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Fibonnacci

Bitcoin 36k Soon Still In the Cards?!Back in January to start the new year Bitcoin was still around 18k and I posted an idea about Bitcoin gearing up for a massive runup toward 36k. Im not going to go deep into that post but I will post the link within this post. I point that out due to the fact that even though we still have not hit that target yet, we still almost immediately after that post witnessed a massive runup in price. The question now however, is are we still going to 36k? And what about beyond that? The short answer is yes. I do believe we will get there and my reasons are as follows: On this weekly chart, price is being squeezed between short term overhead resistance ontop - and a common shallow 38% retrace that was resistance now snuggly holding us as support on the bottom. And in the coming days and few weeks, one can see that the resistance is going to open up and that pressure ontop of is going to release. What happens from that point is for anyone to speculate but a guess would be anything other than further sideways action as there will be nothing there to further box us in. The overall pattern we are forming is technically bearish, yet the market structure of higher highs and higher lows is bullish. As always, one can only wait patiently for the breakout if your entry was not taken either at 25k or back in January when I published my bullish idea while we were still at 18k. It should also be noted that us sitting perfectly on this 38% retrace is a big deal. Prices reverse at deep retraces.. not shallow retraces typically. If we are to reverse here, 29461.79 is what must be broken. And it must be broken not on the hourly.. not on the daily.. not on the 3 day.. but on the weekly time frame. Price can wick thru it but if it holds, I think shorts would be taking bets at a support level in the middle of a range. If Bitcoin can break out of all of this resistance, including the upward sloping ascending channel, my profit taking target will be 36k, but I believe 38k and possibly even beyond that, will be the target.
Long
by TradeVibez
GOLD Expectation OANDA:XAUUSD Gold is swinging in a bullish channel on the 30-minute time frame. Currently, the rate involved in the resistance of the middle level of the ascending channel is at $1928, and provided that the above mentioned resistance is not crossed and candled, this scenario will be strengthened that the rate will initially decrease to the support interval of the bottom of the channel between $1920-1922 and then maintain The mentioned support interval, it seems that the rate can increase in an upward rally to the resistance range of the channel ceiling at $1943, in which the following resistances determined based on Fibonacci levels will be seen one after the other: 1-Fibo resistance of 161.8% at 1930 2-Fibo resistance of 200% at 1935 3-Fibo resistance of 224% at 1938
OANDA:XAUUSDLong
by Daragolbon
SPY Analysis SPY 65m: An acute SPY study shared with peers was used to example the weekly movement of SPY. SPY vs ES was used as a benchmark for S&P Cash Index due to intraday activity (as of recent). Using the 65m horizon, key inflection points were identified using market structure and regression analysis. Session highs for the index ending the week and quarter and marking a new yearly high with current price for SPY trading at 443.28 at the end of session. With July historically associated as a risk on period for the market, longer term bias for neutral-bullish remains (please seek 6WK study for ES1). Forward looking (on acute horizon), fibonacci analysis was applied to current structure being developed during price rediscovery and confidence of character being developed where key levels are: 444.30 (HOD), 443.99, 443.62, *443.09*, *442.71*, 441.91, 441.11 *Prices of higher interest using fibonacci application Bias: Neutral to risk on ATR: 4.27 Price at time of publish: 443.28 (amc)
AMEX:SPYLong
by GroundNinja
2
ES1! Analysis Update into OPEX, FED, and EOYES1! 6WK: Update from April 14, 2023 Publish: +8% shift of structure upwards and price rediscovery from March 2022 levels. A period of inside candles preceding May 8,2023 reflected support at sigma 2. Risk on sentiment as evidenced by confluence of sigma 1 and 0.5 fibonacci level (4155.25) is now approaching 0.236 fibonacci level (4500). This is a high area of interest as PA reverts to mean because: it is where price acceptance has occurred (Oct 2020) and where price acceptance was rejected (Feb 2020)// Regression analysis with pearsons r of .9786// Price at time of study 4483.25// Upcoming macro events and earnings guidance will be factored in alongside breadth and yield measures// Bias: Neutral to risk on
CME_MINI:ES1!Long
by GroundNinja
