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Fibonaccianalysis

USD/JPY:- Bullish butterflyUSD/JPY doesnt for.ed a drop that I hope. What it's mena in this update that USDJPY for.ed a bullish butterfly harmonic ic pattern here. I closed up my short and put in Long in Usdjpy. Around $136.66 JPY. Stop Loss to $136.11 JPY and target to $137.66 JPY. I will update this par when I go back to my home in the afternoon. Because the price action show me a diferente perspective that could to occur in the Usd Please entry in Long now and follow my SL and take profit. We dee a bullish butterfly harmonic pattern.
Long
by harisonhbn9718
1
BTC Changed Market Structure- We're Back into the previous RangeBINANCE:BTCUSDT INDEX:BTCUSD BYBIT:BTCUSD We were making higher highs and higher lows on the Bitcoin chart, but we have lost that bullish market structure, bringing price back into the previous range that we were in since the 11th of June 2022. We are in a fib golden pocket reversal area, but I don't trust this bounce and I explain why in the video. My plan is to wait for higher or lower before getting in to a trade and I show you which levels I'm waiting for. Long, Short, it doesn't matter. What matters is that we're making money off both sides! Not Financial Advice. DYOR. Papertrade before trading with real money. If you liked this idea, please give it a thumbs up and follow. Comment on how you are trading BTC right now. Safe trading! Shawn
BYBIT:BTCUSD.P
by zartraderguy
GST is falling after the last huge spike!Hello everyone, let's take a look at the 1H GST to USDT chart as you can see the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 0.0783 T2 - $ 0.0895 T3 - $ 0.0989 T4 - $ 0.1078 and T5 - $ 0.1205 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.0552 SL2 - $ 0.0523 SL3 - $ 0.0450 SL4 - $ 0.0370 and SL5 - $ 0.0330 Looking at the CHOP indicator, we can see that in the 1H range most of the energy has been used, while the MACD indicator shows that we are continuing the downward trend.
GShort
by cryptodailyuk
2
BTC resisted on support!Hello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price is moving below 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 $ 21,736, if the support breaks down, the next support is $ 20,976 and $ 20164. Now let's move from the resistance line as you can see the first resistance is $ 23063, if you can break it the next resistance will be $ 24730 and $ 26379. Looking at the CHOP indicator, we can see that we have little energy in the 1-day interval, and in the MACD indicator we can see that the blue line is approaching the red crossing from above, which may confirm the local downward trend.
by cryptodailyuk
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
Will CAKE in pair BTC beat its goals?Hello everyone, let's take a look at the 1D CAKE to BTC chart as you can see the price is moving in the local uptrend channel. Let's start by setting goals for the near future that we can consider: T1 - 0.0001561 T2 - 0.0001664 T3 - 0.0001768 and T4 - 0.0001915 Now let's move on to the stop loss in case of further market declines: SL1 - 0.0001463 SL2 - 0.0001407 SL3 - 0.0001326 and SL4 - 0.0001225 Looking at the CHOP indicator, we can see that we have a lot of energy in the 1-day interval, and in the MACD indicator we see that the blue line is approaching the red cross from below, which would confirm the upward trend.
by cryptodailyuk
ETH just ahead of the $ 1,679 target!Hello everyone, let's take a look at the 1D ETH to USDT chart as you can see the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 - 1679$ T2 - 1898$ and T3 - 2175$ Now let's move on to the stop loss in case of further market declines: SL1 - $ 1,452 SL2 - $ 1,345 SL3 - $ 1,257 SL4 - $ 1167 and SL5 - $ 1,038 Looking at the CHOP indicator, we can see that in the 1D range, energy has been used and the MACD indicator shows the local upward trend.
by cryptodailyuk
BTC is moving in the local uptrend channel!Hello everyone, let's take a look at the BTC to USDT chart over a 1 day timeframe. As you can see, the price is moving in the 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 $ 22,726, if the support breaks down, the next support is $ 21,753, $ 20,935 and $ 20149. Now let's move from the resistance line as you can see the first resistance is $ 23039, if you can break it the next resistance will be $ 24,703 and $ 26,379. Looking at the CHOP indicator, we can see that on the 1-day interval most of the energy has been used, and the MACD indicator shows a local upward trend.
