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Fibonacci

BTCUSDT LEVELS FORGET EVERYTHING ELSE AND EVERYONE ELSE - TrenTrend Based Fib Firstly Zoom out and see the Trend Based Fib from previous consolidation levels. Ok early descending channel. Look. Fibs with Trend Based Fib are to get the lows, highest high to low, to lowest high. EXPERIMENT! Get to know the levels from fibs, work it from there. Never give up! You'll get it. Trade the moment to start. I.e. day trading. Believe in yourself. Anyway, I like the fact here that were back in the channel, descending channel. With the Fibs as confluence = bonus. AS AN EXAMPLE ZOOM OUT ON MY CHART! <3 One thing I love about trading is that you're in control of your destiny. Dont lose. Snakes and ladders :)
by hmaroudas
Reckitt Benckiser 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 # Reckitt Benckiser Stock Quote - Double Formation * (Area Of Value)) | Completed Survey * Valid Pattern Confirmation | Entry Feature & Long Support | Subdivision 1 - Triple Formation * (Forecast | Template | Short Entry) | Short Term Bias | Subdivision 2 * (Zero Trade)) Area | 2nd Retracement | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) * (Uptrend Argument)) & Pattern Confirmation * 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 | Buy
PEPPERSTONE:RKT.GBLong
by TradePolitics
Bitcoin - What's next for BTC?The BTC chart illustrates a recent bearish trend culminating in the current price approaching a significant area denoted as the "imbalance zone" (highlighted in blue). This zone is critical in determining the short-term trajectory of BTC. Within this zone lies the golden pocket, which is the area between the 0.618 and 0.65 Fibonacci retracement levels. This confluence of the imbalance zone and the golden pocket creates a strong decision point for the price. Detailed Scenario Breakdown: Scenario 1: Bullish Breakout - Clearing the Imbalance Breakout Confirmation: For a bullish breakout to be confirmed, the price would need to decisively break and close above the upper boundary of the imbalance zone, ideally with strong volume. A sustained move above this zone would suggest that the selling pressure has been absorbed and that buyers are stepping in. Potential Catalysts: This breakout could be triggered by positive news flow (e.g., favorable regulatory developments, increased institutional adoption), a shift in market sentiment, or simply the exhaustion of sellers. Upside Targets: The green arrow illustrates a potential upward trajectory post-breakout. The Fibonacci levels above (0.786, 1) could act as potential resistance levels and targets for bullish traders. The 1.382 Fibonacci level is marked above, which could be a potential extended target if the bullish momentum is particularly strong. Invalidation: The bullish scenario would be invalidated if the price fails to sustain the breakout above the imbalance zone and falls back into the zone. Scenario 2: Bearish Rejection - The Golden Pocket Hold Resistance Confirmation: The analyst anticipates a higher probability of BTC facing strong resistance within the imbalance zone, particularly due to the presence of the golden pocket (0.618-0.65 Fibonacci levels). This area often acts as a significant psychological barrier for price. Rationale: The golden pocket represents an area where many traders look to enter short positions or take profits on long positions. This creates a supply zone that can halt upward momentum. Potential Catalysts: Negative news, profit taking after a short-term bounce, or simply the prevailing bearish sentiment could trigger a rejection at this level. Downside Targets: The green arrow on the chart shows a potential path lower if the price rejects the golden pocket. The next key support levels to watch would be previous lows and the 0.5 and 0.382 Fibonacci levels below. The "0" level (the starting point of the Fibonacci retracement) would be a significant downside target. A break below that could target the -0.236 Fibonacci level. Invalidation: This bearish scenario would be less likely if the price quickly moved through the imbalance zone without significant consolidation or rejection. Additional Considerations: Volume Analysis: Closely monitoring volume is crucial. A breakout with increasing volume lends more credence to the bullish scenario. Conversely, high volume on a rejection would reinforce the bearish outlook. Market Sentiment: Overall market sentiment and the performance of other cryptocurrencies can influence BTC's price action. Confirmation is Key: It's vital to wait for confirmation of either scenario before making trading decisions. A breakout or rejection should be confirmed by price action and volume. In conclusion, the analysis highlights a critical decision zone for BTC. Whether it breaks above the imbalance zone and golden pocket or gets rejected will likely dictate its short-term direction. Monitoring price action, volume, and market sentiment is crucial for making informed trading decisions. __________________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀 Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈
KRAKEN:BTCUSDShort
by TehThomas
9
WHERE BitCoin HEADEDmy first ever post was not a serious technical analyses but it played out not so bad. now bitcoin had lost mid-term uptrend by breaking bellow 91K it will regain mid-term uptrend by breaking above 100K at the moment possible support levels: 73-75K and 67-69K *MY-OPINION*: we will have a dip in the next 2 Weekly candles forcing price to touch 67-69K, and then a close above 75K in monthly(March) candle would be nice to confirm the end of a correction phase for BTC.
