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Fibonaccianalysis

#Nikkei buying opportunitHello, traders and friends. I hope you all doing well. Let's delve into NIKKEI chart and explore why we believe there may be a potential Buying opportunity. The three-wave bearish corrective nature of this downward leg, following a bullish impulsive wave we observed on the chart, suggests the possibility of another bullish move, potentially testing at least the upper boundary of our longer-term bearish trendline channel. Supportive confluences that we have observed include the inner trendline, which has acted as both resistance and support multiple times, indicating traders' awareness of its significance. Additionally, the price has reached a static support line and a demand area from above, both of which serve as important support levels. Furthermore, the price retraced around 50% of the Fibonacci level of the last bullish move. Additionally, we've observed the formation of a 4-hour bullish engulfing candle, which can be seen as a trigger for this potential buying setup. If you have found this analysis helpful, please take a moment to leave a like and a comment or share your idea with me.
SPREADEX:NIKKEILong
by mohemati
1
XAUUSD_13 Oct 2023_Several Reasons to Seek a Sales PositionThis analysis uses daily timeframe , and here are some reasons to support seeking a sales position: 1. Currently XAUUSD in bearish position 2. The price in bearish resistance 3. The price also in fibonacci retracement area 78.6 4. The price has the potential to develop a pattern AB=CD So, we can wait to seek a sale position like waiting for bearish candlestick pattern. Notes: This is not a recomendation to buy or sale, this is my own analysis. So, all all responsibility is yours. Thank you.
OANDA:XAUUSDShort
by moca_nomic
ACH-1188%?I posted a chart idea for ACH previously. ACH seemed to have a recent fakeout from the white trendline, and it looks like price will still have more to retrace. This is just a prediction, but I believe ACH will retrace to the .786 area( a bit past that, more than likely to the 1.618 of the rising wedge), form a mini accumulation zone and breakout. IF price breaks from this area to the 1.618 extension, that would be a 1188% return. This is not financial advice, just a prediction.
KRAKEN:ACHUSDLong
by OPT1565
What is Support & Resistance (S&R)? What Types of S&R?Support & Resistance (S&R) is one of the basic topics that we need to know in trading, whether trading forex, shares or cryptocurrency. Support & Resistance can show the upper and lower limits of price movement in a certain time. *) Resistance is the upper limit to limit prices from rising further. *) Support is the lower limit to limit prices from falling further. The market moves because of differences in demand and supply. When demand is greater the price will rise, if the supply is greater the price will move down. Types of Support & Resistance: 1. Classic S&R The way to determine S&R in Classic S&R is using previous swing high and swing low as referece (picture no.1) The advantage of using this method is we can know previous S&R and we can use that as our reference to determine target profit, or stop loss area. The weakness of using classic S&R is when the price break S&R we don’t know the next S/R 2. Dynamic S&R The way to determine Dynamic S&R is using moving average. We determine high point & low point when price touch moving average diagonal line. (picture no.2) 4. Harmonic S&R Harmonic S&R Is useful to determine S&R when price in all time high. The weakness of Classic S&R is when the price break S&R we don’t know the next S&R, because of that we use Harmonic S&R to analyze the next target profit or loss area. We use Fibonacci methode (picture no.3) to determine S&R How we know this is a strong S/R or not? That is a strong S/R when the price touch the S/R area and the price have a strong movement. Function of Support & Resistance Support & Resistance makes us know if this area can be a price target area, so we understand if the price doesn’t always go up or down, so we must to take profit and we have to put a stop loss. In stock market activity, support & resistance prices indicate certain psychological levels, like: *) Support is the level where people buy shares at the lowest price and make a profit when the price rises. *) Resistance is the level where people have bought shares at the highest price and experienced losses because the price fell. That activity becomes a repeating pattern. People tend to buy at the support price because they know the price will rise and when the price is almost or already in the resistance area they will sell. In the Forex market, we can have 2 positions in the same time, So when the price is at the support we can make a purchase, and when the price is at resistance we can sell the previous position and in the resistance area we can also look for a selling position with a profit target in the previous support area and a stop loss area above the resistance area, because if price breaks through the resistance, price will continue to rise and create a new resistance. Notes: 1. The source of this writing comes from several ideas that I have read, heard, or experienced personally. So if those of you reading this post & feel this is your idea, Please allow me to share again, because maybe I also learn from you. 2. The topic of Fibonacci and Moving Average will be discussed at another time Thank You. 28 Sep 2023
