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Fibonnacci

US30: Downtrend to ContinueI think the market will continue its downtrend, once price action reaches this zone. I anticipate a lot of choppiness and consolidation, so be patient with the entries and wise with the risk. If you get stopped out, again, be patient and wait for another opportunity at strong resistance. I identified 3 different structures here and used them to plot levels on the chart. Structure 1 (L2H) is the up structure that gave us the 1.272 & 1.618 extensions, giving us some signs that the market may be about to pull back and rally for a bit. Structure 2 (H2L) is the larger structure that gives us three retracement levels. The .5, .618, and the .786-.886 zone. We should pay attention to these levels of interest when price arrives. Structure 3 (H2L) is the smaller down structure that gives us a second set of levels to consider, primarily the .786 & .886 retracement. This is the structure that price is currently trading in and the one we'll use to determine how the market is trending as it approaches significant levels. The Sell Zone I have marked is the confluence between the .618 of S2, and the .786-.886 of S3. This area also coincides with a potential testing of the 200MA, Several resistance zones that the market may retest, a 1.0 price projection, and the .5 retracement of S2. This is a large area to consider, so as always, be responsible with your risk. If the market doesn't reach our levels and sells off quickly then no worries, there will be other trades. No FOMO! --- Levels of Development LLC is providing this material for this site and any other related sources (including newsletters, blog posts, videos, social media, and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options, or other financial instrument transactions are for illustrative purposes only and may not represent specific trades or transactions that we have conducted. We may use examples that are different or the opposite of transactions we have conducted or positions we hold. All investing and trading in the securities market involve risk. Any decision to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extent you believe necessary.
UShort
by LevelsArchitect
Wakey Wakey . . XRP Gart & FakeyHey crew, gonna drop this on ya. I probably shouldn't because "they" watch my sh!t close and I've had to figure out how to post price levels without actually posting my personal entry / exit points. I've literally had orders miss filling ROUTINELY by as little as .001 to .0001 which as you can imagine is enough to drive a person to drink lighter fluid laced egg nog even if it's NOT Christmas. So here's the shakey shake . . 1. Remember, XRP always pumps before dumps. 2. Keep an eye on Bitty and especially the S&P 500, there's some pretty good parity there and insight into overall market directions. It's still pretty comical that crypto will trade in some degree of parity to broader markets BUT, that's "probably" intentional because if "regulators" can make the case that crypto trades to 70% or greater correlation to broader markets then they can further strengthen their claim that crypto should be classified and therefore REGULATED like securites. (FtheSECbtw, you guys are F%$@#rs) 3. Garts pretty much NEVER play nice with XRP so don't be alarmed if/when this one doesn't either. Maybe we'll get some 50/100 day ema fingerbang action in which case, I'd be TP scalping from those 0.37 buys if you got em. I personally like XRP at lower levels, who doesn't? Even if you're a salty bull from > 1$ levels then you know it's just more opportunity to lower the cost basis, amirite? ;) Hold the line and don't be afraid to hedge even at these levels. I still think we have a date with 10 cents. Stay frosty and remember, * * * Not investment advice * * * Box
by FudBox
ROSE targets above Rose/Usdt #ROSE #roseusdtHere we see our Rose 3 day chart .You can see that dark blue 200 MA line above us near .1472 and I think that's definitely a target we'll be going towards soon . But if we follow FET and break over that dark blue 200 MA then what are the targets above there ? Because we're going to look for the possible top of this run . Well, for that we have to look at our fib lines . That's our fibonacci lines . These are often an area that gets revisited on any altcoin chart . And for ROSE tether pair we can see to the right hand side of the chart there are some dotted lines and those are next to the probable target price areas . First target is the .618 fib near 38 cents . If other altcoins are running up to these levels then we can expect to probably see Rose go up there too . Next target is the .65 fib near 40 cents - this .65 fib is called "The Golden Fib " and could definitely be a top target . The last target for now and possible top could be the .706 fib near 43 cents - this .706 fib is often thought of as a reversal area as well . So if our possible alt run continues then we could look for these targets . At this point most people think Bitcoin bottom was in back in November and that the market is going back up - at least for awhile . Let's see .
