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Goldenpocket

ETHUSD - Golden pocket reachedThe bulls tried several times to break the strong resistance level of $1700 but failed to do so. However, it has now retraced to the golden pocket area, presenting a favorable long opportunity with the potential to surpass the $1700 resistance leve this time. If successful, the next target level could be the psychological mark of $2000. The bullish bias for ETH remains intact as long as it continues to trade above the support level of $1500. It is recommended to monitor the price action over the coming days to determine whether it can break through the $1700 resistance level and continue its upward trend.
Long
by SiDec
1
ETHUSDT - Liquidity zone reached, ready for higher?ETH has faced significant resistance at the key level of $1700, marked by the June 2021 low. Despite repeated attempts we failed to break through this level, leading to a swing failure at the November 2022 high. This failure has resulted in a retracement to the liquidity zone at $1500 (Key Level), which is also the median line of the channel. Additionally, there is the 200-day MA acting as support at $1440. This retracement has had a significant impact on traders who had entered long positions from January 14th, as many of them may have been forced to exit or are now underwater. To regain momentum and target for higher prices, it is essential to reclaim the previous low and establish it as our new level of support. Volume will play a crucial role in determining the next move. As long as ETH remains above $1500 a bullish bias should be maintained. The 200-day MA at $1440 acts as an additional layer of support.
Long
by SiDec
BITCOIN Will Have a Correction Before Going Back BullishHello Bitcoin traders, Bitcoin has been very bullish for the past two days, but always be ready for a correction because many signals show that it is still overbought (see my previous post for 4 signals). With the Fibonacci Retracement, we see many moments where the principal lines served as support or resistance for the price. The price has now reached the "Golden Pocket" where reversals often happen. We can expect the price to have a slight to medium correction before continuing its bullish rally.
BITSTAMP:BTCUSD
by YanakTrading
2
ETHUSDT: Support at $1.3k according to the Fibonacci RetracementIn this ETH/USDT chart, we use the Fibonacci Retracement to look at resistance and support levels and try to predict what will be Ethereum's next move. We see resistance at 0.65 (price at 1.7k), 0.786 (price at 1.8k), and at the "GOLDEN POCKET". What is the Golden Pocket? It is an area between 0.618 and 0.65 where significant reversal often happens, and in Ethereum's case, we see that the price dropped all the way from 1.7k to 1.1k in only four days after reversing in the Golden Pocket. The price also received support at 0.5 (price at 1.5k), 0.382 (price at 1.4k), and especially at 0.236 (price at 1.3k). Following these observations, we can expect the current price to use 0.236 again as support before rallying at least to the nearest resistance 0.382. Also, pay attention to the Relative Strength Index (RSI) to see any overbought signals (ETH is overbought if the RSI goes above 70. The market will then correct the price shortly by bringing it down. However, if the RSI oscillates between 50 and 70, it is a sign of a healthy bullish trend). Yanak
by YanakTrading
4
TSLA Major Confluence Long Signal!Going to keep this simple. We have a touch on the bottom of the descending parallelly channel, a major horizontal support line, and the golden pocket. This is a very bullish setup for TSLA to bounce. Stops should be placed below golden pock with the right position size and risk management to protect your account incase the bears manage to push the price through this major support. Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new information. You have to adjust or get REKT. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
NASDAQ:TSLALong
by rnaofs
Possible double top on 4hI think this is a nice possible short to at least ~1275, the take profit levels are based on the golden pocket fib level as I have explained on chart and I can see the price going there. But, my first take profit will be ~1275, because I think there can be a bounce there. I think stop loss needs to be tight here since it's based on double top. Notes: The path I have drawn is only the direction and I have not strictly considered support/resistance levels while drawing it. This is just a possible scenario I'm seeing, thank you for reading, I would love to see any kind of feedback. I like my charts clean and I don't like bright/flashy colors so I use colors that I feel most comfortable with, especially with my monitor. If I use bright colors it burns my eyes. I'm also a fairly new trader and got a lot to learn.
Short
by clumsy_trader
Quick hit n run [risky] shortBearish Wolfe Waves forming inside an ascending wedge. I would wait for price to break the upper Value Area of the volume profile of the current trading range to confirm short entry . RSI but looks ready for a little move to the downside. Golden pocket on the fib marked as well. Will trigger myself a high leverage short taking targets first at the golden pocket, then according to reaction on POC and VAL of the volume profile I will decide wether to book more profits / close position or not. An ideal solution would be a sweep of the low. Triangle fakeout / fake breakout could add confluence: Trade safe and use adequate position sizing.
