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Fibonacci Retracement

Bitcoin - Big players are using these levels, so why not you? Before reading, please show me some love by liking and commenting! It's free, so why not? In this post I want to show you the power of the Golden Pocket (0.618 -0.65 Fibonacci retracement). After one year in a downtrend, we finally saw that price increased and reached a high of $13920 on Bitmex. But why did the price stop exactly at this level? For those who think that TA is not working, here is the answer: Fibonacci is a fantastic tool that works in all markets of the world, and when you understand how to use it, it make the difference between an amateur and a pro trader. In this example, since we are looking for a short opportunity, we just took the high that we reached the 11 December 2017 and the low of 10 December 2018. And what do you notice? Yes, price stopped exactly at this Golden Pocket. Is this a coincidence? Not at all. Why this level is very important and why do you see price rejection most of the time at this level? Because big players are using it, financial institutions with large capitals that have very complex trading algorithm use it every single day, whether it is for scalping, day trading or swing trading. Now when using the Golden Pocket we don't want to blindly long or short at this level. What we are looking for is confluence with at least something else. In this case, what made this trade a high probability one is the fact that the Golden pocket was sitting exactly at the previous weekly level of $13873 (previous support that became resistance) which is enough of a confluence to take the trade. Big players are using those levels, so why not you? If you love this content please support me by sharing, commenting and following me! Thank you and ... Have an amazing day!
BITMEX:BTCUSD.PEducation
by DMG_Intelligence
How To Plan Plan A Trade With Fibonacci Ratio ConfluenceHi Traders, In this video we will look at How To Plan Plan A Trade With Fibonacci Ratio Confluence. Fibonacci ratios are most powerful tools with they are used in right manner. We can use them in all sorts of market conditions and asset classes. Fibonacci confluence creates harmonic patterns and gives us very good reward risk ratio. The best thing is the possibility to pre-plan and quantify a trade with high accuracy. Please feel free to comment or ask questions. Hit the like button if you found value in this post. Thanks! :)
Education
by vikinsa
Trading Consolidation Profitably In Forex Markets With FibonacciTrading Consolidation Profitably In Forex Markets With Fibonacci and Harmonic Patterns (A Fibonacci Confluence Tutorial) Hi Traders, In this videos we look at how to trade consolidation periods profitable using fibonacci and harmonic patterns. Apart from using support and resistance, trend lines and channels, we can use the power of fibonacci ratios. Best thing about fibonacci ratios is that we can pre-define targets or make a fairly accurate prediction about market's move. We can can quantify trades in advance. Fibonacci is one the main tools that I use in my confluence trading. Fibonacci is the first tool that pick to start my analysis. Feel free to post your comments or ask questions. Sorry I ran out of time so I will create another part. If you find this useful please Give it a like and share with fellow traders. Like, Share and Comment. Thanks
Education
by vikinsa
Analisis tecnico y cientos de PipsPodemos ver como con el análisis técnico, con acción precio, se pueden agarran buenas y efectivas entradas, no es necesario algún indicador, sin embargo es ideal apoyarse en la herramienta de Fibonacci para tener mas seguridad de su operación. Siguiendo los principio de Ralf Ellitot, podemos ver la estructura definiendo las 5 olas de ese ciclo del mercado, aprovechando así la tendencia, y que los pisos pasan a ser techos, para confirmar con velas de 4 horas bastante información para tomar la decisión de entrar en los trades y tomar buenas ganancias, siempre surfeando la tendencia, dejándose llevar por la ola del mercado. Nota: En la imagen me confundi, se compra cuando techo sea piso. Claremente se ve como el techo pasa a ser piso. (No piso a techo, eso seria venta)
Education
by Mario_Roldan
The Precision of Break Out StrategyHello All! Welcome back with me in this another bitcoin analysis. First of all, I want you to look at my previous analysis about shadow support on bitcoin in this article which is holding true. We have seen a spike to test the previous broken support that is now become resistance. On this chart, we will cover the mid term view of the bitcoin's movement. First of all, I want to repeat again the knowledge of the break out strategy that I am using. So, here it is : 1. Initial Break Out : is the initial try of the price to surpass the support or resistance and on the higher time frame, we see it close just out of the current range. 2. Retesting the previous broken level : Just like the basic terminology, what ever that goes up, it will retrace to find another point of interest. In this case usually we see a pull back after the broken out of the previous support or resistance. Usually we saw a rejection toward this previous s/r and this will be our ideal entry for longing or shorting. 3. The real Break out : Price will start its rally after the phase 2 get a clear confirmation. Therefore, I see in the mid term, there might be a potential reverse in price to the blue resistance trend line. because since the initial break out of this resistance trend line, we haven't seen any test toward this previous resistance that is now become support. And within this terminology, I personally very interested in looking for the fibonacci level to determine which will be the candidate for support level. I see these 2 levels, which has confluence zone with the resistance trend line. They are the golden pocket around $8500 and the 78.6 fib retracement around $8000. However, this 2 levels of support was previously become a price range since September 25th until October 20th. Although there are a lot of bearish bias that occuring in the market, I am still hoping that the $8000 can hold the price from further drop. Drop from current level will cause the chance of the price hit the $6000 or lower will getting bigger.
