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618 Fibonacci Retracement

Where will bitcoin go nextIt looks like BITSTAMP:BTCUSD was once again rejected by its descending weekly trendline currently sitting just below the 50% level of the move down since June 2019. The Daily and 4 hour charts topped on or near a sequential 9 and bitcoins` correlation with the stock markets in recent weeks indicate a move down might be likely. I expect if we close the weekly below the orange 55 SMA we will see a drop back down to either the red or green rectangles which are prior support lining up with the 0.382 and 0.618 retrace of the move up. Since the green area also has the 200 SMA moving towards and bitcoin loves the 0.618 fib level and has started the last 3 rallies from the 200 weekly simple I think this is the most likely target for a higher low.
BITSTAMP:BTCUSDShort
by kaaiii
11
BIG levels of resistance for SPY SPY approaching .618 of the drop. this is called the golden ratio because it's of the strongest numbers of the Fibonacci sequence. so I'm expecting resistance @ this level . also orange lines are the completion of an ABCD pattern from our first relief rally this is a bearish sell signal as well. all this while in a falling wedge :thinking: if this poses a threat to Powell pumping at all I can see a retrace to 260-264 range then we buy the dip and spy to 420 $spy
AMEX:SPYShort
by duramax_trading
9
AUDUSD LongFor de AUDUSD we can espect some good long moves. On AUDUSD 4H tf we can see that the price broke a strong downtrend and it's making a reverse move to complete de retest on that trend for possible long move. We can see also that this break and retest beats a good Supp/Resist lvl that helps to identify the possible retest position. We can see also that this break and retest marks the place of 0.618FIB line and another confirmation to help seeing the price going LONG. Best Regards José Pêssego
Long
by PessegoRatzinga
GBPUSD - Divergence + 61.8% Retracement + Resistance Hi Traders! As you can see the market is in an uptrend. The market was moving downwards in the past days, after that it started to retrace. If you use the Fibonacci Retracement Tool, you will see that the market is now at the important 61.8% Level. This is a strong signal for many traders that the market will continue its previous (down-)trend. In addition, the MACD Indicator shows as a clear bearish Divergence. It often means that there is hidden bearish power in an uptrend. Furthermore, you can see a parallel channel in the chart. We will use that for our secound entry: If the market breaks the channel downwards, then there is strong momentum to the down side. Last but not least: The Resistance is a strong factor too. Our SL is above this Resistance area. For a better entry we recommend to trade the (downside-) breakout of the channel! Thanks and good luck :)!
Short
by swissmoneymakers
GBP/USDI will be watching this pair closely this week with major fundamentals happening in both nations on Tuesday 31 March. GBP - GDP released. USD - CB Consumer Confidence (Mar). Current Price action is approaching the 0.618 Fib level on the Daily Time Frame. On the 1 Hour - I will be monitoring a breakout of the bullish parallel channel and accumulation towards a 3rd touch of the bottom channel. Price needs to close outside with a 2nd candle confirmation before entry. Please comment your thoughts and ideas below - Id love to interact with you and pick your brain. *NotFinancialAdvise
by MrDustin2066
2