Get started

Fibonacci Circles

Fractal Fib Fan Full of Fun on Cardano! (ADA)Hello Friends, Traders, everyone, In our last analysis, 1025 was identified as a probably buy zone with a target of 1300 Satoshi. That is still a good trade plan, but as you can see above, I have added some more hopeful targets. I don't have a plan for shorting ADA, simply I will be long or not in a trade at all. There just isn't really anything to give me a solid path for a short. ADA seems to be quite responsive to the Fib Time Zone tool, as you can see above (pink dotted lines) we had a strong reaction to the 0.618 time zone which caused ADA to break out of the Fib channel and up to where we are now, retesting the channel support ~1150 ish area That 0.618 timezone just so happened to coincide with the 50% resistance line, resulting in a nice pop and what is probably a new impulse wave that should carry us easily to Target 1 @ 1300. Hopefully, momentum from this price action combined with healthy fundamentals as I've seen coming out of Cardano's corner will propel this coin to retest old highs.... If you aren't in ADA already, the green buy zone may be a good place to try. Good luck, traders!
Long
by vox-populi
You Don't Have to Love it to Long it - EOS! (EOSBTC)Hello Friends! Our last EOS analysis was just a bit of playing around with Fib Times, and an update on EOS was requested so I figured I would sit down and do a real analysis on it. As you can see, EOS is trying to establish itself with some ascending support, and a strong reaction from there in Nov/Dec 2018 resulted into an uptrend that carried us all the way to April of this year. Since then, EOS has been correcting and having bounced once off the 62% retracement, I think now it is looking to give one more opportunity to buy there, around 7000 - 7500 satoshi, before continuing upwards. The support here is pretty clear, so a stop loss can be easily defined by a break below the fib channel to which I've added the red sell box. If the bullish scenario plays out, hopefully EOS will see a reaction to the .886 or 100% fib time zone, and trend upwards to a breakout of the 50% fib resistance (red line under the buy box) The dotted line/arrow, is what I believe to be the most probably scenario. Either way, a breakout or breakdown is easily and clearly defined on EOS now, all we have to do is wait... So, you can either buy on a retouch of 62%, or on a breakout in the green box. Then, a stop loss can be set most likely a bit under 7,000 satoshi. Good luck traders!
Long
by vox-populi
YEEHAW, WE STRUCK... GOLD! (XAU)Hello friends, traders, everyone. In our last analysis we attempted to get a better handle on this, and Fibonacci helped us figure this one out. Fortunately for the bulls, GOLD has apparently been waiting for an opportunity, because that breakout was violent! Overall, I am happy with the way the last trade played out, bulls should take some profits here as we approach resistance above. I'm not sure exactly what is going to happen next, but it would seem that we will go for the 127% extension. Gold seems to be quite reactive to fibonacci, I will keep trying to minimize chart clutter but so often the combination of fib tools provide the most interesting insight. For the first time, I am going to put a target on Gold of $1375. The reason for this is the measurement of the last impulse wave, had a textbook 62% retrace, now probably it will seek the 127%. Probably it can go higher, but I don't want to play with that. I won't text wall you guys, I ran like 9 miles today and I am too sleepy to write an essay.... But as always.... GOOD LUCK TRADERS Previous analysis:
OANDA:XAUUSDLong
by vox-populi
Ready Player TRON! - (TRX)Good morning Friends, Traders, Everyone... I hope everyone has enjoyed the price action as of late! I sure have! Many coins are seeing drastic moves in what many are calling the new bull market?!? I don't know about all that, but let's look at one of the coins everybody knows has been prone to some 'high profile' attention.......TRX! In our last analysis,we observed TRX retracing from it's last impulse wave, finally settling down in this Fib channel where it has began to show signs of bubbling - right on time. What have we got going on here? Well, analyzing the last impulse wave, we see that Tron is attempting to fight its way back into the fib channel above. Now, TODAY, we enter the 200% Fib Time Zone. In the past, this has been cause for significant influence on price. I want to see a strong reaction from this time zone. Also, you see sloping downwards I've got a Fibonacci speed resistance fan indicating also here that this is a crucial moment as Tron begins to grind against the .618 line.... Finally, we have the Fibonacci Circles, which provide exciting insight into the effect of time on the chart! Tron has been forced to move up as it nears ever closer to the Fib Circle's 1.618 Golden Ratio It will continue to squeeze on all timeframes until finally it can't take being pigeonholed into this many Fibs at the same time.... In conclusion, TRX is definitely due for a pop! I would watch this closely. The targets from our last analysis are reasonable, so I will reiterate them now. First take profit is 550 - 575, Target is 777. TRX has the potential to go much higher. (OF COURSE, THIS IS SUPPOSING THAT BIG MONEY DOESN'T COME AND STOMP/DUMP ON BITCOIN...) Good Luck, Traders! Previous Analysis:
Long
by vox-populi
8