BITFINEX:BTCUSDEducation
by julio24albert
1
BTC Short term viewHello fellas, welcome back with bitcoin update again and again. Coming to the consolidation zone, we can see a lot of frustation and a lot of uncertainty has came to this crypto space. The only good view is on the altcoin market which is holding its most of the bottom support. A coin like Omisego, Nano, and Stellar (beside the coin burn fundamental) has surged up from its bottom, this will once again become the indication of increasing attraction of free money to this altcoin market. Coming back to the bitcoin insight which always phenomenal and being unpredictable, I want to analyze it in short term view and in lower time frame. Based on my technical analysis, we can easily see that the $9500 has been a very very huge resistance for bitcoin. In last few days, we have seen a very sideways market. But, slowly the price is forming a higher low structure since October the 26th, 2019. Therefore, it forms like an ascending type of the triangle. Although a lot of bearish pressure has intimidate the bulls for a long time, but the bulls still remain strong and consistent at least at lower time frame. I could change my bias from bearish to bullish short term as if the price can break the $9500 and we can see a push further toward $9700 or even the $10000 region. But, as long as the resistance is remain valid, I am still bearish short term. Anything can happen in crypto market.
BITFINEX:BTCUSDEducation
by julio24albert
Manipulation, Death Cross and Xi Jinping's statementHello fellas, welcome back to our Saturday update about bitcoin. Let's get to the point We have seen a 40% surge on bitcoin in 1 day of trading. However, even in crypto industry, this is still a tremendous moves so far and unfortunately, once again it indicates that the crypto market is showing its unstable circumstance which can easily manipulated. Just right before the 40% surge, the China president, Xi Jinping shared his view about bitcoin and announce a support on blockchain in China. However, this gives a tremendous effect on crypto market. Altcoin's market lose a lot of volume but on the other hand, money inflow in bitcoin is growing even faster. I believe that it is only the manipulation that some parties made to wipe out the people who short the market. I do expect a little pullback to the upside but I never thought that it was this tremendous. I am a type of the people who don't believe in fundamental analysis, I am 100% technical believer. All the short term spike is just manipulative as always. Now, look at the higher time frame of daily chart. After the 40% surge to the upside, today's candle produce the 12% wick of rejection and is still moving below the white resistance region. this white resistance region was the broken support that is now become resistance as well. And the white trend line is the resistance trend line that has held the price since june 26th, 2019. As long as the price is still moving below this trend line, I will still remain bearish as well. Another view on another technical indicator, which is EMA 55 and MA 200, we can easily deduce the death cross has already occured. However, death cross is always be the most respected factor to look for most of swing traders. I am expecting a daily candle closure will be below the EMA 55 which is the blue dynamic line to confirm this continuation of down trend.
BITFINEX:BTCUSDEducation
by julio24albert
Matic network with possible 50% gain on SWINGThis is a quick update analysis about some of altcoins which have a good potential to grow and produce a possible huge profit in the near future. Let's do the technical analysis. History is repeating itself is the most suitable quotes on MATIC here. we can see a similar pattern with previous structure in this huge up trend channel. we see a failure descending triangle which it broke to the upside. And in this current move, there is a possibility of it to repeating this previous pattern. A series of higher high and higher low can be a good reason for me to enter this trade. If the price breaks out of the upper line of the triangle, I will enter the position and targeting the upper line of the huge up trend channel. 2 potential target that have the alignment with the previous price action is at around 230 and 270. Watch out and let's be rich together.
