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#BTC #Bitcoin AnalysisBitcoin has broken the outer bullish channel that we have been following for some time, which has caused a noticeable increase in price action, reaching its new ATH above $ 28,400. The RSI indicator made a double top in the overbought zone, in 1 hour candles, while the price and volume range show great indeterminacy in the market, forming an evening star, indicating a loss of strength in the trend. We feel that a correction to the $ 24,100 level may come, but another path would be to perform a continuation sideways move.
Short
by jumperstars
Fibonacci Levels - Rocket Bomb's EDU post 🔥Hi guys, as I promised, this post is about Fibonacci Levels for YOU!🧡 Leonardo Fibonacci is a great mathematician who lived in the XI century. The scientist deduced a number of natural numbers, which later began to bear his name. Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc. The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Fibonacci numbers have some properties: 📌Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures); 📌dividing any number of the series by the next + 1 tends to 0.382; 📌dividing the subsequent number of the series by the previous one tends to 1.618; 📌division of the number of the series by the second number preceding it tends to 2.618. Fibonacci numbers are often used not only in technical analysis , but also in physics, astronomy and other disciplines.💪🏻 Fibonacci levels are a tool that sets horizontal support and resistance levels on the price chart based on price movement. It's important to understand, that Fibo levels work well when there is a trend in the market. How to determine Fibonacci levels? To determine Fibonacci levels, you need to find the recent significant high and low of the last price movement. When plotting levels for a downtrend, the first point should be at the maximum and the second at the minimum. For an uptrend, you need to do the opposite. Click on the low of the price swing and drag the cursor to the high. In this case, the construction of levels always occurs from left to right. How to trade by Fibonacci levels? The basic variant with an upward movement: we determined the minimum and maximum, set the levels, waited for a rollback, entered the market. The price continues to move - we drag the levels to a new maximum, wait for our rollback level, and enter the market. In a downward movement, we do the same, entering a movement on a pullback. The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%. ✔ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built. Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale. Fibonacci numbers - the magic of numbers that works in trading and in everyday life . 💥You can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future.💥 We can make some conclusions: 🔵Fibonacci tool draws support and resistance lines on the chart based on price movement; 🔵the Fibonacci tool is always applied on the price chart from left to right, both in the case of long positions in an uptrend, and in the case of short positions in a downtrend; 🔵the levels marked between the beginning and the end of the price movement are correction levels, they show which levels the price is likely to return to; 🔵the most common Fibonacci retracement levels are 38.2%, 50% and 61.8%, they are often used to enter the market; 🔵there are two ways to use correction levels to enter the market: aggressive (entry at each of the levels) and passive (waiting for the price to correct in the originally observed direction); 🔵It's important to note that Fibonacci levels are not a trading system, they are an additional tool that only suggests possible correction levels; it should be used only in combination with a trading system or as part of a trading system. I hope everything was clear for You, and You found this post as helpful🙏🏻 I really wanna be useful to you, guys! I make every post with love and it brings me extraordinary pleasure!🙏🏻 Thank you for staying with me💋 Always sincere with You🧡 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
30
Pack Your Bags For XRP Moon ShotMy Fellow Crypto Traders, Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! -------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: Due to XRP's heavy correlation with BTC, we could see XRP have an aggressive run-up. Currently, we are seeing the 9EMA possibly getting ready to cross the 20EMA. If BTC continues to push higher into uncharted territory, XRP will surely follow.
COINBASE:XRPUSDLong
by AB_Trading-Intelligence
ZIL Final Dip Before $0.05 & BeyondMy Fellow Crypto Traders, Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy Trading! ---------------------------------------------------------------------------------------------------------------------------------- ANALYSIS: ZIL appears to have formed a channel that has been well respected since late Nov. As the RSI reflects ZIL is extremely overbought, which we could get a slight pull-back to the 50EMA, and find some support. Therefore, a 50EMA bounce would coincide with the 382 fib level, which has been a relatively strong resistance level. Would definitely keep my eye on a re-test of the 382, and if it holds as support, could be a great entry point.
by AB_Trading-Intelligence
The Magic of Fibonacci Numbers - Golden RatioAn Easy To Understand sequence represented as 0 1 1 2 3 5 8 13…. where each number is the sum of the preceding two numbers, with the series starting from 0, 1. But, did you ever realize how magical these numbers are? Fibonacci numbers appear in so many contexts in our lives and surroundings, for example, the number of the petals in a flower, the seed heads of a flower, paintings, and a lot more. In fact, the beauty of a human face is based on Golden Ratio whose nth power forms the nth Fibonacci number. (the nth Fibonacci number is 1.618n where 1.618 is the Golden ratio). These numbers display a lot of magical patterns. Given the Fibonacci numbers: 1 1 2 3 5 8 13 21 34 55 89… Let’s square these numbers: 1 1 4 9 25 64 169……. The addition of two Fibonacci numbers gives us the next Fibonacci number. But, What’s so special about their squares? Look closely to see that the addition of the 2 consecutive numbers from this squared series of Fibonacci numbers would give you alternate Fibonacci numbers. Let’s realize this: The squared Fibonacci series is 1 1 4 9 25 64… Now, 1+1 = 2 1+4 = 5 4+9 = 13 And, so on.. 1 1 2 3 5 8 13 21…… Let us now add more than 2 numbers of this squared series increasingly. 1+1+4 = 6 1+1+4+9 = 15 1+1+4+9+25 = 40 1+1+4+9+25+64 = 104 These do not seem to be Fibonacci numbers. But, if you analyse closely, you can see that these numbers enclose hidden Fibonacci numbers. 1+1+4=2* 3 1+1+4+9=3*5 1+1+4+9+25=5*8 1+1+4+9+25+64=8*13 But, why is it that? 12+12+22+32+52+82 = 8*13 Area of this rectangle = sum of the areas of squares inside it = 12+12+22+32+52+82 Also, Area of rectangle = length*breadth = 8*(8+5) = 104 which proves that 12+12+22+32+52+82 = 8 *13 If we continue this process of merging these squares to form rectangles, we can get rectangles with dimensions: 8*13 13*21 21*34 34*55 55*89…. If we divide the dimensions of these rectangles keeping the larger dimension in the numerator, we end up with these figures: 8*13 => 13/8= 1.625 13*21 => 21/13 =1.615 21*34 => 34/21 = 1.619 34*55 => 55/34 = 1.6176 55*89 =>89/55 = 1.61818 As we continue dividing the dimensions of larger rectangles, we would get close to 1.618033… which is defined as the Golden Ratio. This Golden Ratio particularly is of great interest to mathematicians since it holds great significance in our surroundings and environment.
BITSTAMP:BTCUSD
by CryptoNinjaAnalyst
2