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52,838 and 06 cents: BTC most likely Retrace Target almost hereUpdate to my ongoing analysis of this bull run. Correction proceeding exactly per plans. We are nearing some key levels to watch. The bottom should be pretty close to here. $ 56,265 - 56,799 is the minimum expected. $ 52,838 - 53,659 is best Guess and Ideal target. $ 48,090 - 48,750 is the Overshoot (backboard). . Previous plots and logic that lead us here (click the links): - 73k Top Call no one expected - Retrace Roadmap of Support zones - 52.8k imagined but not believed - Impulse Redux confirms the targets
COINBASE:BTCUSD
by EuroMotif
4
BTC headed to 59.3k for "Bullish Retrace"? or 57.7k not so bullPart of my ongoing analysis, see links below. We may have bottomed at 57k with a strong bounce. But we are now retracing and hopefully almost done. EW theory shows a 5-wave bounce with 3 wave retrace. . Previous plots that lead us here (click the links): - 73k Top Call no one expected - Retrace Roadmap of Support zones - 52.8k imagined but not believed - Impulse Redux confirms the targets - Fine tuned plot calls 56,8k bottom
COINBASE:BTCUSD
by EuroMotif
2
SMH heads up at $209.43: Golden Genesis fib may Break-n-RetestSMH just hit a Golden Genesis fib at $209.43. That fib is reinforced by a Covid Stimulus fib. This is a major landmark in this ETF's history. $ 209.43 - 212.89 is the immediate resistance. $ 236.36 - 238.96 is the next major resistance. $ 191.21 - 191.90 below is the first good support. It is PROBABLE that we orbit this zone for a while. It is POSSIBLE that we break and retest for late buy. It is PLAUSIBLE that we get a pullback here and now. Here is a full view of the Genesis Sequence: ==========================================================================================
NASDAQ:SMH
by EuroMotif
MKR.usd holding strong but must break $3100 for bulls to rejoiceMKR has been holing the high ground despite market retrace. Current testing a key resistance that will determine the trend. Rejection could send us much lower, break could mark bottom in. $ 3097.80 - 3134.35 is the immediate resistance to break. $ 2813.57 - 2843.65 is immediate support and a must hold. $ 3388.32 - 3413.60 is bears' last stand to deny "bottom in". =========================================================== .
COINBASE:MKRUSD
by EuroMotif
Bitcoin Fibo and Time- A bit messy graph. - Some peoples will get it and some not. - in matter of time and fibo analysis. - More will BTC take time to go up. - More BTC price will go higher. - in simple words, if u compare the 2015 bullrun and 2018 : - 2015 was 1055 days ( around..) - 2018 was 820 Days ( excluding the bouble top) - Nothing much to deduct from that, but 2 scenarios are still possible : - 100 000$ is not enough (161.8 FIbo), i still persist on that one, so not a scenario imo. - 150k$ (261.8 Fibo) possible if BTC goes fast. ( same as 2018). - 200k$ (361.8 fibo ) or 250k$ (423.6 Fibo ) are both possible if BTC goes slow. (same as 2015 ) - i still believe that " more Bitcoin will take time to go up, more the price will go higher " - Don't forget this is only TA, not FA, not Economic or World Situation. - Feel free to share with me your view. Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
From Leonardo to Trading: The Evolution of Fibonacci LevelsIn the labyrinthine landscape of financial markets, where volatility reigns supreme and uncertainty lurks around every corner, traders seek reliable navigational tools to steer through the tumultuous waters of price movements. Among the myriad techniques at their disposal, Fibonacci analysis emerges as a stalwart companion, offering a nuanced understanding of market dynamics rooted in mathematical precision. In this comprehensive exploration, we delve deep into the multifaceted realm of Fibonacci levels, unraveling their historical significance, evolutionary trajectory, practical applications, and the diverse perspectives that shape their interpretation. Tracing the Roots: To appreciate the profound impact of Fibonacci analysis on modern trading methodologies, a journey back in time to the 13th century is warranted. It was during this epoch that Leonardo of Pisa, known colloquially as Fibonacci, unveiled a numerical sequence that would transcend mathematical realms and find profound resonance in the domain of financial markets. Beginning with 0 and 1, each subsequent number in the sequence is the sum of the two preceding ones, laying the groundwork for a sophisticated understanding of