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Speedfan

NOTUSDT - Short trade setupNOT surged to an important swing high, where we faced strong resistance. The Fibonacci speed fan perfectly acted as resistance at the swing high, showcasing a textbook low-risk trade setup for an excellent R short trade. Given the resistance at the swing high, it looks like we're entering a range-bound phase, building up a trading range. Expect some sideways movement as the market consolidates and prepares for the next move. Using the Fibonacci retracement tool, we identify the Fib 0.382 level as our primary short trade target. This level is crucial as it often attracts liquidity. If you missed the initial short entry at the highs, there are still great opportunities. Consider shorting at the Point of Control (POC) or at the Fib 0.618 level of the smaller wave. The Fib 0.382 level is also an area where liquidity lies, making it perfect for taking out some long positions built up at the swing high, with a target of the Fib 0.382 level as your take profit (TP) target. What are your thoughts on this analysis? Did you catch the initial short trade or are you eyeing the secondary entries? Share your insights and strategies below!
Short
by SiDec
NOTUSDT - Short Trade Setup Amidst Swing High ResistanceNOT surged to an important swing high, where we faced strong resistance. The Fibonacci speed fan perfectly acted as resistance at the swing high, showcasing a textbook low-risk trade setup for an excellent R short trade. Given the resistance at the swing high, it looks like we're entering a range-bound phase, building up a trading range. Expect some sideways movement as the market consolidates and prepares for the next move. Using the Fibonacci retracement tool, we identify the Fib 0.382 level as our primary short trade target. This level is crucial as it often attracts liquidity. If you missed the initial short entry at the highs, there are still great opportunities. Consider shorting at the Point of Control (POC) or at the Fib 0.618 level of the smaller wave. The Fib 0.382 level is also an area where liquidity lies, making it perfect for taking out some long positions built up at the swing high, with a target of the Fib 0.382 level as your take profit (TP) target. What are your thoughts on this analysis? Did you catch the initial short trade or are you eyeing the secondary entries? Share your insights and strategies below!
Short
by SiDec
Final Fantasy 6.382 Executing a coup, the tyrannical jester Kefka stole the throne of the global deepstate empire that holds humans in poverty and despair. After traversing to the peak of the floating continent, Kefka unleashed his diabolical FOMO... misaligning the delicate positions of the sacred statues of currency. The balance of power has crumbled to dust, and the world is in ruins. With Magitech AI bots behind his back, and deceived Fanatics by his side, Kefka launched his quest of stacking Bitcoin Shards for the purpose of manipulating markets in order to crash the economies and eliminate the people that stand between him and the ATH of power and control. Luckily, a group of warriors have managed to hodl through the FUD. Armed with charts, and the few remaining Bitcoin Shards, they have united, and are prepared to face the fibs of Kefka in the final battle to save the once prosperous planet from a hellscape of complete collapse and absolute corruption. Will the band of warriors be able to defeat Kefka and stabilize their economies? We are about to find out. //Durbtrade
INDEX:BTCUSD
by Durbtrade
1
BTCUSDT - Pennant and Possible Flag4hr chart. UTC+1 Using Fractiles to get lows and highs. Fib fan drawn from low Wed 18 Jan 17:00 to high Thurs 16 Jan 17:00. Levels seem to have confluence with price action. Support lines building up to initial Pennant. - Draw a trend line from low Sat 11 Feb 17:00 to low 17 Feb 01:00 and change setting to Extend the right line. - Draw a trend line from high Thurs 16 Feb 17:00 to high Fri 17 Feb 21:00 and change setting to Extend the right line. The intersecting point create a Pennant formation which can be seen highlighted. 24,400 seems like a hidden daily which interests me as it has not been tested much. It seems the initial breakout was a fakeout. I Interesting to see if the price can breakout again. Yellow line above for reference is vWap. In case you are wondering about the yellow line. Note: * When in an uptrend, above 0.382 Fib is bullish.
by hmaroudas