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Fibonnacci

$DWAC is Skyrocketing along w Trump poll #’s This is Trump’s SPAC that IPO’d back Oct 2021. Based on the the 1st two days of trading, the Fibonacci levels don’t lie. So here’s my thesis.. Since Trumps landslide victory in Iowa primary, this stock has been on a tear, up 240%.. and i have some info that the past week is only the start. Tonight is the New Hampshire primary and i have a hunch that not only beat Nicky Haley, but this stock will CONTINUE TO MOON into SUPER TUESDAY primaries. $442 is not an unreasonable price target based on its action. This may very well be the Gamestop of 2024. NASDAQ:DWAC
DLong
by jgeno
17
New Trade: EURNZD - Short Position (SELL LIMIT)New Trade: EURNZD - Short Position (SELL LIMIT) Sell Limit: 1.7740 Stop Loss: 1.7780 Take Profit: 1.7550 Technical Analysis: Initiated a short position on EURNZD with a Sell Limit set at 1.7740. The decision is anchored in technical analysis, specifically targeting the Fibonacci "golden zone" and incorporating the Anchored VWAP for additional confirmation. Rationale: The Fibonacci retracement levels indicate a potential reversal within the "golden zone," supported by the Anchored VWAP for enhanced technical conviction. Risk Management: A defined Stop Loss at 1.7780 is in place to manage risks effectively, ensuring a disciplined approach to protect capital against unexpected market movements. Trade Strategy: Take Profit set at 1.7550 aligns with the anticipated downward movement. The combination of Fibonacci levels and Anchored VWAP serves as a robust strategy for this short position. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Exercise caution and conduct thorough analysis before making trading decisions. Happy trading!
Short
by CeeJay_Trades
EURJPY 30m chart potential Falling wedgeThe the 30m chart the EURJPY is forming a potential falling wedge. On the chart infront, you can discover a bullish market structure Additional confluences: - Price has dropped to the support range created from the previous major high - The price is testing the 0.382 Fib. Have in mind that the 0.5 and the 0.618 levels are also in the support range so it is possible for the price to drop lower. If it does, monitor if it's still in the ranges of the falling wedge. If it goes out of them, then the pattern will be invalidated. - Price is close to the 200 EMA, Might drop a bit lower to test it before providing a potential breakout of the pattern to the up side
Long
by RTED_Investing
Navigating the Markets with Fibonacci ChannelsToday we delve into the fascinating world of Fibonacci Channels, a powerful tool for traders looking to identify potential non-horizontal support and resistance levels in the market. Throughout the video, we provide a step-by-step guide on how to place Fibonacci Channels on price charts, allowing you to visualize and understand their significance in identifying key price levels. We also showcase real-world examples to demonstrate how Fibonacci Channels can be used to find points of interest, such as trend reversals and price targets. Furthermore, we discuss the integration of Fibonacci Channels with other technical indicators, providing insights into how this combination can enhance your trading strategy. By the end of this video, you will have a comprehensive understanding of Fibonacci Channels and the ability to confidently incorporate them into your trading approach. Get ready to unlock the potential of Fibonacci Channels and take your trading skills to the next level!
Education
by LeafAlgo
16
Downsite Retracement⁉️ "The price of Solana has started to move up from the bottom of the channel in the past 58 days and is now at the top."✅ 🔴Solana's price is still about 30% below its all-time high in November 2021. If Solana's price can break through its channel top, we may see a continuation of the upward trend. However, if Solana's price falls below the channel top, we may see a price correction.⛔️ While the Fibonacci retracement levels indicate a potential correction for Solana, with 61.8% (47.36) and (64.73) as possible entry💹
by AMP-BABY
🔥 Bitcoin Fibonacci Analysis Suggests 48k Target 🚀In recent analyses I've been making multiple statements that my target for 2023 is placed at 48k. This number is derived from the late March 2022 top. Interestingly enough, this number coincides with the 0.618 Fibonacci Retracement. The same Fibonacci Retracement was the high of the 2019 bear-market rally that took us from 3,100 to 13,500. The market rarely copies exact moves, but it often rhymes. The fact that so many key resistances are placed around 48k makes me believe that that area will function as a key resistance for the current move up. I'll be genuinely surprised if BTC will confidently pierce the 48k resistance and stay above it. My expectation is that that's the main area of resistance and will cause some kind of reversal, be it either long or short-term. For now, there's another 10% to gain before we reach said area.
