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Fibonacci

ETH - Road to $220k each or 0.5 BTC (Part 1/2)I would understand completely if when you read this, that you think this title is click-bait. It is not. Current Price Action BITSTAMP:ETHUSD is showing signs that it is about to begin its 2nd parabolic phase. To levels even the biggest Eth bull would "scoff" at. A move similar in kind to which it had done during December 2016 to December 2017. Marked by pink arrows. Currently we're in what looks like an ascending wedge pattern (grey lines). This give us a path to a more reasonable target of $19k. From $3,300 today. $19k is achievable of course by taking the height of the ascending triangle pattern (white) and applying that on top of current price action. What however this fails to factor-in is that it does not coincide with any fibonacci level. The next nearest being the 1.272 or 1.414 extension. Nor does it reflect Ethereum's prior price history of a double-pronged bull market. Initial Bull Market... Oct 2015 - Jun 2016 (50x) Dec 2016 - Dec 2017 (210x) Current Bull Market... Mar 2020 - Nov 2021 (60x) Oct 2024 - March 2026 (~210x estimated) Other Reasons Should BITSTAMP:ETHUSD exceed the ascending wedge, price may well be attracted to the 1.618 fibonacci level like a magnet. This coincides with the height of the 1st phase of the bull market from March 2020 to November 2021 (pink arrow). Volume on Eth has been low for quite some time, with it having lost market share to other tokens & projects. However we're already seeing volume pick-up, as denoted by the green arrow. We will also soon break-out into the RSI bull zone on the weekly (in the bottom indicator section - available soon). This is something Bitcoin did back in April 2023 already. It therefore has a lot of catching-up to do. How high in BTC terms? If you want to go deeper into why (from a trading perspective) Eth will become valued at not just extreme levels in dollar terms ($220k), but also in Bitcoin terms (0.5 BTC) make sure to click FOLLOW. A Part 2 is incoming tomorrow with a more detailed analysis, exploring not just the possibility but more so the probability of a 0.5 BTC valuation for $ETHUSD.
BITSTAMP:ETHUSDLong
by DigiDavid
Everyone selling GOLD to buy Bitcoin???Hey guys! New trading week is here, and we're entering market with Bitcoin ATH. Today I want to talk a bit about gold. And here are some interesting moments. First time since April we finally can see MA cross on a daily chart, and price of Gold is reacting with a big red candle. Also, as a confirmation, we can see that the volumes are descending and RSI is heading to low edge. Seems like after BTC ATH some money are flowing from Gold to Bitcoin. The target by Fibo can be zones 0.5 and 0.618. What you think, guys, is really people starting to reinvest money from real gold to digital gold? Let's discuss PS. If you're planning to trade the movement, follow the risk ratio, which I marked.
CAPITALCOM:GOLDShort
by SheTradesHub
AU Small Finance Bank - Technical Analysis Update and Key LevelsChart Overview: The price action for AU Small Finance Bank shows it has been moving within a rising channel for the past few years, currently testing key support levels. The bank recently saw a price downgrade from Nomura, which adjusted the target price to ₹670, retaining a neutral rating. This adjustment reflects some cautious sentiment among analysts. Key Levels and Fibonacci Retracement: Channel Support - The stock is currently near the lower boundary of the long-term rising channel, a crucial area where it previously found support. Fibonacci Levels - The stock has pulled back to the 61.8% Fibonacci retracement level around ₹565.65 from its recent highs, which often acts as a strong support level in technical setups. A further breakdown could push it towards the 50% retracement at ₹492.40, a potential next support. Resistance - On the upside, resistance lies around the upper channel boundary and recent highs near ₹670-₹700, which aligns with Nomura’s target. MACD Indicator: The MACD currently shows a weakening momentum on the weekly chart, hinting at possible bearish pressure. A recovery in MACD or a bullish crossover could indicate a return to upward momentum. RSI Analysis: The RSI is approaching the oversold region. A bounce from this area might signal potential for reversal if accompanied by strong buying volume. Conclusion: AU Small Finance Bank is at a critical support level within a broader uptrend channel. Holding above ₹565-₹570 could lead to a rebound towards the upper end of the channel, with ₹670-₹700 as potential targets. However, if the price fails to hold, watch for the ₹492 level for possible support. The current technical setup suggests caution, especially with Nomura's neutral outlook.
NSE:AUBANK
by AngshumanSaikia
Weekly Forex Forecast Nov. 11th: BUY S&P500, NASDAQ, & DOW!This is the Weekly Forex Forecast for Nov 11th. The Big 3 Indexes are strong, trading at ATHs. There is no reason to look for anything other than buys this week. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
Weekly S&P ProyectionSince the market did not correct as expected, this opens up the possibility for a new period of euphoria. As show in the graph this has happened before from the year 2020 to 2022. Price is typically considered to not follow a normal distribution, therefore using one to estimate if price is over extended has its flaws. This is because the true distribution of a security is a multinomial distribution, where price can either go up, down or stay equal. The reason price behaves in such an odd manner is because price, has 2 unknown probabilities. Such probabilities can be calculated for the past, but not for the future. These are the probability of a price increase, and the probability of price staying the same, consequently the probability of price decreasing will be 1 minus the sum of the two previous probabilities. The value of such probabilities also fluctuates, and is determined by the market. When a market becomes overexcited, the probability of price increasing is closer to 1 than it's other counter probabilities. When this happens, a normal model no longer becomes suitable for estimating the limits of the distribution. If one has a multinomial distribution, thought of as a graph with nodes in a shape of a 3D tree, where each node has a relationship with 3 subsequent nodes. Where each relationship carries one of the probabilities mentioned before (with no repetitions). Starting with 1 initial node, then 4 then 16 … previous+previous*3n. One is able to create a mental map of true, the price action distribution. From these, one could calculate new limits, by using bootstrapping. However, since the computational power of such algorithm is complex, we can use the mean returns indicator to evaluate the trend and see that currently the trend is positive. This would mean that the probability of increasing is most likely also closer to one. If the mean returns were at 0 then the probability of price staying the same would be closer to one, and if it's below zero the same is true for a downtrend. Currently, the trend is positive, and not close to the theoretical limits of price action. This means that the probability of seeing a skewed distribution in the future are relatively high. However, if you still use a normal distribution to estimate the limits, then price is due for a correction. Only time will tell, as over excitement can move markets past their technical limits, and that is something that will always be a flaw in any technical approach to model price action.
CME_MINI:ES1!Long
by DarkMessiah777
SMR heads up at $25.83: Golden Sisters gave us 54%, Book ProfitsThis is a follow up to my $16.68 Entry Call (click). SMR launched EXACTLY from our entry on Golden fib. Bounce hit bigger sister Golden fib, so a good target. Scalpers should close longs, Holders might sell some. 54% gains so we need to book some/all profits. Now we will look to the fibs below for support. $ 22.34, then 20.18 are of interest for re-buys. . Previous Analysis and Entry call: ================================================================== .
NYSE:SMR
by EuroMotif