Bitcoins Next Price TargetBitcoins next price target, before some more meaningful resistance, is likely to be in the range of 35.7k - 36.8k. Their is confluence of fib levels in this range. The 0.382 fib level measured from the all time high to the bear market low, and the golden pocket level (0.618 - 0.65 fib level) measured from the next macro high during the bear market to the bear market low. We also see a bigger spike on the VPVR (Volume Profile) becoming active at this target. More volume was previously traded at this target level and these areas on the VPVR can act as support or resistance levels. This level is marked out with the white dotted line and it lines up with the 0.382 fib and the 0.618 fib. We can also do an AB = CD pattern to calculate a measured move. This is useful when a move is made to the upside (in this case) and then corrects back to the 0.5 Fib (corrects 50% of that initial move). The measured move is then the same length as that initial move to the upside but starting at that 0.5 FIb level. This is shown with the initial move being from 19.6k - 31k (first white dotted line). We then corrected back to 24.8k (50% of the initial move). The measured move from 24.8k (second white dotted line) is the same length as the initial move giving us a target of 36.3k. This is in line with those fib levels and the spike on the VPVR. When their is confluence among different indicators it increases the likely hood of being a key level.
BITSTAMP:BTCUSDLong
by Mamocoin
CN50 to find support at 0.618 pullback?CHN50 - 24h expiry - We look to Buy at 12570 (stop at 12490) We are trading at oversold extremes. Short term bias has turned positive. This is positive for sentiment and the uptrend has potential to return. We have a 61.8% Fibonacci pullback level of 12570 from 12244 to 13098. Preferred trade is to buy on dips. Our profit targets will be 12770 and 12810 Resistance: 13180 / 13660 / 14440 Support: 12400 / 11845 / 11140 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:CHINA50Long
by VantageMarkets
VRA:USD Mean Reversion Targets: +120% / +500%, Algo: +3x / +80xVeracity looks set to pamp! There's multiple golden corner mean reversion trades in play with 80% odds of hitting their targets (as long as the lows hold). This Elliott wave count suggests that Verasity could be entering the most explosive wave, the 3rd with multiple algo targets above. In the past I've noticed setups like this often fail to hit the LOG targets for a 3rd wave so I have left them off this chart and am instead focusing on the higher probability mean reversion and algo targets. Key points: 2 Pitchfork mean reversion trades in play, these are the highest probability trades. Great R:R 2 algo targets in play, these are the second highest probability trades. Potential for explosive 3rd wave Expect resistance at the first pitchfork median line as the weekly resistance is also in line with this target Expect heavy resistance at order block (also contains bear golden pocket) Risk of lows being swept, re enter on a 1-2 retrace if this happens. The high level Elliott wave targets are $4 & $32, I DON'T BELIEVE THESE WILL BE HIT. The trade: Entry 1: as close to the golden pocked as possible, current price: 0.0042500 Entry 2: wait for a .618 retrace if lows are swept and price rebounds. Pitchfork Target 1: 0.008788 (moving higher): 8.7R Pitchfork Target 2: 0.25 (moving higher): 38R - THIS IS THE BEST TARGET, best odds, should play out even if this is corrective & there should be a decent retrace when this hits. Algo target 1: 0.017: 24R Algo target 2: 0.35: 647R Elliott target: 0.056: 97R Stop 1: 0.003787 Stop2: below the .707 of the swing from the new low if sweep happens Risk management: the stop loss is a significant drawdown @ about 11% so compensate for this by entering with a smaller position (risk no more than 2% of account balance for the drawdown) If given the opportunity with additional .618 retracements add to position & move stop to new .707. Take profit at targets and re enter on pullbacks. D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Long
by TribeWriter666
6
premium/discount theory explained !!hi , im hamid and today im going to discuss an interesting theory with u . between highs and lows of a major move up or down , u can draw a fibo with 0,0.5 and 1 values . so the top part is premium and the bottom part is discount . then it all comes to this ; price doesn't want to stay in one of these sides for too long , soooo it slides briefly into the other . then we come to this other understanding that in a non-volatile market , to go beyond premium , first price hunts the liquidity above premium top border , then hunts the liquidity in discount (sometimes even the liquidity bellow it !) and at last goes higher . all this works in bearish move too but in different order . as for now price did the first two liquidity hunting sessions , and now ... well lets see !!
