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Fibonacci Extension

#USDCHF possible bullish scenarioPrice is currently testing the lower boundary of a daily bearish channel , the 1 FIB extension level , and a long-term support area . This supportive cluster could potentially lead to the formation of a low around this price level. On the other hand, the bearish move in price appears to be a corrective bearish ABC move , correcting approximately 61.8% to 78.6% from the previous bullish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
12
Fibonacci Retracement/Extensions- How & Why? | Live ExampleFibonacci retracements in technical analysis of various assets use a mathematical sequence discovered by Italian mathematician Leonardo Fibonacci. This sequence is a series of numbers where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. In stock trading, Fibonacci retracements are used to identify potential levels of support or resistance during price corrections. Imagine you have a stock that has been rising in price for some time. Suddenly, it starts to decline. Traders who use Fibonacci retracements believe that during this downward movement, the stock price will likely retrace or bounce back to certain levels before continuing its downward trend. These retracement levels are derived from the Fibonacci sequence. The most commonly used levels are 38.2%, 50%, and 61.8%. For example, if a stock's price drops from 100 to 80, traders would expect it to bounce back to around 88.20 (38.2% retracement), 90 (50% retracement), or 93.20 (61.8% retracement) before continuing its decline. While their effectiveness is debated just like any other tool, many traders including myself believe that these levels act as psychological support or resistance points due to the large number of market participants who follow this approach. Let us get back on the example above. I drew a trendline which had helped me back in 2021 to predict the top in GOLD. This is the perfect example of how EVERY PRICE movement matters. The Fibonacci levels are derived from levels from 2008. In this example the Fibonacci extension level 3.618 held as a perfect resistance for the price of GOLD. 2008 to 2023, isn't this amazing? How long can a single price movement can have its affect! How to draw a Fibonacci Retracement/Extension? It's fairly simple. Just plot one end of the fib to the high of the price movement and the other to the low or vice versa. I'll answering all your queries in the comments below. Please feel free to reach out!
TVC:GOLDEducation
by YieldYogi
2
Celestia target $27!Hello, I put a fib extension on the Celestia chart and it turned out that the 3,618 level corresponds to the $24 price and the 4,236 level corresponds to the $27 price. From our point of view, it is a feasible target, at least in the first phase of the bull market, since Celestia is a solid project. Below is our fundamental analysis, which you can also find on our Celestia website SOCIAL & MASS MEDIA: Score 8 out of 10 AUDIT & SECURITY: Score 6.3 out of 10 TOKENOMICS: Score 3.6 out of 10 ECOSYSTEM DEVELOPMENT: Score 8 out of 10 TEAM & DEVELOPERS: Score 8.8 out of 10 PRODUCT & UTILITY: Score 4.8 out of 10 PARTNERS & INVESTORS: Score 7.5 out of 10 OVERALL SCORE: 6.56
Long
by coin_score
1
Navigating Bitcoin's Surge with a Keen Eye on the SEC's Next MovBitcoin is defying expectations, carving a path through the $38K barrier with the tenacity of a bull. The recent rally from $36,886 to $38,437 wasn't just a fluke; it's a statement. Even more compelling is Bitcoin's graceful dance above the 0.5 Fibonacci level at $37,662, dismissing any doubts about its current strength. Away from the charts, the SEC's recent decision to delay the Bitcoin ETF ruling to 2024 has stirred the pot. But instead of a setback, it seems to have injected a curious mix of caution and anticipation into the market. The buzz around institutional investors' potential new avenue into Bitcoin has some pundits dreaming of a $40k weekend – a bold call, but not unwarranted. So, what's next for Bitcoin? If we slice through the 0.382 Fib level at $37,845, we're looking at a series of intriguing possibilities: - First Stop: $38,437, where Bitcoin last took a breather. - Onward to: $39,029, blending optimism with cold, hard math. - Then maybe: $39,396, where Fibonacci's legacy meets crypto reality. - And if we're lucky: $40,947, where we align with expert forecasts and round-number charm. As traders, we find ourselves at the intersection of intricate chart patterns and the unfolding drama of regulatory decisions. It's essential to keep a close eye on both because this dance between the technicals and the fundamentals is what will drive Bitcoin's journey in the days ahead.
BITSTAMP:BTCUSD
by Robin_Nakamoto
USD/JPY: Fatigue, but no sign of reversalDear beloved friends, Currently, the recent recovery of USD/JPY has stalled as it hovers around the strong resistance level at the psychological mark of 150, not far from the highest level of 152.00 in 2022. However, there are no signs of a reversal in the upward trend. Furthermore, this pair is receiving support from a series of optimistic economic data from the United States (US). Breaking above this level could potentially support the pair in exploring the area around the monthly high at 150.16, followed by the psychological level at 150.50. By using Fibonacci extensions, surpassing the 150.00 level will provide additional upward momentum for USD/JPY, along with the completion of wave D as expected.