Short
by xcitedDelirium
2
COINBASE updated levels (Nomad News?) This is an update to my Coinbase Idea from July 26, linked below. I've mapped couple new levels but my overall plan hasn't changed, waiting for Earnings on August 9th. Coinbase flying today, only reason I can think of is the $200mil Nomad exploit. Price is hesitating to break above the Golden Pocket of fibs taken from July 20th. A lower timeframe will help in identifying an entry if the price breaks above GP. Price breaks above GP (with a confirmation) Target #1: 71.65 Target #2: 76.90 Price gets rejected by GP Target: 63.5 this is a tested level, Short trade will require some vigilant TP adjustments. If you've got an eye on some interesting charts, please let me know, I'd be happy to take a look. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
NASDAQ:COIN
by WhoIsWu
4
Ready to long BTC?We have no confirmation for a trend reversal in high timeframe! BUT, we do have 3 or more confluences at that miniGP level, which is more than enough to look for a long position, provided reversal indications with PA. dont blindly use high leverage, instead risk less than 5% on this trade. If looking for high leverage go to smaller timeframes and wait for levels to hit, use CCTR or MLB for reversal indication risk bare min.. Mindset to be in: "If this works im in, if price flirts at that level i will ditch on high leverage entries"
BYBIT:BTCUSD.PLong
by phenodev
3
Disregard The Noise. XRP Will Eventually Pump. Bulls Load Up.First things first, I'm not the biggest fan of this centralised thing called XRP. I don't like the propagandists on YouTube spreading rubbish like "XRP TO 10K, 25K ,50K, 100K" ", The Great Reset " etc.. But feelings don't matter here, and as my mentor repeatedly says - "Emotions man, A Money Killer" Since it hit 10 cents during the March 20 sell-off, price then rallied 1800% to $1.96, the "Great Sell" then printed and price has since corrected 85% to 29 cents. XRP never rallied again like the rest of the market, nor did it go on to make a new high like the rest of the top 10 coins, mainly due to the whole SEC saga, which I'm sure everyone is aware of by now. Price currently hovers in the Fibonacci Golden Pocket, big Volume Profile can be found between there and the 0.786 fib level (19 cents) A conditional "Incredible Buy" prints along with 5 bullish oscillators. Stochastic Oversold. Long term Bulls should now be dollar cost averaging into their positions. Buys from 17 - 19 cents would be excellent. Can price drop further? Absolutely, I don't try timing tops or bottoms. Market sentiment is extremely bearish. The financial system is unfathomably complex, and no one, the Fed included, can prepare for every possible scenario as it embarks on its most ambitious Quantitative Tightening program to date. How will this affect cryptocurrency? Only time well tell! XRP has a strong supporter base and I believe over time, Ripple will continue to nab customers from the 10,000 financial institutions that Swift has on the payroll. Good Luck! Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas. Credit to @without_worries for allowing use of indicators.
Long
by bL1TZZ
4
STX/BTC currently trading in the golden pocket rangeSTX/BTC is STX/BTC is currently trading in the golden pocket range on the weekly chart. The divergence script for many indicators indicates two clear bullish divergences. Chris Moody's script 'CM Williams VIX' which finds market bottoms, flashes obvious green. LazyBear's Squeeze Momentum Indicator indicates a momentum change due to the first colour change from red to dark red. The sell volume has been decreasing for months. RSI is below 40. MACD is a lagging indicator but when you switch to a 2/3day timeframe there is already crossover. My expectation is that this will soon follow on the weekly chart.
Long
by joerivdpol
CHZ Possible bounce in Fib Golden pocket areaBYBIT:CHZUSDT Has retraced to a Fib Golden pocket area after making a local high. Awesome Oscillator and RSI look to be printing Bullish divergence on the 30m. Wait for confirmation. Look for longs in this area WHEN YOU SEE A SIGN OF STRENGTH - (i.e. swing failure pattern or morning star candle pattern) Possible Double bottom at Orange circle area. If no sign of strength and price falls through this golden pocket area (0.618 and 0.66 Fib), do not enter as market structure would have been broken. When price hits the short stops area, expect price to shoot up as those shorts covering will re enter the market as longs. These can be used as TP areas. Tight stops Not financial advice. DYOR. Papertrade before using real money
Long
by zartraderguy
Bitcoin Move up to 44.3-44.5kHey Traders, As you can see on the Daily Chart of Bitcoin (BTC). The price action has formed a falling wedge. The Elliot wave count shows that the breakout is imminent. The ema's are for decoration. We have hard resistance right now because not only is it a trend- line but there is also the orange basis ema of the daily Bollinger band in the same spot. Additionally, the MACD histogram will flip green soon indicating an uptrend! But expect a retracement up to the golden pocket near 44k! Safe Trading, -Pulkanator
Long
by Pulkanatir
BTC LONG! Where I Think We Will BounceBTC Just had a stellar run over the past couple of weeks, so it's time for the fated retracement to shake out the weak hands and for smart money to accumulate larger portions sizes... Annnnd, I will be jumping aboard that boat. Here s my BTC trade that I am taking and riding up to the 52k Target where relatively equal highs reside and buyside liquidity rests. My two entries are 42180 and 41300. Not Financial Advice, DYOR and ALWAYS use proper risk management.
Long
by UnknownUnicorn15302902
GALAGALA is getting getting rejected hard by the GP/Resistance. It's trying to change trend, but still ways to go until Downtrend Channel's Upper limit. Looks like it's retracing, how far isn't clear yet, I'm watching what GALA will do at 0.23446. Theory #1 GALA bounces off 0.23446, it can go parabolic again and break through the GP. Theory #2 GALA breaks below 0.23446, it will travel towards 0.22445 - 0.22173 region for another strong bounce attempt. There's no strong change in Volume, so both Theories are in play. I'm watching GALA on an 8M chart as it approaches 0.23446 This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
by WhoIsWu
TUSDTThesis is pretty simple: Following a weak channel (token is brand new, but it's on Binance) Fibonacci Retracement taken from the genesis to ATH, gave me the target. TUSDT breaks below 0.18, I'm Shorting to the GP of 0.145 to 0.15, with a pit stop at 0.1655. Once GP is reached, I'll plan a Long entry, i.e. back up towards 0.1655 and previous Fibonacci levels. Trailing-stop real hard on TUSDT. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
by WhoIsWu
Ascending Triangle on the daily BTC On the daily timeframe we have this beautiful ascending triangle. As we all know ascending triangle is bullish pattern and it's very high probability to break to the upside. However we may go down to retest support line before we break to the upside. The target of this pattern is 55.3K which is in perfect confluence with the golden pocket. What do you think about this ascending triangle? Feel free to leave a comment. If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
Long
by Mladen94