by cryptodailyuk
2
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
USOIL - Bearish analysis & lessonG'day all, hope you're well! I don't usually publish my ideas, but I thought this might be worth a look since I've been experimenting with the effects of EMAs and Fibs on charts in what I like to call "Order of Priority". So, let's dig in. Before you read on, you hereby acknowledge that you will possibly be exposed to crappy chart jokes that may or may not include some form of innuendo and will likely be dad level, as well as a long-winded explanation. There are a few things happening in this chart that point to a short term downside target or at least $80/barrel - possibly lower. The first is the obvious giant 'W' pattern whose target was suspiciously met to within a buck or 2. The way I measured it is by running a Fib retracement from the last high prior to the W to the first wick after the lowest wick - I did this to find the .618 (dotted line Fib retracement on the left). I ignored the major drop as it was an anomaly. The wick after it lined up with the previous market bottom which made more technical sense. The .618 lines up perfectly with the 'W' neckline, so now we have a beginning and end point for a measured move - from the .618 down to the legitimate wick. Move that line upward and you have your target that met with scary precision. W patterns usually retrace to the neckline which is usually a .5 Fib after the move plays out, which lines up with the .618 Fib that we used to find the neckline. If it retraces lower, it's usually a speedy move to the .618 before becoming range-bound at around the .5. I've found this to be pretty typical of 'W' patterns in general. Secondly, we have the RSI and MACD indicators looking all depressed. A solid bearish divergence on the RSI and a downticking MACD, like 2 emo teenagers fighting over a black tshirt. In my experience, bearish divergences don't tend to reset until they first hit oversold territory, and there's a bit of a way to go before that happens. That distance in the RSI from the current position to oversold lines up nicely with a price movement to the $64 - $70 zone, assuming there's a quick buy-up. The MACD usually doesn't confirm a reset for the next move up until it falls below the median line and crosses upward again with conviction. Conviction is key here, it can't be a half-assed cross over like those 2 emo kids. Thirdly, we have the EMAs. The values I use are Fib values: 9 (blue), 13 (purple), 21 (red), 55 (yellow), 200 (Sasha Grey), 600 (light grey). There's a nifty rule I found works great after major moves: * If after a major move the price falls below the 9 EMA and fails to get back above on retest, we're going to the 21 EMA. * If the price falls through the 21 EMA and fails to get back above on retest, we're going to the 55 EMA. * If the price falls through the 55 EMA and fails to get back above on retest, we're going to the 200 EMA. * You get the point, same for the 600 EMA. Right now, it's failed to get back above the 21 EMA on retest. Guess what the next target is? Now here's the kicker, if it falls through the 55 EMA, the 200 EMA is waiting for the price right at the neckline of the W pattern, with the 600 EMA resting right on the 0.5 Fib retracement when measured from the major low to the major high (dotted line Fib retracement on the right). Coincidence? Who knows. "OK smartass, so what happens when we fall through ALL the EMAs then?" I hear you ask. First, don't be a wickhead. There's an order to these things. Everything has its own gravity in the charts, which is why I described everything above in that order. What has the most gravity, I believe, is the .618. That's at around $46 - $49. If the price falls through all the EMAs, that is the next major safe target. I say safe because of risk level. Sure, it could wick as low as the thick blue support trend line, but price will generally equalise at the .618 over time and it's generally where buy orders fill when these EMAs are broken. Placing any below there is an idea, but they're less likely to fill. "Damn it Shifty, why didn't you just call the .618 instead of wasting our time with your crap about colourful lines and levels that sound like pasta?". Well, because each of those steps has it's own trading opportunities, particularly the EMA rule. On a lower timeframe, the trades in the EMA zones alone when you reference the weekly are gorgeous. I hope this is helpful to someone out there who could play around with these concepts on other charts. I have other rules that I've come up with to do with Fibs and EMAs, so if you liked this crappy dad-joke of a lesson, let me know in the comments and I might go into more stuff down the line :) Stay safe all and happy trading!