market movements rooted in the natural order of mathematics. Evolution in Financial Analysis: While Fibonacci himself might not have envisaged the application of his sequence in financial markets, the 20th century witnessed a paradigm shift as visionaries such as Ralph Elliott and Robert Prechter pioneered its integration into trading methodologies. Elliott's Wave Theory, with its emphasis on repeating patterns and sequences, forged an intriguing connection with Fibonacci numbers, laying the groundwork for a symbiotic relationship between mathematical principles and market analysis. This union catalyzed a renaissance in technical analysis, ushering in an era where Fibonacci levels became indispensable tools in the arsenal of traders worldwide. Unveiling Fibonacci Retracement Levels: At the heart of Fibonacci analysis lies the concept of retracement levels, a cornerstone of technical analysis that echoes the natural order observed in the Fibonacci sequence. These levels, including 23.6%, 38.2%, 50%, and 61.8%, serve as pivotal markers in identifying potential zones of price reversal, offering traders valuable insights into market sentiment and trend dynamics. By applying the Fibonacci retracement tool to significant highs and lows, traders gain a nuanced understanding of market psychology, discerning the underlying rhythm of price movements amidst the chaos of market fluctuations. Venturing into Fibonacci Extension Levels: Beyond retracement levels, Fibonacci extension levels offer a panoramic vista into the future trajectory of price movements, illuminating the path for traders seeking to navigate the complexities of trending markets. With extensions such as 161.8%, 261.8%, and 423.6%, traders can delineate potential targets for price continuation after a correction, harnessing the mathematical harmony inherent in the Golden Ratio to set profit targets and manage risk effectively. These extension levels, rooted in the timeless principles of Fibonacci analysis, serve as guiding beacons for traders navigating the ever-shifting tides of financial markets. Practical Applications and Precautions: While Fibonacci levels furnish traders with a potent framework for analysis, it is essential to exercise caution and supplement Fibonacci analysis with corroborating indicators and risk management strategies. By integrating tools such as Moving Averages, Relative Strength Index, and candlestick patterns, traders can enhance the robustness of their trading decisions, mitigating the inherent uncertainties of financial markets and maximizing the efficacy of Fibonacci analysis. A Tapestry of Perspectives: As we reflect on the journey of Fibonacci levels through the annals of financial history, we encounter a tapestry of perspectives that weave together to form a rich tapestry of knowledge and insight. From Larry Pesavento's exploration of harmonic price patterns to Philip Carret's pioneering work in long-term investing, the legacy of Fibonacci continues to inspire and guide traders in their quest for market mastery. These diverse perspectives underscore the enduring relevance of Fibonacci analysis in an ever-changing landscape, reaffirming its status as a timeless ally in the pursuit of profit and prosperity. Conclusion: In conclusion, the comprehensive exploration of Fibonacci analysis reveals its enduring significance as a cornerstone of technical analysis in financial markets. From its humble origins in the mathematical treatises of Leonardo of Pisa to its integration into modern trading methodologies, Fibonacci analysis embodies the timeless principles of mathematical harmony and market psychology. As traders navigate the labyrinthine paths of price movements, they find solace in the elegant simplicity of Fibonacci analysis, a steadfast companion in their quest for success amidst the ever-shifting currents of financial markets. Thank you for reading! I hope this article proves to be interesting for all of you!
Education
by FOREXN1
4
META eyes on $489.06: Golden fib, Double Top? or Pop to 564 ?META is pounding on a Golden Genesis fib at 489.06. Notice the bottom EXACTLY on a Golden fib at 87.47. Also see the peak at 198.47 and orbit around 309.57. It is PROBABLE that we orbit this fib a few times. It is POSSIBLE we have topped, at least temporarily. It is PLAUSIBLE that it breaks and pops to the next fib. Here is a full view and explantion of the Genesis Sequence: ==================================================================================================
NASDAQ:META
by EuroMotif
2