BINANCE:BTCUSDEducation
by moca_nomic
4-Hour Bitcoin Trading: Fibonacci Moving Average (FMA) Strategy Hey there, Bitcoin enthusiasts! Today, I want to share with you about a popular trading strategy that I use everyday, with Fibonacci Moving Average (FMA) numbers. I'll zoom in on the 4-hour chart to get a closer look at how it works. This strategy can provide some valuable insights into what's happening in the market, and I'll break it down step by step. EMA 144 Crossing EMA 233 After a Bearish Engulfing Candle: So, first things first, when we see the EMA 144 crossing below the EMA 233 right after a bearish engulfing candle, it's like a red flag waving at us. This suggests that the selling pressure is building up, and it might be a sign that prices are about to drop. Breaking the EMA 610 Support (Since Jan 2023): Next, we've got the EMA 610. This line has been a strong support level since January 2023. When the price breaks below it, it's like breaking through a safety net. It tells us that market sentiment is changing, and we might be entering a bearish trend. Retests and Rejections: After that, we see a series of retests of different EMAs – the EMA 610, EMA 233, and EMA 144. And guess what? Each time, there's a big rejection. These rejections are pretty significant: EMA 610 Rejection: The first time we try to get back above the EMA 610, it says, "Nope!" This reinforces the idea that this line is now acting as resistance, not support. Second EMA 610 Rejection: We give it another shot, but no luck. The EMA 610 is still saying, "I'm not letting you through." It's like a stubborn gatekeeper. Sideways Movement: Then, we see some sideways action. Prices are stuck between the EMA 144 and EMA 233. It's like a tug-of-war between buyers and sellers. Nobody's sure where things are headed. Drop to Test Support: Eventually, we take a plunge to test lower support levels. This is in line with the bearish outlook, indicating that we're exploring lower price ranges. Pullback and EMA 233 Retest with Huge Rejection: Finally, there's a pullback, and we give the EMA 233 a shot. But it slams the door in our face with a big rejection. This tells us that the bears are still firmly in control. Now, why do we see these rejections? Well, it's partly because of human psychology. Traders who missed the initial breakdown of these EMAs see these retests as a second chance to sell. Plus, big players like institutions and algorithmic traders often pay close attention to these levels, making them even more important. It's like a self-fulfilling prophecy – everyone expects a rejection, so it happens. In a nutshell, the Bitcoin Fibonacci Moving Average (FMA) strategy on the 4-hour chart is a valuable tool for navigating the crypto market. By analyzing things like EMA crossovers, support breaks, retests, and rejections, you can get a solid grasp of what's going on and make smarter trading decisions. Those rejections at key EMAs remind us that technical analysis and human behavior play a big role in crypto trading – it's not just about numbers and charts!
INDEX:BTCUSDShort
by sailortrades
Bitcoin Price and DominanceHello traders. Sharing a Bitcoin analysis along with its dominance in the right panel. 🗓 Today (on 04/18) the price retraced to the exponential average of 21, in the 61.8% Fibonacci retracement. 💹 Continuing this bullish move, the next target by the Fibonacci projection would be at $ 31,387.00 Should there be a further correction, a possible entry point would be below the last low at $ up to $ 28,917.00, only after a confirmation of a bear trap. 🔎 Looking at the Bitcoin dominance chart on the right, we can see that the index is in an important region, testing the 200-period exponential moving average. That said, we can outline the following scenarios: 🚀 🔴 If the crypto market continues to rise, but BTC dominance drops and does not break through this resistance, it means that Bitcoin will be performing worse against altcoins; 🚀 🔵 If the crypto market continues to rise, and BTC dominance rises, breaking this average, it means that Bitcoin price will perform better than altcoins; 🐻 🔵 If the crypto market undergoes a correction, and BTC dominance rises, it means that altcoins will be falling more than Bitcoin; 🐻 🔴 If the crypto market undergoes a correction, and the dominance of BTC falls, it means that Bitcoin will be falling more than altcoins. I hope this helps.
