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Goldenratio

BNX Breakdown: The Next Trade SetupBNX has recently been testing a key resistance zone around the $1 level. After hitting the 0.618 Fibonacci retracement at $1.10, the market shifted into a downtrend. Let's analyse where our next trade opportunity might arise. Market Structure & Confluence Zones $1 to $1.1: BNX encountered robust resistance between $1 and $1.1, where the 0.618 Fib retracement aligns perfectly with the fib speed fan (0.618-0.65). Additionally, the anchored VWAP taken from the high at $1.1 aligns beautifully with the $1 mark, adding another robust layer of resistance. This convergence reinforces the strength of this zone and signals potential continuation of the downtrend. Recent price action shows that BNX has repeatedly bounced off the 0.618/0.666 levels during small downward corrections. Moving Averages on the 1-Hour Chart: The 21 EMA/SMA on the 1-hour timeframe is clustering between $0.97 and $1, providing additional confirmation of the resistance and offering an ideal entry region for short trades. Primary Short Trade Setup Given the multiple confluences around the resistance zone, our main focus is a short trade with a well-defined laddering strategy: Entry Strategy (Laddering): Initiate short positions with staggered entries between $0.97 and $1.019. This dollar-cost averaging (DCA) approach allows for flexibility and optimises your entry as price tests the resistance zone. Stop Loss (SL): Place your stop loss around $1.0375, just above the Point of Control (POC) or the previous high in this range to effectively manage risk. Target: Aim for a profit target at $0.8. This target is supported by multiple technical indicators. Risk/Reward Ratio: With these levels, you are looking at an approximate risk/reward ratio of 4:1 or better, depending on your specific DCA weighting. Confirmation: As always, await confirmation through order flow analysis and the appearance of rejection candles at key levels before entering the trade.
Short
by SiDec
3
UJ Bears Break Andrew's Pitchfork, Time To Short??Based on the Aug. 5th Low (A), Aug. 15th High (B) & Sept. 16th Low (C) we are able to project an Up-trending Andrew's Pitchfork. After price makes a Fibonacci Retracement to the Golden Ratio (61.8%) of the Pitchfork Range, price falls to the Previous High or Point of Interest finding support to then rise and stall out at the Linear Regression or True Trendline of the Pitchfork and is unable to sustain the Higher High to only fall again while this time breaking the Rising Support of the Pitckfork. Price may continue to fall to the POI before finding support again @ the 148 - 149 range but we should expect price to retest the Break of Rising Support @ the 155 - 156 range. -If support turns resistance and holds price, this will deliver great shorting opportunities to take down to the POI and potentially all the way to the Range Target of 139 - 142! *If price ascends back into the Pitchfork range, price action is considered a False Breakout. Fundamentally, so far Feb. has been a trying month for USD where we saw last Friday, Non-Farm Employment Change came in @ 143k ( 164k Decrease from last month @ 307k which was revised up from 256k) with only a .1% down tick in Unemployment to 4%. This Week: USD Tues - Powell Speaks Wed - Core CPI/CPI, Powell Testifies Thus - Core PPI/PPI, Unemployment Claims Fri - Core Retail Sales/Retails Sales
Short
by Novi_Fibonacci
HBAR Seeking Golden Ratio After False Break of Consolidation?There's some big tells in what COINBASE:HBARUSD could potentially be getting ready to do so lets break it down on the Daily Chart! Since the High on Dec. 3rd @ .392, Price has steadily been forming what looks to be a Descending Triangle while finding Support in the ( .25 - .23 ) cent range. Bearish volume building and RSI going from Overbought to currently going Below 50 suggests further Bearish Price Action could occur! After the Positive USD Economic News Results for ISM Services and JOLTS Jobs Openings coming in well above Forecast, this seen the Dollar gain strength and other markets like Stocks and Crypto take a dive, in COINBASE:HBARUSD instance, it generated a False Break of the Descending Triangle to now where we see Price plummeting down to test the Support of this Consolidation Pattern. If Support breaks, we could see Price make a Retracement to the April 2024 Highs @ ( .18 - .15 ) This area looks especially favorable because: -From the Low before the Rally @ .04172 to the High of the Rally @ .392, lands the Fibonacci Golden Ratio levels priced @ ( .19619 - .17553 ) with the April 2024 High @ .1842 right in the Middle of this Zone! -The 200 EMA is curving up into the suspected Support of the April 2024 Highs if Price were to fall, it would test this as well! *If Price continues to fill the Pattern more, keep an eye out for more False Breaks, this will be evident with Price breaking either Area of Value ( Falling Resistance or Support Zone) followed with minimal Volume.
