Get started

Goldenratio

Golden Ratio on Any Chart - Interesting Results Notice how the following numbers are resistance and support. Breakdown any stock using the fibonacci retracement tool and start at zero to a number listed below that is above the all time high of the stock. Notice how the 23%, 38% and 61% will match one of the numbers on this list. Now apply fibonacci retracement tool in between any of these percentages and you will again find key levels. Break it down again and again to find key levels for lower time frames. I'm fairly new to technical analysis , so I don't know if this helps. Any comments? 1.61803398874989000000 X 0.00118624128964227000 0.00191937872549970000 0.00310562001514197000 0.00502499874064165000 0.00813061875578358000 0.01315561749642520000 0.02128623625220870000 0.03444185374863370000 0.05572809000084210000 0.09016994374947550000 0.14589803375031700000 0.23606797749979100000 0.38196601125010700000 0.61803398874989600000 0.99999999999999900000 1.61803398874989000000 2.61803398874988000000 4.23606797749975000000 6.85410196624959000000 11.09016994374930000000 17.94427190999880000000 29.03444185374800000000 46.97871376374660000000 76.01315561749430000000 122.99186938124000000000 199.00502499873400000000 321.99689437997300000000 521.00191937870500000000 842.99881375867400000000 1364.00073313737000000000 2206.99954689604000000000 3571.00028003340000000000 5777.99982692941000000000 9349.00010696277000000000
SP:SPX
by UnlimitedTrading
GBPAUD : LONG TRADE IDEA (150 PIPS REWARD)GBPAUD is looking bullish as buyers are strongly holding the 61.8% fibonacci level, Hopefully bullish sentiment continues with this momentum and drive price upwards towards 1.95900 level(TP level). Price could find its way back to 1.97500 in coming days maybe. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Long
by Tim298
Bitcoin : The beauty of Golden ratioHello fellas, welcome to the another day of the uncertainty and flatness for bitcoin. As a mother of all cryptocurrency, it's very tense that the price is moving with a lot of uncertainty and doubt. Now, I want to acknowledge you all with my current bitcoin bias which is very important. First of all, I want to explain about the golden pocket. The golden pocket is the area between the .618 -.65 on fibonacci retracement. And the .618 itself is also called golden ratio, It appears many times in geometry, art, architecture and other areas including trading. Whenever the price is touching this golden ratio zone, you must respect it as a major support or resistance because that's how trading work. You can't go against this golden ratio otherwise you'll keep losing. On the chart attached, we can see that on current down trend moves, there are 3 impulses moves and 3 corrective moves. On every impulse moves, I give the series of swing high and swing low, This labeled point is where I connect the fibonacci retracement to measure the corrective wave target. And on the 1st and the 2nd corrective waves, the top of corrective waves end up with a wick at these golden pocket range! is that a coincident? very interesting! Now, I want to show you at the 3rd series of impulse and corrective waves, It's where we are right now. The golden pocket zone is above the white resistance trend line. But, current price action shows us there are a lot of uncertainty and fear which make the bulls losing momentum slowly. The corrective waves 3 is trending slightly below 0.5 fibonacci retracement level. But, there is still opportunity for the price to have a spike to golden pocket zone although relatively small. The consequence if the price fails to break this 0.5 fib levels as resistance, we might see a horrific down trend moves and potential lower low. This is simply because we see the bear are in complete control over the market with the momentum of correction wave is diminishing from .618 to .5 fibonacci level. I just can say, stay away from bitcoin right now. Longing at resistance is not a good idea, but shorting without the confirmation of lower L and lower H clearly is not wise. Although I'm on bearish sight, I'm still lack of confidence to open any position right now.
BITFINEX:BTCUSDEducation
by julio24albert
1
Trading set up for bitcoinHello fellas, happy weekend to all of you. Once again, our analysis has came true and we can see that in the last few hours the price of bitcoin has going down of more than 3% and it is now testing the current phenomenal support around the golden pocket zone . If the price can break down of current support, I will open a short position with current set up applied on above chart. Risking for around 4% loss and targeting the huge 14% of going down will produce a perfect risk to reward ratio around 3.62 . This RR is pretty acceptable with high probability set up.
BITFINEX:BTCUSDShort
by julio24albert