Get started

Fibonacci Circles

Fibonacci Waves / Weak Market Hypotheses On the above chart I investigated the relationship and continuation of 'waves' within the Fibonacci Circle. Due to its incredible success, I decided to look over it again. On this chart I show very comparable formations (formation 1) (formation 2) Formation 1 is contained within 0.786, while formation 2 extends through the 1 level Applying the same Logic with the continuation through 2.618, the bars pattern placed is price inverted from previous move through 2.618 The Weak (form) Market Hypothesis suggests " that today’s stock prices reflect all the data of past prices and that no form of technical analysis can be effectively utilized to aid investors in making trading decisions." I find this interestingly applicable to this scenario, with repeated formations, in repeating fib levels.
BITFINEX:ETHUSDEducation
by Bixley
8
SILVER - iv Head and Shoulders trade !!Hello trader, profitable deals 💲 1D chart Silver iv Head and Shoulders trade ! Entry-SL - can you find in the chart! After a failed eruption of the falling wedge, XAG formed a clean IV HuS. The right shoulder starts exactly at the 2,618 Fib Time Extension. After that we could see a nice breakout. IMO are fighting with the MA200 and 300. A little further down we are supported by the MA25. But I assume further upward movements!!! I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save !!
OANDA:XAGUSDLong
by TR7z
BTCUSD I see BTC going back to its ATH , and if price breaks above I see it heading up to the next fib level which is 75,525 ish- on this monthly fib circle. Price has reacted and respected all previous Fib Circle levels. My sell break and buy break areas are listed there. If it breaks my by break at 63993 it will go to the ATH at around 64,745.0 Here price will either break or reject back down to about 60k If price doesn't break 63,993 but instead breaks the sell break at 63662, then I predict price will retrace back down to 60k as well
BITFINEX:BTCUSD
by bmoney2020
4
BTCUSD Fibonacci Circles and Challenge of Sweeping 53K Local TopHit the reset button, to get closer (applies to your crush too) The levels in blue that appear to be lines are actually Fibonacci circles (if you zoom out) with a trend line that starts from the 2015 bear market bottom and acts as support in BTCUSD's uptrend towards 20k and also acts as support in 2018 bear market. The price has been hugging this trend line for years before and during take-offs to the upside. Around the 65k top and around the 53k recent local top, these circles have clearly acted as resistance, not to mention the very clear support at 30k region. The much smaller black Fibonacci circles have a trend line starting at the recent point of time and price from where the mid-term rally began in late July, and its trend line has been the region of support during the recent 18% crash. If you look close, as of now these black circles are providing support and resistance levels. Interestingly, the trend line crosses 65k in late Oct - early Nov but, that could be a coincidence and time will tell. Note that Fibonacci circles encompass the same Fibonacci sequence that sets the same ratios between these circles and likewise, have not been adjusted to meet the price. Based on this, the price could face relevance (in terms of both support and resistance) when it reaches the next blue circle that's currently sitting around 51k but gets much lower with time if you observe the chart and the pattern. ***This makes perfect sense in terms of how we all anticipate sweeping the 53k local top, because from where we are now, breaking 51k in the near future would make the market easily rush towards 53k and potentially break it. At the same time, that also means that if we take much longer to get towards 53k, we would only be encountering the same resistance circle at lower and lower levels, and that's a fact that syncs with the aforementioned sentiment shift of the market. In this case, given the impression of averaging below 50k for long enough, breaking 50k itself would already be signaling at potential to break 53k. On a contrarian note, that same potential sentiment shift could turn a bull trap until these resistances are broken not just via price but time, aka confirmation. If we start losing support from the black Fib circle the price is currently on, there's support from the next region of the same circle around 40-42k and next at 38k. In a less bearish scenario in the short-term, the price could slowly keep bouncing off of the black Fib circle sloping to the downside, from 47.5k to 44k, acting as support (or resistance if we go lower too quickly).
BITFINEX:BTCUSDLong
by Powerslider69
1
ADAUSD Long-term Trend and Price Confluence to Fibonacci CirclesThe blue ascending parallel channel starts resonating with the price since all the way back in Mar 2020 could give ADA support as long as it stays within it. Notice how I've placed the bottom of this channel above the price in Jul-Aug 2021 to denote it was acting as resistance and in doing so, the mid-line of the channel is more in confluence with the price all along than not, acting as support and resistance at different times. The same applies to Feb-Mar 2021 when the top of the channel was support; or depending on how you look at it, the price was attempting to break out of it. A parallel channels are easy to draw and in minor timeframes they could act as continuation patterns that theoretically take the price in opposite direction to the channel itself. But in the long-term, the price can return to the channel, partially also because long-term parallel channels cover a large area with price-time probabilities. The same applies to the Fibonacci circles (in black) that the price could be in confluence to not just levels, but time too while Fib retracement levels would give you only levels, but I do agree they're very useful too. Neither Fib circles nor channels give you exact price targets but, areas and also points of time in which the price can face significant supports and resistances, or break-outs. ADA is in the region of the bottom of the blue long-term parallel channel that, holding above it would still be bullish in the large timeframes. Currently, that's at 2.2-2.4 USD and if ADA bounce off quickly from this region, the probability to the upside with a mid-term trend reversal increases, until proven otherwise (better with retests of course). Falling out of this channel for a substantial amount of time (weeks or months) could present an opportunity to trade away from it OR trade into the channel in the future, into a new-old trend to ride on with a tight-stop loss, higher reward for lower risk. Note: Indicators belonging to large timeframes covering large areas have their levels/supports/resistances in 'regions' rather than what a 'line' could project. A line is there for you to get an idea of it unless you're scalping in a 5-minute timeframe to the dot. If your strategy is long-term, you are better off with 'confirmation' of continuations, breakouts, reversals etc. via retests, more-macro time-frame candle-closes, and major Fib-levels, in determining probabilities of price direction.
KRAKEN:ADAUSDLong
by Powerslider69
2