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Fibonacci Circles

COIN : LOSTCOIN seems to have lost its way this week. After last weeks mostly horizontal movement which could have eventually lead to some modest ascension, this week has proven that COIN is still struggling to find reliable horizontal support, starting off at around $300, only to drop to $275, followed by $250. Any significant upward price action has been met with heavy resistance, followed by even more substantial downward price movement, and each major peak has been lower than the previous. The particular downward fib channel used in the chart shows COIN barely managing to break the 0.236 fib, and not being able to clear the 0.382 fib at all. And as for the 0.236 fib showing any support once it's broken... well, there hasn't been much of that either... the zero fib line has been the only thing between COIN and the bottom of a deep ocean. COIN ended the week like a bicycle with no one on it that was pushed down a long steep hill towards a ramp... and while it did manage to hit the ramp and get some air, the finale was hardly thrilling... a jump to $264... about $14 above its all time low of $250. As usual, I'll be keeping my eye on COIN. Just watching it, charting it... the lower it goes, the less expensive it will be if I were to make a move. I still think that there is an opportunity to profit long long-term here... it's just a matter of when. // Durbtrade
NASDAQ:COIN
by Durbtrade
5
Further demonstrating the power of the CircleLS = Left shoulder H = Head RS = Right shoulder Just using the Fibonacci circle and establishing support areas, resistance areas, this head and shoulders pattern can be identified Without the circle, this pattern is very difficult to identify The main challenge using the circle is identifying the strongest trend. (Green line) Here is my guide to using the Fib Circle, it truly is a great tool Also my experimental idea - Fibonacci waves
HITBTC:CROUSD
by Bixley
1
BTC AnalysisCurrently we are either breaking out downward(weekly) or correcting back up into structure(via daily). The weekly candle close will determine is we have broken out of the current structure downward; however, BTC is currently correcting back into the structure as the weekly close approaches. Weekly indicators: IF weekly downward breakout holds until close. Pink: Most plausible in my opinion. Burnt Orange: Second most plausible according to indicators. Daily Indicators: IF weekly closes inside the structure. White: Looking at the daily this seems to be a fairly likely outcome. I apologize that my work is messy! Any feedback is appreciated and I hope this helps someone!! Note: Arrows are not drawn to scale with respect to time, just a general guess of the path it will take price wise.
by Dale_G
ETH: $200 Short Target, Potential $155 RetracementFirst off, please don't take anything I say seriously, or as financial advice. That being said, let us get into my insights. Looking at Fibonacci circles, there is a potential negative retracement back to a $155 price point, given that Ethereum looks like it could follow a small negative correlation wave. This is why I think, so likely it is best to shorten at $200 and see if there is a market dip. As it looks like it may potentially be tipping this positive correlation wave. A bearish trend could happen, so I'm not sure a long hold would maximize profits over other cryptos (Such as BTC).
GEMINI:ETHUSDShort
by gamer456148
5