TheFibonacciKing

TheFibonacciKing

DXY getting ready to take out 2000 - 20001 highs I expect this to act like a magnet for price drawing DXY into 117 then rejecting clean

TheFibonacciKing

Unless we see TOTAL below 931.33B and HOLDING I cannot be bearish We may be seeing a classic case of previous resistance becoming support... We will see how it plays out Sentiment at least from what I am seeing is very bearish. So we could have people either waiting to go long lower (who may chase if we rebound) or we have possibly shorts chasing at the lows for...

TheFibonacciKing

3960 lows need to hold as a double bottom otherwise We are very likely to run 3920s

TheFibonacciKing

What if the market held the lows from 7/26 and our lows right now is a double bottom? I have a small long on at the lows in SOLUSD at 31.13 stop out moved to 31.22 If these lows do not hold it's going to be likely we can test the low lows and have a big nasty drop.

TheFibonacciKing

If the key level 21,322.54 continues to hold up then we can see 25 to 26k tested again If the markets open up week selling off then this will likely not hold up BTC daily candle lows from 7/26 tested yesterday forming a double bottom. 7/26 lows of 20,700 and 8/20 lows of 20,769 Also important to note the strong double bottom on the 1 hr chart. Super clean and...

TheFibonacciKing

The SP500 runs into some resistance around 4260 to 4300. Technically above 4200 is my supply zone but from how we are setting up / how far down some of these quality names got dumped PYPL still has room to run into 112 to 116 this month This trade is invalid if PYPL cannot hold 93.61 I would not be interested in that move

TheFibonacciKing

A few things could happen this week. 1. 4165 - Which has provided resistance can be flipped and we run the May 4205 highs. Expecting 4200 - 4213 to provide solid resistance BUT OVERALL I believe we are on the path to run the 4358 level within a few weeks to a month (or so) 2. We do not make it over 4165 it rejects AGAIN. Then I would be watching to play shorts...

TheFibonacciKing

Grabbed the 19 AUG 22 CALLS (185 strike) today at the 164 lows that BA made. Looking to swing these until BA can hopefully make that move happen right into 180-185

TheFibonacciKing

This is from a pretty long-term time frame perspective Originally was going to sell the ETH I bought at 1,000 at 1,900 Now I am more leaning towards that big sell off being right around 2400 If this sets up right I would feel very comfortable shorting ETH coming into that 2400 level first time as well. Already outlined my plans for BTC in an earlier post

TheFibonacciKing

Looking at 3 levels to play calls / puts 1. 416.54 - (Might be closer to 418) Expecting this level if hit first time during market hours to have a good rejection in it targeting 412 (Day Trade / Possible Swing) 2. 421.38 - It is likely this is the full top of this move higher from 7/14/2022 and I want to be targeting 402 (Swing Trade) 3. 402.03 - This is the...

TheFibonacciKing

Been buying SOL under 31.58 now I am looking to let some go this weekend ABOVE 48 If it can set up pretty quickly I want to get back in LONG and hold it to the key 62.12 lvl It depends how it looks coming into it. I will likely sell before the 62.12 level to ensure trade is off in profit no problems

TheFibonacciKing

Expecting Bitcoin to start getting top heavy starting at 26700 If price makes the move to 28,000 and has no structure behind it to support dip buyers I will be very interested in taking Bitcoin SHORT at/above that key 28k level - Targeting 25k I do expect that we will have a brief pause around 25.8k but I am not interested in that as long as prices stay above...

TheFibonacciKing

I am watching how price interacts with the 406.86 midpoint level (Expecting a sell off) This is confluent w/ 21 Exponential Moving Avg on the monthly candle time frame. Big deal on a first hit. Expecting resistance here If this sets up how I wanna see it. I will be open to playing PUTS down to the 402 level hopefully. Would love to get a full 4 point rip out of...

TheFibonacciKing

Two Ways I want to play this move if it happens 1) I expect until Wednesday 7/27 that we are going to remain balanced between roughly 27 to 32 IF we get that clean break to the upside hard and fast (giggity) then I want to be looking to play that 35 to 36 rejection short. I am likely to swing this move, maybe day trade! but I will have to see what its looking...

TheFibonacciKing

2 Alerts I am looking at this week to play Alert 1 : Greater than 163.19 Watching price at this level for a rejection if it can set up that way I will be looking to grab puts Alert 2 : Less than 153.73 I expect this level to provide support and will be watching to see if it can quickly reject price to get in calls

TheFibonacciKing

Watching this week to see if price can get ABOVE 116.61 If it does with clear strong buying I am going to be open to playing CALLS into 120.57 and it is very possible we get the breakout to ~125 If price is showing weakness and cannot get above those levels I will also be open to playing CALLS below 111 and possibly 105 but I think a reversal to the upside is...

TheFibonacciKing

I am anticipating the price breaking out / getting above July Monthly high of 390.64 this week Two Alerts I am watching for this week that I will be open to playing CALLS/PUTS Alert 1 : Greater than 397.19 Playing PUTS if we get the breakout to the upside and price is clearing 392 with ease there should be some resistance at this 397 level if it hits it...

TheFibonacciKing

I have 2 alerts I am waiting to see they go off / if the options contracts are playable this week for the moves Alert 1 : Less than 8.72 I am looking to play the 7/22 exp $10 strike CALLS for a move above 10 where I am selling those on the day if thats how it plays out Alert 2 : Greater than 10.99 I am watching this key level to see how price reacts....