Fib Circle dump example scenario ATOMUSD
As per the above chart, I have found a possible example that may play out the same
The premise is price dumps along the side of the Fibonacci circle
I think this is because the price is "attracted heavily" to the circle as it dumps, causing this chart phenomena
I don't want to spread fear for ATOMUSD hodlers, simply trying to find another example. It could play out completely different.
If anyone knows more about this, comment !
Arcs, Circles And Spirals
SILVER - iv Head and Shoulders trade !!Hello trader,
profitable deals 💲
1D chart Silver
iv Head and Shoulders trade !
Entry-SL - can you find in the chart!
After a failed eruption of the falling wedge, XAG formed a clean IV HuS.
The right shoulder starts exactly at the 2,618 Fib Time Extension.
After that we could see a nice breakout.
IMO are fighting with the MA200 and 300. A little further down we are supported by the MA25.
But I assume further upward movements!!!
I would like to mention that all I post are just options and my own opinion!
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The Dreaded Fib Circle DumpThis ticker is BULLSHITUSD
It shows two clear dumps along the side of separate fib levels
I'm not too sure why this happens but it seems to be a key feature among price movement within and around the circle
Perhaps the price is attracted to the fib level above it? (e.g 1.618 is above 2.618) causing a dump along the side of it? I make this assumption due to the sticky nature of price along the fib levels
BTCUSD I see BTC going back to its ATH , and if price breaks above I see it heading up to the next fib level which is 75,525 ish- on this monthly fib circle.
Price has reacted and respected all previous Fib Circle levels.
My sell break and buy break areas are listed there.
If it breaks my by break at 63993 it will go to the ATH at around 64,745.0 Here price will either break or reject back down to about 60k
If price doesn't break 63,993 but instead breaks the sell break at 63662, then I predict price will retrace back down to 60k as well
Crude Oil - experiment !Hy trader !
This Crude Oil weekly chart is a combination of 2 Fib Circles ,Time Cycles, Sine Line and Fib retracement !
No trading advice !
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IOTABTC Technical Analysis
⏳ Spot
💎 IOTABTC has formed a triangle in the channel. It is also at the Support zone and I expect that we get a bounce at this zone. We might see a Bullish engulfing at this zone otherwise the price might go lower before it Heads up
🏁 Short Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.00002945
☕️ TP1 0.00003115
🍺 TP2 0.00003250
🍻 TP3 0.00003400
🍾 TP4 0.00003480
🍷 TP5 0.00003690
🍸 TP6 0.00003830
🍹 TP7 0.00004200
🎁 TP8 ___________
🚫 SL 0.00002820
Good Luck 🎲
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BTCUSD Fibonacci Circles and Challenge of Sweeping 53K Local TopHit the reset button, to get closer (applies to your crush too)
The levels in blue that appear to be lines are actually Fibonacci circles (if you zoom out) with a trend line that starts from the 2015 bear market bottom and acts as support in BTCUSD's uptrend towards 20k and also acts as support in 2018 bear market. The price has been hugging this trend line for years before and during take-offs to the upside.
Around the 65k top and around the 53k recent local top, these circles have clearly acted as resistance, not to mention the very clear support at 30k region.
The much smaller black Fibonacci circles have a trend line starting at the recent point of time and price from where the mid-term rally began in late July, and its trend line has been the region of support during the recent 18% crash. If you look close, as of now these black circles are providing support and resistance levels. Interestingly, the trend line crosses 65k in late Oct - early Nov but, that could be a coincidence and time will tell.
Note that Fibonacci circles encompass the same Fibonacci sequence that sets the same ratios between these circles and likewise, have not been adjusted to meet the price.
Based on this, the price could face relevance (in terms of both support and resistance) when it reaches the next blue circle that's currently sitting around 51k but gets much lower with time if you observe the chart and the pattern.
***This makes perfect sense in terms of how we all anticipate sweeping the 53k local top, because from where we are now, breaking 51k in the near future would make the market easily rush towards 53k and potentially break it.
At the same time, that also means that if we take much longer to get towards 53k, we would only be encountering the same resistance circle at lower and lower levels, and that's a fact that syncs with the aforementioned sentiment shift of the market. In this case, given the impression of averaging below 50k for long enough, breaking 50k itself would already be signaling at potential to break 53k.
On a contrarian note, that same potential sentiment shift could turn a bull trap until these resistances are broken not just via price but time, aka confirmation.
If we start losing support from the black Fib circle the price is currently on, there's support from the next region of the same circle around 40-42k and next at 38k.