COINBASE:HBARUSDLong
by Novi_Fibonacci
2
SOL’s Golden Zone: $217-$213 The Perfect Long Setup?SOL is still in a corrective phase, with the 0.618 Fib retracement of the entire wave at $217.27 yet to be tested. This level aligns with key technical confluences, making it a critical zone to watch. Recent Price Action & Short Trade Recap: Today, SOL retested the pwdOpen, aligning perfectly with the Point of Control (POC) and the 0.618 Fib retracement of the smaller downward wave, making it an ideal short entry The reaction was significant, but now the focus shifts to whether $217 will finally be tested Long Trade Setup: Entry Zone: $217 - $213 Stop Loss (SL): Below $210 Take Profit (TP): $260, targeting the next major resistance level Why This Setup is High-Probability: 1.) Fibonacci Confluence: The 0.618 retracement of the full wave at $217.27 is a key level where buyers may step in Weekly Support at $213.35 adds strength to this demand zone 2.) Liquidity Sweep Potential: A dip into $217-$213 could liquidate long positions, setting up a strong reversal if buyers reclaim control 3.) Upside Targets: 2021 all-time high (ATH) and beyond Final Thoughts: Key Levels to Watch: $217-$213 for long confirmation Look for volume confirmation and bullish reaction before entering If SOL holds above $217, this setup could provide an excellent R:R trade This could be a golden opportunity for a high-conviction long. Let’s see how SOL reacts! 🚀🔥
COINBASE:SOLUSDLong
by SiDec
DEEP in the Game: Perfect Long Setup UnfoldingDEEP has recently shown an impressive move, surging by +65% in just one day. This is a strong sign of momentum, but now we are at an interesting stage, with price ranging within certain key levels. Key Price Levels: 1.) Resistance at $0.276255 (Weekly Level & Fib 0.618): DEEP has been reacting precisely to Fibonacci levels and key price zones. After reaching the 0.618 Fib retracement, it encountered strong resistance near the weekly level at $0.276255. Since then, the price has been in a pullback phase 2.) Head and Shoulders Pattern: After the impulsive move, DEEP formed a head and shoulders pattern, which was broken to the downside. The classic pattern completion confirms a bearish bias, but the subsequent retest of the broken neckline leads us to the current range 3.) Support at $0.209732 (Fib & Liquidity Zone): The Fib retracement 0.786 of this 5-wave impulse aligns with $0.209732, where we also see liquidity stacking up. This is an ideal support area where we might see a bounce, given the confluence of the head and shoulders target aligning here The Fib retracement 0.618 from the larger wave is close at $0.208073, giving us even more confirmation of the importance of this region 4.) Fib Speed Fan: Additionally, the Fib speed fan places the 0.818 level right at this support zone. This adds another layer of confidence to the idea that this could be a strong entry point for the long setup Trade Setup: The combination of these factors creates an ideal long setup: Entry Range: The key levels we are looking at for entering are between $0.21 and $0.208. Major Confluences: We have the Fib retracement 0.618 from the larger wave, head and shoulders target and Fib speed fan support all aligning here. This is not just coincidence, it's a perfect storm of technical support! Stop Loss (SL): Place the SL below the 0.786 level for now. This would provide a good margin to avoid unnecessary market noise, with the option to ladder your stop loss towards this 0.786 level depending on price action Target Range: A 2:1 risk-to-reward ratio or higher. This price point aligns with a previous key level of resistance and is an excellent target based on this setup Confirmation: Before executing, always look for confirmation: Volume: Ensure there's enough volume to support the move Candlestick Pattern: Look for a solid reversal candle at the support zone (e.g. bullish engulfing, hammer, etc.) Order Flow: Ensure that the order flow is in favour of the long position, signaling that buyers are stepping in Remember, trading is all about patience and confirmation. Keep an eye on volume, candlestick patterns and overall order flow before jumping in. Let’s see how DEEP plays out.
