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Fibretracement

COIN - Reckoning Incoming?COIN has been on an epic run. What goes up must come down as they say... but Bitcoin is at 73k tho bro. Just think of all the people who bought when it was at ~$50. A lot of institutional investment decided they were not going to miss out crypto this cycle and anticipated the run up. They are definitely going to take profits now that they are up almost 400% and they are also going to make sure to take advantage of the recent upsurge in retail interest and start selling into the momentum.
NASDAQ:COINShort
by Goontata84
9
ETHUSD LONG Sitting on Demand Zone Fib TargetsOn this 15 minute chart from the candlesticks, supply and demand zones are tool drawn. The resistance trendline and flat bottom form a triangle pattern. The Fibonnaci retracement tool is used to find likely targets which are also pivots to the left. The dual TF RSI indicator by Chris Moody shows both the faster 5 min and the slower 60 min rising over the 50 level with the faster higher than the slower. The times straddle the chart time. Based on all of this I will trade a swing trade long on forex with leverage set at 20. Partials taken 25% at each target to minimize risk. Stop loss initially 40 ( the height of the green demand zone) then raised by 22 every time price moves by 20. Expecting 60% profit overall in consideration of a tiered closure and the leverage for a trade of 10-20 days depending on the trend angle moving forward.
BITSTAMP:ETHUSDLong
by AwesomeAvani
1
BA Trade Setup into Earnings by Fib Retrace / Volume ProfileBA is shown on a marked up 120 minute chart with a Volume Profile and Fibonnaci retracement levels as well as the trend angle reversal at the consolidation upon finding support at the bottom of the high-volume area of the profile. The fib levels suggest targets. Risk in the trade is after earnings reports of "beats" will drive the action higher or "misses" will cause a down trajectory. Volatility will increase as the earnings date quickly approaches. Some traders may want to close a winning trade just before earnings or take a predominant partial close leaving the the rest to move through the storm looking for blue sky. I have a risk appetite here. I will take call options for February 5th striking OTM at $240. I will cut them no later than 24 hours before earnings or when they hit 200% if that happens beforehand.
NYSE:BALong
by AwesomeAvani
7
#LINK/USDT 1h (OKX Futures) Ascending wedge on resistanceChainLink printed two shooting stars in a row and seems likely to retrace down to 200MA support. ⚡️⚡️ #LINK/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (5.6X) Amount: 5.0% Current Price: 20.219 Entry Targets: 1) 20.449 Take-Profit Targets: 1) 19.002 Stop Targets: 1) 21.174 Published By: @Zblaba CRYPTOCAP:LINK OKX:LINKUSDT.P #ChainLink #DeFi #Oracle chain.link Risk/Reward= 1:2.0 Expected Profit= +39.6% Possible Loss= -19.9% Estimated Gaintime= 2-4 days
Short
by TradingOn
6
#BTC/USDT 1h (OKX Futures) Parabolic channel on resistanceBitcoin just printed a shooting star and seems likely to retrace down with that overbought RSI, very short-term. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (9.0X) Amount: 5.0% Current Price: 47555.0 Entry Targets: 1) 47643.2 Take-Profit Targets: 1) 45534.1 Stop Targets: 1) 48700.3 Published By: @Zblaba CRYPTOCAP:BTC OKX:BTCUSDT.P #Bitcoin #P2P bitcoin.org Risk/Reward= 1:2.0 Expected Profit= +39.8% Possible Loss= -20.0% Estimated Gaintime= 2-4 days
Short
by TradingOn
1
NZDJPY: Bullish Divergence and Fib Retracement Signal Potential📈 Overview: NZDJPY, amid a bullish trend, shows a bullish divergence near its higher low. The current retracement from the 0.618 Fibonacci level suggests potential upside. 📊 Technical Analysis: Bullish divergence and retracement from 0.618 indicate a favorable risk-reward ratio for potential long positions. 📉 Trade Strategy: Traders may consider long positions, with entry near the current retracement level, anticipating an upward move. 🛑 Risk Management: Mitigate risks with stop-loss orders to protect capital in case of unexpected price movements. 📈 Conclusion: NZDJPY offers a concise opportunity for further upside, supported by bullish signals. Monitor for confirmation and adjust positions accordingly.
Long
by miansarimhameed
THE METHOD : A RELIABLE, REPEATING, CONSISTENT CRYPTO PATTERN I have an archive of screenshots of this, going back years. After my crypto baptism of fire, using all the money I'd earned from my first international art sale, knowing nothing and choosing leveraged trading for it's potential returns, I initially set out to find the perfect pattern that I thought I sensed when I looked at a financial chart for the first time.. And yes.. To recover my initiation fees also.. I lasted all of 4 hours.. But I was hooked.. This is my ongoing account of what I found and how it all fits together to explain visually and without any "it kinda works" theories. It's clear as day, and it blows my mind every time I see it. Will keep posting new ones as they occur. Please note that I'm not on a pattern hunt. I'm only tracking them on the coins I'm interested in at the time.. Currently: BIGTOE
Education
by Rebelmedia
CADCHF: Bullish Reversal Potential - Long Trade Setup📉 Overview: CADCHF is shifting from a downtrend to sideways movement, signaling a potential bullish reversal. A sharp bullish divergence and a strong 97% bullish market sentiment enhance the likelihood of an upward move. 📊 Technical Analysis: Transition from downtrend to sideways, coupled with a bullish divergence, sets the stage for a potential bullish reversal. 📈 Market Sentiment: A robust 97% bullish sentiment supports the potential strength of the upward reversal. 📉 Trade Strategy: Traders may consider a long trade if the key level at 0.63910 is breached. Entry points near the coming higher lows (HL) or Fibonacci retracement levels like 0.236 or 0.382 are potential considerations. 🛑 Risk Management: Implementing effective risk management, including appropriate stop-loss orders, is crucial to safeguard capital. 📈 Conclusion: CADCHF presents a compelling long trade opportunity with bullish signals and strong market sentiment. Monitor the break above 0.63910 and adjust positions based on evolving market conditions.
Long
by miansarimhameed
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!
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Education
by LeafAlgo
16