In a less bearish scenario in the short-term, the price could slowly keep bouncing off of the black Fib circle sloping to the downside, from 47.5k to 44k, acting as support (or resistance if we go lower too quickly).
ADAUSD Long-term Trend and Price Confluence to Fibonacci CirclesThe blue ascending parallel channel starts resonating with the price since all the way back in Mar 2020 could give ADA support as long as it stays within it.
Notice how I've placed the bottom of this channel above the price in Jul-Aug 2021 to denote it was acting as resistance and in doing so, the mid-line of the channel is more in confluence with the price all along than not, acting as support and resistance at different times. The same applies to Feb-Mar 2021 when the top of the channel was support; or depending on how you look at it, the price was attempting to break out of it.
A parallel channels are easy to draw and in minor timeframes they could act as continuation patterns that theoretically take the price in opposite direction to the channel itself.
But in the long-term, the price can return to the channel, partially also because long-term parallel channels cover a large area with price-time probabilities.
The same applies to the Fibonacci circles (in black) that the price could be in confluence to not just levels, but time too while Fib retracement levels would give you only levels, but I do agree they're very useful too. Neither Fib circles nor channels give you exact price targets but, areas and also points of time in which the price can face significant supports and resistances, or break-outs.
ADA is in the region of the bottom of the blue long-term parallel channel that, holding above it would still be bullish in the large timeframes. Currently, that's at 2.2-2.4 USD and if ADA bounce off quickly from this region, the probability to the upside with a mid-term trend reversal increases, until proven otherwise (better with retests of course). Falling out of this channel for a substantial amount of time (weeks or months) could present an opportunity to trade away from it OR trade into the channel in the future, into a new-old trend to ride on with a tight-stop loss, higher reward for lower risk.
Note: Indicators belonging to large timeframes covering large areas have their levels/supports/resistances in 'regions' rather than what a 'line' could project. A line is there for you to get an idea of it unless you're scalping in a 5-minute timeframe to the dot. If your strategy is long-term, you are better off with 'confirmation' of continuations, breakouts, reversals etc. via retests, more-macro time-frame candle-closes, and major Fib-levels, in determining probabilities of price direction.
REEFUSDT Technical Analysis
⏳ Spot
💎 REEFUSDT has formed a symmetrical triangle and the price has got several rejection from the green rectangle . The support line of the triangle has been pushing the price higher. The price should break above the triangle and go higher.
🏁 Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.02300
☕️ TP1 0.04500
🍺 TP2 0.07000
🍻 TP3 _______
🍾 TP4 _______
🍷 TP5 _______
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 0.01050
Good Luck 🎲
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BTC/USD - using Fib circlesUsing Fib circles we can see that 2.618 was a strong ressistence for previous high and for last dump it appears as a support.
If use 140MA it can be seen that it also appears as support for now.
And similiar patter as in September before main bull-run.
Need to hold 140MA.
Btw, using circles localy - all coorection could been foreseen.
BTCUSDT Technical Analysis
⏳ Spot
💎 BTCUSDT has broken above the resistance and it's channel. It has also broken above the flag pattern which formed. We expect that it goes lower for a retest before it goes up.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 48330.00
TP1 51365.00
🍺 TP2 52300.00
🍻 TP3 53390.00
🍾 TP4 54449.00
🍷 TP5 55465.00
🍸 TP6 ________
🍹 TP7 ________
🎁 TP8 ________
🚫 SL 46200.00
Good Luck 🎲
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RUNEUSDT Technical Analysis
⏳ Spot
💎 RUNEUSDT as broken above the resistance. It has also broken above the triangle which it formed. We expect a pullback to the pullback zone before it goes higher.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 10.000
☕️ TP1 11.030
🍺 TP2 11.500
🍻 TP3 12.000
🍾 TP4 12.500
🍷 TP5 13.000
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 9.300
Good Luck 🎲
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ETH/USD longshortswitch - great opportunity !!
Hello trader,
Nice week and profitable deals 💲
Entry-SL - R / R can you find in the chart!
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Check my performance. If I have brought you good profit more often (stocks, forex, crypto)
🤑 I would be very happy about TV coins 🤑
if you always make good profits with me !!
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas,
Trade save !!
ETHUSDT is testing the daily resistance 🦐ETHUSDT is testing the daily resistance after a perfect bounce on the weekly support. where the VIP USERS got the profits.
IF the price will have a breakout and retest the current resistance as new support, the price could rest the 0.5 Fibonacci level where the price will find the weekly resistance.
According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.