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Fibonacci Extension

The Let's Flip a Bitcoin Star FleetHello everyone and welcome aboard the Let's Flip a Bitcoin Star Fleet. I'm your fleet captain b2gg2b and today we'll taking a ride through historic times of the past as we travel a few years back in time to review the internet bubble and consequential crash that came just eight(8) years later. Below you'll be able to review the chart of the S&P500 during the early 2000, and the 2008 market crash that occurred then there after and how it relates to now. May it forever remain a reminder in the history of the Bitcoin Blockchain. So long as bitcoin persist we can look back upon this moment and honor the history those moments in our history, that ushered our new future. Our new digital lives. Let's get into the Analysis, there's not much to discuss. Provided is an overview of the current market structure with a Fibonacci circle overplayed. We can early see the consolidation to the left around the area of the 1.61, and we can see my projected target at the level of the 1.61. This is how I will intend to trade this move in the coming future. Rather we revisits higher price levels now or later, I don't really care either way. My interest is at 16.5-16.9K for long entry. It mimics that of the S&P 500 during the early 2000's and 2008 crash. Below you'll find examples of this also.
BNC:BLX
by Xploitify
Shorting Bitcoin Down To 17000Hi Traders, Today we are looking at the king of all cryptos. King BTC has broken out of its range. I mentioned last week that we were approaching the end of this range as we headed towards the descending trend line. It seems like the floor fell out from underneath us and we broke through the bottom of that channel. I watched for a break and retested the top or bottom of that range. We had a break and retest on the 4 Hour time frame. Price broke below and retested the support zone perfectly. I then used the Trend-based fib extension tool to define the two targets I would be using. Target 1 has been hit – Around the 21000 Level Target 2 is around the 17000 level. It’s a crazy time right now in all markets. However, I look at what the charts tell me and how to use that to my advantage. Trade safe out there! The Vortex Trader
BITSTAMP:BTCUSDShort
by TheVortexTrader
My long position strategyOk we had the ATH and we are all happy for that but remember to not be too greedy. Crypto is very volatile, you are on positive balance and after some days see only red numbers. So for help you for hold breath underwater i write the optimal buy entries for newbie trader or holder. Of course if we will have another ATH the fibo retracement need to be adjust. That my strategy and is very conservative, don’t use hight leverage for trading big amount of money, Max 3x, if use 5x or more you need to add more level for avoid liquidation L1 10% $57400 L2 20%. $ 53600 L3 50%. $43100 L4 75% $35700 L5 100% $28300 L6 ALLIN $18800 Target Fibonacci Exention 1.61 - $67500 2.618 - $91599 Cup and Handle target around $75k Remember to check Mvrv -z score negative to 0 strong buy the dip major of 7 prepare to sell or close long position Major Fibonacci Retracement 0.786 - $53550 0.618 - $43050 0.5 - $35700 0.382 - $28300 0.23 - $18800 MA 200 weekly closure around 16400$ Fibo 1 0.786 - $58800 0.65 - 0.618 golden pocket $53600- $53000 0.5 - $47850 0.382 - $43275 0.23 - $37435 Fibo 2 0.786 - $61150 0.65 - 0.618 golden pocket $57400 - $56550 0.5 - $53300 0.382 - $50100 0.23 - $45900
BITSTAMP:BTCUSDLong
by mfilippi
2
LaVinci's 30-Day PlanUnfortunately, we cannot predict the future. We can, however, predict the immediate future as a function of our free will in conflict with the universe around us. In anticipation of BTCUSD dropping to the 22,000 area, as a bearish harmonic extension distributes' itself, LaVinci has devised a plan to accumulate BTCUSD over the course of the next month. The goal is to avert risk while simultaneously reap rewards by scaling into multiple LONG positions over the course of the above mentioned time period (30 days). Stop-Losses are also devised in the plan to scale out and liquidate the long positions in the event that the current structure fails to react accordingly. Take-Profits aren't being taken into account just yet, for the anticipated time that this position will be held is going to be between 70-90 days. Please follow & critique, as critical feedback is strongly encouraged! Thanks, LaVinci