BITSTAMP:BTCUSD
by morteza98
1
Nifty Future Analysis 1. Price Action & Trend Analysis The NIFTY Futures has been in a strong downtrend since October 2024, with lower highs and lower lows. A black downward trendline is clearly acting as a dynamic resistance, rejecting price multiple times. 2. Gann Fan Analysis: The Gann fan lines are visible, providing different angles of support and resistance. The key Gann angles to watch: 1/1 Line (Steep Downtrend Line): The price is trending below this, indicating a strong bearish trend. 2/1 and 3/1 Lines: These are acting as resistance levels, confirming the selling pressure. If price moves above the 1/1 Gann line, a potential reversal could be seen, but as of now, it remains below the bearish zone. 3. Volume & Market Sentiment Latest Volume: 9.18M, which is relatively lower compared to 1 week ago (30.2M) but higher than the previous day (7.25M). This suggests decreasing participation in the downtrend, which could indicate potential consolidation before the next move. 4. Key Support & Resistance Levels Support Zones: 22,200-22,400: Current support based on Fibonacci & previous price action. 21,600-21,800: Next strong demand zone if selling continues. 20,800-21,000: Long-term support (historical demand zone). Resistance Zones: 23,407-23,500: First resistance (Fib 0.382 & Gann fan level). 23,800-24,000: Major resistance (Fib 0.618, Gann fan rejection area). 24,500-24,760: Strongest resistance (Fib 0.75 + supply zone). 5. Conclusion & Trading Strategy Bearish Bias: The market remains in a strong downtrend. Possible Short Setup: If price breaks below 22,200, the next target would be 21,600. Bullish Reversal Above 23,500: A move above this level could shift momentum toward 23,800-24,000.
NSE:NIFTY1!
by WealthKraft
End of hibernation for the bears?AMEX:SPY is at a pivotal point and could potentially be at the top of the bullish cycle that began in October 2022. If this prediction proves accurate, I think we could see a maximum low of $510 for this year. There are a couple of caveats, including one that will be a clear indicator of whether or not this wave count is accurate, which I will explain later. On the 1000R chart ($10), this uptrend was confirmed by Supertrend and volume activity. Volume drastically increased at the start of Wave (3) in March 2023 and did not taper off until the start of Wave (4) in July 2024. This was the strongest impulse in the trend, which is common for Wave 3. You can also see the ADX line of the DMI indicator (white line) was at its highest level during that period. Assuming Wave (5) is already complete, we can observe that the volume in Wave (3) was considerably less than Wave (5). Other observations supporting this wave count: - Wave (4) retracing into the territory of Wave 4 of (3) - Alternation in corrective patterns between Wave (2) and Wave (4); flat in (2) and straight down in (4) - Wave (5) extending to nearly 1.618 of (1) While the points I’ve made so far suggest that the market may be on the verge of a crash, the image gets more complicated when you take a closer look on the 250R chart ($2.50). I’ll start with what I’m counting as Wave 4 of (5). The price ended at ATH in Wave 3 and then corrected in an unmistakable five wave descending wedge pattern. This can only be a fourth wave of a larger impulse, so we can conclude with a fair amount of confidence that the wave that follows will be the last. Here is where things get interesting. The price moved from $575 on January 13th to a slightly higher ATH of $609.24 on January 24th before being rejected again. This uptrend unfolded in a typical bullish pattern and left a notable gap at $584, which is the only gap still left unfilled. The trend change is confirmed on the moving averages. Notice the serious drop in volume that followed as well. Despite the shift in volume, there are two issues I have with this wave count that are preventing me from calling this a confirmed correction: 1. Wave 5 of (5) was awfully short and only extended roughly $2 above the end of Wave 3 of (5). This does not break any rules, but it is unusual. 