Long
by FieryTrading
10
HIVE Next Steps 2023 Q3 & BeyondAm expecting HIVE to continue consolidating within a reversal Head & Shoulders pattern. Applying the trendlines to the fib line retracement and extension mappings, building out the various channels and then overlaying the relevant pattern(s), it appears the bottom of the right shoulder is approx. $2.80 and the future target is approx. $28. DYOR NFA ... if $2.80 breaks, may result in a double-bottom around the $0.30 range. Enjoy every sandwich :)
NASDAQ:HIVELong
by kerdirks
4
Bitcoin - How to trade BOLLINGER BANDSHi Traders, Investors and Speculators📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. When it comes to Technical Indicators, speculators have many options to choose from. Do you prefer to keep it simple? If your answer is YES, the Bollinger Bands are for you. First, a little about the genius behind it, John Bollinger. Bollinger Bands were created by John Bollinger in the 1980s. He is still very much alive and well, and very active on Twitter. He constantly engages the community through seminars and interviews. As you can see, I'm a huge fan of his work! This revolutionary technical indicator offers insights into price potential and possible volatility. Let's get technical : The higher the price action trades at the top/ upper part of the BBands, the more volatility and volume you can expect. The same is also true for the opposite - the lower the price trades on the bottom of the BBands, the more volatility and volume you can expect. It is also true that when the price trades at the top for an extended period of time, the market can be considered overbought; thus it is a good time to consider selling. The same is true for the opposite. When the price trades on the bottom of the Bollinger Bands for an extended period of time, the market is considered oversold and it is a good time to consider opening a position / buying. Important to note that the Bollinger Bands are especially useful and reliable in higher timeframes. To make overbought conditions and oversold more clear, let's take a look at a few examples on SOLUSDT: From the Solana chart above, we see clearly that when the price action touches an orange band, it is often time to exit / enter. You can wait as the price continues upwards, but the longer you wait, the more your risk increases. Careful not to be greedy, take profits during a bullish cycle. To make volume in conjunction with BBands more clear, let's take a look here on ETHUSDT: You'll notice that usually on higher timeframes, the turquoise upper / lower band, is where you start paying attention. This is where firsts profits can safely be taken, with the possibility of the price still wicking towards the orange or red. To get a little more technical, let's take a look at accumulation options with the Bollinger Bands. When the BBands contract, it is usually before a big move up or down. Now you'll need to view the chart from a macro perspective/ Fibonacci trend based retracement and trend based extension on a weekly chart to get an idea in which direction it may go. This proves another point that often, technical indicators are only useful if used correctly with chart analysis. Let's take a look at a few examples on XRPUSDT : These are not the Bollinger Bands as they were created y John Bollinger, instead, they have Fibonacci lines added. I prefer to use them this way, it's an improvement on top of the original BBAnds. They become especially useful if you use it with another indicator called Phoenix Ascending. Find below at related ideas a quick guide on Phoenix Ascending. Have a great weekend 🚀 __________________________ 👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉 Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Long
by Crypto-Check-
43
BITCOIN ANALYSIS: SLOW BOMB!Hello traders! After a month of upward accumulation with some struggles, Bitcoin price has increased strongly in the past 3 days, from April 2022 until now Bitcoin has just returned to the 42k price range. Such market excitement seems to be due to defiance combined with plans to push goods by the big players in the market to get rid of goods before re-dealing new cards before the halving occurs. There are a few reasons as follows: - The price has increased continuously from the price range of 27k to now 42k, an increase of nearly 57% without any significant adjustment. - The internal factors have not been shown much yet. When the FED is not really dovish, there will be no cheap money flow to pump too strongly into the market. We can see through the volume of the recent increase. That cannot be considered strong cash flow. - The main news that affects the sudden increase in price is that the Bitcoin ETF has been approved, but until now it is still just a rumor and not a single application has been approved, at least until January 2024, the situation is There will be no sudden changes to this event. Possible upcoming events: - The most potential price that can increase is the 0.62 fibo area, around 48.5k. - Within the next 2 weeks, the price could reach the 48.5k, even 50k area, which the big guys will surprise us with when a number of people don't think the price will reach that mark. This will cause all players who want to short to catch the peak to be destroyed. - On the other hand, the remaining crowd begins to pay attention and FOMO following the rise of bitcoin price will be tragically destroyed when bitcoin price hits the 48.5k-50k area. When red, just a relatively large selling volume occurring in a short period of time will trigger sell and short orders simultaneously. Start the process of deep price adjustment before the Halving. - Although I personally know it sounds like a conspiracy theory, I don't think it's that simple after Binance was fined and CZ resigned. This is most likely a bomb waiting to be detonated within the next two weeks, heavy enough to cause a simultaneous sell-off. - My personal plan is still to wait for a short sale in the 48.5k-50k area.
Short
by saitama5ever
2
Fibonacci Retracement/Extensions- How & Why? | Live ExampleFibonacci retracements in technical analysis of various assets use a mathematical sequence discovered by Italian mathematician Leonardo Fibonacci. This sequence is a series of numbers where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. In stock trading, Fibonacci retracements are used to identify potential levels of support or resistance during price corrections. Imagine you have a stock that has been rising in price for some time. Suddenly, it starts to decline. Traders who use Fibonacci retracements believe that during this downward movement, the stock price will likely retrace or bounce back to certain levels before continuing its downward trend. These retracement levels are derived from the Fibonacci sequence. The most commonly used levels are 38.2%, 50%, and 61.8%. For example, if a stock's price drops from 100 to 80, traders would expect it to bounce back to around 88.20 (38.2% retracement), 90 (50% retracement), or 93.20 (61.8% retracement) before continuing its decline. While their effectiveness is debated just like any other tool, many traders including myself believe that these levels act as psychological support or resistance points due to the large number of market participants who follow this approach. Let us get back on the example above. I drew a trendline which had helped me back in 2021 to predict the top in GOLD. This is the perfect example of how EVERY PRICE movement matters. The Fibonacci levels are derived from levels from 2008. In this example the Fibonacci extension level 3.618 held as a perfect resistance for the price of GOLD. 2008 to 2023, isn't this amazing? How long can a single price movement can have its affect! How to draw a Fibonacci Retracement/Extension? It's fairly simple. Just plot one end of the fib to the high of the price movement and the other to the low or vice versa. I'll answering all your queries in the comments below. Please feel free to reach out!
TVC:GOLDEducation
by YieldYogi
2