A Bright Future Ahead - LITECOIN! (LTC)Hello friends, traders, analysts, everyone! Litecoin has been one of my favorite coins to analyze lately, because of its correlation with Bitcoin. You know what, I've definitely been drinking, but I promise I was 100% sober when I made this chart :D. So, forgive any typos. So, we've got a split chart here on Litecoin. In our last analysis, we were looking for a retracement back to our zone outlined in that fun little box down there...Now we got that, and I want to remain bullish here. There is a point where things could get bad, and we will talk about that. But for now, I see two scenarios here as likely, and I have outlined them on the chart. First, we have the orange dotted line there. That's really what I'm looking for (mostly because I'm tired of playing games) we move down into the 90s and accumulate somewhat before entering the 0.5 Fib Time Zone with a vengeance.. Alternatively, yes it could bounce right here right now or, very soon. I feel this is less probable, but it's crypto, when has probability stopped anyone right? God my buddy makes a mean Moscow Mule and it is crushing me right now. Focus Vox. I hope I don't come off as an idiot right now. Anyways, direct your attention to the chart on the left. What I am trying to do here, is give you context, and insight into what you are looking at. This is especially important, as we have crossed very important Fibonacci levels a few times now. When I look at these charts, I get strongly the sense that I am looking at the tip of a logarithmic iceberg. This is all very fascinating. I think we are on the precipice of something great... To summarize, LITECOIN is at a critical juncture here, needing a strong breakout from the 0.618 Fib Speed Fan Resistance. Hopefully that can be produced by the impulse wave coming off of a bounce off Channel support (See #1 on chart) Falling into the red zone, that's bad. I'm not going to put a short trade there, it's just not good. Friends, Price action is like water. It takes the path of least resistance. We simply have to figure out how to identify that path... Good luck, Traders!
COINBASE:LTCUSDLong
by vox-populi
QUICK, EVERYONE PANIC - BITCOIN! (BTC)Hello Friends, Traders, Everyone! For those of you who have taken a peek at my analysis on XAUUSD, you know how fond I am of this new (experimental) method of TA which uses a combination of Fib tools. I thought, that this action on bitcoin would be a perfect place to see what kind of insight it can give us into crypto. I was shocked at what I discovered As you can see on the Weekly chart, Bitcoin has been on a parabolic run up until this week. From my last analysis - we hit our first target 127% / $9100 where we had a clear double top caused by the 50% speed fan resistance. This caused traders to lose faith in the rally, which weakened Bitcoin right before an encounter with the first Fib Arc we have touched since 19 NOV 2018. This Arc just so happens to be the 1.618, the strongest of ALL the coefficients found in the Fibonacci equation. All of this while BTC also encountered the .5 time zone. That, is a lot going on. Now, moving on to my favorite time frame, the H12. I have outlined the long trade that I will be taking. I can't stress how important a stop loss is here. I am tempted to short because we broke critical fib channel support , but there are also things telling me to go long. I will take this long with a small percentage of profits made from closing my $5150 long. As always with my strategy, stop loss will be the 100% retracement, as a break of that causes the retracement analysis to become invalid and we will have to look at a larger, more senior impulse wave, to find out who's in charge. I won't drag the text portion of this analysis out too long. I don't have too much time today, busy busy traders :) Previous Analysis:
BITSTAMP:BTCUSDLong
by vox-populi
3
Bitcoin - THE BOTTOM IS NOT IN! BTC Will Be <$3kThe bottom is not in for Bitcoin. And therefore, most altcoins as well. I believe the bottom for Bitcoin will be around $2,979.52. I should add that this was not my 1st choice. The first price I came up with was $1,831.99 . But Bitcoin going below $2,000.00 again seemed highly unlikely. Which is why I settled on my 2nd choice. This is still a HUGE drop from the current price. Especially since I believe the price will go up a little bit more (possibly $9,400-ish) before the impending Correction Of Doom! This is actually an updated chart. While working with the chart a little this morning, I noticed that by drawing a diagonal line (bright green) from the peak to the low (vertically) and the date of the peak to the bull run start date (horizontally), it formed a near perfect overall bear-market trend line. Since I don't believe the bottom is in, I had to figure out where the bottom will be. I used the fib circles, and previous price action to help determine the bottom in the current cycle. I already had the approximate bull run start date figured out from the previous chart (see linked idea). Like I said before, this was not my first choice. The fib circle, price action and even the trend line worked out better with the bottom at $1,831.99. I just found that extremely hard to believe. Side note: I redrew the blue arc trend line a few times while creating this chart. This is not an easy task. If anyone knows of an easy way to do this, I would love for you to share. Maybe there is a mathematical equation for this??? Thanks in advance.
