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Fibonacci Spirals

#SNP500 #SPX Weekly Analysis & Forecast For The Week AheadTraders, SNP500 has been moving exactly to the levels that we have been predicting. We see that it has completed a W pattern and now is falling. We do have 2 opportunities long and short at the moment. So which one is better one? Lets find out. If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:SPX500USDShort
by vikinsa
1
NYSE:WTI P-Modeling Pt 2. Harmonic Strings of The Illusive CajunWelcome Hyperspace Agent. This is an analysis of WTI OIL. In order to understand where we are now, you must see the entire time-series of Part One. Press Play first.. Then View Snapshots In Order Then scroll to see Time-Series Snapshots In order. This idea is from Sept 2019. If you skip the step above.. you won't understand... how i progressed to what I am presenting now. Or if you simply don't care.. That is perfectly ok! No one is forcing you. But you prob won't get it either way. And if you do...? well.. gold star for youuu. . _______________________________________________________________________________________________________ Nothing is placed randomly. The original idea *PART ONE* nailed the targets, but was incorrect on timing. However, once adjusted it can be viewed in Time-Series fashion how the targets were indeed hit quite in an interesting manner. Both Part One and Two are on the same time-frame. The inverted cup and handle was executed. It had a harmonic exit.. so my initial timing was off. This was validated with the snapshots in Part One. But then it deviated after completing the original harmonic goals.. So two propositions began to develop. Proposition A is in the yellow trend. Proposition B is in the Red trend. We inch a tad higher? and Wham..Bam. Slapped down.. Catalyst.. Dropped demand of oil as USA and globe enters Wave Two of Covid-19. or The idea is we have a second bottom. But a true Bottom. That is outlined in Proposition B. Adam and Eve as they may call it I guess?.. I think we are going to execute Proposition B. Mere Penny's. However, keep an eye on proposition A and the structure of the chosen fractal vs the actualization of the trending. It will not be exact... Not always at least. ;) This is simply an update to see how the rest of the story plays out. There is def a lot of validity to it. Now let's see if we can refine it further.. Trial and Error. Failure is a necessary component of success. Thanks for Pondering the Unknown with Me, Glitch420
NYSE:WTIShort
by Glitch420
2
#UBER 32.69 Is Still Acting As Resistance (Pattern Completion)Trader, UBER completed this pattern at 32.69 and it did a fake breakout to the upside but then settled down under 32.69. It has been trying but so far the level has been acting as great resistance for it. Having said that, it still has potential to go up to 35.31. Lets see how it plays out. If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the post to let me know what you think of them. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
NYSE:UBERShort
by vikinsa
#GBPUSD Weekly Analysis & Trading PlanTraders, GBPUSD has not been able to find strength on either side. However this can all change very quickly now. It has potential to go down. Here is my analysis and trading plan. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week! P.S. (This is for education only. Not a financial advice or signal.)
Short
by vikinsa
1
How I draw Fibonacci SpiralsFirst of all comment if i'm doing something wrong, last thing i want to be doing is spreading misinformation. Bullish moves should be placed from peak to bottom point. Highlighted in green. While bearish moves should be places from bottom to peak point. Highlighted in orange. These can be placed on any bullish / bearish wave, as long as they 'respect' the fibonacci spiral to a reasonable extent. You can play around with these waves and look at how you can pick tops and bottoms using these spirals. The middle trendline does not have to be particularly strong for the spiral to pick tops and bottoms. If the spiral respects the wave it should trend nicely along a price point. Highlighted in orange. These spirals in turn work well with Fib Circles, creating nice arcs to identify movement.