TVC:USOIL
by Shifty-Ifrit
2
FTM continues the local uptrend.Hello everyone, let's take a look at the 1D CRO to USDT chart as you can see that the price has returned above the local uptrend despite its decline. Let's start by setting goals for the near future that we can consider: T1 = $ 0.1081 T2 = $ 0.1109 T3 = $ 0.1140 and TT4 = $ 0.1181 Now let's move on to the stop loss in case of further market declines: SL1 = $ 0.1061 SL2 = $ 0.1046 SL3 = $ 0.1031 SL4 = $ 0.1011 and SL5 = $ 0.0984 Looking at the CHOP indicator, we can see that in the 1D range most of the energy has been used, while the MACD indicator shows a local upward trend.
by cryptodailyuk
1
The FTM fights the resistance on the 1 day interval.Hello everyone, let's take a look at the 1D FTM 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 - $ 0.3208 T2 - $ 0.3589 T3 - $ 0.3985 and T4 - $ 0.4529 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.2952 SL2 - $ 0.2769 SL3 - $ 0.2573 and SL4 - $ 0.2295 Looking at the CHOP indicator, we can see that in the 1D range the energy has been used, while the MACD indicator shows a local upward trend.
by cryptodailyuk
BTC SHORT 1H!Hello 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 below 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 $ 22,879, if the support breaks down, the next support is $ 22,652 and $ 22,340. Now let's move from the resistance line as you can see the first resistance is $ 23077, if you can break it the next resistance will be $ 23,208, $ 23,314 and $ 23,415. Looking at the CHOP indicator, we can see that in the 1-hour interval the energy is increasing and the MACD indicator shows a downward trend.
Short
by cryptodailyuk
1
DOT SHORT 4H INTERVALHello everyone, let's take a look at the 4H DOT vs. USDT chart. As you can see, the price has dropped below the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 7.38 T2 = $ 7.51 T3 = $ 7.62 and T4 = $ 7.73 Now let's move on to the stop loss in case of further market declines: SL1 = $ 7.26 SL2 = $ 7.00 SL3 = $ 6.77 and SL4 = $ 6.43 Looking at the CHOP indicator, we can see that in the 4H range we still have a lot of energy, while the MACD indicator shows a local downward trend.
Short
by cryptodailyuk
Will BTC stay above the local uptrend?Hello everyone, let's take a look at the BTC to USDT chart on a 1 hour timeframe. As you can see, the price stayed 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 $ 22,262, if the support breaks down, the next support is $ 21,605, $ 20,985 and $ 20,044. Now let's move from the resistance line as you can see the first resistance is $ 22,799, if you can break it the next resistance will be $ 23062, $ 23286, $ 23,534 and $ 23,848. Looking at the CHOP indicator, we can see that on the 1-hour interval, the decline in energy has stopped and the MACD indicator shows a temporary sideways trend.
Short
by cryptodailyuk
WILL BTC BACK TO $ 30K?Hello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price is moving above 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 $ 22,792, if the support breaks down, the next support is $ 21,780 and $ 20,991. Now let's move from the resistance line as you can see the first resistance is $ 24748, if you can break it the next resistance will be $ 26343 and $ 28848. Looking at the CHOP indicator, we can see that in the 1-day interval some energy was used and the MACD indicator confirms the upward trend.
by cryptodailyuk
5
ADA/USDT TARGETS AND STOPLOSS 4HHello everyone, let's take a look at the 4H ADA to USDT chart as you can see the price is moving above the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 0.5362 T2 - $ 0.5672 T3 - $ 0.6126 and T4 - $ 0.6695 Now let's move on to the stop loss in case of further market declines: SL1 - $ 0.5151 SL2 - $ 0.4939 SL3 - $ 0.4763 SL4 - $ 0.4587 and SL5 - $ 0.4333 Looking at the CHOP indicator, we can see that in the 4H range most of the energy has been used, and the MACD indicator shows a local upward trend.
Short
by cryptodailyuk
DOT / USDT 4H CHART - fight the resistance!Hello everyone, let's take a look at the 4H DOT to USDT chart as you can see the price broke above the local downtrend channel and started a local uptrend. Let's start by setting goals for the near future that we can consider: T1 = $ 7.96 T2 = $ 8.49 T3 = $ 9.10 and T4 = $ 9.94 Now let's move on to the stop loss in case of further market declines: SL1 = $ 7.55 SL2 = $ 7.26 SL3 = $ 7.00 SL4 = $ 6.77 and SL5 = $ 6.43 Looking at the CHOP indicator, we can see that in the 4H range we still have energy to continue the movement and the MACD indicator confirms the local upward trend.
Short
by cryptodailyuk
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 - $ 278 T2 - $ 304 and T3 - $ 337 Now let's move on to the stop loss in case of further market declines: SL1 - $ 251 SL2 - $ 238 SL3 - $ 228 SL4 - $ 217 and SL5 - $ 202 Looking at the CHOP indicator, we can see that in the 1D interval most of the energy has been used, while the MACD indicator shows that we are in an upward trend.
by cryptodailyuk