Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving in the local uptrend channel.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,996, if the support breaks down, the next support is $ 19,969, $ 19,726 and $ 19,277.
Now let's move from the resistance line as you can see the first resistance is $ 20,323, if you can break it the next resistance will be $ 20,508, $ 20,703 and $ 20,958.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, and the MACD indicator shows a local upward trend.
Fibonaccianalysis
3 FIBONACCI TOOLS YOU MUST KNOW 💡
Hey traders,
In this article, we will discuss 3 classic Fibonacci tools you must know.
1️⃣Fibonacci Retracement
Fib.Retracement is my favorite fib.tool. It is aimed to identify strong horizontal support and resistance levels within the impulse leg.
We draw this tool based on the high and low of the impulse (from wick to wick) and it shows us POTENTIALLY strong structure levels determined by Fibonacci numbers.
Common Fib.Retracement levels are: 0.382, 0.5, 0.618, 0.786.
Once one of the levels is reached, wait for a confirmation before you open a trading positions.
2️⃣Fibonacci Extension
Fib.Extension indicates strong horizontal support and resistance levels beyond the impulse. Similar to Fib.Retracement tool, Fib.Extension is drawn relying on impulse's high and low (from wick to wick) and it shows POTENTIALLY strong structure levels where the consequent impulses may complete based on Fibonacci number.
Common Fib.Extension levels are: 1.272, 1.414, 1.618.
Once one of the levels is reached, wait for a confirmation before you open a trading positions.
3️⃣Fibonacci Channel
Fib.Channel shows strong vertical supports and resistances (trend lines) within the channel. The tool is drawn based on the trend line of a valid parallel channel (based on wicks) and it shows POTENTIALLY strong trend lines from where the market may retrace.
The trend lines within Fib.Channel rest on 0.382, 0.5, 0.618, 0.786 Fib.Levels.
Once one of the levels is reached, wait for a confirmation before you open a trading positions.
Remember that Fibonacci's are simply tools in a toolbox. In order to use them properly, you need to build a trading system around them, test it and confirm its efficiency.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Jumping S-curvesIn this post, I will explain what jumping S-curves means and how you can identify potential S-curves before they jump .
First, let's begin with the chart above (also copied below).
This is a yearly chart of McKesson Corporation (MCK), a medical supplies company.
As you can see in the chart below, this stock has been soaring over the past year despite most other stocks being significantly lower.
Here is the performance of the S&P 500 over the same time period.
Whenever I see something highly unusual in a chart, such as extreme outperformance, I check the higher timeframes to see what's driving price on a technical level. Below is the yearly chart for MCK.
When I examine price action over a long time period, I always log adjust my chart. Below is the log-adjusted chart.
Upon seeing this chart I immediately knew what was going on: the stock price jumped S-curves. I will try to illustrate below how I reached this conclusion.
To begin, I drew Fibonacci levels from the last reaction low to the last reaction high on the yearly timeframe.
The previous reaction low was the bottom of 2008 because that bottom was a Fibonacci retracement of some earlier reaction high, the reaction high is the top in 2015 because price did not surpass that high without first undergoing a Fibonacci retracement (to the golden ratio).
As you can see above, from 2015 to 2018 the price retraced down to the golden ratio (0.618) on the yearly chart. It is often from this retracement level that the base of the second S-curve is created. (For simplicity, I only included the 0.618 Fibonacci level on the chart).
Some may say that this pattern is merely a bull flag or pennant. (See chart below)
Indeed, bull flags and pennants can be another way to visualize S-curve jumps.
Whereas, on a deeper, more mathematical level, S-curve jumps are logarithmic spirals (approximated as Fibonacci spirals or Golden spirals). If you wish to delve deeper into logarithmic spirals, including the Golden spiral, you can check out this Wikipedia page: en.wikipedia.org
These Fibonacci or Golden spirals are present on mostly every chart and they appear on mostly every timeframe (hence they are fractal ).
One of the best charts you can use to visualize these spirals is the chart of Bitcoin. Below are charts of Bitcoin which attempt to show the endless fractal nature of Fibonacci spirals (or "S-curve jumps").
I've only illustrated a few of the spirals, but indeed there are numerous spirals. (I tried to do my best using the tools on Trading View to draw these spirals, but it can be quite hard to manipulate the curves perfectly to price action.)
One may ask what about when price falls? That is obviously not an S-curve jump since the price is falling.
Actually, when price is crashing it is usually just an S-curve jump, or Fibonacci spiral, on the inverted chart.
