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Fibonacci Cluster

Bitcoin market is in the "decision zone", fib clusters + ABCDI am going to experiment with a split chart . Hopefully it's easier to follow. We will see. If something changes, I'll add updates. Most of those Fibonacci price projections are from the previous TA I published last week (). Those are still important and have a major role on this giving hints. We are at the zone one right now. Kinda obvious what needs to happen, for zone 2 to be even relevant. Daily chart also has a large and old ABCD pattern that is still valid.
KRAKEN:BTCUSDLong
by alskdj
1
MU - long-term short setupMicron reached nice levels where to start building short position. In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession. More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD divergence and current wave C reaching symmetry with A in potential corrective B of larger degree , we are in very good spot to try first entry, and then move stop tighter, if we will see move lower in the upcoming month. Stop: 64.67 Target: ~20$ NASDAQ:MU
NASDAQ:MUShort
by Silvestrov
Confluence of Fib levels on the weekly chart - Selling EURGBPAs per the video I made (See linked idea). Selling EURGBP Weekly – Trading at the upper end of a bearish channel . Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity. Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30 sessions. 4H - Strong move higher today and approaching some exhaution points. We approaching some very key levels here following a strong move higher. The UK is getting closer to appointing a new Prime Minister, Boris Johnson remains the favourite. Once the uncertainty of this is lifted, we could see short term relief in GBP. One point to note is that a potential bullish engulfing is forming on the daily chart . Good luck!
Short
by Signal_Centre
A confluence of Fibonacci levels on the weekly - Selling EURGBPFX:EURGBP , OANDA:EURGBP , FOREXCOM:EURGBP , FOREXCOM:EURGBP A confluence of Fibonacci levels on the weekly - Selling EURGBP Weekly – Trading at the upper end of a bearish channel. Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity. Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30 sessions. 4H - Strong move higher today and approaching some exhaution points. We approaching some very key levels here following a strong move higher. The UK is getting closer to appointing a new Prime Minister, Boris Johnson remains the favourite. Once the uncertainty of this is lifted, we could see short term relief in GBP. One point to note is that a potential bullish engulfing is forming on the daily chart. Good luck!
Short
by Signal_Centre
GBPNZD Potential HeadnShoulders.GBPNZD has now completely retraced from the last push to the upside, Gbreaking a key zone and forming a neckline to give us a potential head n shoulders early entry. With Fib clusters at the entry zone and notice the large supply candle it is also 50% giving us a strong confluence sell target area in the market for a continuation to the downside. To add confidence the MACD is building a hidden divergence signal to suggest a continuation of current movement.
Short
by TBonch
BAT/BTC STRONG SIGNALS OF TOP REVERSAL!Hey everyone, today I'm going to make my analysis on BAT and explain my point of view, so let's begin! When we climbed, we were reaching a previous resistance (the bearish engulfing bar at 2 march 12-16h), if we watch closely, we had a long legged doji, which usually signals a top(depending on where its formed) (it's a bit subjective, may not be a doji, but the idea still maintains) , formed also a bearish harami, and now it's forming a bearish engulfing bar or a bearish harami, in the same area of resistance. From the candle of 8 march 4h, we can also conclude, that based on the close (broke through resistance and closed below it) , which is also a bearish signal. Strong signals that the market is turning. According to my Fibonacci Analysis, I'm expecting a drop to the golden pocket (between 61.8 and 65) (4646-4670) which will serve as a temporary support, and will probably pump from there to 4924 (38.2 fib resistance , this is just a supposition if it indeed does pump in this temporary support). If you guys watch closely, that fib of the short trade, has the 1.272 target right in my buy zone, which is an area where multiple fibonacci levels almost interlap, making this zone really powerful. This buy zone consist of 1 golden pocket, a 78.6 fib support level, and the 1.272 possible target (if the pump above occurs). Buy zone: 4440-4486 When is the trade ready? 1) If now it forms the bearish engulfing bar or a bearish harami. 2) If it doesn't go above 5125. You know what they say: If the public is very bullish, it means institutional are selling! Be prepared. If you want to share your ideas , comment down below and like if you enjoyed this analysis. Disclaimer: I'm not a financial adviser , i'm not responsible for any losses due to following my chart analysis!
Short
by Vasques
2 BEST-FIT PITCHFORKS CROSSING EACH OTHER + 1 FIBONACCI CLUSTEREURUSD / 15 minutes timeframe / an example of a high-potential reversal zone created by fibonacci based-pitchforks and fibonacci levels. How did I get this? Two best-fit pitchforks (yellow and orange pitchforks) that have their three respective validated hits on their median line, upper parallel and lower parallel were drawn. The Swing Highs and Swing Lows of the pitchforks were also useful in drawing two types of fibonacci levels: extended retracements (1.236 and 1.272 extended retracement in this example) and basic fibonacci levels (0.318 level in this example). This fibonacci levels that are extremely close between each other form what we call a fibonacci cluster (which can be considered as a support and resistance zone). When the 0.382 parallel of the orange pitchfork, the lower parallel of the white pitchfork, the 1.272 and 1.236 extended retracements and 0.318 fibonacci level were extremely close between each other, this created a 3-5 pips high probability turn-around zone for price, which basically means that there was a high probability for price to reverse, which in this example happened. When traders have this type of scenario, they can have a very tight stop loss with this specific timeframe, which allows them to have a great risk-reward ratio if their trade goes well and if their money management system is efficient.
Education
by Henri111
TRX Rally - Correction Incoming?Analysis on the Hourly: Here we can see a shooting star formed with high volume, this indicates that a lot of selling was done at this point. If we watch the rsi closely, it formed a double top, which indicates going down. Now there's two possibilities: 1) Either it keeps going up and touches 652-655 (Fibonacci cluster) , 2) Or we have a short-term correction to the 570-575. If 2) occurs, we need to watch that level closely, and find a bullish candle with good volume in order to enter a possible trade to 652-655. Also, keep in mind that in the 4 hour timeframe, if it forms a hanging man, most likely 2) will occur. I will keep updating! If you want to share your ideas , comment down below and like if you enjoyed this analysis.
by Vasques