Get started

Fibonacci Spirals

GOLD | D | VORTEX /\ SETUPNew fib vortex triangle setup being tested on the daily chart. Please note that this is a slightly different version as published before. Some fib spirals are missing.. |Gold| had initiated a bounce off the mega channel, turquoise fib spiral was hit and acted as bounce resistance. |Gold| did a 50% bounce retracement intraday move today and tested support on the white spiral. I think |gold| will bounce off the white spiral and retest resistance (turquoise spiral) in the coming days. enjoy! I generated this setup yesterday evening, even at that time my setup already signaled that resistance was hit and retracement was coming: zoom out view: Cheers, Keops
FX:XAUUSDLong
by Keops
4
BTC – Fibonacci – Divine Ratio - $20K soon ?Hello Guys! Let’s take a look at BTC but this time using large time frame. We love big pictures. With them many things make deeper sense, doesn’t it? Today we want to describe you what Fibonacci ratio is. This is a special ratio that rules the proportions of the world starting from such a small things like atoms, flowers, trees and finishing with unimaginably large celestial bodies. Simply nature relies on this golden ratio. People who stand behind financial markets are the part of the nature, too. Such rules can be applied to their behaviour. Mathematicians, scientists and naturalists have known this ratio for centuries. It's derived from something known as the Fibonacci sequence, named after its Italian founder, Leonardo Fibonacci (whose birth is assumed to be around 1175 A.D. and death around 1250 A.D.). Each term in this sequence is simply the sum of the two preceding numbers (1, 1, 2, 3, 5, 8, 13, etc.). Sequence is not that important. More important are ratios. Here are couple of examples: 1,618 (golden ratio) ~ 5/3 ~ 8/5 ~ 13/8 ~ 21/13 0,618 ~ 3/5 ~ 5/8 ~ 8/13 ~ 13/21 0,382 ~ 3/8 ~ 5/13 ~ 8/21 (by the way 1 – 0,618 = 0,382) 0,236 ~ 3/13 ~ 5/21 Ok you think this is cool but it doesn’t prove anything. Does it? Take honeybees, for example. If you divide the female bees by the male bees in any given hive, you will get 1.618. Sunflowers, which have opposing spirals of seeds, have a 1.618 ratio between the diameters of each rotation. This same ratio can be seen in relationships between different components throughout nature. Still don't believe it? Need something that's easily measured? Try measuring from your shoulder to your fingertips, and then divide this number by the length from your elbow to your fingertips. Or try measuring from your head to your feet, and divide that by the length from your belly button to your feet. Are the results the same? Somewhere in the area of 1.618? The golden ratio is seemingly unavoidable. So guys getting back to the chart. We marked Fibonacci Spiral marking minimums and maximum from last 7 months. What does it say? We are really low and there is no much room to go any lower. We have a plenty room to go up. First till $12000 - $12600. Of course it takes time and won’t happen linear. Once we brake it and be in the uptrend we can expect such levels as $20000 - $23000. When? That is good question? We also marked time frames based on Fibonacci scale. We marked them first backing to 2014 when BTC was first time listed on Bitfinex. Each vertical blue line represent something interesting on the chart. Saying that we mean price turns. Look how perfect it matches the peak from turn of 2017/2018. We also marked mid-term Fibonacci scale with red lines using the same strategy (turning points). Funny thing happened. There are only 2 lines aligned with each other. They occurred JUST NOW. Is something big to happen very soon? What do you think guys? Would you apply this technique to your charts? Do you trade with it? Please do share with us your opinion. We are co curious… HUGE Hugs! WBM Team
BITFINEX:BTCUSDLong
by WBM_Team
9
Bearish BTC - Confluence of Methods (Update)Fib spirals, Fib extensions, HVF all target the long-term support line. Projected target is about $2600 - $2800 late May/early June. Also: Forcing Fib spiral through that zone of confluence results in several possibilities for the next high. 1. Pink: Lower high within the down trendlines 2. Orange: BO from the down trend and lower high beneath the all-time high log trendline 3. Purple: Breakout from the all-time high log trendline (exit the bear market) At this point I favour bearish continuation with a lower high in the pink zone. nb this is the updated version with correct placement of the next high for spiral 5
BITFINEX:BTCUSDShort
by SKG79
4
Fibonacci Spirals Magic Triangulation on Bitcoin with details.First a small intro: THIS IS JUST A THEORY FOR NOW. CONSIDER THIS A TEST OF THE THEORY. I'm letting the chart on a larger scale, to expose the rather unsettling movement in the left corner. Notice how the price moved PERFECTLY between the intersection of 3 circles. It is.... scary, a bit. I came to this idea by thinking about satellites. You know how they work? 3 satellites triangulate their signal to find an intersection and 4th one is the reference. I thought: "Hey, could I apply something similar to charts?" The business part: TL;DR Based on this chart, I suspect it will either hit $7650 and bounced back. Or hit 7200$ and possibly stay there for a while, while bouncing between 7200 * 7600. OR Hit 6900 and bounce between 6900-7200 before making the next decision. The details stuff: 1) Notice how btc stayed right in between areas defined by the circles 2) Notice, at the intersetion of circles, that a new shift if bound to happen OR a hard resistance/support is being stressed. 3) Notice that EACH circle line represents a resistance or a support. 4) Notice that every new circle hit is basically a new decision to be made. If My theory is correct, we moving into another area of interest. One quite tiny and with a lot of possibilities. The direction of the exit path will dictate the next movement. I also have a new theory about how this fib circle stuff and boll bands come in play together. Can you see something? leave a comment.