BITSTAMP:BTCUSDLong
by hamidking82
Fib levels confirm next Bitcoin cycle top in mid-2025Focusing on the Fib wedge here, it can be seen that each Fibonacci level has marked Bitcoin's top so far. 1. The zero point of the fib wedge is exactly where BLX price starts from at around $0.05 in 2010 2. The first fib level 0.236 marked the top around $30 in 2011 3. The second fib level 0.382 marked the top around $1100 in 2014 4. The third fib level 0.618 marked the top around $20,000 in 2017 5. The fourth fib level 0.786 marked the top around $66,000 in 2021 These are FIVE points of reference with pin-point accuracy. Not "by chance" or "coincidence". Therefore, it is only fair to assume that the 6th one, which also completes this fib wedge being the final level of 1.0 on the fib wedge, is going to mark the next cycle top as well. A highly conservative top would be around $150,000 while a more realistic target seems to be around $200,000 to $250,000 . On the other hand, a highly optimistic target is around $300,000. Also inferring from the chart an approximate time-point can be seen of mid-2025 for the next BTCUSD cycle top. A mid-cucle top of $120,000 to $150,000 in mid 2024 is also possible. The important thing to remember is fib level 1.0 around mid-2025. How the price gets there is anyone's guess. === Sidenote: The series of 5 side-by-side fib retracements each are set as follows: - 0 marks the top of each cycle - 1 is aligned with the bottom of the cycle immediately preceding it The resulting congruence among the retracements and their harmony with each other is astounding. === Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
BNC:BLXLong
by Sikbh
1
XAUUSD 2023 05 18. Let's looking for some long positions.It looks like XAUUSD has reached the support area in yellow box, and it is a strong support area as we can see from the past, every time the price level fall to the area, it bounce back. The last price level 1974.98 is almost reached Fibonacci ratio for wave C of Y at 1.0 (1973.42). (Yellow framed box). And as wave 5 of C, it almost reached Fibonacci ratio at 1.0 also which is 1973.42. (Green framed box) I think when the price go beyond the trend line, it is the time to take some buy position and start dealing with B wave as we can see in the picture below at daily time frame. Wave A contain 3 wave, and if it is final, then we can expecting B wave will be stop at fibonacci level from 0.618 to 1.382 as b wave of a Flat pattern. Unless it is not a Flat pattern and more complicated WXY pattern. So, let's wish for the best simple pattern so we all can earn more profits. That's all guy. Happy trading and trading happily. Wish the best luck for all, and always profit. Feel free to share you thought at comment area below. Thank you.
PEPPERSTONE:XAUUSDLong
by Fx46
BTC Potential Movements Time for a new update : Hello, traders. I'd like to provide an update on Bitcoin's Fibonacci pivot points for various periods, including 1 year, 3 years, and 10 years. Fibonacci pivot points are a popular tool used in technical analysis to identify potential support and resistance levels. These levels are calculated based on Fibonacci ratios and are commonly used by traders to identify entry and exit points for trades. For this analysis, I've calculated the Fibonacci pivot points for Bitcoin using three different periods: 1 year, 3 years, and 10 years. By analyzing these different time frames, we can get a better understanding of Bitcoin's long-term trend and potential price targets. Based on my analysis, Bitcoin's Fibonacci pivot points for the 3-year period suggest that the current resistance levels are around HKEX:30 ,000 Of course, these levels should be used in conjunction with other forms of analysis, such as trend analysis and price action, to make trading decisions. It's also important to note that past performance is not necessarily indicative of future results, so traders should exercise caution when using Fibonacci pivot points or any other technical indicator. I hope this analysis provides some useful insights for Bitcoin traders. As always, I welcome your comments and feedback on this idea.
BITSTAMP:BTCUSD
by MaximusGains