Although I have not tested it with scientific rigor, I do hypothesize that Bitcoin's price movement is a series of infinitely fractal and competing Fibonacci spirals on various timeframes, including Fibonacci spirals on inverted scales. Price movement can be thought of as an infinite series of S-curve dilemmas where infinitely fractal S-curves, including those of which are inverse S-curves, compete to govern the next price move.
Each dilemma is resolved when an S-curve reaches its inflection point, such that it governs price movement and price moves rapidly in that direction until it approaches capacity and faces its next dilemma.
Those who know Calculus may recognize this chart. Indeed this is the graph of a logistic function. The mathematical terminology for an "S-curve" is sigmoid function .
Here are some more interesting charts of S-curves (none of which is intended to be investment advice)
Meridian Bioscience (VIVO) jumps S-curves on its yearly chart
The U.S. Dollar Index jumps S-curves on its yearly chart
The entire price action of Chinese EV Company (NIO) is an S-curve that just completed a perfect golden ratio retracement
Japan's faces a population S-curve dilemma
Citigroup underwent S-curve growth up until the Great Recession.
Then it crashed or underwent S-curve growth on the inverted chart.
In summary, price movement involves an endless series of S-curves or Fibonacci spirals. Identifying an S-curve on a high time frame before it reaches its inflection point and breaks out can lead to tremendous gains (among the most lucrative gains one can realistically make in the financial markets).
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 20077, if the support breaks down, the next support is $ 19,991, $ 19,912 and $ 19,786.
Now let's move from the resistance line as you can see the first resistance is $ 198, if you can break it the next resistance will be $ 20,267, $ 20,337 and $ 20,438.
Looking at the CHOP indicator, we can see that in the 4-hour interval, the energy slowly begins to rise, and the MACD indicator indicates a local downward trend.
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see that the price is moving in the channel marked by the yellow lines and that we are at the upper end of that channel.
Let's start by setting goals for the near future that we can consider:
T1 = $ 6.46
T2 = $ 6.76
T3 = $ 7.01
T4 = $ 7.26
and
T5 = $ 7.60
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 6.38
SL2 = $ 6.28
SL3 = $ 6.14
and
SL4 = $ 5.96
Looking at the CHOP indicator, we can see that in the 4H range we still have a lot of energy for movement, and the MACD indicator shows a local upward trend.
BNB / USDT 1D INTERVAL, STOPLOSS AND TARGETSHello everyone, let's take a look at the 1D BNB to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 289
T2 - $ 323
T3 - $ 355
T4 - $ 401
and
T5 - $ 460
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 279
SL2 - $ 261
SL3 - $ 243
SL4 - $ 217
and
SL5 - $ 184
Looking at the CHOP indicator, we can see that in the 1D range we have a lot of energy and the MACD indicator shows an upward trend.
AB=CD PatternThis pattern is actually in high reliability as the price action shows a pivotal sign in confluence to a 88.6% Fibonacci Retracement. Hidden bearish divergence on Fisher Transform oscillator which crossing on H1 reinforces the idea of a peak for this cycle. A 2nd target to watch @ 14.6%.
GMTUSDT review 1D IntervalHello everyone, let's take a look at the 1D GMT to USDT chart as you can see the price has come out of the downtrend channel and is moving on the verge of returning to that channel.
Let's start by setting goals for the near future that we can take into account, in this case we have two zones of resistance
First from $ 0.7405 - $ 0.8305
and
Second from $ 1.0913 - $ 1.2240
Now let's move on to support in case of further market downturns, and as you can see in the chart, we have two important support zones
The first zone from $ 0.6099 - $ 0.5310 where the price is currently located
Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a local upward trend.
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, after leaving the uptrend channel, we are now in the downward trend channel.
Let's start by determining the support that the btc price has on its way and we can see that the price is at the upper end of the support zone which we have from $ 19,229 to $ 17,601.
Now let's move on to the resistance that btc has to overcome in the event of a price increase and we see that first we have a resistance zone from $ 19,774 to $ 20,798, then we have resistance lines at $ 21,449, then a support zone from $ 22,497 to $ 23,661.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, while the MACD indicator shows a local upward trend.
LUNAUSDT - 4H Interval - Targets and StoplossHello everyone, let's take a look at the 4H LUNA to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 2.62
T2 = $ 2.69
T3 = $ 2.78
T4 = $ 2.91
and
T5 = $ 3.26
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 2.45
SL2 = $ 2.34
SL3 = $ 2.19
and
SL4 = $ 1.99
Looking at the CHOP indicator, we can see that in the 4H range the energy slowly starts to rise, while the MACD indicator shows a local upward trend.
