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Fibs

BTCUSDT - Possible Bullish Gartley Harmonic12 Hour Time Frame UTC+1 Fib pulled from X to A with confluence on 0.618 and nPoc (s) at 22,500 to 22,650 for first impulse move. Looking at a retest at these values. Should this retest fail, that would probably invalidate the pattern. Should the pattern continue to play out, will be looking at resistance drawn from Fib pulled from A to B, 0.618 resistance or 0.888 typical Gartley Fib. Should the pattern continue to play out, will be looking at a retracement back to daily at 0.782 between X and D impulse. Will be looking for a bounce at 0.382 (or 0.5 not on chart) for momentum to the upside as well to the upside.
BINANCE:BTCUSD.P
by hmaroudas
1
BTCUSDT - Descending Triangle After loosing a key Weekly on a move to the downside, next question is where to next right? Spent the morning trying to second guess the market and in essence try predict the price. Garbage. Trade the moment and whats in front of you. Knowledge is power. Well respected in my opinion backed by some decent fibs is a descending triangle. Fibs drawn from highs to lows, where 0.618 resistance levels within the triangle seem to be well respected. The 3rd of which is an estimate. Breakouts, I suspect are outside the triangle, with each of the previous Fibs at 0.618 acting again as resistance. Target low should the price break down, be the fib extensions 1:1, in red. 1 particular of interest is the nPoc at 22,500. Note: 4 consecutive days where the price hasnt broken higher then the day (or previous day close). Ill consider bullish momentum should we break above yesterdays close price, especially a closing a day.
by hmaroudas
1
BTCUSDT - Trading Range (Possible New)2Hour Chart - UTC+1 My best effort attempting to draw a trading range that if the price breaks what I think is the top of the previous range, will form a new range. Trading range: Bottom 24,300 Top 28,400 and Middle 25,700. At the time of writing, possible retest of the top of previous range. Having hit the weekly at 24,295 could possibly be a signal that we continue this new range, keeping in mind the daily resistance levels above. Fibs: A continuation from last range. Fib Channel from low on Saturday 14 Jan at 11:00, to low Mon 13 Feb at 17:00, to high Thurs 2 Feb at 01:00. I have drawn 2 Fib retracement levels, and using them for Fib Expansion levels to determine possible support and resistance levels for price action above. I am doing this because between the range, either price went up very quickly or, went down very quickly. This has not left much for support and resistance as far as monthly, weekly, and daily horizontals are concerned. Interesting that both Fibs extend to top at Fib expansion 2 same price range and top. * For both Fib retracement levels I'm using the expansion levels at 1.133, 1.272, 1.414, 1.618, and 2 as support/resistance levels. Indicators as new price discovery levels where there are no timely support/resistance levels. Particularly of interest where there are intersections with timely support levels, such as 1.133 and daily at 24,631. - Fib retracemet (Extended line to the right) from high Thurs 2 Feb at 01:00 to low Monday 13 Feb at 17:00. 1.133 already proven to be a fair enough resistance and possible support. 1.272 seemingly a resistance level. - Fib retracemet from high Thurs 16 Feb at 17:00 to low Friday 17 Feb at 01:00. 0.382 (inverse 0.618) had a good reaction to the upside. 0.618 (inverse 0.382) noticeable resistance. 0.618 a nice alignment with other fib level 1.133, may be an indicator of flipping resistance into support, and good setup for the daily at 24,631 (just an idea). It's worth noting that Fib 1.618 in the previous run up and in the previous range, was the middle of the range for that range. I have chosen to be conservative and rather let time play out before calling it a middle in this possible new range. If this were the case, it would change the top of the range to what I think at approximately 28,600. Assumptions: All monthly, weekly, daily, and nPoc Horizontal rays act as support and resistance levels (* dashed lines are ends of wicks on the retrospective level). Support when price is above and resistance on price action below. Fib channel also used for indication of past and present possible support/resistance levels.
by hmaroudas
BTCUSDT - Bullish Bias Based on FibsBullish bias to the upside based on Fibs. 1st Impulse Fib retracement from Impulse low to high gave a breakout from 0.382. With a Fib extension 1:1 upside target of 24.1K. 2nd and current impulse Fib retracement from Impulse low to high giving a current possible breakout from 0.382. With a Fib extension 1:1 upside target of 28K. Also worth noting is swing low fib from 1st breakout to last pivot high gives us a bullish fib of 0.618, current price. Speculative and should be used with unbiased trade with risk management as always. Loosing 0.382 at 21.6K may be a signal for more downside to come.
by hmaroudas
21
ES1! - Macro Technical Analysis - Work in ProgressWork in progress moderators. Step 1 : Support 1. 1. Speed resistance fan drawn from monday 8 Feb 2016 to high 18 feb 2020. Support at 0.75 fib low 23 March 2020. 1.2. Speed resistance fan drawn from 23 March 2020 low to swing high (recent) Monday 10 jan 2022. Possible support at 0.75 speed fan. Step 2: Resistance 2.1. Trend based extension from low monday 8 Feb 2016 to swing high at Monday 5th Feb 2018 to low (this is my problem for the next move current, understanding this low) aon monday 24 December 2018. 1:1 extension at 3,401. 2.2. Trend based extension from low monday 23 March 2020 to swing high at monday 31 August 2020 to low Monday 21 September 2020 gives a top of 4,617. Point 2.2. Leaves an indifference of 5%. For now. Leaving it at that. Something is wrong. Just putting this out there as an idea for ES1!.
CME_MINI:ES1!
by hmaroudas
AUDUSD possible long moveAN offers a really good long setup. The confluences are: 1.ascending channel 2.break and retest of S/R zone 3.daily AND weekly 50EMA laying on this level 4.61.8% fibs So we just need to see rejection candles at POI for entries. The only thing I don't like is the bearish momentum. The last daily candle is Marubozu candle, a very dominant candle sooo I'll be looking for STRONG 4H rejection candles or daily candle before jumping in longs! It could easily penetrate the zone, so be careful with entries.
Long
by JivkoXristov
2
How to Spot the Confluence Zone | Pro Fibonacci Technique If you are struggling with the identification of accurate trading entries, you definitely should try confluence zones. Note: there are hundreds of variations of confluence elements. In this example, we will discuss trend lines and fibonnachi. ❗️To identify a confluence zone, the price must follow a trend line (it should match higher lows if the market is bullish ; it should match lower highs if the market is bearish ). Once the trend line is confirmed by at least two touches and consequent reactions, you can look for a confluence zone. 1️⃣Project a trend line and identify the next POTENTIAL touchpoint of the market with a trend line . 2️⃣Take the last impulse in the direction of the trend. Draw a fib retracement based on it (swing low to swing high in case if the market is bullish , swing high to swing low in case if the market is bearish ). 3️⃣Take the previous impulse (it must be in the same direction as the initial one). Draw a fib retracement based on it. 4️⃣Look for a match of retracement levels of the last two impulses and a projected trend line . In case if two retracement fib.levels & trend line match, you found a confluence point. 5️⃣ Apply it as a safe entry point. You will get a perfect trend following opportunity. Let me know, traders, what do you want to learn in the next educational post?
Education
by VasilyTrader
9