MEducation
by julio24albert
Bitcoin : Short term view and review of yesterday's analysisHello fellas, How are you doing today? I hope you are doing great. Let's get to the point! If you have seen my yesterday's video analysis about bitcoin in short term and long term view (and if you haven't seen it, kindly see it on this link youtu.be ), you will be very familiar with some of this key levels drawn on the chart. After the action of breaking out of the green dotted trend resistance trend line with an absolute candle closure on 4 hours chart and a pretty good volume. But, once again I want to remind you that even at the most bullish market, it will still need the correction even at the smallest degree of the wave. That's why I try to make a relation with a possible elliot wave count on lower this 3 hours time frame. Orange zone is the golden pocket zone which I believe that it is the strongest resistance zone for short term basis. The green zone will become the strong support because it is simply the 50% of fibonacci level and it has a confluence with previous price action as key level. For short term, I firmly believe that bitcoin will touch the orange zone at least and the maximum retracement that could occur will be on the green zone as the key level. As long as the 4th wave hasn't move down to the territory of the top of the wave 1 (Not more than a wick), This scenario will be still active. My bias is remain the same, short term is bullish, but for long term we could see a horrible bearish scenario. Thank you
BITFINEX:BTCUSDEducation
by julio24albert
BTC : View in short term.Hello Fellas, welcome back with another update from bitcoin. This analysis is gonna be worth it for all of you guys, I guarantee it. Just like usual, I use the bitfinex bitcoin's price and once again, I remind you that this analysis doesn't include the buy or sell strategy. This analysis is for educational purpose and Just want to share you my view about this market. And let's jump to this analysis. Looking at the chart, I have to admit that it is a little bit messy with a lot of lines and boxes drawn. But, believe me that this image is the most simple ways to represent my view. Based on the chart, I want to give 3 highlighted factors that might give an important movement. The first highlighted region is the blue box which show us that the price has already bounced after it touched this region which moves align with the 78.6% fibonacci retracement. So far, the price has respected this region and this region has the possibility to become major once it has the ability to hold the price. The second highlighted region is the yellow resistance trend line, this could be a shadow trend line at short term which act as a resistance trend line from short term moves. A confirmation of breaking out this region, could lead the price to test again the 8700$ region which act as a major resistance for short term. The third highlighted region is the green support trend line which become the major support trend line for bitcoin that has held the price since November 2018. However, the price is still trending slightly above this major support trend line. Break down below this trend line, will lead the price to the next support region stated. The 4th and 5th highlighted region is the white region which move align with the previous swing low as the 1st support and which is moving align with the 1.618 fib retracement as the 2nd support. Watch and be wise.
BITFINEX:BTCUSDEducation
by julio24albert
Elliott Wave Patterns & Fibonacci Relationships Reference GuideElliott Wave Theory attempts to identify recurring price movements within financial markets and to classify them into a set of meaningful patterns, which can become a reliable tool for future price predictions. The underlying principle is that price-action unfolds via an endless alternation between trending and corrective cycles, while producing this effect on any relative timescale (Fractality) . Elliott Wave (EW) price patterns are divided into  motive waves   (i.e. price movements that initiate progress in one direction and therefore create trend) and  corrective waves   (i.e. price movements that are reactionary in relation to the previous trend-setting move) . Corrective waves essentially attempt to revert or undo the movement that was initiated by the preceding motive wave. How to use this guide This EW reference guide provides an idealized drawing for each EW pattern, including a visualization of the most important internal wave size relationships. The images highlight the most common wave retracement and extension targets in red, followed by the next most common targets in orange, followed by the least common targets in grey. Important Concepts To Remember Before Applying EW Counts Wave Degrees Elliott Waves are labeled in different degrees that are nested within each other due to the fractal nature of price movements. Please refer to your Elliott Wave drawing software for the appropriate names and symbols used for each officially defined degree. Alternatively, you may simply label different degrees with different-colored labels on your chart. Alternation   (“expect a difference in the next expression of a similar pattern”) : EW patterns have the tendency to create alternation within them. This is reflective of nature’s general propensity towards dynamic balance. Following is a list of the main occurrences of alternation: Alternation of corrective waves: If wave 2 is sharp (i.e. zigzag or extended zigzag) and deep (i.e. deep in the sense of how much it retraces the preceding wave 1), then wave 4 will most likely going to be sideways (flat, combination, or triangle) and shallow relative to wave 3. The same applies in reverse but is less common. This is