2. What I have labelled as Wave B of Wave (1) or (A) of the correction made a new ATH on Friday February 14th, which should invalidate this wave count since the end of Wave 5 of (5) should be the peak. The second point is why some may think that we are about to resume the larger bull trend, however there is a possibility that they are mistaken based off the PA on the actual index SP:SPX and futures CME_MINI:ES1! . On the SP:SPX chart, we can see that the index did not break the ATH at $6128.18 set on January 25th, and instead rejected at $6,127.24. CME_MINI:ES1! also failed to notch a new ATH on Friday and I have observed the price action create a nearly perfect bearish butterfly pattern. Also notice how the volume is significantly lower than in the uptrend that began on January 31st. So the question remains: are we at a tipping point or will the bulls regain control? Right now it’s unclear, but I will keep my bearish sentiment until SP:SPX makes a new ATH, which will invalidate this theory. Since only the ETF that tracks it only made a slightly higher high on low volume, I’m skeptical of the PA on AMEX:SPY at the moment. This is why I entered puts on Friday. If the trade plays out, I expect the price to quickly move to fill the gap at $584, which is still conveniently located at what I cam considering the 1.236 extension of Wave A, which is a common target extension in flat corrections. I will keep my puts open until this idea is invalidated, as the Wave C drop will likely be caused by a news event that could come at any time. Let me know if you guys are seeing the same thing or something different. Good luck to all!
AMEX:SPYShort
by ap769
3
XRP/USDT 8H chartHello everyone, let's look at the 8H XRP chart to USDT, in this situation we can see how the price moves in a local inheritance trend much lower than the trend line itself. However, let's start by defining goals for the near future the price must face: T1 = $ 2.29 T2 = $ 2.39 Т3 = 2.50 $. T4 = $ 2.65 Let's go to Stop-Loss now in case of further declines on the market: SL1 = $ 2.14 SL2 = $ 2 SL3 = 1.77 Looking at the RSI indicator, we see As we bounced again from the lower limit of the range, similarly to the MacD indicator with we go down and lower which in the coming time can end the correction.
by cryptodailyuk
USDCAD ANALYSIS FOR UPCOMING WEEKI will be looking for SELL positions this upcoming week. Market is approaching the Golden Zone also known as the area from the 50-61.8% Fibonacci Retracement Level. It does have potential to drop now but I'd prefer to wait a little longer for a higher probability, however you may trade as you intend. The "Sniper" entry would be the best entry with best R:R. The stop loss and Take profit levels intend to stay the same, I recommend a trailing stop and multiple entry's when necessary. Enjoy your WEEK traders, hope this was helpful.
Short
by Profitsdaily
USDCHF Wave Analysis – 28 February 2025 - USDCHF reversed from support zone - Likely to rise to resistance level 0.9050 USDCHF currency pair recently reversed from the support zone between the support level 0.8920 (which has been reversing the price from November), support trendline of the daily down channel from January and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star which started the active impulse wave (3). Given the clear daily uptrend, USDCHF can be expected to rise to the next resistance level 0.9050 (top of the previous minor correction iv).
Long
by FxProGlobal
Gold Wave Analysis – 28 February 2025 - Gold broke the support zone - Likely to fall support level 2800.00 Gold recently broke the support zone between the key support level 2875.00 (which has been reversing the price from the start of February), the support trendline of the daily up channel from January and the 38.2% Fibonacci correction of the upward impulse from January. The breakout of this support zone strengthened the bearish pressure on gold accelerating the active downward correction. Gold can be expected to fall to the next support level 2800.00 (a former multi-month high from last October and the 61.8% Fibonacci correction of the upward impulse from January).
FX_IDC:XAUUSDShort
by FxProGlobal
Bitcoin Daily Chart Over the past seven days, Bitcoin experienced a significant decline, dropping 2,440 pips before finding support around the 78,261 level. This area acted as a key zone of interest due to multiple technical confluences aligning, ultimately halting further downside movement. As a result, we are now witnessing a reaction at this level. Looking ahead, I anticipate two potential scenarios. Bitcoin could revisit this support level, forming a double-bottom structure before initiating an upward push toward 91,500. Alternatively, it may first rally toward 91,500 before facing a rejection, leading to a corrective move down to approximately 71,500. If this pullback materializes and establishes a strong base, I expect Bitcoin to gain bullish momentum, eventually setting a new all-time high in the coming months. Daily Chart Total Crypto Cap There were multiple confluences to see an reaction at 2.6T.