Long
by andre_007
4
MUX: a decentralized derivatives market aggregator📜 Overview The MUX Protocol Suite is a set of two components: 1. a decentralized leveraged trading protocol, offering zero price impact trading, up to 100x leverage, self-custody, aggregated liquidity; 2. a sub-protocol that automatically selects the most suitable liquidity route and minimizes the composite cost for traders while meeting the needs of opening positions. Currently MUX is deployed on Arbitrum , BNB Chain , Optimism , Avalanche and Fantom . In short, just as 1INch is to Uniswap , PancakeSwap , Curve , and other DEX, MUX is to GMX and GNS . 📈 Graphic analysis The price is in an impulsive wave 3. A possible entry would be after an ABC correction at $9.25. If the price breaks the last historic high and rises wildly, expect a throwback. The target on the 1.618 Fibonacci projection sits at $37.36, having a 167% upside potential. Comparing this asset with others of the same class of derivatives, perpetual or futures (putting BTC together just to have a reference), we can see that this year the MUX token performed the best. ⚠️ It is worth mentioning that it is a highly risky and speculative operation, with an asset that is under the radar. It still does not have trading on large exchanges, such as Binance and Coinbase for example. Do your own research and take your risks.
Long
by andre_007
Matic: Sell in May and go away 🐻⁉️📆 We can see that the month of May is a crucial month. The range contained in the 🟥 red rectangle has already been tested several times, and in May last year we had a sharp drop. Here we are again in the month of May, on top of that range. Will it fall again? I don't know. But if it drops again, I would bet on a drop to some Fibonacci region drawn on the chart, and after any reversal signals I would look for an entry. But before that, I believe that there will be a spike in the rise, and depending on the context, it will not even fall as expected. Just having a crystal ball to know. 🔎 Doing a complementary analysis using on-chain data, we can see that Uniswap's liquidity pools suffered a relevant decrease in the month of May: 🔎 And the total trade volume on Uniswap (in USD) also has this setback: 🔎 Another item that I found interesting to point out, looking at the on-chain data, is the "New address created with non-zero starting balance" in the blockchain, which broke down an important level: 🟢 Despite everything, I remain bullish. It's not because the last month of May was bad that we will necessarily now have a bad month too. The last three arrows in the red rectangle indicate that there was a test in this region, and the price did not break down, which could indicate that at least we will have a rebound if there is a stronger drop. Another thing to note is that the TVL (Total Value Locked) in blockchain seems to be showing signs of reversing:
MLong
by andre_007
2
PolyDoge review (memecoin)First of all, I think it's important to point out that I don't invest in meme-coins and I don't see any value in it. This is just an analysis with a more humorous and entertaining content, which I did in my free coffee time. I would never put my life savings in such a place... Asterisks aside, let's get to the analysis. A brief introduction PolyDoge is a memecoin token contained on the Polygon blockchain. It offers an ecosystem of NFTs, Dapps and airdrops. Source: Polydoge website Price analysis Price is above a diagonal support line. If I were to position myself on this, I would aim for a profit of at least 40% touching the diagonal resistance line. Looking at a lower timeframe, we could place a tighter stop or target: "There is no expensive stop, what exists is bad risk management".
Long
by andre_007
4
GBPUSD. SELL HERE!Certainly, here's the translation of your technical analysis for GBP/USD today: 1. In terms of market structure, GBP/USD is clearly in a downward trend. It exhibits lower highs and lower lows. 2. It appears that GBP/USD may be following a 5-wave structure. At points 0, 1, and 2, we can anticipate that GBP/USD will continue to decline in the near future. 3. Trendlines indicate that the price continues to respect the slope and wave amplitudes. Indicators and volume suggest that the price is slowly decreasing. It is predicted that there will be a corrective wave 3-4 soon. 4. Prediction: When the price approaches the upper trendline, we can consider SELLING based on the descending structure of GBP/USD in waves 4-5. This may mark the temporary end of the downtrend. Please note that this analysis is based on technical indicators and historical price patterns, and actual market movements may vary. Always use proper risk management and consider multiple factors when making trading decisions.
