Loosely drawing a fib channel on the ada btc pair. Probably the current channel will go deeper first and it will not go up from here but Q3 2023.
Fibonacci channel with zero line from 2009 low to 2020 low and 100% at January 2018 high, the lowest VIX has ever been. See previous monthly chart published as well.
Zero line is from 2009 low to 2020 low. 100% is Jan 2018 high, which is also the lowest $VIX has ever been. I will also publish daily chart, which is a must to see imo.
Fibonacci channel with zero line stretching from 1942 low to 1974 low, and 100% at December 1961 high. The chart is in logarithmic scale. A few interesting things to point out: 1. Price only surpasses the 100% level during the dot com bubble and 2021-22 when the Fed's money printer was running wild (another bubble). 2. Price between the 78.6% and 100% level seems...
Primary Chart: BTC's Right-Angled Triangle "Don't catch a falling knife" is an oft-quoted aphorism among traders and investors. At its core, it's a warning about the dangers of buying into a downtrend or sharp drop before price has shown evidence of a bottom. Of course, there are profitable trading moves around buying dips in uptrends , and this cautionary...
Primary Chart: NVDA's Primary Trend Since Its All-Time High November 22, 2021, with Anchored VWAPs SUMMARY: NVDA appears to have begun a countertrend rally within the context of a sharp downtrend. Other countertrend rallies have ranged from 28.9% to 40.17%. Don't be fooled by a show of strength that does not change the overall structure. Countertrend trading...
Primary Chart: Fibonacci Channel and Fibonacci Retracements for June-August 2022 Rally The bear market cannot be finished even if a bear-market rally happens tomorrow that leads BTC above its 11-month trendline. Dip buyers keep jumping in to "find the bottom." The five stages of a bear market include denial, anger, bargaining, depression, and acceptance ....
Today saw volatile, whipsawing price action in both cryptos and equity indices. BTC was no exception. As discussed in an article on September 19, 2022 at the start of this week (see link in the Primary Chart above), the US Federal Reserve Open Market Committee (FOMC) has held their September 2022 meeting on Tuesday and Wednesday this week. This meeting concluded...
Primary Chart: Fibonacci Channel with Fibonacci Retracements of Entire Summer Rally BRIEF SUMMARY: Price continues to chop above and below the $19,246 retracement level identified in prior posts in recent days. Price action appears to be consolidating before the next trend move—this next downward flush may occur very soon. During this consolidation,...
Primary Chart: Several NDX / QQQ Trendlines and Multi-Year Support Zone at $254-$267 SUMMARY : The downtrend has resumed since the consolidation pause in the days leading up to the FOMC presser on September 21, 2022. Shorter-term targets include June lows at $269-$270, and if June lows are violated, the next target range is $254-$267 on QQQ, which equates...
The US Federal Reserve Open Committee (FOMC) meets Tuesday and Wednesday this week. The hawkish monetary policy that has been fostered by the FOMC has put pressure on risk assets for much of this year. The Federal Reserve, along with other central banks around the globe, have been attempting to tackle sticky inflation that has been running at high levels not seen...
straight up fib channels to center myself keep it simple, silly
20W moving average (and a white shadow of a 21W EMA) has historically indicated a good near term cost basis. With a fitted fibonacci slanted channel (and more-or-less randomly extending the 20W average) we can plot a possible path for BTC, dancing between past fib level trend lines for resistance at important price levels, while also holding support at this...
Hey traders, Taking a Fibonacci Channel from March 2020 lows, the 2018 bottom, and the 2019 summer highs gives us some key S/R levels. The 1.272 trend line (currently at 31-32k) looks like a possible area that we will hold before breaking/ bouncing. If this ends up bouncing it will go back to test the 1.618 trend line. However, if the price action manages to...
Hey Traders, Litecoin has been an interesting lagging asset but has had very neutral projections. This is because while it looks like it's bullish, there are many other factors that could present a larger downtrend. First off, the Litecoin Dominance (LTC.D) is currently in a massive downtrend similar to the other OG cryptocurrencies such as Monero, ZCash, Dash,...
In Alignment with a Chart based Bullish on 'Quality Risk' stance for foreseeable: A multi perspective case: The Rising Euro to USD from time of this posting, to upside target: ~1.40 🐂🏄♀️🧙🏻♀️ Please See Detailed Charts Below - FX_IDC:EURUSD FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD CAPITALCOM:EURUSD SAXO:EURUSD GLOBALPRIME:EURUSD ...