Fibs
BTCUSDT - Technicals 0.618 against 0.382 .. It is what it is. Whos going to win? Sorry it is what it is ... It;s a matter of up or down? Dual - You know the game or you dont. This is a dual. Losing 16642, big one to the downside. My fave 10 EMA. To the T. Weekly support. To the upside. 16680 massive resistance. Swing either way. Upside massive Weekly, but not too big. Favours downside. Interesting. : ) Dollar Index may be a surprise. It´s against a strong monthly, so suspense. :)
BTCUSDT - Gartley <3Again Gartley .. Pulling Fibs and channel.. At the moment strong daily, undoubtedly strong daily but massive monthly and key level to break 17.5k .. Hitting lower than 16.5 to 16.2 would break confidence back to the upside. What would you do if the price hit 16.2k? : ) (Dont answer) I like the range I've drawn. Green parallel channel. I don't believe in Bearish/Bullish channels, its too far into the future as it is. Nice to see a flip 17.6k to 19.2K Eye on the ball, were on a downtrend, eye open for a trend reversal.
BTC Changed Market Structure- We're Back into the previous RangeBINANCE:BTCUSDT INDEX:BTCUSD BYBIT:BTCUSD
We were making higher highs and higher lows on the Bitcoin chart, but we have lost that bullish market structure, bringing price back into the previous range that we were in since the 11th of June 2022.
We are in a fib golden pocket reversal area, but I don't trust this bounce and I explain why in the video.
My plan is to wait for higher or lower before getting in to a trade and I show you which levels I'm waiting for.
Long, Short, it doesn't matter. What matters is that we're making money off both sides!
Not Financial Advice. DYOR. Papertrade before trading with real money.
If you liked this idea, please give it a thumbs up and follow. Comment on how you are trading BTC right now.
Safe trading!
Shawn
Gold up to 1781 and down to 1711It's the time for gold to retrace from last weeks heavy price drop.
NFP made the new low (broke 1732.36) to trigger bulls into taking positions with take profits at 1781.64
Looking for a bounce of an invalid head and shoulders setup on 1762.81 to form the retest @ ~1781.64
Then back to the fundamental bias of DXY bulls and commodity bears to extend the gold price drop to down to 1710.77
US 10Y Treasuries Short Term BearishCurrently watching the 10Y Treasury Yield to hit resistance and pull back.
3% should be a big resistance level for now.
Short term Fibonacci target of ~2.6%.
This will be bullish for equities.
The recent pivot low broke structure to the left, where the low in late April was broken.
This is now a bearish retracement towards the highs, and will be watching for fib levels or a double top as resistance.
The bigger picture monthly chart (below) shows a big supply zone resistance at 3%. This area of supply has been hit, and a further reaction to the downside expected.
Also, the yield is stretched away from the monthly 21ema, with the 21ema currently below the 200sma.
The stochastic momentum index (SMI) is also on overbought zone with bearish divergence.
Just playing with a fractal idea using fibs within fibs initially the setup hadn't developed yet, so I pulled from current resistance down to support, checked overhead and to the left price history for confluence with the idea, and sure enough price action is respecting them on the money. As the chart develops I will reset the fibs to what ever the larger chart pattern begins to form.
GBPNZD Buy idea using Fibs, Pivot Points and ZigZag ChannelAre you looking for a potential buy trade on GBPNZD? If so, then you'll want to take a look at the Fibonacci tool. This nifty little tool can help you identify key support and resistance levels, which can then give you an idea as to where the market might be heading. In the case of GBPNZD, it looks like the market is currently testing a key resistance level. So, if you're feeling bullish on GBPNZD, now might be a good time to consider entering into a buy trade. Happy trading!
EURUSD sell idea using Fibs, Pivot Point and Zig Zag ChannelEURUSD has been in a strong downtrend lately, and there are still good opportunities to sell it. In this post, I'll outline my reasoning for selling EURUSD at current levels, and provide charts to support my analysis. I'll also show how you can use Fibonacci retracements, pivot points, and Zig Zag channels to spot trading opportunities. So if you're looking to short EURUSD, check out my detailed analysis on the Forexandprofits' website.
VIX small pullback then higher?Watching VIX daily for a small pullback and maybe sideways, and then possibly through the descending trendline from the covid highs.
This would coincide with elliott wave analysis for the SPY for another leg down, and also the FOMC meeting coming next week (5/3), which is expected to bring volatility.
Initial fib target $37.13, but the descending trendline break and push above prior resistance levels could get a jump into the 40's or higher
Price is moving as predicted on my previous postMy theory that we're on track to retrace the QE manufactured bull run is still going. I don't think it will be quite as extreme as a full wipe of the gains, but we're going to see all stocks return to fair value as the Fed blunders around trying to figure out how markets work.
Potential Move upAs I stated in the patience is a vice post the interaction with the red Mars line (not related directly to planets movement :) ) the interaction with it is very important. Mars is now true resistance to the price if using the Fibonacci Moving Average. It usually means huge price movement up, but we will have to wait and see. I set my close short on my buy limit line, which is just north of the red line, I update continuously. If you take my advice, you must be as mad as I am. Good Luck and God Speed
$ZM to 257 by May 31st if US10Y cools offUpside Targets:
193.99, 257.52, 291.18
Downside invalidation: weekly close below .854 fib (138.04)
Welcome to 2022 and it looks like Zoom could be forming a bottom here on the .854 fib retrace. If it loses this level then it is extremely clapped and I would just bury this into the ground.
If the bullish sentiment picks up I can see this going along for the ride for a trip up to $257 by end of May. If the US10Y (white line) cools off I could easily see this stock continue to follow that trend and get some momentum to the upside.
The upside risk to reward seems quite good. You can set a stop below the .854 fib and move on if it continues to die.
Lyra is currently showing a multi week divergence of money flow going in while price seems to be bottoming out.
Volume indicators seem to be showing less and less selling volume over time meaning that we could actually have seller exhaustion. If we start to see increased volume with price going high I will def take this one for a ride up.
$SMH Bear Flag, Dip & RipSMH has sold off through the median of the pitchfork with more volume than the uptrend (Oct 21 to Nov 21). There is a likelyhood that we are doing "as above, so below" pattern where the price rejects the upper channel, supply exhausts, then comes back down to mirror down below to look for demand.
As of now SMH is hammering near the outer channel. I'll be looking for a low volume bear flag where bulls try to drive the price up just beyond the gap fill. Shortly after it'll be key to watch the bears step in and drive price down to 252.
After a bit of accumulation, should we continue to stay in this trend (since COVID) I can see the price quickly moving back to the median shortly after options expiration in Feb.