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Fibonachi

HOOKUSDT → trigger for buy or sellHOOKUSDT currency has the potential to buy or sell and enter this currency due to approaching the proof range (green range) which is its strong support range. - The middle of the downward channel shown in the 15-minute time frame is important for us because the history of the chart of this currency clarifies this issue for us. From this, we can conclude that the middle channel is a dynamic line for us, and we can open a buy or sell deal on this currency in case of failure. - The strategy that gives us a trigger in addition to the middle channel is the RSI, where we see a divergence in the current price and, in a way, an entry trigger. - The targets of this currency are shown with a flag symbol, and the stop loss is also in the green range Regards SadyCrypt!
by UnknownUnicorn29668537
1
BTC/USD - LONG SCENARIOS - ANALYSIS - DThe "BTC/USD" is in a downtrend since Nov – 2021, and it is obvious that we can expect a trend reversal if necessary. -> The coupling of traditional markets to BTC is very high because of institutional investors (example: S&P500 falls = BTC falls). -> I will analyze in more detail in today's post at which key areas we can expect resistance at a LONG. -> For this, we will look at the "BTC/USD" from the daily view and integrate elements of the daily, weekly and monthly charts. TABLE OF CONTENTS - 1st part = EXPLANATION - used indicators + levels - 2nd part = SCENARIOS - Pro + Con breakdown - 3rd part = CONCLUSION FIRST PART 1. | FIBONACCI RETRACEMENT | For this Fibonacci retracement, we take the move, which started in - Sep/2022 - and ended in - Sep/2022 -. -> 0.618 FIB = 21,013.91 USD | Pending processing -> 0.65 FIB = 21,163.44 USD | Pending processing -> 0.75 FIB = 21,630.75 USD | Pending processing -> 0.786 FIB = 21,798.97 USD | Pending processing -> 0.88 FIB = 22,238.24 USD | Pending processing -> 1.618 FIB = 25,686.93 USD | Pending processing > As "dotted" lines - drawn in the chart. 2. | FIBONACCI RETRACEMENT | For this Fibonacci retracement, we take the movement, which started in - Aug/2022 - and ended in - Sep/2022 -. -> 0.618 FIB = 22,504.72 USD | Pending processing -> 0.65 FIB = 22,731.45 USD | Pending processing -> 0.75 FIB = 23,439.99 USD | Pending processing -> 0.786 FIB = 23,695.06 USD | Pending processing -> 0.88 FIB = 24,361.08 USD | Pending processing -> 1.618 FIB = 29,590.06 USD | Pending processing > As "dashed" lines - drawn in the chart. 3. | FIBONACCI RETRACEMENT | For this Fibonacci retracement, we take the movement, which started in - May/2022 - and ended in - June/2022 -. -> 0.328 FIB = 22,468.86 USD | Pending processing -> 0.618 FIB = 26,754.19 USD | Pending processing -> 0.65 FIB = 27,227.05 USD | Pending processing -> 0.75 FIB = 28,704.75 USD | Pending processing -> 0.786 FIB = 29,326.72 USD | Pending processing -> 0.88 FIB = 30,625.76 USD | Pending processing > As "solid" lines - drawn in the chart. 4. | DEMAND ZONES The demand zones formed at the beginning of the upward movement, thus they were created and in - June-Oct/2020. -> WEEK ZONE | 1 | = 29,282.36 – 32,399.00 USD | Pending processing -> DAYS ZONE | 1 | = 21,538.51 – 22,799.00 USD | Pending processing -> TAGES ZONE | 2 | = 23,671.22 – 25,211.32 USD | Pending processing -> DAY ZONE | 3 | = 29,944.10 - 32,399.00USD | Pending processing -> 4 HOURS ZONE | 1 | = 22,182.93- 22,794.61USD | Pending processing -> 4 HOURS ZONE | 2 | = 23,111,.04- 23,600.00USD | Pending processing > As "GREY" areas - drawn in the chart. 5. | POINT OF INTEREST | The points of psychological interest, were created the first time Nov - 2017 - and showed some reactions since then. -> POI | 1 | = 22,600 USD | Pending processing -> POI | 1 | = 28,000 USD | Pending processing -> POI | 2 | = 30,000 USD | Pending processing | POI should be used as support in the upcoming situation. | POI is used as ZONE -> no point exact support. > As "Orange" line - drawn in the chart. 6. | SIDEWAYS CHANNEL | The sideways channel formed at the last sell-off, in - May/2022. -> Range = 22.800,00 USD - 18.626,00 | Pending settlement SECOND PART As soon as the price reaches the broken down levels, we can expect a reaction from the market, which depends on the "weighting" of each level. 1. | SCENARIO | TOP - at approx. 23,600-24,400 USD (momentum-dependent) What would speak for it: - "BREAK OF THE SIDEWARDS-TREND CHANNEL" + confirmation - "FIBONACCI RETRACEMENT (1) = completely worked off - "FIBONACCI RETRACEMENT (2) = 0.786 - "SUPPLY ZONES | D1 (1) + 4H (1+2) = Drop-Base-Rally = WEAK + this idea must be supported by the DXY + S&P500! = DXY falls + S&P500 rises What is the argument against it: - "BREAK OF THE SIDE DOWNTREND CHANNEL" + without confirmation. - "FIBONACCI RETRACEMENT (2) | 0.618+ 0.65 FIB" - "FIBONACCI RETRACEMENT (3) | 0.328 FIB" - "POINT OF INTEREST (1) - "SUPPLY ZONE | D (2) = rally base drop = STRONG - Entire AREA - marked with "RED ZONE" = very strong resistance - need enough momentum to break it and stay above it. All levels plotted on this screenshot: 2. | SCENARIO | TOP - at approx. 