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Fibonacci

CYCLE 4 | UPDATE - BTC Possible Next Move into Sell ZoneA quick chart to outline BTCs possible next move up if bulls take control again as we enter in March out of the current consolidation zone. What we would be looking for in this scenario is a retest and hold of the below 20W SMA | 21W EMA, sweeping our prior low of the current range. See daily charts below. Daily Chart(S) Showing 1.618 Over Extension Daily Chart(S) Showing 1.618 Over Extension & Daily Order Block Back on the weekly, this will allow BTC to rest back down to the lower RSI line, hopefully put in some divergent behavior and push BTC up to our long term tracking Sell Zone area and the 1.618 Fix Extension region.
Long
by Brodie
Costco Wave Analysis – 25 February 2025 - Costco reversed from support level 1025.00 - Likely to rise to resistance level 1080.00 Costco recently reversed up from the support level 1025.00 (which stopped wave iv at the start of February) intersecting with the 20-day, moving average and the 38.2% Fibonacci correction of the upward impulse from January. The upward reversal from the support level 1025.00 stopped the previous minor correction 2, which belongs to wave (5) from December. Given the clear daily uptrend, Costco can be expected to rise to the next resistance level 1080.00 (top of the previous impulse wave 1).
NASDAQ:COSTLong
by FxProGlobal
WTI crude oil Wave Analysis – 25 February 2025 - WTI crude oil broke support zone - Likely to fall to support level 67.00 WTI crude oil recently broke the support zone between the round support level 70.00 (which reversed the price multiple times from the start of February), the support trendline from September and the 61.8% Fibonacci correction of the upward impulse from September. The breakout of this support zone accelerated the active short-term correction ii of the intermediate upward impulse sequence (3) from September. WTI crude oil can be expected to fall further to the next support level 67.00 (former monthly low from December).
FX_IDC:USDWTIShort
by FxProGlobal
General Dynamics Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # General Dynamics Stock Quote - Double Formation * ((Wedge Structure)) At 321.00 USD * 1st Retracement 0.786 Area | Entry Bias | Subdivision 1 - Triple Formation * 012345 Wave Feature | Short Set Up | Subdivision 2 * 2nd Retracement Configuration | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) * ABC Flat Wave Feature * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
PEPPERSTONE:GDShort
by TradePolitics
BITCOIN → Testing $88K - $90K. False or true breakdown?BINANCE:BTCUSD enters the risk zone and forms a false breakdown of the key support zone. All eyes are on the bulls, whether they can keep their defense on the market or not.... On D1 - W1 price in global consolidation after strong growth. The focus is on 90-91K, a zone that is a strong support for the global trend. A false breakout is forming at the moment. On the Local timeframe H1 - H4 the price is testing the local channel support, as well as the risk zone 89400. If the bulls can keep the defense above 89400 - 90K, bitcoin may strengthen. The primary target in this case could be 94K Support levels: 91280, 89400 Resistance levels: 94800, 99200 Statistically, the strongest dvjeniyas are formed after a false breakdown. But there is another question here, what kind of breakout will be - true or false. In our case, we need to wait for confirmation, namely, for the price to consolidate above the key zones and levels. Emphasis on 89400, 90000, 91300 Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
17
Important Bitcoin levels. The game of expectations.Today, it is important for Bitcoin to close below 88,000. There is a high probability that today the price will drop to the 0.5 Fibonacci level, thereby partially closing the gap on the daily chart, and the RSI will consolidate below 30 even with a closing price below 88,000. All these factors combined will be sufficient to trigger strong accumulation with a breakdown of the structure, leading to a new all-time high within the next 2-3 weeks. However, the market doesn’t always play out perfectly. There remains a possibility of a prolonged scenario. In this case, from the current price block (88k - 86k), the price may form a local bounce with a full ABC cycle in the coming days and test the key resistance level (106,200). After that, the price will likely return to the 0.5 Fibonacci level and possibly retest this important level. A similar scenario occurred last year during a similar phase of prolonged correction, where the price eventually reached the 0.5 Fibonacci level, though not immediately.
Long
by GarateTradeCrypto
Hims pulls back to golden fibHims had a major overheated run from 40-70 way too rapidly. Despite this being one of my largest holdings I was not a fan of this price action. With that said the shorts are at it again and here we are. If you zoom back to September 2024 and draw a fib retrace to the swing high you will note the most recent wick slammed off this level around 36.4$. We also note a triple red firing on BBWP, and a now bottoming stochastic RSI setup. I think we consolidate between 37-42$ for a bit and let that stochastic really dig deep before some drives of bullish divergence form My plan: I pulled the trigger too early and started buying at 50$, but I am in for the long term. I was able to close my Jan covered calls for 12,000$ realized by rolling back to August with a lower strike, this made sense here.
NYSE:HIMSLong
by Apollo_21mil
Garmin Ltd. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Garmin Ltd. Stock Quote - Double Formation * 012345 Wave Feature | Completed Survey | Subdivision 1 * 1st Retracement & (Intraday Uptrend)) | Entry Bias - Triple Formation * 2nd Retracement 0.618 Area At 193.00 USD | Subdivision 2 * (Neutral Area)) | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) * 012345 Wave Feature | Wave 5 At Swing High * Ongoing Entry Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
PEPPERSTONE:GRMNLong
by TradePolitics
GBP/USD Approaching Key Reversal ZoneThe GBP/USD pair has reached a critical resistance area around 1.2658, aligning with the 1.13 Fibonacci extension level of the harmonic Gartley pattern. The price action suggests potential exhaustion in the bullish trend, with signs of rejection near this level. A confirmed reversal could lead to a corrective move towards key support zones at 1.2456 and 1.2320. However, if the pair sustains above 1.2685, further upside towards 1.2732 and the HOP level at 1.2843 remains possible.
Short
by BeaucoupPips
USD/CHF Poised for a Bullish Reversal at Key SupportThe USD/CHF pair is currently trading near a significant support level around 0.8950, with bullish signals emerging. The harmonic Bat pattern suggests a potential reversal, aligning with historical price reactions at similar levels. Additionally, the presence of green buy markers and RSI indicators approaching oversold conditions indicate possible upward momentum. If price sustains above the 0.8950 region, a bullish move towards 0.9000 and beyond could unfold, with further resistance around 0.9120. Confirmation of reversal signs, such as bullish candlestick formations and RSI divergence, will strengthen the case for a recovery.
Long
by BeaucoupPips
4