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Fibo

In retrospective… actually very easy ---> Golden Pocket @July'22There is not much to say … the fib retracement speaks for itself! it all depends on how you position it … NOTE: For the alltime fib not the 69k high value is taken for the top, but the *close* of that month => 57k Right now we are exactly inside the *golden pocket* … beautiful :) and the 2021-2022 fib fits perfectly on pretty much every monthly candle ^^ You can enlarge the top or bottom chart by clicking the separating line (in between) and drag it up or down.
INDEX:BTCUSD
by Indicator-Jones
Fibonacci Analysis - Part 1 A. Fibonacci Series 01. The Fibonacci series is a sequence of numbers starting from zero arranged so that the value of any number in the series is the sum of the previous two numbers. 02. The Fibonacci sequence is as follows: 0 , 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, … B. Properties Of The Fibonacci Series 03. The series extends to infinity. 04. Divide any number in the series by the previous number; the ratio is always approximately 1.618. For example: 610/377 = 1.618 377/233 = 1.618 233/144 = 1.618 05. The ratio of 1.618 is considered as the Golden Ratio. 06. Further into the ratio properties, one can find remarkable consistency when a number in the Fibonacci series is divided by its immediate succeeding number. For example: 89/144 = 0.618 144/233 = 0.618 377/610 = 0.618 07. Similar consistency can be found when any number in the Fibonacci series is divided by a number two places higher. For example: 13/34 = 0.382 21/55 = 0.382 34/89 = 0.382 08. Also, consistency is when a number in the Fibonacci series is divided by a number 3 places higher. For example: 13/55 = 0.236 21/89 = 0.236 34/144 = 0.236 55/233 = 0.236 C. Fibonacci Retracement 09. Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices. 10. Whenever the stock moves either upwards or downwards sharply, it usually tends to retrace back before its next move. 11. ‘The retracement level forecast’ is a technique that can identify up to which level retracement can happen. 12. Fibonacci retracements are movements in the chart that go against the trend. 13. In finance, Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move before a trend continues in the original direction. 14. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios. 15. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move. 16. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. 17. Unlike moving averages, Fibonacci retracement levels are static prices. They do not change. 18. Because these levels are inflection points, traders expect some type of price action, either a break or a rejection. 19. The 0.618 Fibonacci retracement that is often used by stock analysts approximates to the "golden ratio". D. How should you use the Fibonacci retracement levels? 20. Think of a situation where you wanted to buy a particular stock, but you have not been able to do so because of a sharp run-up in the stock. 21. The most prudent action to take would be to wait for a retracement in the stock in such a situation. 22. Fibonacci retracement levels such as 61.8%, 38.2%, and 23.6% act as a potential level up to which a stock can correct. YASER RAHMATI
Education
by yaser_rahmati
Supply-Demond zone on live Bitcoin chartI mark supply and demand areas based on pivot points and the last candlestick before the main movements Reason for marking supply and demand area: 1-There is Range inside these candles, after which the market has decided to move 2-And another reason to mark these candles is that banks and major market players in that area have orders. There is Ret Fibonacci in the chart: 1-beginning of the main movement There is Ext Fibonacci in the chart: 1-beginning of the main movement
by danial_ahmadi
Denand-Supply on live EURUSD chartI mark supply and demand areas based on pivot points and the last candlestick before the main movements Reason for marking supply and demand area: 1-There is Range inside these candles, after which the market has decided to move 2-And another reason to mark these candles is that banks and major market players in that area have orders. There are three Ret Fibonacci figures in the chart: 1-beginning of the main movement 2=beginning of the current price channel and one is the last movement. 3-Start the last move and DXY trend is bullish
Short
by danial_ahmadi
Ride The WAVES/USDTWAVES/USDT 🟢entry: $22.285-$20.665 ❌stoploss: $19.530 🎯tp1: $35.960- $33.420 🔼potential %profit: +51.16% 🔽potential %loss: -14.68% r/r: 3.49 Hi Everyone, 🌊after a deep retrace, waves is showing support at the 0.786 fib. with a potential break-out of a bullish falling wedge. volume has been gradually decreasing as the downtrend continues, which suggests to me that selling pressure is drying up and a potential reversal is imminent. if this trade idea is valid, i expect to see the increase in price accompanied by substantial increases in volume as well. 🌊after all the recently volatility in waves, i am very interested in taking another position in this market. 🌊i’m entering half at current market price and layering the other half of the orders from $22.285-$20.665. 🌊i’m placing the stop below the 0.786 fib with a bit of breathing room for a potential stop-run; i try to keep my stop-losses no greater than 15%, so i’ll set the stop-loss order at $19.530. 🌊i’m placing the target range at the order block that served as the first point of support during the recent deep correction, which is at $35.960- $33.420. this zone also coincides with the 0.5 fib. Check back for updates as the position progresses. Feedback and constructive criticism is always appreciated. ✌️All good luck and always practice strict risk management!
Long
by TylerPhilip
3
Will GOLD fall down to 1800?The short answer: Yes, of course. If there's something that we know from our 10 years of experience, it is that everything is possible. And we're not only talking about possibilities but for our current expectations. We're looking for a drop on GOLD and that will be the case while we're trading below 1970. First target will be 1860 but it's definitely possible to see a breakout and a move down to 1800. Once that happens, many of the market participants will be stopped out and we will then see the next move up. We're closely watching Gold in our daily analysis!
FX_IDC:XAUUSDShort
by ForexTrendline
16