BNC:BLXShort
by Cryptical_Thinker
Those Dang Kids & Their Electric Money... - GOLD! (XAU)Hello friends! Ok, so, Gold has been really, really frustrating the past week or two. It seems content to spiral around this area for a bit. I developed a personal vendetta against XAU over past days and decided it was time to crack the code on this guy. So, what we've got here is essentially a nice mix of fib tools I've put together to give us an idea of just what the heck is going on. Gold had a pretty decent wave up from last fall to March of 2019, now seems to be looking quite bearish or weak at least. I'm not going to pretend to know the first thing about the Gold industry because, I really don't. I trade only the charts. The charts have always been good to me, which is part of the reason Gold has frustrated me so much as of late. Finally though, I think we have things under control here. Gold is still technically trading in an uptrend from a Fib channel perspective. Now, I wanted to account for the zig zag pattern gold has been printing on it's way down from the high near $1340. You can see, that it has been identified here that we have a Fib speed fan causing this strange price action. Then, we've got the Fib circles. These really came in handy here, because this nice dynamic tool allowed me to really get some insight into this price action. You can see, that we are trading downwards in the channel highlighted green. Looking at previous Fib circles, it's obvious a breakout from that would be a great long opportunity. Overall, this chart speaks well for itself. The trade plan is all there, and I think we've got some good insight now into why Gold has been behaving this way. I won't drag the text portion of this analysis out, because I don't want to make things confusing. if you want to see the trends I used for my drawing tools you can just zoom out. Look for a break of the red 0.382 Fan line to go short. Look for a break out of the green 100% Fib circle to go long.
OANDA:XAUUSD
by vox-populi
1
Dont be fulled into thinking this a bitcoin bull run!The yellow graph represents shorts being liquidated. Exchanges are pumping as much as they have to in order to liquidate these shorts that would clean them out if left checked. They know a dump is coming soon so they have to push price up before of that drop can happen. This is not organic growth as we have broke though major resistance like a knife through butter. With Binance suspending withdrawals and FOMO increasing profits for these exchanges manipulating price it is a win win for them. There a bubble expanding and its on the verge of popping! shorts are dropping but they are still stacked, so while there is room to more further to the upside.. I suggest you all grab a parachute because when start to drop it will be a free fall!
BITSTAMP:BTCUSDShort
by snookerer
32
NBEV Short play, 6.95 to 5.7 area. Fibs, sup/res, even circlesI might lose a few people on this, but I'm running an experiment to show that there is definitely something weirdly accurate specifically about the "timing of swings/big moves" when using Fib Circles if you use them correctly. Area's of interest I color-coded in TEAL or PINK. You can see this circle was simply drawn from a major low to a major high on a high timeframe. Right as we reach the .382 retracement level on the Fib retracement tool, we're also overbought and hitting a Fib circle level. This is experimental, (I get backlash whenever I suggest there can be ANYTHING to be learned from uncommon fib tools), but I'm demonstrating how Fib Circles can be used. If I'm right there should be a big move up or down (10% or more, I'm betting down) within 1-2 candles max of crossing the current Fib circle level. Let's see what happens.
