can find previous significant levels and use the fib log channels to our benefit. My linked post will show my history of bullishness on Dash and might lend credence to my claims that I have been beating money out of Dash as well as other currency coins for the last month or so and would explain my relative disinterest in platform coins like ADA, DOT, ETH and such. Analysis The chart shows what I have identified for myself as the Crypto Fractal. Nothing goes straight up but crypto, benefiting from both adoption and quantitative easing and "money printer go brrrr" does about a good a job as we could want an asset to go straight up. From here the blue line charts a path I have seen a lot of premier coins take, like Monero, Link, And Ethereum as they retrace their bear market. Bitcoin was so unbelievable bullish that while the similarities are there if you followed that chart you would probably get surprised by the alts slow movement. One key difference between Dash (and Monero) compared to BTC, ETH and Link is that when it came to the double bottom that defined the market that Dash and monero had lower lows on the while BTC, ETH and Link had higher lows. This means there is some SWAG (scientific wild ass guess) to how I placed my baseline anchors for the zero line on Dash. My self-training and experience tell me that I have done well based on the activity around the 0.5 and 0.236 levels have acted as support and resistance. Further that, the fact that the previous ATH is only off by a few single digit percent from the -0.236 level and the -0.382 level helps define quite well wicking on the monthly chart (not shown) gives me comfort that the fib channel extensions will be very useful. Price Action Moved quickly from the .236 to 0.5 Fib level Consolidated on the 0.382 level which coincides with the bear market high From here, the blue line charts a path were price action Pamps to the 0.618 level, which coincides with the bear trap high Retest the 0.5/$300 Level Form a continuation pattern past the bear trap high Advance to ATH Reject and consolidate. Chart shows last time the drawback was 50%. Only strong hands need apply. Advance to the 1.0 line, reject and consolidate Advance to the next fib level. Now, just incase you think this course is crazy here is BTC doing the same thing, only much faster. If you can't see the major fib levels acting as described above then you should work on that visual IQ. My assumption right now is what ever fib level BTCUSD goes to, DASHUSD will go at least one or two fib levels higher. Here is similar analysis I did on BTC when I was 6 months younger. The TA was really good but I have advance a lot in charting and trading over those 6 months. I am within that 3-5 year timeframe of trading and charting where a lot fo things are clicking together a lot faster. It has been pretty stressful and painful at times, as well as euphoric. Closing thoughts One of my preferred youtubers for cryptocurrency, Steve Courtney of CryptoCrewUniversity just put Dash on his top 5 altcoins set to explode. He has slipped a bit into the formulaic titling and graphic used by a lot of crypto youtubers but the man has been in the game longer than me and no doubt he has had a longer history of sucess over me. The man listed Dash as one of his most undervalued coins. Given his experience and patience he probably needed to have some more conformation than I did before he put his name on it. To a very large extent I trust my charting, especially at longer time frames, that if he didn't mention Dash I would be fine. I was fine the last month beating money out of Dash. I am at the point of my trading career that I count good trades in mortgage payments. Earlier I counted them as days of pay or overtime shifts. I am sure people out there are trading months or years of pay at their last job. But it is comforting to see that someone that is probably pulling my yearly pay out of his trades and investments sees what I see. Makes me think that so long as I don't go fully reee on my margin trades and position size I can quit the rat race soon enough. Please review the linked ideas to get an understanding of how I think and trade before you put on any orders based on my TA. I am not qualified to give financial advice or trading advice...yet.
POLONIEX:DASHUSDLong
by This_Guhy
10
Bitcoin turning multiple levels of previous resistance to supporTrendline Support Finding the flip from resistance to support is perhaps one of the most important things to look for when charting. In order to help show the trend lines flipping from support to resistance I have segmented them (hey, TV, it would be cool if you could make lines segmentable as a feature) with black to show resistance and green to show support. Late September the downward slopping trend line was broken as resistance and confirmed as support and in early November the rising trendline was likewise broken and price action has consolidated above. There is also the blue trendline, which is very young as far as bitcoin ins concerned. It is the line that we have followed since early October and when it breaks we should see a relatively minor correction Fib Channel Support The anchors show where the three points of the fib channel are set and following the second low we see a lot of predictive ability and I hope to see that predictive ability to continue. The 0.382 to 0.5 level saw a lot of action and so basically I think it is very low probability we will return to that channel. There was a ticket of activity at the 0.618 level and with this current retrace we are confirming that area of price action as support. I have marked the 1.0 level as an area of minor consolidation, and that is relative to bitcoin and crypto in general. I don't think we are going to stop there anywhere near to the penny, but we should see a topping structure there that leads to a retrace. This retrace may or may not see price action wick into the previous high. Every fib level on the way up should be an area we would think to see consolidation or a retrace. If you want some idea of the predictive power of these fib cannels see the chart below. The anchors again represent where the fib channel points are set and we see a lot of activity and prediction of action still to this date. Our current rejection is at the 1.272 level The last extension was 1.618 and we may get that again, so price action could die at that level again. Should it die there there will be way less surprises when it does drop though. My plan for crypto is pretty simple though, for the next couple of years big buys are going to happen at the 20w. If I see us cut through a few fib levels I know a retrace will be due and I can do some lower time frame TA and set some stops. I don't know yet if I will be buying xbt, it will depend on how that is doing against premier alts and the trend in bitcoin dominance. But whenever bitcoin hits a fib level I expect the rest of the market to react.
