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Fibonacci

Bitcoin - Last stage of the pump! (sell here and wait 50% crash)Bitcoin is in the last stage of the bull run. Buying Bitcoin at 93,000 is not worth it for the long term because you will be able to buy it cheaper in 2025/2026 at the price around 60,000-50,000. The moon boys are back and everyone is very bullish; that is usually a sign of a cycle top. Bitcoin always moves in significant cycles and is highly volatile. New people don't know it, and their finances get completely ruined with each bearish cycle. Let's look at the technical analysis. Always start with simple trendlines. We can draw a very nice trendline starting from wave (1) -> wave (3). These 2 points are significant swing highs. This gives us a current profit target of 107,000 USD in December 2024. Next, what we want to do is look for the Fibonacci extension levels. As per Elliott Wave analysis, we are in the last wave (5), You want to draw the fibonacci extension from the start of wave (1) to the end of wave (3) and the second point will be the end of wave (4). This also gives us a profit target of 107,000 USD! This is not random; this is pure skill. 95% of retail traders don't use the Fibonacci extension tool, and among the 5% of users, 95% of them don't know how to use the tool properly. I know how to use it properly with the Elliott Wave theory, as I have been trading crypto for almost 10 years. Enter a short position at 94,500, first profit target 92,480, second 91,062. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
37
GOLD → Market confirms downtrendFX:XAUUSD is testing resistance of a key descending channel. Bears continue to resist based on important fundamental aspects of the global economy Fears of further geopolitical escalation between Russia and Ukraine are likely to subside a bit. In addition, the Fed speech will help determine the U.S. central bank's future path on interest rates. Attention is focused on the December rate meeting.... Technically, the gold confirms the downtrend channel, so we have a key trend to follow in our trading decisions. A false breakdown of the local resistance at 2627 is forming. Consolidation of the price below this zone may provoke further decline Resistance levels: 2627, 2643 Support levels: 2694, 2560 Another resistance retest is possible. It will be possible to talk about buying after the price will be able to break 2643 and consolidate above this zone (additional scenario). But in priority I consider further decline from 2627 or from the channel resistance Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
7
EURUSD → Consolidation “flag”. Willingness to go below...FX:EURUSD is forming a consolidation in the “flag” format, the purpose of which, in the current situation, is to accumulate the potential for continuation of the trend... Fundamental background is still negative. On D1 we can clearly see the consolidation below the key level of 1.0600 after a strong fall. There is no proper and logical reaction in the form of a pullback. Accordingly, based on this we can conclude that the dynamics and strength of the buyer is not enough to reverse the local situation. The dollar is starting the recovery phase again, which may put pressure on the euro. Technically, the emphasis on consolidation “flag”. The exit of the price from the boundaries of this channel will provoke further movement. Resistance levels: 1.0606 Support levels: 1.0521, 1.044 It is not worth trading inside the flag. The exception is a retest of resistance. Opening an order is acceptable after a false breakout. But, the emphasis is on 1.052. Breakout and fixing of the price below this zone can strengthen the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
4
$SPY November 20, 2024AMEX:SPY November 20, 2024 15 Minutes. AMEX:SPY had a gap down. But did not break the recent low of 583.86 which I have taken as the starting point for current move. It took support at 200 averages in 60 minutes and started to move up. Noe for the move 583.86 to 589.49 to the fall 584.02 the first target is 592-593 levels as in box. In 15 minutes, we have 9,21,50 and 100 averages consolidated. So, for the rise 584.02 to 591.06 holding 586-587 levels, we target for 592-593 levels. 592-593 is important because it is also 61.8% retracement for the fall 599 to 584 levels. It is also 20 averages in 15 minutes. Hence, I expect a consolidation to happen between 591-593 levels today for a move tomorrow or Friday.
AMEX:SPYLong
by RiderTrader
3
BTC | SHORT TERM | ATH OutlookBitcoin is in the process of making new ATH's and this process is called "price discovery mode". This basically means that we have no indication of possible resistance or support zones. However, there is one method I like to use for price discovery mode - Fibonacci. This could hold some key information as to where the price of BTC may possible see some rejection, and where it could bounce from. If you're keen to see the journey, I made an update on my ENTIRE BTC prediction-roadmap. Find it here: _____________________ BINANCE:BTCUSDT
Long
by CryptoCheck-
1
BTC/USD is approaching FIB-EXT highest level 1.618 (95,603)As per the price action the whole crypto market is bullish on bigger time frame 1st probablity Currently I am expecting BITCOIN will reach its all time High $95,603 on the basis of Fibonacci extension 1.618 tracing from previous impulsive movement in Feb to march Bullish cycle,on the weekly time frame chart bitcoin can take a small retracement towards Imbalance in premium zone ($74,000 to 80,000) If the bulls whales dominate the market, then we can another impulsive bullish cycle toward $120,000 2nd Probability Price reject from the 1.618 ($95,603) region and took the liquidity of the FVG and Value area high and tap in to the OB in Discount region this will be high gain and long cycle towards $150,000 because retailers and big whales will take a part .
BITSTAMP:BTCUSD
by ak7119660
1
Shiver in Ecstasy at the beauty of FibonacciIt speaks for itself, really. Halvings, tops, bottoms, etc. can all roughly be located here, within reasonably accurate levels for price & time. Forecasting: >> 5.618 (time) - 4/20/2025 also shows next potential bottom fib-levels based on historic durations of bear markets... Price level I have less certainty for.... >>>4.236 (price) - $245k this level also coincides with breakout targets for the inverse H&S pattern formed during the 2022/2023 bear market.