Education
by Bixley
11
BITCOIN TO 100K?THE FUTURE OF CRYPTOS|PREMIUM[Long-Term]ANALYSISBTC|USD : Series Cryptocurrencies [ Part 1 ]- Aug 21st 2019(8-9 minute read) EDIT : The Fibonacci spirals always get distorted when posting. Check the last update for the correct Fibonacci Spirals setup. Truth being said, despite that I initially started with trading solely in bitcoin, I have not been actively analysing/trading bitcoin for the past couple of months. But, it's time for some really deep, thorough and accurate long-term analysis . Why now? The fact is that an increasing number of corporate portfolios are starting to including cryptos in their composition. Mostly done because of diversification benefits . Before I get into the monster of a chart above, I will start by analysing the Weekly Bitcoin chart . The wave 1 buildup was really illogical to me and apparently to many other traders based on EW. The expectations were that it would top at around 10k, but once it broke 10k, it snowballed all the way up to 14k . However, right now things aren't looking so bullish. In the very short-term it seems that it is starting to build up for a Wave 2 . As it can be seen from the chart, the strong support currently is the 21 weekly EMA(light blue line) . This trendline is also one of the best indicators for momentum . 2 Consecutive closes below the EMA would imply a momentum shift , followed by perhaps a formation of Wave 2. Sometimes a correction, can be quite healthy for the long term buildup. The EW labelling in the chart, for now it is quite far fetched. Now, before I get into the monthly chart, have to say that the Weekly pitchfork is much more realistic . The best way to analyse macro time frames is by contrasting some of the most significant fundamental factors . Both the bullish and the bearish scenarios are labelled. As it is labelled on the chart, one of the reasons for the current spike can be said to be the May 2020 Bitcoin Block Reward Halving . Contrary to the typical FIAT concept - Bitcoin is based on a deflationary/scarcity concept . This is the primary bullish factor in favour of bitcoin. ibb.co There are 2 Fibonacci Spirals . The Purple one is smaller for obvious reasons. It is much easy to climb from 1.2k to 20k than it is from to climb from 20k to 100k+. Hence, the Purple Spiral is based on the Fib Golden ratio(0.618) used in the calculation. What also fueled run of the Green spiral is the good economy enabled by the US recent Tax Reform. This may not be the case in the buildup for the Purple Spiral(See link #2-The Vix). In addition to the Spirals, the essence of the chart is the long term Macro Pitchfork. If the Pitchfork is carefully analysed, it fits practically every single candle/pattern within its bands. Even the current buildup to Wave 1(14k) on the weekly, stopped at the Median(Red line). I haven't seen a similar Pitchfork on tview yet. I could also say the same thing about the Spirals. The orange cycle lines on the bottom are just a cherry on top of the wholeness of the chart. To conclude this analysis , Am I Bullish on Bitcoin ? - Not yet . From the chart, one can say that everyone should be invested in Bitcoin since the targets for the next 2-3 years are in the range of 100k-150k. What am I looking for? A cross over the current closing monthly resistance of around 14k or 2 candles above the grey line. The Monthly Ichimoku cloud hasn't turned bullish yet which is another worthy factor of mentioning. Currently I'd say that bitcoin is in a neutral market . What I am really fearful about, is a regulatory action from the governments. When they stepped in and intervened with quasi Facebook's Libra idea , I interpreted this as a warning. Next time Bitcoin breaks above 20k, it will attract quite a lot of attention . The regulatory status-quo is the best environment for Bitcoin to be in. This will hurt bitcoin, but it will absolutely annihilate the altcoin market (my old NEO Chart, See link#1) . Even if such action occurs, I am quite optimistic that there are other coins that fit in the niche of Monero , which will continue to prosper. (Share your charts and give me some feedback people, don't be shy! If you disagree, that's even better; it'll just make up for a great discussion in the comments) |Step_Ahead_oftheMarket| >>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>> However, if you'd like to support me and get informed in the greatest of details, every thumbs up or follow is greatly appreciated ! -----> I will attempt on doing more long term TA's on altcoins when I have time. Send me a chart of your altcoin with a short news update. 1. NEOBTC |NEOUSDT : The Altcoin Bearish Markets' story since the start of 2018 2. PART 1-VIX: Volatility Index Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references or use of my content for private or corporate purposes- contact me through any of my social media channels. Wish that tview had a copyright/IP protection option, but it is what it is.
BITSTAMP:BTCUSD
by step_ahead_ofthemarket
3