BITSTAMP:BTCUSDLong
by LaVinci
1
[Bitcoin] Finally, the bottom is renewed.#Crack #Bitcoin #Binance #Daily - In the end, a bearish breakout of triangular convergence and a bearish breakout of the $28.1k important support line appeared. - In the medium to long term, additional drops should be kept in mind because the $28k line support has failed. If the long-term bearish Fibonacci extension level of 0.618 and the support near $25,890, where the lower end of the short-term bearish channel overlaps, succeeds, we can expect a short-term trend rebound. - If a short-term rebound occurs, we can expect an bull trend to the $29,800-$30,148 section, where the upper part of the key volume profile price is $29.8k, the long-term bearish rend Fibonacci expansion 0.5 level, $30,148, and the lower triangle convergence. - When a short-term rebound occurs in the situation where the $26,700 low is updated, if the above-mentioned resistance section of $29,800-$30,148 is broken and the $32,658.99 high is updated, the remaining June will not have a major direction, and we can be predicted a widening pattern or diamond pattern formation. - If the $25,890 support fails and goes down, you can expect support from the three large bids of $22.7k-$23.8k / $17.1k-$19.7k / $10k-$12.1k. - When a bearish trend is in progress, you must respond with the decline in the $10,909-$12,107 range, where the long-term bear trend wave Fibonacci Expansion Level 1 and the mid-term bear trend wave Fibonacci Expansion Level 1 are located.
by Tommy_Trader
2
BTCUSDT wants to retest the 0.5 Fibonacci level The price is testing the 0.618 Fibonacci level on the monthly support (29k) On the daily timeframe the price is testing the 0.382 Fibonacci level as resistance. on 4h timeframe the price is creating a symmetrical triangle. How to approach it? IF the price is going to have a breakout from the 32k and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
20
EURUSD H4, BREAK ABOVE 1.0806, TARGET 1.0936-1.1021 AREAAs Expected, EURUSD still rebound, move away from its low. As I said in the previous idea : "So far, EURUSD still rejected from1.0340. While Above 1.0340, Potential Rebound to target 1.0635 & 1.0800." Now, EURUSD is still in Consolidating Around 1.0591 & 1.0806. 1.0806 is its former Strong Support, now acting as its Strong Resistance. Break Above 1.0806, would Open The Way To Test 1.0936-1.1021 Area. Strongest Resistance at 1.1495, its Triple Top. But, if EURUSD Break Below 1.0591, then would Retest 1.0348. Strongest Support at 1.0348, its Double Bottom.
Long
by Wahyu_Luck
Nifty Important levels and trading plan for Thursday 09.06.22For any opening between 16340 to 16400 a bullish trade can be initiated, if nifty crosses 16400 level with a positive price action in 15-minute time frame. 16448 and 16481 will be the initial resistances. Next resistance levels will depend on price action only. Nifty crossing 16324 level without crossing 16364 level before, a bearish trade can be initiated. 16275 and 16194 will the immediate levels of support. Between 16400 to 16340 it is no trade zone for Nifty for tomorrow. Considerable OI is found in 16500, 16600 and major oi is present at 17000 level for CE side and for PE side 16300 has highest OI, followed by 16500 and 16200. A channel is also visible in 75-minute time frame, which may act as support and resistance.
NSE:NIFTY
by rahulbora11
Nifty Important levels and trading plan for Wednesday 8th June 2With flat or small gap down opening, if nifty crosses 16410 and sustain then a bullish trade can be initiated. 16481, 16557 and 16612 will act as major resistance, for any gap up opening of more than 50 points need to wait for price action to complete for an entry. With flat or any opening below 16416, nifty crossing 16409 level with negative price action (in 15-minute time frame) a bearish trade can be initiated. Major support levels will be at 16364/16348, 16294 and 16217. These support level will only be applicable when nifty reaches those levels without breaking 16416. For any gap down opening of more than 100 points need to wait for proper price action. A channel is also visible in 75-minute time frame, which may act as support and resistance. Important points- 1. Nifty tomorrow with narrow CPR. 2. RBI meeting (6 to 8 June 2022) Considerable OI is found in 16500, 16600 and major oi is present at 17000 level for CE side and for PE side 16300 has highest OI, followed by 16500 and 16200.
NSE:NIFTY
by rahulbora11