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Fibonacci Extension

Easy 5:1 ETH Short On the CardsFTX:ETHPERP Trade thoughts: With the aggressive downside move this week, buyers trying to take back control of market, but bears are not finished. I think bear market is upon us as weekly structure has been taken out for BTC, and for ETH its just a matter of time - once we break and close below 1889 on weekly timeframe bear market will be confirmed for me. This is last attempt to push the market back up by Bulls. PA is without question trending down with price below the 4H 50 EMA, and consistent lower lows, lower highs. Good time to sit back and wait for the next short opportunity with PA destined to head back down. Keep stops above structure level and an easy 5:1, and possibly 15:1 once you can safely tighten stops after stop hunt attempts. Keep above 2456 until you can be certain.
FTX:ETHPERPShort
by cryptoject
1
2W BTC bull run profit targets To determine possible stepping stones in the incredible journey of our favorite asset class (yes - bitcoin) we look at the bi-weekly chart, and draw fibonacci trend extension from near 0 to the peak in 2019 and to the all time low after that (122, 19690, 3120). We also draw the 100 moving average line to observe how BTC successfully bounced off it 2 times - in an essence confirming there there never was a bear market in the bitcoin life-time, at least not from the bi-weekly perspective. We witness the HODLers triumph. (Well done, party people!) We notice: 1) bitcoin currently is testing resistance at 1.618 extension level. This is a good time to take profits and to wait for a pull-back to re-enter. pull-backs to 30k, 20k are very likely in the next few months. even below 10k levels are possible if there is a significant negative news. No matter what happens - we predict that bitcoin wont' fall below 100 MA on the 2W timeframe. Fundamentals are way too strong: more and more institutional buy-ins, public interest all time high, relentless money printing by the governments). 2) using our tea-leaf indicator we predict new all time high above 40k before august 2021, and 85k levels by the end of 2024. 3) we watch out for ETH 2.0, and bitcoin profits moving into slakeable assets such as PolkaDot.
KRAKEN:BTCUSDLong
by PurseLance
1
MATIC/USDT - Waiting game for $9 targetHello traders and investors, Today we look at polygon matic / USDT pair with the usual critical eye. Looking at the recent moves, I see that intermediate blue wave 3 reached the 3.618 Fibonacci target with a series of 1-2 1-2 1-2 extensions. I believe that May 2021 pick was intermediate blue 3 rather than primary purple wave 3 because I compare the size of the red minor degree wave 2 and wave 4 (he look similar 35days correction and 37 days correction). Therefore I assume that we are currently in the creation of intermediate blue wave 4 and it will take some time to complete (1.618 or 2) of wave 2, with a retracement that should bring us in the same region of wave 4 of one less degree. (Ahimé at $0.33). If that is the case, I will once again fill my bag and wait for the explosive composition of intermediate wave 5 of primary 3 which is currently at 2.618. I have no rush in buying now. Waiting for the market to play out, if minor wave A red is actually the end of the entire correction, it means that it took only 38.2% of the time of intermediate wave 2 and retrace only 23.6%. It's possible, but I will be waiting for the market to unfold in the next few days before considering an alternative. What do you think? What's your target?
MLong
by Dry-Storm
6
ADA above last support zone#ADA/USDT $ADA weekly chart shows price is above middle line of descending channel that is the same with long term support zone. this support zone is between 1.272 and 1.414 fib level of last weekly swing high. 🐻 if price break down from 1.414 fib level it will continue its downtrend to lower line of channel that is the same with 1.618 fib level which is below $0😁!! 🐮 so price should hold this support and maybe in short term or mid term it has sideways moves to help bulls gather strength, and start a new rally in long term.
by parissap
ADA/USD: Short PositionThis it's my update of my previously analysis from ADA/USD in the early. So, I'm in short position and I analyzed that Cardano touch the 0.618% Fibonacci level and important zone to continue sell. So, I'm bearish in Cardano. I entry around $0.66 cents and I move the SL to $0.72 cents and i will share my possible targets to reach down using Fibonacci extension level. So, I see a good targets between 0.782% ($0.55 cents and 1% ($0.51 cents). So, I will hope to know what happen when ADA reach the target of 0.782% and if this broke down, I hope my completely target toward 1%. So, this trade has a lot potential to earn in this trade. Also, I share in my weekly timeframe a new bearish perspective that I hope to pass in the Cardano price because I see that Cardano has a lot chance to go down to $0.39 cents approx. I hope that this idea support you!!!
BINANCE:ADAUSDShort
by harisonhbn9718
2
DOTUSDT Is getting new liquidity from 1.618 Fibonacci levelthe price is creating a descending channel and it's testing a first demand zone as you can see on the left. On the 4h timeframe, the price is testing the 1.618 Fibonacci level where the price could get new liquidity for the reverse. How to approach? The price needs to grab new liquidity in order to reverse the main trend, 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
12
ETH/USDT : Right above the S/R line! BINANCE:ETHUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $ETH has reached the local S/R line and it comes with two possible scenarios : - If $ETH Holds the Support here, Then it's more likely for $ETH to break above the higher S/R at $2600. But the main scenario is still bearish and I'll look for my Short if we get the closings below the marked S/R line. Entries can be separated between $2400 - $2430 - $2460. - Stop-loss should be managed as active management! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
24
[Bitcoin] Fail to support the bull trend channel..#Crack #Bitcoin #Binance #Daily - This is the appearance of Bitcoin's bearish breakout at the bottom of the blue large bull channel. - It seemed to rebound while keeping the $35,071 closing support level, but it showed a bearish trend again the day before and eventually fell. - In the event of a rebound, it is important to settle upwards of $35,071, and keep in mind that even after an upward stabilization, the bearish trend continues until it breaks above the $37,578 upwards. - If an additional decline occurs, a decline to $31k-$31.6k can be expected, and if the support in the above section fails, it is likely to decline even to $28.1k-$29.8k, which provided strong support. - If the $28.1k-$29.8k support fails, there is a possibility that a bearish departure of the bear flag pattern has appeared from the appearance since November, and there is a possibility that a gloomy period of falling to the simple target price of the pattern of $10k-$12.1k may appear.
by Tommy_Trader
1
CTKUSDT is testing the 0.618 Fibonacci level!The price is creating a descending channel after the rejection from the supply as I told you in my previous idea. At the moment the price got bounced from the 1.13 Fibonacci Ext and the market is going to retest the previous daily support as new resistance exactly on 0.618 Fibonacci level. How to approach? IF the price is going to have a rejection from that area, we could see a new bearish impulse until the monthly support exactly on 1.272 Fibonacci EXT. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
8