because triangles (which only appear during wave 4 inside a motive wave) are considered to be alternating to all other corrective patterns. That means even if wave 2 is a shallow sideways correction, a triangle can still appear in wave 4, but it is less likely. Alternation also occurs in terms of wave complexity. If a potential bigger complex correction starts out simple at first, then expect complexity to increase during the following parts of the correction (i.e. simple-complex-most complex). The reverse can also apply (i.e. most complex-complex simple) but it is more rare. Alternation of motive waves : If wave 1 is short, then wave 3 is likely to be extended, and wave 5 likely to be short again. If wave 1 is extended, then wave 3 and 5 are most likely not extended. If neither wave 1 nor wave 3 is extended, then wave 5 probably will be extended. If wave 3 is extremely long and overstretched, wave is 5 more in danger of being truncated. Balanced Proportions (“The Right Look”) : It is important that waves within a 5-wave or 3-wave sequence show reasonably balanced proportions to each other… not just in terms of size/magnitude (which can generally be verified by Fibonacci retracement and extension ratios), but also in terms of  time duration . This balancing can occur either via alternation and/or via equality. Consider the following as an example for ‘balance through alternation’ : an impulse is showing a classic deep and short-lived wave 2, plus a shallow but time-lengthy wave 4. The time-lengthiness of wave 4 is in balance with the depth of wave 2, while the shallowness of wave 4 is in balance with the short-lived nature of wave 2, thereby creating balance through alternation. The same need for balance applies for any motive waves within a 5-wave sequence (i.e. 1,3, and 5). The exception however will be the potentially extended wave within the sequence. It can/will be much larger in terms of magnitude and time than the other four waves, but the sub-waves (inside the extended wave) must show a balance to each other. The extended wave will also express relatedness to the other waves of the sequence by the angle of the overall price movement (that’s why impulsive motive waves travel quite neatly within parallel channel lines most of the time, even if one of the waves is extended). Consider the following as an example for ‘balance through equality AND alternation’ . Wave 1 and 5 of an impulse sequence are equal in size and duration (equality), while wave 3 is extended (alternation to waves 1 and 5). Alarm bells should be going off when a potential wave 4 is starting to grow out of proportion in terms of size and duration relative to the other waves of the same degree. It is dangerous to disregard the factor of balanced proportions during wave counting. Disproportionate and misshapen patterns should be seriously questioned. The ‘right look’ may not be evident at all degrees of trend simultaneously, so it is best to focus on the degrees that are the clearest.
XEducation
by ferGOD
10
Litecoin bullish patternHey Fellas, feel so interesting with last few days trading result which gives me personally a good gains on some of my coins that I hold. The most profitable coins that I am holding is PPT on Binance and of course for you who have followed my channel, you will realize it as well. And litecoin here is one of many candidates that I would like to share to you. The first indication that I was very interested is the price bounced as soon as it touched the 78.6 fibonacci retracement area which we know it as a significant levels for some instruments in the last 2 or 3 years. The second indication that I believe you will agree with me and it's very hard to argue in my opinion is the price has formed an ascending type of the triangle which usually end up bullish. Broken out of the horizontal resistance zone will be my entry point for long/buy position. My nearest target absolutely at the golden pocket zone and then we can target the previous swing high as well.
Education
by julio24albert
BTC : Trend line and key levelsHello fellas, Let's we start about the analysis podcast about bitcoin which is very important right now. so, sit tight and read this analysis carefully. This is the weekly chart. And just like the title of this current article, we will discuss about the key levels and trend line on bitcoin. Let's make trend line at the first topic to discuss in this first paragraph. Connecting the high of the December 27th candle and the high of April 8th candle will produce an extended trend line that is now acting as a support trend line. Like what I've always said, even we have broken out of previous resistance trend line, in the future there will be an action to retest again the previous resistance trend line to become a support and vice versa. Currently, we see it clearly occur on current bitcoin's chart. And what's make it more interesting is the trend line is moving align with the golden pocket zone which act as a support too. With those facts above, we clearly see current support trend line is very significant on current bitcoin's movement. And to anticipate the wick fishing region, I will give the 78.6% fib level as a perfect label for wick fishing region. This is make sense to me, if we see back at 2017 and 2018 which most of the investment instrument had a bounce right after they corrected the major trend at around 78.6% region. Beside it, if we look back at the historical data, we can easily see the $6000 - $5000 region was a really strong support during the 2018 consolidation market. On every trade, it is important to anticipate the wick fishing region. because there will be a room for liquidation on short or long before it is going to claim the real major trend.