BNC:BLXLong
by w.savage11
1
Mantra OM price has reached incredible heights, is it enough?For the year, the CRYPTOCAP:OM coin has added +22700% in value, reaching a capitalization of 3$3,85 billion Of course, it's up to you to decide whether this is enough or not for the #Mantra project It is also up to you to decide where you think the price of OKX:OMUSDT has a better chance of going now: 🔼Up to $9.90 🔽Down to $0.88 (at best) or even to $0.28 (in the worst and most unlikely case) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
7
GOLD → Are the bears in doubt? Resistance aheadFX:XAUUSD strengthens to 2625, jeopardizing the local downtrend. Fundamentally, the situation is complicated, as well as technically... The metal price is actively influenced by the escalated geopolitical situation between Russia and Ukraine. The market is also watching the Middle East, as despite the reduced news flow, the situation is still tense. In addition, expectations of additional stimulus measures from China also favor the growth of prices for this metal. It is still unclear whether gold will be able to hold on to the bullish momentum as the price is approaching strong resistance and traders are cautious as they await new signals on the Fed's interest rate outlook. Technically, as the price is still within the boundaries of the local descending channel, it is worth considering selling from strong zones and levels. The situation will change when the price breaks (it is not a fact) the channel resistance... Resistance levels: 2626, 2643 Support levels: 2604, 2590 Most likely, the market seeks to test the resistance, relative to which a stalemate situation is forming due to the mixed fundamental background. A false break of 2643-2626 will strengthen the selling and bring us back to the downside. But an unexpected resistance breakout will bring back the buyers' motivation Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
4
10x Profit in This Bull Run with X Empire (X)Why X Empire in a Bull Run? Bull Run Potential: Altcoins like X Empire tend to perform exceptionally well during bull markets, driven by increased liquidity and hype. Massive Returns: X Empire could deliver up to 10x gains, with a target price of 0.0010818 or higher, following historical trends of similar tokens. Community Hype: With a growing community and meme-driven appeal, X Empire thrives on market momentum. Where to buy: Buy Zone: 0.00010818 X Empire (X) is nearing a strong support level, making it a prime spot-buy opportunity. Entry Price is at fibs 0.886. Since it’s a spot trade, no stop loss is required, but staying updated on market conditions is essential. Market Outlook The token’s performance will depend on overall market sentiment. Keep an eye on Bitcoin and Ethereum movements, as they heavily influence the altcoin market. Disclaimer: This is not financial advice. Always conduct your own research.
Long
by smarttrader012
2
BITCOIN → Bullish run to $100,000. When's the correction?BINANCE:BTCUSD is consolidating after a strong rally. Most likely the token is preparing to go even higher. The target of 95K-100K is getting closer and closer and is becoming more and more realistic. FOMO or managed to get on the northbound train? The fundamental backdrop is strong. Trump has been a driver for bitcoin and the cryptocurrency market. The phenomenon as a whole is quite interesting. Bitcoin is coming out of a 9-month accumulation and is strengthening by 34% as part of the rally. Can this rally be even bigger? Yes! And there are bullish premises for that: Technically, bitcoin is not trying to update the lows. It is forming a smooth, calm and upward movement with gradually updating highs, and in the last two days the price has been accumulating in front of a strong resistance level. An ascending price channel is forming on H1-H4. The recent 7% retracement of the ATH is nothing more than profit-taking. There are no funadamental and technical reasons for a deep correction yet. Resistance levels: 91650, 93250 Support levels: 90300, 89200, 87500 At the moment consolidation is forming near 92K. The emphasis is on 91650. A breakdown and consolidation above this area may trigger a continuation of the impulse (rally). I do not exclude that on the background of reduced liquidity (Saturday/Sunday), bitcoin may test the support area before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
44
Tezos XTZ price “finally” shoot outOldies here?) Do you remember that there was such a coin as #XTZ ?) Yes - yes - this is the “stick” that shoots once a year and falls 3y) It's hard to believe that the current growth of the OKX:XTZUSDT price will be above $1.58-1.78 Therefore, this idea will probably be more interesting for #Tezos holders Although.... maybe we don't know something about the bright future of this project ?) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
USD/CAD continues the downtrendOn USD/CAD , it's nice to see a strong sell-off from the price of 1.40170 and 1.40440. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Downtrend and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
ayPal (PYPL): New Features and Market ImpactPayPal ( NASDAQ:PYPL ) is currently up 44% from our initial entry, demonstrating strong performance within a developing trend channel. While not entirely symmetrical, the addition of a smaller trend channel on the upper side showcases nearly perfect alignment, highlighting this stock’s potential for growth. Last Thursday, PayPal announced a new feature allowing customers to collect money from friends and family for shared expenses, available in the US, Germany, Italy, and Spain. While innovative, this announcement led to a 4% dip in PayPal’s stock, likely due to profit-taking by investors. From a technical standpoint, we expect a three-wave correction to finalize wave (iv). Currently, the key support zone lies at the 38.2% Fibonacci retracement level near $76, which aligns with the last level before a low-volume node. If this support fails, the 50% Fibonacci level becomes the next likely target. However, NASDAQ:PYPL should avoid prolonged trading below wave (i)’s range of $70 to maintain its bullish structure.
NASDAQ:PYPLLong
by freeguy_by_wmc