Fibonacci Projection
Tesla will reach ≈ 3200 by Mid of 2022 ? 5/Jan/221)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
NQ - Bear or correction?Despite the horrendous sell-off in the past week and all the negative news (omicron variant, bond tapering fear, persistent inflation), the fact remains that NQ's uptrend has not been breached and we are still only in "correction" (and not "bear") territory.
Nasdaq is now at an intermediate support, which is:
1. a prior resistence turned support at A
2. 50% fib retracement of BC swing up
3. 100% fib projection of the previous AB swing down at C
A worse case scenario for this "correction" is for NQ to retrace all the way to the rising longer term trendline (red) around 15300. Should this happen, then NQ could find more solid support here (which is also the 61.8% fib retracement of the BC swing). Even at this level. the correction would have been around 8.8%, similar to the last few major corrections we have been seeing this year.
So my take is not to get too bearish at this juncture. The signs could be clearer after the next Fed meeting minutes on Dec 15. For now, I'll let the rising trendline speaks for itself.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
Interesting Fib Circle PeaksOn this chart it can be seen that Fib circles correspond to opposite peaks within the current uptrend (red ovals)
I'm not sure of the correlation and causation of this, but it is pretty cool to see
Price will likely continue up through the channel placed
Classic Fibonacci retracement to 0.382This is going to be a textbook Fibonacci retracement from a clearly exhausted rally back to 0.382. Keep an eye on this set up it will happen quick and continue on its upward macro trend. The high impact new coming out of japan will help the downward pressure to 0.382....a key natural level.
This is not financial advice.
BTCUSD I see BTC going back to its ATH , and if price breaks above I see it heading up to the next fib level which is 75,525 ish- on this monthly fib circle.
Price has reacted and respected all previous Fib Circle levels.
My sell break and buy break areas are listed there.
If it breaks my by break at 63993 it will go to the ATH at around 64,745.0 Here price will either break or reject back down to about 60k
If price doesn't break 63,993 but instead breaks the sell break at 63662, then I predict price will retrace back down to 60k as well
BTC Descending scenarioBINANCE:BTCUSDT
If you look closely at the previous channels, you can see that with little penetration
We saw a sharp drop to the bottom of the price channel, so if the bottom of the channel
If it breaks, there is a possibility that we will have a severe fall
So friends who want to position shorts are waiting for the canal floor to fail
They are expensive and in case of failure, there is a possibility of falling up to 38 thousand
BTC Assending senarioBINANCE:BTCUSDT
To be able to take a long position more easily, wait first
Until the price reaches the bottom of the channel and then make a decision and in
The second case is the emergence of strong ascending candlesticks that you can
Analyze the volume of the candlesticks and then enter
ETH Daily Time AnalysisBINANCE:ETHUSDT
In the daily time frame you can see a pattern of head and shoulders
It is created if the neckline of the pattern is broken downwards
There is a possibility of falling to the range of 0.618, but if
It can happen that the candlestick at the bottom of the pattern closes
Bitcoin AnalysisBINANCE:BTCUSDT
The price is now close to the ceiling of your channel and
Next to the canal roof there is a range of 49,000 in terms of
Resistance is so resilient that prices must grow first for growth
Remove the range from your way and enter the upper channel
And in case of falling for the position, take shorts
The 47000 downward range is suitable for position shorts
BNB 30M timeBINANCE:BNBUSDT
In order for the trend to return to its upward path, first
It must be able to break the professional resistance to reach the level of 0.618
And after hitting the Fibonacci level, the price will fall slightly
And he will try and remember to defeat 0.618 again
Be aware that after the failure of the resistance, the price may fall slightly
BNB parallel ChannelBINANCE:BNBUSDT
Keep in mind that the downtrend is not over yet then
Opening a long position is wrong, but keep in mind
If the trend returns to the top of the midline, it can grow again
And to get shorts, wait for the 1.414 level break and then you can
Make a small profit up to the bottom of the canal