KRAKEN:BTCUSDLong
by This_Guhy
2
MSB - Updated AnalysisI hope you find my analysis useful. From what I can see, price seems to be holding within the trend channel (bullish sign) The moving averages are beginning to cross, and as you can see in the past, when that occurred, price rose (bullish sign). Price needs to hold above the lower trend channel and break past the .786 fib to confirm bullish price action. Stock is very news sensitive, price may rise in anticipation of an announcement and come crashing down if the announcement is lackluster. Trade with caution, but from what I'm seeing, right now is a good time to either average in or enter the trade for a decent risk-vs-reward scenario. *Not financial advice* *Just my opinion* *All investing and trading involves risk*
ASX:MSBLong
by TheTraderAndy
XRP Using Fib Channels for Battle Planning.I have come to some realizations that have really helped my charting and its predictive power aside from some of the generic stuff about using higher timeframes and all that. Triangles form wedges Wedges form channels If you can draw a line, try to look for a channel If you can draw a channel, try and look for a fib channel Fib levels are places of consolidation or rejection for support or resistance I haven't tagged every level of the chart, just a few examples of these support and resistances. I have included positive and negative levels for the channel as fib extension and retracement because once you know and accept bow these levels interact you could experiment and see how the negative channel (the red levels) could have been used to predict the grey and blue levels. The current price action had a quick move to consolidation at the 0.5 level and then a blow off top at the 0.618 level. Price has retraced to the 0.5 level and so we have completed another flag pole consolidation and I find it similar to the plane icon in the lower left of the chart. BREAKOUT CONFIRMATION In the chart below of the last upgrend you see price action can move really quicly from one fib level back to another in a retrace and that is what I think is happening right now. For confirmation we see that the weekly MTF Vstop has been pierced and is in the process of confirmation. Should the blue eye with black pupil show up we will have a confirmed close above previous MTF resistance. The chart clearly shows that I think the green bear market is in the final stages and this will conclude when we go above the previous high by a few Fib channel levels and then retest the fib channel level as shown by the purple phase This current bear market on xrp has taken about an extra 30 weeks to conclude Which means that it would be a fair assumption that every stage after it would take longer but that is a soft prediction because the amount of quantitative easing the federal banks of the world isn't constant, and crypto adoption is also increasing. There is no telling if these phases will continue at the same or different rates. After our first flagpole consolidation we should complete the flagpole with a more time intensive consolidation shown in the blue area. From there we proceed to the thrid fib level so we can watch xprusd give up over 90% of its value, again. I have done similar analysis on both eth and xbt and those will be in the linked comments. I often use the VSTOP and MTF VSTOP to do dynamic auto charting but this time I have just used the MTF VSTOP in the chart to keep things cleaner. I am not going to show it here, but analysis on xrpeth and xrpbtc shows that xrp is the choice for now. For the long term investor going down to a lower time frame and using the VSTOP once we get above $65 and trying to take profit somewhere over $300 seems ludacris, unless you have seem this TA.
POLONIEX:XRPUSDLong
by This_Guhy
5
ETH 1D to $468 Today ? My Charts are all about fib rings Fib Retracement and Also Fib Channels from what im seeing on the daily pattern for Eth right now for November 9th Eth Looks to have broken its downtrend and we might see a pump to 468 today where the fibs all cross as resistance. thats the Bullish Scenario for Eth and i personally see it playing out to test the line again before a out break or a rejection. on the bearish scenario Eth could drop to $426.88 today i personally do not think the bearish scenario will play out but the upside to that is better buy in oppurtunity. overall for me im long untill i see any unusual signs for me not to be a little bullish till price target is met.
GEMINI:ETHUSDLong
by kezzyrose412