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Fibonacci Extension

Bitcoin Starting Wave III run to ~20,000 with ~16,250 S/LBullish continuation for D1 through W1 on BTCUSD after confirming the higher high on the D1 timeframe from late December. W1 timeframe showing promise to close near the late November weekly high, confirming the higher low from mid November and continuing up towards 20,000 with a stop loss around 16,250. Entry at ~17,000 should have a good Return to Risk ratio of 3:1 but a drop to ~16,650 is possible. Using the same S/L would yield ~9 R/R. I would suggest starting a small position at ~17,000 and adding down to ~16,650 with all stop losses at ~16,250. Targets and Stop Loss are based on fib retracements and expansions and a bit of a fast and loose Elliot Wave, assuming the run from ~15,460 to 18,450 was Wave I. Wave III will target the 20,000 area since Wave IV should be approximately half of Wave II and needs to start above where Wave I ended.
COINBASE:BTCUSDLong
by Cavedrew
1
NASDAQ 100 Futures for the week 1/9 to 1/13An update for the previous post. Just be careful of one thing... When the resistance is too obvious (the kind that everyone can see and is waiting for the same opportunity), the market is likely to shake some people out of the boat first. So it's safer to wait for the market to re-test the support (resistance turn support) after the breakout. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
Solana - Buy here for a 452% PROFIT! (Best level) You are wondering why SOL is falling drastically and maybe where the best level to buy is. In this analysis, I will show you! Technically, this coin is very weak. The downtrend is steep and very impulsive, no doubt about it. But it is also a great opportunity for buyers to speculate on the midterm long position. But first of all, we need to find the best level for it. Fibonacci is a very powerful tool, and we can use the confluence of the FIB retracement and FIB extension to look for a level where there is likely to be a trend reversal point. We need to take a FIB retracement (LOG FIB) from the previous huge uptrend from 2020–2021. We can see that 0.618 FIB is at 8.52 USDT. 0.618 FIB is, of course, the strongest FIB level. Also, we need to take a FIB extension from wave 3 => 4 to predict a fifth wave. There is a pretty good chance that the trend reversal point can occur at the 1:1 FIB extension, which is around 8.74 USDT. Because we have a very strong fibonacci support between 8.52 and 8.74 USDT, we can place a buy order here and wait for the price to reach this level! Sounds pretty easy, doesn't it? I think we should see a lot of buyers here, and we can expect a major rally with a potential profit of 452%! If you bought SOL at a higher price and you want to get out, then it's good news for you! I don't have any SOL at this moment, so I am waiting for the price to come to me! The price is moving in the descending parallel channel, and this is also a great opportunity to buy SOL at the bottom of the channel, so we have another confluence to buy SOL! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I hope you guys will take this trade! Take care. For more ideas, hit "Like" and "Follow", right now!
Long
by UnknownUnicorn2537518
81
Short-term plan for Nasdaq 100 FuturesPreparing 2 scenarios: one for long and the other for short. Currently, the market is ranging mainly between 11180 and 10870. If the price up breaks 11180 , we can expect our TP price to be at 11605. On the way to our target price, we need to be aware of the level at 11490 and the downtrend line at the larger timescale that the levels could be potential resistances. If the price down breaks 10870 , we can expect our TP price to be at 10556. On the way to our target price, we need to be aware of the previous low at 10758 that could be a potential support. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
5
APPL's TP price for the bears1. Price is trending within the down channel perfectly. 2. Purple color: The price broke below the horizontal support of the ranging zone (0 to 1). And using the 1:1 ratio strategy, TP price is expected at the next 100% level (level 2). 3. On the way to level 2, we may want to pay attention to level 1.5, where the level could be a horizontal support. 4. Orange color - another strategy to use in this scenario: Down "N" strategy: Key move --> rebounce --> (following an N pattern) After breaking the purple ranging zone 0 to 1 (the rebounce), the market would be highly likely to repeat the key movement (the orange force). Therefore, the bottom of the orange box could also be a strong support. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NASDAQ:AAPLShort
by stock_adelie
NASDAQ 100 Futures for the week 12/27 to 12/30If the price breaks the uptrend channel, the price action will generally follow the downtrend and keep going down. And let’s use the 1:1 ratio strategy to find more details. 1. The price dropped from 0 to 1 and 2 in a perfect 1:1 ratio. 2. Level 2 could not stop the bears, and the price keeps dropping. By the strategy's rules, if level 2 cannot hold, the price will be down another 100%, which is from 0 and 2 to 2 and 4. Since the price never crosses above level 2, the market is still considered weak. Therefore, If the price is moving within level 2 and 3 and never breaks the uptrend channel, the market is more likely to do triangle ranging. If the price drops below level 3, where the price will be below the uptrend channel, it may drop further to level 4 to fulfill a completed 1:1 move. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
A Further 25% Loss or a 20% Gain for KODK the Week Ahead?Following a severe bearish trend since mid-November that resulted in a 40% loss, Kodak share (KODK) is currently traded within a horizontal channel. Furthermore, KODK share is traded below the short and long term EMAs. If KODK share breaks below the previous channel, as indicated by the Fibonacci circle and Fibonacci extensions, the red colored area between 2.48-2.22 could be a feasible target in the following days. A break up above the channel, on the other hand, suggests that the three-bottoms pattern is still intact, and the 3.44-3.77 levels are the next targets.
NYSE:KODK
by SamerHa
1
Coinbase comes in at $30 🐻❓🐂 On both the weekly and daily charts, the Stochastic Momentum Index (SMI) oscillator is in an interesting buy region. 📈 Daily chart: On the daily chart, there was a 🐻🔫 bear trap signal. I think a possible target is at $41.89. In this troubled region marked in the yellow rectangle, there will be a window of opportunity for 📉 shorts, with a target of $30. ⚡Volatility contraction 📈 Weekly chart: 📈 Daily chart: The 21-period normalized ATR indicator on both the daily and weekly charts is showing a contraction in volatility. Touching the 21 average with the possible breakout could signal a strong move, independent of direction.
NASDAQ:COINLong
by andre_007
Eth - intraday tradingDisclaimer: If you think this chart is a mess, you are wrong. Here, we are dealing with lots of fibonacci lines to find confluence at specific zones we want to trade. As we want to maximize our profits, we want to trade at highest possible risk reward ratio. As this is a game of possibilities, our job is to find specific zone with highets probability to make price reaction. Confluence? Yes, we are looking for that Fibonaci retreace 170.6% Fibonacci extension 1.114% Fibonacci retreace 50% Yellow trendline EMA 200 30min timeframe FVG huge green candle 6 confluences to make a trade. Its never only one thing. 15 min and day is over :) And if you are asking, is it possible that we miss our trade entry? Yes, many times. But always backtest your strategy and find why did you make a mistake. Your future decisions will be better. Happy trading :) Tools: - Fibonacci retreacement - Fibonacci extension - Pitchfork (All types) - Trend lines - RSI - EMA fibonacci numbers If you take closer look, you can see how price respects the lines. Therefore, if the trade analys is good, we can find a place where the top/bottom of the wick will happen, place an entry buy/sell order and let the magic happen :)
E
by ETHERVAULT
1