Short
by KC_Trader77
3
Bullish and Bearish EURUSD OutlookBullish and Bearish EURUSD Outlook What we see we trade, as we are end of Sept 2023 last weekly of trade playbook for EURUSD. Monthly Playbook As we have witness 38.2% of Fibonacci scale multiple touches at the same time RSI 8 is crossing from top to RSI 13. (RSI 45.78) As we see we are bearish trend. To read the same after July candle inverted candle. ( & ) perfect text book example of inverted candle. Aug candle with upper and lower wick engulfing candle. As we are in month of Sept last week did touch 38.2% Fibonacci Scale but did not close below we are still one more week to get this monthly candle. Weekly Playbook As we have witness last week close as inverted hammer weekly ( ) Again we see inverted hammer is close below 38.2% of Fibonacci scale, ( )which mean we are having bearishness in market as well monthly candle is near to 61.8% clustering with 38.2% Fibonacci Scale. Daily Playbook There are is similarity checker ( ) as identify on 18th July with fractal formation and market becomes a bearish. Last couple of day getting rejected from bottom creating double bottom candles. With Fibonacci Scale last 2 candles. Thursday 21st Sept 2023 candle perfect text book example close 38.2% and Friday 22nd Sept candle is 50% which mostly likely to get failed mean as we see rejection from bottom will not carry out to bullishness. ( ) As market open we will update on the same link as real time any new trend.
by shoonya0000
ETH/BTC - Flippening ... What Flippening ???My analysis of the ETHBTC chart suggests that there will be no Flippening, neither soon nor ever, an idea which I hope you will challenge with tough questions. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best. As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. Although my trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION, this is not a trade, per se, but the consummation of my understanding of the future of Ethereum as a "commodity". Furthermore, I am preparing the charts of XRP/ETH and AMP/ETH as part of the complete analysis. Now that I have enough followers for live-streaming eligibility (many thanks!), I intend to do a recurring weekly show on prospecting within the cryptosphere, where those charts and others will be showcased regularly. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!
by TheLeadingIndicator
3
#STMX 1 HOUR PERFECT GOLDEN POCKET BOUNCE🎯🔥🤓Hey there, fellow crypto enthusiasts! 🚀 Let's dive right into the exciting world of cryptocurrency trading with a focus on #STMX (StormX) and its recent 1-hour performance that has got us all buzzing! 📈💥 So, here's the scoop: #STMX has just pulled off a perfect golden pocket bounce on the 1-hour chart. 🌟 What's that, you ask? Well, my friends, it's a pretty cool trading strategy that involves identifying a specific Fibonacci retracement level (the golden pocket), and when the price bounces off that level, it's like hitting the jackpot! 🎯💰 In simpler terms, this bounce suggests that #STMX found solid support at a key level, which can be a really bullish sign for us traders. It means that there's some strong demand for #STMX around that price point, and it's not just a random spike. 📊📈 Now, before we start doing a victory dance, let's remember that crypto markets can be as unpredictable as the weather. 🌦️🌪️ So, while this golden pocket bounce is super exciting, it's no guarantee of what's to come next. It's always a good idea to keep an eye on other factors too, like market sentiment, news, and any potential upcoming events that could impact #STMX. 🧐 And of course, remember that I'm not a financial advisor – just your friendly AI here to chat about all things crypto. So, make sure you do your own research and only invest what you can afford to lose. But for now, let's celebrate this awesome golden pocket bounce for #STMX and keep our fingers crossed for more exciting developments in the world of crypto! 🚀🔥😎
SLong
by sailortrades
BTC - Areas of interest.Let us put it this way. Why do we use charts? To find out areas of interest so we can trade. What are those areas for BTC? SIDEWAYS: We are looking at a continuation of the range 25,000 to 31000 which has formed since march. UPSIDE: Regaining and holding above 30,400, we shall look for first target of 35,000 and second target of 41,000. DOWNSIDE: If we breach the low of September 11 (25k+-) We are looking for a retest of 21,500. Until then, the plan is to continue sideways until proven otherwise. This still means we go up from here.
INDEX:BTCUSDLong
by dollarprinterx
Advanced Analysic for GBPJPY: SELL and BUYMy analysis of the GBPJPY forex pair is as follows: 1. Market Structure: I have identified the primary wave structure, marked in red on the chart. The corrective wave structure, labeled 0A-BC and marked in blue, is also evident. By employing additional techniques, I anticipate that the correction will conclude at the designated point C. 2. Price Action Momentum Channel: On the chart, I've identified a bearish momentum channel. I anticipate that the price will reach the lower boundary of this channel, and this could present an opportunity for buyers to enter the market. 3. Fibonacci Analysis: I've identified significant price reaction zones using Fibonacci analysis. In conjunction with other analytical methods, I predict that the price will react notably at two critical levels, particularly in the presence of substantial economic news. 4. Indicator, volume histogram & RSI analysic. Thank you for considering this analysis.
Long
by KC_Trader77
6