Long
by Karina_Bella
12
Possible GBPUSD movementsEnglish First of all, I looked at the market structure, we have a very clear bearish structure since the 70´s and I looked at the last fractal to see the possible movements and debts the price may cover in his path. I saw the last movements during (The LL and LH) that last bearish movement that the price didn´t get at least the 50% Fibo´s, it happened with the two bearish movements. I took a look as well at the possible debts and I used the Fibo extension and noticed a debt in the level 1 (100), so we still have a zone to cover right down (A possible LL). So, we have two possible movements and two debts that we need to pay attention, one in the 1.86648 price to look for bearish movement and another one waiting for the price to go down and get the debt in the 1 (100) zone of our Fibo extension in the price 0.95397. Let´s see what the market does to "refresh" my analysis. *THIS IT NOT INVEStMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE* Español Primero que todo, miramos la estructura de mercado, tenemos una estructura claramente bajista desde los 70s y me enfoqué en su último fractal bajista para identificar posibles movimientos y deudas del precio en su camino. Vi los últimos movimientos (alto más bajo y bajos más bajos) en su último movimiento a la baja e identifiqué que el precio no cubrió en ninguno de sus retrocesos al menos el 50% del Fibo, por lo que tenemos vacios donde el precio tiene que subir en algún momento. También vi lo que serían posibles deudas en la zona baja e identifiué una deuda en la zona del 1 (100), justo por debajo del último precio a la baja, por lo que tenemos un posible bajo más bajo que cubrir. Por lo tanto, tenemos dos posibles movimientos y dos deudas a las que debemos prestarle atención, uno en el precio 1.86648 para buscar posibles ventas y otra esperando un nuevo movimiento a la baja hasta el precio 0.95397 buscando posibles compras. Ya veremos qué hace el mercado para actualizar nuestro análisis. *ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
Short
by DarkTradingCapital
Cardano Weekly ChartADA/USDT Fibonacci Support/Resistance Levels. ............................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
by CryptoTrend-Alerts
S&P-500: All Support and Resistance for Bull and Bear ScenariosLet me explain this. ALL SPIKES ARE THE SAME. However, the different timeframes and chart scales create 4 unique layouts for both Daily and Weeklies. The top two are Dailies and the bottom two are weeklies. I have labeled which chart scale they are on. THE TOP TWO HAVE RESISTANCE SCHEMATICS (THE SAME TWO) . As in, the extensions are RESISTANCE (IN RED) THE BOTTOM TWO HAVE SUPPORT SCHEMATICS (THEY ARE DIFFERENT) . As in, the extensions are SUPPORT (IN GREEN) *We have just intersected the 2.618 and now we either....* A. Go to the 1.618 now at 3970... B. We go back to 4.236 and crab around... C. Go through the 4.236 and to the 6.854 where we possibly create a disjointed double top... D. Drop through all support, destroy schematics at 3500 and find NEXT SUPPORT AT (GREEN) BTW: The Dailies are 3 Day timeframes because Dailies are too strecthed. BUT THE DAILY SCHEMATICS ARE PURELY MADE FROM DAILIES SO IT DOES NOT MATTER. ---You may notice that the bottom two support schematics are the same as #2 and #3 on my "S&P-500: All Fibonacci Schematics" idea linked below---
CME_MINI:ES1!Short
by MichaelBsul
Bitcoin: All Fibonacci Schematics-This concept overall is called Fibonacci Clustering , which is laying over many different Fib Schematics on each-other... -I have combined 7 of my greatest Bitcoin Schematics into this one complete idea. -These Fibonacci Clustered charts have been battle tested for months. I have linked the original ideas down below to show how I first created these (by myself). - The first box is a monthly timeframe with the longest fib circles from each halving , so there are two circles . --VERY IMPORTANT-- THE FIBONACCI EXTENSIONS ON #1 ARE HIGHLIGHTED AS WHITE HORIZONTAL LINES . WE FRONTAN 70K AND RETREATED BACK TO 15K . GIVEN THIS MONTHLY PATTERN OF A FRONTRUN AND RETURN TO THE MEAN WE CAN EXPECT TO FULLY TAKE 70K AND THEN SOME BASED SOLEY ON THE FRONTRUNNING OF 70K.... -There is also the longest/earliest Fibonacci Extension in the 1st box. This is why it is a Monthly. -The second and third box are the 2 most prominent weekly schematics for Bitcoin . They are separate boxes but work together simultaneously. -Since they are created after #1, it makes sense to make them weeklies. But if I were to place them all into Monthly timeframes or visa versa, it would work either way ... If you click on "The Bitcoin Matrix" linked below, you'll notice that the Spikes in this idea are from #1 #2 and #3 in that one...
CRYPTO:BTCUSDLong
by MichaelBsul
1
USDJPY is about to reach a peak of 150,000Hello dear friends, as predicted yesterday by Karina, USDJPY has continued to rise in price and is currently fluctuating around the 149.779 level. Currently, this currency pair is gradually approaching the high area of 150.00 after receiving strong support from the 137.302 support level. By using Fibonacci extensions, breaking through the 150.00 level will further fuel the upward momentum for USDJPY. And you , How do you think ?
Long
by Karina_Bella
8