COINBASE:BTCUSD
by reynar
10
Bitcoin expectationBitcoin is in a bearish pattern, although, that's what it looks like. It crosses the 61,8% in the fib-tool (using Bitfinex)and in using the fib-spiral it looks like this will be confirmed a bearish pattern. There is a S-H-S formed with a declining line. As part of this S-H-S is the retracement ABC pattern which is formed during the S-H-S. So all signs look like a short term bearish pattern indeed. As bitcoin is pretty unreliable there could be support formed around the $11K level. This support could be formed when bitcoin breaks through the green Ichimuko cloud. We'll see how it turns out. This is NO sell advise or buy advise either. Enjoy trading!
BITSTAMP:BTCUSD
by BitViewEU
4
BITCOIN 4 WEEKS - FIBONACCI FORECAST Let's take a look at a lesser used form of Fibonacci - Spirals! Trend is still very bullish as everyone can see. We are testing highs again over the next few weeks. Three things can happen - consolidation through the Resistance Area, or a change up or down to the Target Area or Correction Area. All the signals are pointing to the price moving UP. My position is Long and I don't see the Bulls getting shaken out of this pattern just yet. My suggestion - HOLD LONG. More updates to come. Cheers - Bryant
BITSTAMP:BTCUSDLong
by ontrend
2
Going for the Lambo after Swell? I guess I'll take the PriusFib Spirals are a quirky indicator, you have to place them properly and you can only use them when you reset and lock the scale. But still, it is an indicator I enjoy using because it gives you a better idea of a realistic range during a specific date. Take as an example the range between 10/4 and 10/6. Too many people are expecting Ripple to moon, I prefer to take a safer trade since I expect Ripple to pump and dump, remember: Buy the hype, sell the news.
by Aldonio
2
Fibonacci Spirals #01To help better understand how to use Fibonacci Spirals when trading, I have decided to dedicate a topic about them. My quest here, is to consistently generate predictions using Fibonacci Spirals. I have only recently started to see a pattern and once I found it, I could somewhat consistently reproduce the same results, that is... visually. I could not however expand the indicator to predict, only to accept the past. What had already happened. Before we commence, there's one thing you should know about Fibonacci Spirals on TradingView.com (at least at the moment): they don't scale proportionally to the chart. It so seems there is a miscalculation which fire once you begin to scale the chart. For this reason I would suggest not scaling the chart when using this indicator. I have used Fibonacci Spirals to create V-shapes at the bottoms. Each Spiral is positioned from the lowest low to the past high or future high. From thereon all intersections that have been made in the far future with those spirals have been marked and given colours corresponding the spiral's colours. I shall elaborate in the near future.
by UnknownUnicorn468659
3
ETHBTC ANALYSING THE BUBBLE4 months consolidation phase spawned a considerable liftoff that exceeded my expectations and made me turn my monitor vertically to inspect the full height of that pop. What's next? Cyclic nature of open-ended markets entails the never-ending torrent of repeatedly changing accumulation phase and distribution phase in such a way that the end of an antecedent phase corresponds to the beginning of a new phase. At first blush, eth has all signs of staying in the distribution phase known for its inherent danger of a higher negative volatility. The axis of a symmetry connects the 0.00215 BTC floor with the 0.0372 BTC top bar separating two equivalent 70 days time periods that map a triangular shape onto a 140 bars bubble. Fibonacci spirals and timezones agreed in setting the point at which the market sentiment may retreat to 05.22. I would anticipate a strong slump until then. As demonstrated by fibonacci timezones the bubble was highly coordinated with btc news events and halving rumors made the latter affect the direction of the overall trend. This market was timed in the simplest way that it effectively consolidated many reasons for railing south into one. 1. Valve is on and will be adding btc to steam. 2. Segregated witness is a pending pull request. 3. New release of bitsquare. 4. gbtc has seen a surge in value. Eth wont defend its value against btc hype elevator. My verdict: I forecast 0.01066 BTC in the coming days and likely 0.006 BTC before the end of may.
Short
by heglassedme
2
SKX Upwards to 30.75 next 35 daysSynopsis: RSI, Stoch, MACD all point to up trend. (Strong signal) Fibonacci confirms strong levels of support (26.70) and Resistance Pitchfork showing downward and sideways trend, with price on the median. Fib arcs show upcoming resistance zones (counting one we just entered) I labeled the action reaction lines to help better understand what I was and am measuring to. Expectations (Long): 4/11: Upwards following 1.618 underarc. some resistance at 0.236 arc 4/12: minor sideways and down movement along 0.236 arc, moving towards pitchfork median 4/13-14: moves up to 0.382 arc 4/15: Moves up towards 0.786 fib resistance line, .5 fib arc intersept 4/18: moves upwards to Reaction Line 2:1, Fib spiral, and .618 fib resistance level. 4/19-21: retraces to 0.786 fib support 4/22+: Upwards past 0.5 fib resistance, back towards Reaction Line 2:1 resistance
NYSE:SKXLong
by Bwinks
Bull/Bear CRC(Oil) DependsStrong signs of upward mobility, strong indicators of bear territory. Andrews Pitchfork Downward over the long term. RSI, CCI, Stochastic are showing reversal from bull to bear. Schiffs Pitchfork touch on the median, showing clear reversal over the next day or so. Touch on the 2.09-2.20 resistance region. Upper resistance at 0.618 pitchfan level. Upwards Schiff's pitchfork. Fin Spiral is much further off to show reversal (if it's any confidence, i'm doubtful) Lower support at 1.81-1.75 region. Lower inclined support from 0.5 on the pitchfan.
NYSE:CRC
by Bwinks