Long
by SiDec
DEEP Key Levels - Weekend Trade SetupsDEEP has been consolidating in a 6-day trading range and as we move into the weekend, lets look at the setups. Short Trade Setup Resistance Zone: The 0.786 Fibonacci retracement aligns with the POC of the 6-day range at $0.304, making it an ideal short entry Target: The 0.618 Fibonacci retracement at $0.208, where liquidity has built up below Risk-to-Reward (R:R): This short offers an impressive 10:1 R:R if the setup plays out Long Trade Setup Support Zone: The 0.618 Fibonacci retracement at $0.208 also serves as a key support level Anchored VWAP from the recent highs provides additional support near this level Stop Loss: Stop just below $0.195 Take Profit: TP at round 0.24
Short
by SiDec
5
XRP - Key Levels to WatchXRP recently broke its all-time high (ATH) from 2018, touching $3.317. This key resistance was fiercely defended by bears, offering a strong short opportunity on the first break. Now, after consolidating for over 10 days, let’s dive deeper into the key levels and confluences to plan trades. Resistance Levels All-Time High (ATH) - $3.317 Key resistance from the recent ATH breakout, strongly defended by bears Support Levels and Confluence Fibonacci Retracement: 0.618 retracement of the recent impulse wave aligns at $2.74078 Weekly Level: A strong weekly level at $2.75 provides further support Daily Level: The daily level at $2.72763 lies within the support zone Swing High from the Previous Trading Range: The December 2024 swing high at $2.725 adds more confluence Volume Profile (VAH): Value Area High (VAH) of the previous trading range aligns with the support zone Fibonacci Speed Fan: The 0.618 speed fan intersects at $2.7, depending on the timing (late January to early February) Pitchfork: While not plotted, it aligns closely with this zone, further supporting the level Support Zone: $2.75-$2.71 Short Trade Setup The first short opportunity arose at the ATH of $3.317, providing an excellent risk-to-reward ratio. If missed, another short trade setup can still be executed at the current price: Entry: Enter at the current price Stop Loss: Above $3.29 Take Profit: $2.80 Risk-to-Reward (R:R): 2:1 Long Trade Setup Entry: Ladder longs between $2.75 and $2.71 Stop Loss: Below $2.63 Take Profit: $2.95 Risk-to-Reward (R:R): 3:1 or better
BITSTAMP:XRPUSDShort
by SiDec
3
Solana's "Impulse" ATH Bound To ContinueWave 1) Low @ $110 to All Time High @ $264.63 - Wave 2) Golden Ratio Retracement from ATH to $169.22 - Wave 3) Price Exhaustion around $323.54 After Valid Break - Wave 4) Retracement to Previous Break of Structure - Wave 5) Final Leg Before Correction - The announcement of the Official Trump coin being launched has started an interesting turn of events and may be helping usher COINBASE:SOLUSD into an Elliot Impulse Wave! With the Solana-based meme coin reaching $8 Billion in Market Cap, value increase by 300% and $1 billion in trading volume we see COINBASE:SOLUSD at an $118 Billion Market cap, currently 15% value increase on the day and close to $14 Billion in trading volume! In a couple of days, the Pro-Crypto Trump Administration who plan to make "US the Crypto Capitol of the World" is pegged to take Office in just a couple days with expectations of actions being taken that will start to boost the Crypto Market. I suspect we will see the Extension of Wave 3 that will break Wave 1 confirming the sequence in which we will be looking for Price to Exhaust around the $323 area to then start Wave 4 by Pulling back to Retest the Break of Previous Structure being the High of Wave 1. IF support is then found, we could see the Final Leg of Wave 5 with a Range Target @ ( $418 - $477 )
COINBASE:SOLUSDLong
by Novi_Fibonacci
BTC watch 90 then 85k: Targets for the well foreseen RetraceBTC peaked at a wave end point projected by our fibs. Retrace progressing with speed and very few bounces. Adding a retrace fib gives us a few key targets below. $ 88,976 - 90,177 is the Minimum Expected dip. $ 84,686 - 85,714 is the Strongest support below. $ 80,438 - 81,289 Speed Bump only, unlikely to hold. $ 77,179 - 77,672 is a MUST-Hold for bulls or its "ova". ================================================ Previous Analysis: Big Picture projection of 97.8k break and run to $105k Near term warning of possible top at $104-105k ==================================================================
COINBASE:BTCUSD
by EuroMotif
10
BTC heads up at 97.8k: Genesis fib and Last Stop before 105kShown here is a single fib series in three different time frames. The Genesis Sequence has caught every major turn since 2015. This fib is a "minor" ratio but a big jump from Golden fib below. $ 97,769.44 (Coinbase) is the exact level of concern. It is PROBABLE that we see a pullback from it. It is POSSIBLE that it marks 'a' top or even 'the' top. It is PLAUSIBLE to orbit a few times and then continue. ======================================================
COINBASE:BTCUSD
by EuroMotif
17
Pulse of an Asset ala Fibonacci: ETH at 4k Impulse CORE again"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Part of my ongoing series to collect examples of my Methodology: (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:ETHUSD
by EuroMotif
1
META watch $635 then 668: Major fib clusters that may cause DipsMETA broke out of a flag and ran into a fib cluster. This would be a good spot for local top and a dip. Alternatively a break and retest could be an add. $ 634.32 - 638.33 is the immediate resistance. $ 667.93 - 668.65 is the next serious barrier. $ 600.00 - 601.85 is first good support below. ============================================ Previous Plots: ============================================ $400 Break out: $489 Golden Genesis: $600 pullback: ================================================================== .
NASDAQ:META
by EuroMotif
Pulse of an Asset via Fibonacci: TSLA at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Part of my ongoing series to collect examples of my Methodology: (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
NASDAQ:TSLAEducation
by EuroMotif