27,500 – 30,000 USD (momentum dependent) What would speak for it: - "FIBONACCI RETRACEMENT (1) + (2) | Worked down to the 1.618s - "FIBONACCI RETRACEMENT (3) | 0.328s = Pending - "SUPPLY ZONES | Worked down to the W (1) + D (3) = Outstanding - Liquidity Pools - Uptrend line serves as resistance - Test from last market structure break + this idea must be supported by the DXY + S&P500! = DXY falls + S&P500 rises What is the argument against it: - All AREAS - marked with "RED ZONE" = are very strong resistances - we need enough momentum to break this and stay above. All levels drawn in on this screenshot: CONCLUSION What the exact scenario for "BTC/USD" will look like is impossible to say at the moment. The correlation relevant for us to make decisions is as follows: - DXY (USD) is currently like a kind of indicator of fear in the market, with which it controls the S&P500. - The S&P500 is currently at a very relevant level (3,600 points), if this breaks sustainably (with confirmation), we will see a strong sell-off in all markets - market crash! (for this please look at my SHORT SCENARIOS version to get the relevant levels). - If this market crash does not happen, then all markets will go into a "recovery rally". The traditional market will also pull the crypto market up with it. - If this market crash does occur, then it will also have a significant impact on BTC. (Liquidation cascades of stop loss orders and fear from retail market participants.) -> The marked levels should all realize a reaction, which are dependent on momentum. -> Once it is apparent that we have formed the BOTTOM, I will upload a detailed LONG execution. -> Feel free to discuss it in the comments and share our perspectives, I would be "burning" to hear your take on it all. If this idea and explanation added any value to you, I would be very happy to see a review of it. Thank you and happy trading!
Long
by ZielIstDieAutarkie
IMMU take profits or go short, price at 1.6 fibonachi from lows.IMMUprice guped up to a 1.6 fibonacci retracement from recent lowes. It is good time ffor longs to take profits and or short the stock in case you were not long. The price will probably stay within the shown rizing parallel channel from the recent lowes.The gup will probably get partially filled down to the support line shown from recent tops, and filled on the way down as more longs will likely start taking profits as the stock trends towards the inside region of the bollinger band and towards the bottom of the channel. If the price reaches the bottom of the channel prepare to change to long and reenter the market.
IShort
by ChristosTrader
Fractal resistant and bitcoin supports trend analysisI have an update as to what my thoughts are on the most recent price action movements of Bitcoin. In my post on may 27th I had forgotten to add that the manner at which bitcoin broke through the fractal resistance line would likely dictate how the short term movements foreshadow bitcoins movements over the mid term. This is derived from fractal analysis which i will go into more detail at the bottom of the page as to why I find it so interesting. My thoughts were that if bitcoin violently broke the resistance point, as it has, the affects would be a much more favorable outcome for the bulls. If bitcoin had struggled to break this fractal resistance and tested the 6900 long term Resistance line we would see a long term descending triangle however this is not the case. The manner in which bitcoin broke through this resistance foreshadows that it will move faster upward as it approaches key resistance points. Resistance points will be as follows IF I am correct 8000, 8300, 8700, 9000, 11700. I see bitcoin bouncing off these resistance lines and ultimately forming a descending short term triangle at the resistance line for the long term triangle. Fractals- I like fractals as much as like using fibinachi tools. I like them in the same way because they are found to represent everything from the galaxies to electrons. Fractals development is shown throughout nature and is an unconscious manner for how the inner working of what we know as the world functions and develops. In my opinion fractal programming will play a crucial part in creating artificial intelligence as we approach the hypothetical technological singularity that I hope never happens. As always this is purely my opinion and I urge people to do there own research and to never over trade. I hope you enjoy my analysis and look for more posts from BraveTraveler.
BITFINEX:BTCUSDShort
by Gigga_Chad
2
Bitcoin Fractal price action Technical analysis In this chart I have identified key fractal patterns within bitcoins trading price action movements. As seen in this chart the 6900 level holds long term support while the recent down trend starting may 5th and ending June 2 shows to be a key fractal line of short term resistance. Look for bitcoin to go no lower than 7150 as it approached this resistance line. I see two scenarios playing out because of this analysis once this short term resistance fractal line is broken. My first theory is when this trend is broken the momentum could drive bitcoin to break this long term descending triangle smashing through the ten key resistance point which in my opinion is purely a mental resistance line. I see this as a mental resistance line and not a technical resistance line because it was broken in February of 18 easily. My second theory is that bitcoin breaches this short term resistance fractal and bounces off the top of the long term descending trialed and range trades until this descending triangle is broken. Once this takes place the heavy resistance lines that bitcoin will encounter will be at 11800 and 13000 level. As always I encourage everyone to do there own research before investing.
BITFINEX:BTCUSDLong
by Gigga_Chad