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Unlock Market Targets with Fibonacci: Precise Entries & Exits Hey there! In this video, I’ll walk you through how I use the 50% and 100% Fibonacci levels to get a clear sense of where the market might move next. It’s a simple, no-fuss approach that helps me trade with more confidence—without cluttering my charts with tons of indicators. The projection marks where a move might wrap up—perfect for deciding when to exit or take profits. Whether you’re into forex, crypto, or stocks, this strategy can keep things simple and effective. If you found this helpful, feel free to like, boost, comment, or follow—I’d love to know your thoughts and hear how this method works for you! Mindbloome Trading Trade What You See
Education
by Mindbloome-Trading
Trade/Market review for 6/26/24Great day today although maybe not the best conditions depending how you trade. I was able to catch a second chance entry for an Anty setup. Although price did not follow through with the trend, I caught the second leg of the attempted continuation. Price trailed up above yesterdays high and then came to a swift collapse back down below followed by a repeated attempt to break yesterdays high again but failing to do so. Price continues to bounce between yesterdays high and low.
CME_MINI:MES1!Short
by SirBlob
Similarities between Bitcoin's rising channels (950% gains?!?!?)This idea is not fancy. It is simple textbook chart formations such as flagpole targets and rising channels. Many people's first indicators that they learn are the MACD and the RSI. Next comes the use of divergences with the indicators and oscillators. This chart is basic enough to be in the introductory section of a trading textbook. While it is undeniable that we have higher highs and higher lows the chart below shows that that compared to last time the higher high was not as high, comparing almost 20% in the 2020 higher high to only 6.3% in the 2021 higher high. What is nice for the bulls is that the higher low we have put in so far in 2022 is 18.8% higher then the comparison low in the channel while in 2020 it was only 11.25ish%. So the high is not relatively higher but the low is relatively lower. Hopefully some wonk in the comments can tell us which performs better, is it better to have higher highs, or is it better to have higher lows? Regardless, the targeting and stop loss/trade management is pretty simple. For full performance just see the chart below. It does not get much easier than that. My linked idea about the XABCD butterfly will show a higher up target but that may take a while to reach. We already had a year of sideways and if we hit target with over a 9x who wants to be greedy and hold open a position for perhaps another year? The black flagpole target helped define a significant area for over a year and a half. I assume that if the $440,000 gets met that will likewise be a significant area for a long time. I, however, won't be in the game as I like my XABCD butterfly target of $375k much better. I, also personally, am not going to be doing a whole lot with btc as a trade, but I will be using it to determine where I think the market may stall and reverse. I have my positions and trades on in my preferred alts.
BITSTAMP:BTCUSDLong
by This_Guhy
6
BTC MONTHLY WAVE STRUCTURE [BASIC]Been seeing patterns on charts all morning and had to just get them out of my head and onto a chart! A simple bullish approach to Bitcoin's long-term price movement using basic Elliott Waves on the monthly timeframe. Pink arrows represent MAJOR Elliott Wave movements Purple boxes indicate key liquidity zones as well as a rough guide for potential entry / exit / buyback areas Green dotted line represents BTC top as of 15:09 06/Oct/21 May 2024 halving would occur just after the completion of this theoretical Elliot Wave cycle. What would happen after I wonder?! Liquidity box zones will need to be adjusted over the years. Not financial advice. I do this for personal enjoyment, and realize other indicators may conflict with this analysis.
Long
by saerinox
Simple Monday plans - 4th OctoberUSDCHF is presenting a change in structural bias with the breaks of trend and now previous structure. Will look for evidence for price to continue bearish today and early this week. GBPAUD is seeing continued Aussie dollar strength from last week, compounding with GBP weakness. Hopefully price can break this level being created in a descending triangle for sell bias to continue given a retest and rejection present after break. Simple and very effective plans, let's hope they play out nicely!
by freshamcap
BEWARE OF STRONG BEARISH SIGNALS - S&P 500 - DAILYThank you for the like and comments, really appreciated! This is an idea not a financial advice. __________________________________________________ The chart highlights every time when volumes and candlesticks signals a strong selling force but the chart went the other way around continuing to grow indefinitely following a safe 45 degrees angle. The red line indicates a potential psychological level passed. It could be used as a probable level for a market return
CME_MINI:ES1!
by Diallo_Charts_Ideas