Daily review of BTC interval 1DHello everyone, let's take a look at the BTC to USDT chart on a 1 day time frame. As you can see, the price is moving below the local downtrend line
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,249, if the support breaks down, the next support is $ 18,964, $ 18,590 and $ 18,100.
Now let's move from the resistance line as you can see the first resistance is $ 19,907, if you can break it the next resistance will be $ 20,446, $ 21,001 and $ 21,772.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, and the MACD indicator shows a local upward trend.
UNIUSDT 1D Interval- Targets and StoplossHello everyone, let's take a look at the 1D UNI to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 6.65
T2 - $ 6.88
T3 - $ 7.08
T4 - $ 7.28
and
T5 - $ 7.56
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 6.35
SL2 - $ 6.08
SL3 - $ 5.86
SL4 - $ 5.64
and
SL5 - $ 5.33
Looking at the CHOP indicator, we can see that in the 1D range we have recovered a lot of energy and the MACD indicator shows a local upward trend.
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,228, if the support breaks down, the next support is $ 19,052 and $ 18,829.
Now let's move from the resistance line as you can see the first resistance is $ 19,536, if you can break it the next resistance will be $ 19,790 and $ 19,998.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy for further move and the MACD indicator indicates a local downward trend.
NASDAQ RSI DIVERGENCE, FIBONNACI!!Nasdaq has reached its crucial support. information is spreading about a recession in us markets, but technical like supports, rsi are saying to rise.
although inflation is too high in us, and the markets too have corrected about 35% from its top, it do looks like, markets will not correct further more.
same saying in the fibonnaci indicator. the index is lying in 0.618 zone.
lets see if the stock do gives a gap down, and gives a breakdown, or rise.
although last one statement, that NIFTY IT too have reached its last support and should not fall further(still it is been rising very slowly this days, but its in the same zone, unless us markets will stop falling). therefore i dont think much like there would be a further correction. ofcourse i could go wrong but lets further watch how markets do perform.
MATICUSDT - SHORT 1H - TARGETS and STOPLOSS Hello everyone, let's take a look at the 1H MATIC to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.7832
T2 - $ 0.7871
T3 - $ 0.7906
T4 - $ 0.7942
and
T5 - $ 0.7991
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.7806
SL2 - $ 0.7790
SL3 - $ 0.7776
SL4 - $ 0.7757
and
SL5 - $ 0.7737
Looking at the CHOP indicator, we can see that in the 1H range we still have a lot of energy, while the MACD indicator shows the local upward trend.
Daily review of BTC interval 1H - SHORTHello everyone, let's take a look at the BTC to USDT chart over the 1 hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,600, if the support breaks down, the next support is $ 19506, $ 19,430 and $ 19,361.
Now let's move from the resistance line as you can see, the first resistance is $ 19,786, if you can break it the next resistance will be $ 19,941, $ 20062 and $ 20184.
Looking at the CHOP indicator, we can see that in the 1-hour interval almost all energy has been consumed and the MACD indicator indicates a local upward trend.
USOILThis is my primary count on USOIL. Seems likely that we test $66-$70 for the intermediate wave 4 & confirm the higher low & also support on the monthly ema's 50,100,200 before the final pump to $300 plus.
So currently looks like we are in the 4th of the 3rd about to start the 5th of the 3rd and then correct into the HTF 4th wave before starting the last push to the 5th into 2027.
Daily review of BNB interval 1H - SHORTHello everyone, let's take a look at the 1H BNB to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 283
T2 - $ 284.6
T3 - $ 285.9
and
T4 - $ 287.3
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 282.2
SL2 - $ 280.9
SL3 - $ 279.9
SL4 - $ 278.9
and
SL5 - $ 277.4
Looking at the CHOP indicator, we can see that in the 1H range we have a lot of energy, and the MACD indicator shows a local upward trend.
Daily review of ETH interval 1H - ShortHello everyone, let's take a look at the 1H ETH to USDT chart as you can see the price is moving in the channel marked by the yellow lines and is approaching the exit from it.
Let's start by setting goals for the near future that we can consider:
T1 = $ 1,327
T2 = $ 1,339
T3 = $ 1,351
T4 = $ 1,369
and
T5 = $ 1,391
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 1,314
SL2 = $ 1,305
SL3 = $ 1296
SL4 = $ 1288
and
SL5 = $ 1277
Looking at the CHOP indicator, we can see that in the 1H range we have a lot of energy, and the MACD indicator shows a local downward trend.