BITFINEX:BTCUSDEducation
by julio24albert
EOS : Sunday's analysis leak from premiumLooking back at the EOS here. And if you remember my previous theory about 3 phases of break out strategy, you will realize that current support action for EOS is at the 2nd phases of break out strategy which is retesting the previous resistance that is now become a support. For now, I will looking for a possible long opportunity which will produce a really nice risk to reward ratio on this potential positions. Once we see a clear rejection of this support trend line, I will open a long position for it and use the fibonacci levels as target areas. For more details analysis, watch the video on our youtube One Point Trading
Education
by julio24albert
4 hours chart perspective.Hello fellas, It has been a slow day lately. But, I am hoping that you are doing great! come and take a look at our bitcoin's update on this saturday. Currently the price is moving in a consolidation phase after a drop. I really expect the price to break out of the white resistance trend line and test the 38.2 fib retracement level. My hypothesis is the price will forms an inverse head and shoulder first before confirming breaking out to test the previous major support that is now become resistance as well. At this kind of condition, I really think that there will be a very difficult time for bitcoin to drop more. Because the golden pocket is moving align with the exact previous support that is now become a resistance. watch for the confirmation and let's buy the dip ONLY when the price has shown a broken out structure.
BITFINEX:BTCUSDEducation
by julio24albert
Faaalling Bitcoin? Cup and Handle + Volume AnalysisThis is a daily chart for BTCUSD on Bitstamp. The most obvious thing I want to highlight is the battle at the 0.382 Fib level. It is very very common for an asset to have a few checks and tests off of 0.382. And BTC is no exception. For the past few months, we've witnessed a battle between Bulls V Bears at 0.382. Now, bull and bear volume has been declining. Who will take over? It seems like the technical bearish pattern Cup and Handle has surfaced. The Cup and Handle target is projected downward, equal to the distance between the neckline and the highest point of the Cup and Handle. This projection takes us right around the 0.618 and 0.786 levels. These levels are very common to show reversals . And around this level, the price is around $6K. Funny, this is around double the last bottom ($3.1K). Why am I bringing this up? Remember, if you consider Bitcoin as a commodity, then you must remember that a commodity's price will gravitate to its cost of production over time . With difficulty increasing, we know that CoP will increase over time, and that BTC will have higher bottoms , at least for the short to medium term. So, it makes sense for BTC to follow this Cup and Handle projection. But remember, the market can do any damn thing it wants; we'll just have to wait and see ;)
BITSTAMP:BTCUSDEducation
by realcapmillen
Next Stop $9300?Hello Fellas, finally we come here with an update on the number one largest cryptocurrency in this universe which is BITCOIN! If you've seen my video analysis breakdown on youtube about btc, you will realize that finally btc has got a confirmation of breaking down the yellow area. what's next after this? Like what I've always said, there are a lot of arguments to draw a support and resistance trend line for bitcoin, that's why a lot of bias has occured lately. I can't blame and judge the people who has made an analysis and serve it with exact long or short. Right or wrong, the bias in this market is always be subjective, there won't be 100% right or wrong. But, with this break down of yellow level, I believe most of good traders will agree that the bearish pressure is getting higher at this rate. I see a minor support level which is the 78.6 fib level region. This area also known as the flavor of the year region because in this 2019, a lot of instrument has bounced right after the price hitting this level. Currently, the price of bitcoin is trending slightly above this support level and once we see a break down confirmation of this minor support, I believe the short entry to target the white region as a huge support is likely to happen.
BITFINEX:BTCUSDEducation
by julio24albert
1
Bitcoin - There's Levels to This! Fibonacci & Cluster AnalysisThis is a 1-hour chart of BTCUSD on Bitstamp. From the high this past July to the current price, it is clear that price is pivoting back and forth between key levels. Those key levels are: - 0.382 - 0.5 (not a Fib level but still a useful level of support/resistance) - 0.618 - 0.786 - 0.886 From the Fib off of the high around $13.9K to the low around $9K, we see clustering around the following levels: - 0.382 - 0.618 From the Fib off of the low around $9K to the high around $12K, we see clustering around the following levels: - 0.786 - 0.886 From the Fib off of the high around $12K to the low around $9.3K, we see clustering around the following levels: - 0.5 - 0.382 I think it's paramount to study and trade off of levels. Use levels along with price action, market structure, volume, and location. Otherwise, if you just rely on indicators, you are simply guessing where price could go. Indicators tell you about the PAST. It's time to get smarter with our trades.
BITSTAMP:BTCUSDEducation
by realcapmillen