BITSTAMP:BTCUSD
by ChartStrategist
1
Pi Network price analysisWhy #IP and #KAITO are interesting, we wrote about yesterday and the day before yesterday, please read it again. And today we will talk about #PI , which closes this trio Since there is no information yet on how many PI Network coins are in circulation and, accordingly, it is impossible to calculate the market cap, it is difficult to predict how the price will behave when this information becomes available. However, looking at the #PIUSDT chart, there are two buy zones where you can buy #PI coins if you like this project: Buy zone1️⃣ - $1.63 - $1.77 Buy zone2️⃣ - $1.13 - $1.21 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
OKX:PIUSDT
by P_S_trade
If the rebound does not exceed 2660, continue to short goldBrothers, I have been emphasizing yesterday and the day before yesterday that gold will definitely retreat to the 2840-2830 area. At present, the lowest price of gold has reached around 2832, hitting my expected target area as expected. And I emphasized in the previous article that gold has a certain support near 2830. We can play long gold near 2830. We only held the position for half an hour, and we made 100 pips in the short-term gold long transaction. I feel very satisfied with this. Of course, you can also refer to my previous update, which is well documented! Gold is currently rebounding after hitting 2830, but as long as gold rebounds not beyond the 2860-2870 area, gold will continue to fall next week. In fact, according to the starting point of the previous round of rise, it rose from 2586 to 2956 and then began to retreat. Its 50% retracement level is near 2775. The 61.8% retracement level is near 2815. If gold continues to fall next week, it is very likely to test the 2815 area, or even lower to the 2800 mark. So next we will focus on the strength of gold's rebound. If the gold rebound does not exceed 2860-2870, we will still focus on shorting gold in the next transaction.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
[ TimeLine ] Gold 27-28 February 2025Hello everyone, I will be using the high and low price levels formed on the following dates as entry points for my trades: February 27, 2025 and/or February 27 + 28, 2025 We will wait for the price range from these candles to form as indicated with blue box. The trade entry will be triggered if the price breaks out of this range, with an additional buffer of 60 pips. If the price moves against the initial position and hits the stop loss (SL), we will cut or switch the trade accordingly.
OANDA:XAUUSD
by lybeedo
Miota ($IOTA)Weekly TF Elliott Wave Crypto Analysis FIB TCAnalysis of the IOTA/USDT Weekly Chart Using Elliott Wave Principle Overview & Key Elements The chart represents the IOTA/USD pair on a weekly timeframe with Elliott Wave structures, Fibonacci retracements, and channel trends. Key observations: • completed five-swing downtrend. • corrective wave (ABC) retracement following the previous bear market. • potential macro bottom around $0.06-$0.07, indicating capitulation. • price has bounced off key Fibonacci levels (0.618, 0.786). • Fibonacci extension targets project potential upside targets at $2.74, $6.61, and $7.50. • Bearish parallel channel: The price recently broke out of the descending structure. • Resistance zones: Around $0.60, $0.85, and $2.75 before reaching the higher targets. • RSI Indicator: previously in oversold territory, now signaling a potential macro reversal. • The momentum is turning bullish, aligning with the forecasted Wave 3 impulse move. What Does This Mean for Price Action? Bullish Reversal Confirmed: The price action suggests a completed bear market correction and the beginning of a new impulsive bullish wave (likely Wave 3). A break above $0.57 and $1.00 would strongly confirm this bullish scenario. Potential Targets for 2025-2026: • $1.00 - $1.50 → Initial major resistance zone. • $2.74 - $3.40 → Key Fibonacci extension level, historically significant. • $6.61 - $7.50 → Maximum projected target based on the 1.236 Fibonacci extension. Risk Factors: If IOTA fails to hold above $0.12 - $0.15, further downside towards $0.06 could occur before resuming upward. A break below $0.06 would invalidate this bullish setup. Conclusion: Highly bullish setup for IOTA with a strong Elliott Wave structure. Long-term accumulation levels: $0.12 - $0.20. Target zones for the next bull run: $2.30 - $7.50. A parabolic breakout is likely in 2025
BINANCE:IOTAUSDLong
by Anakyn