NShort
by teckno05
ABSOLUTELY SCRUMPTIOUS Bitcoin Price and Time Analysis Hey guys! Happy mid-December and welcome to the start of another exciting week in crypto. I hope these times of wonderful volatility have been good to you all. I promised you guys a Bitcoin analysis a few days ago over on my highly successful ETH chart that I'll link below, but I didn't get round to it because I didn't really have anything to say which hadn't already been said by some of the other great analysts here on TV. Now we've seen a nice move upwards, I think I got something a little different for you guys. If I can stop you getting distracted by the pretty colours for a moment, I have a quick explanation of why I'm analysing the chart in this way. Many people overlook that time plays as much into technical analysis as does the price. Look at any price chart and it's got 2 axis, not just price. The reason I'm telling you this is that the top of this bull flag is a major trendline from the past month. Of course time relates to this, otherwise it could have hit that level in the past and not been resistance, as those lines wouldn't have lined up! Follow that dotted line with your finger... Yes, you see, it hits it exactly and makes a triangle shape plotted by price and time. Because many people are looking at this trendline over a decent amount of time, I think we can take this one step further and factor in the time taken with our fibonacci lines. Now, I love fibonacci and I noticed that this bull flag we've currently formed has a very curious shape, and how it's noticeably different for the different exchanges. But I noticed something very interesting on this bitfinex chart when you connect the lines to the top of this bull flag using the circle fibonacci tool. What do you notice? Firstly, this chart looks absolutely beautiful and I want to eat it like a whole load of flavours of Christmas-y ice cream that have come to party over at Bitcoin's house. But secondly, the circles overlap with a lot of the key levels that many traders are currently talking about, and it might give us some insight to the timeframe if/when we reach them. I've highlighted these levels in yellow on the chart. One could imagine an Elliot wave type structure forming through these points at key levels that many traders are waiting for. This isn't to show that it must hit these exact levels, but just an idea to show a possibility of WHEN they might be hit. I didn't think I'd need to explain the levels simply because it seems like everyone is eyeing them for bitcoin at the moment and you need to give the time piece of the chart some love as well <3 Let's see where this gets us! I'll be studying this type of analysis in the future so stay tuned by following my page because I have much more to come. If you saw my ETH analysis you'll know that it's been going really well for these more radical kinds of analysis which nobody else is touching. So you should follow me on Tradingview and hit like if you want to see more. I'll be updating this chart often with some new input and to see how this develops because I think this is a very interesting and underused method. Enjoy the holidays! -Etch ETH trade: XLM trade:
BITFINEX:BTCUSD
by Etch1234
3
Bitcoin BTC possible scenarios - Fib Circles updatedPreface: I know some may not understand where do those circles come from... But if you look at my previous works they tend be accurate - keep reading. This is still a theory in the making 'tho. I'll start with "classical" theory first, then I'll be talking about my own method. If you like this analysis make sure to "like" - it helps :) "Classic view": i) 6350 support has been broken. If 6150-6200$ does not hold, then 6000$ should be a very strong support. (my other theory is that is can touch 5850 if it reaches 6000$). ii) MACD is diverging like crazy towards the bottom. That is never a good sign iii) 2.27% ) RSI is in BEAR territory with resistance levels at 36-40. Above this level we might see a stabilisation of the price. iv) StochRSI is oversold. BUT, coupled with MACD + RSI bear signs, this is not a good sign. v) ALL Moving Average lines are going dowwards with the continuous rejection of the MA200(3h) line at 6400$. So yeah, all signs point to "down" ... But how far down? When "moon" ? Well, read on for my 2nd theory. Basically, the theory is like this - We have 3 circles: 1) RED ONE that attracts the price upwards and has been rejected continuously in the past month as you can see on the bubble charts. RED Circles are resistance if the price is moving upwards and support if the price is going down. 2) YELLOW ONE is the one that might move sideways and is short term. Yellow is here to better see the movements between the two major circles. It could also predict when a major move might happen, because of it's horizontal position that gives something like a "time resistance" on the X axis. 3) BLUE ONE is the one the pulls the price down at the moment - but also offers STRONG support at 5850-6000 area together with the RED one. BLUE again gives support/resistance levels - but on different time frames than the RED circle. Why I like this theory is because it allows me to see A LOT of possibilities AT ONCE and help me make a choice for that is suitable for me in the time frame that I'm trading. The Green area is what I like to call "uncertainty area". Depending on the exit zone of the asset, new possibilities arise - hence the Purple drawn sticks. For example at the moment of this publication I'm expecting a 6150$/6000$/5850$ touchdown. So I'm going to have orders at those levels (of course, the bulk of the orders being at 5850$ for maximum profit and lowest risk). Afterwards, I shall wait and see if the support lines hold. If not - 5500$ is the worst possibility in the nearby future. BUT it has *a lot* of support until then. So I'm taking my chances. And that's about it for today. If you like this analysis make sure to "like" - it helps :)
COINBASE:BTCUSDShort
by reynar
3