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Fibonaccifan

BTC/USD: The drop is coming to an endBTC may reach the given target sooner than expected. The ultra-short term fibo fan shows how the drop has been accelerated and this may take it to 7800 zone at any time from now. Big buy walls are set in all exchanges around 7700-7900, that zone is where the big whales are. Volume is also increasing as in previous bottoms so we might face the end of this drop in a matter of hours. Get ready your fresh USD or HOLD whatever you have right now!
Short
by fraclehe
1
Major Correction in NeoNeo was not spared from the crypto carnage. It dropped to a staggering $31, where it found support at a Fibonacci Fan level, before recovering to $50 which we’ve identified before as a value area. Again, investors should be cautioned that this fallout may continue. Although we had originally defined this phase as Wave 4 of the impulse, it is likely the case that we must redefine our wave to cast current events as our corrective phase. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:NEOUSDShort
by quantguy
Neo Gearing UpProfit taking carnage has spilled over into NEO as well. Currently it is hovering around the $70, psychological and technical level corresponding with the 0.75 Fibonacci Fan level. Both Kovach Momentum indicators are bullish, but we appear to be in Wave 4 of the 5-3 Elliott Impulse wave. Be prepared for more retracement as we complete Wave 4. At this point, $56 seems like a conservative entry point. Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here ! For daily commentary on cryptocurrencies, subscribe to our newsletter !
BITFINEX:NEOUSDLong
by quantguy
Fibonacci Levels on S&P 500 Futures Agree with FanIn a previous post, I discussed using a Fibonacci Fan to predict some levels the S&P might seek if and when we do see a correction. To make it clear, I'm not bearish on stocks. Eventually, we'll see a correction, and it'll be 'YUGE', but I doubt it'll happen any time soon. The reason I've posted this is to show you new traders that if you're doing it properly, Fibonacci Levels should agree whether garnered from the fan, retracement levels, or extension levels. Hope this post helps anyone seeking to improve their Fibonacci skillz! Good luck and good trading!
CME_MINI:ES2!Long
by quantguy
Ideas for Retracement Levels in S&P FuturesAlthough I don't think the stock bubble is anywhere close to popping, I've used a Fibonacci Fan to draw some ideas for retracement if and when it does. I've used a Fibonacci Fan because it seems to capture the stock market's meteoric rise in between the 0.618 and 0.75 levels, even on Black Monday 2015 when Chinese PMI came in catastrophically below expectations and the markets thought the world was going to end. If and when the market does correct, it will likely seek these levels again.
CME_MINI:ES2!Long
by quantguy
Neo Struggles, But Chugs AlongNeo is failing to test new highs, which is foreboding. It appears to be consolidating into a bear wedge pattern, but the central moving average of the Kovach Reversals Indicator, and the 0.618 level of the Fibonacci Fan provides support. We appear to have completed the third wave of the impulse of the 5-3 Elliott Wave, and are in the fifth wave right now, completing the impulse. However, we must break above wave 3 to confirm it, and NEO seems to be really struggling with this. If you like the Kovach Indicators, check them out here !
BITFINEX:NEOUSDLong
by quantguy
1
BTC/USD (H4) . Fibbo Fan+Resistance Lines Very Strange that here don't have basic Fibo Fan, but have so many updated instruments for incredible trend measurements, which in not in basic technical analysis. A bit fixed own Fan, can image new down trend RES and SUPP lines. Matching with Fibo Retracement i pointed out most critical price-levels on fresh down trend if it is. Can see that they are was important in pass. Whatever i can see is my own options, everyone can interpret by his own way.
BITFINEX:BTCUSDShort
by GeorgeVeritas