Long
by shimmeringpath
6
BNB/USDT 4HInterval Resistance and SupportHello everyone, welcome to a review of the BNB chart on a four-hour time frame. First of all, with the help of blue lines, we will mark the downtrend channel in which the price is currently moving. Now let's move on to marking the support spots for the price and we see that we first have very strong support at the so-called golden point of the Fib Retracement at $265, but if the price goes lower, we have another support at $245. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first resistance is at $282, the second resistance is at $293, and then there is a strong resistance zone from $302 to $310. The CHOP index indicates that the energy has been used, the MACD indicates the continuation of the downward trend, while the RSI has fallen below the lower limit of the range, which has now resulted in a temporary change in the trend.
by cryptodailyuk
BTC-USDT next possible movement within the next 30 daysBTC looks to be playing out this smaller channel within the larger broadening wedge, which if accurate should see it bounce slightly higher to the golden fib, before being rejected and possibly a quick move down, as more bearish sentiment is quickly on the upswing. There could be a possible push backup within the channel after if falls around $21,500 which is my expected first move, and if that push comes back up it will retrace towards the top of the channel, but I do not see the falling channel remaining after that if it even makes it that far, as towards the end of March the spring equinox is upon us, which I expect the market to then take a major retracement to the downside in all markets, which BTC will unfortunately get taken down with the wreckage of the traditional markets. At that point I expect BTC to finally retrace below $20k, and that might be the time that it finally falls below its previous low, taking out that range, and creating a new low, and possible down even in to the $10k range, but that could take till closer till the end of the year, depending on how some other factors play out. But for now, expect BTC to climb slowly up towards $23k this week, before reaching the top of the falling channel and then we see a retrace towards the middle/end of March which will at least come back down to around $21k, if not the more drawn down drop of the equinox. Either way, this is the short term play at hand for the BTC-USDT charts for the month of March.
Short
by Alexander_Thaddeus
1
BTC: Good times ahead?Bears have had it their way with the Bitcoin for well over a year now, as a result, the most popular crypto was brought down from sky-high prices to nearly under-ground levels in a matter of weeks. And it's probably gonna take months for this thing to completely recover and reach a new all-time high, if ever. But regardless of what happens in the distant future, current price-levels seem to be offering a great opportunity for those looking to accumulate Bitcoins in 2023. Here's a brief: - The price for the first time in months has found some respectable resistance(support in this case), and is gradually moving into a nice accumulation phase. This is where we can expect serious buyers to start creeping in to almost secretly take hefty positions at certain levels, neutralising the selling pressure and curb the trend over a period of time. - Accumulation can obviously go on for an extended period of time, given the strength of the down-trend and the kind of volume required to turn that around. I think we have just entered the same accumulation phase with Bitcoin too, and we can now expect a back and forth tussle between the buyers & the sellers, before one of the parties over-powers the other. - I'm in the favour of a trend reversal here, meaning my outlook is bullish towards Bitcoin, and that is mainly for two reasons: 1. Higher volumes in last six months or so, resulting in more frequent green candles, albeit narrow ranged ones. This indicates good absorption at recent levels, and a stronger intent from the buyers. 2. Given the volatile nature of the crypto market, this one offers a great upside potential with a manageable amount of risk. - Technical indicators aren't really giving any strong signals yet, though weekly RSI has moved up by about 50% in last month or so, we can expect it to cool down a few times before it actually locks in with ADX & Stochastic(I use these three in conjunction, but one should see similar convergence with other indicators too). Final Note: - This is just my personal opinion, please do not consider this as a financial advice. - This is a long-term trade, which can probably take several weeks to unfold. - Go slow & steady, mark your levels, and have fun hunting!
CME:BTC1!Long
by sudoMode
DOT/USDT 4HInterval Resistance and SupportHello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price has left the local downtrend channel. Let's start with the support line and as you can see the first support in the near future is $6.41, if the support is broken then the next support is $6.35 and $6.29. Now let's move to the resistance line, as you can see the first resistance is $6.50, if you manage to break it, the next resistance will be $6.55, $6.62 and $6.72. Looking at the CHOP indicator, we see that there is some energy left for further movement, the MACD indicates the maintenance of the local uptrend, while the RSI is moving in the lower part of the range with room for increases.
by cryptodailyuk
AUD/USD 4H still bearish.As we analyze recently. We might see a bullish change of character in the 1H time-frame. But when we spike into 4H, we still see a clear bearish continuation trend. If the Dollar continues to be stronger these days than the AUD volume. We will see this continuation of bearish trend into AUD/USD. We use Fibonacci Retracement to see where our zone of pull-back would most likely be. We have a clear FVG on the 4H chart. By our analysis, we speculate that the price will bounce from the FVG level (Which is into the Fib premium zone as-well) and continue to the swing bullish order block. That's where we might exit. Will update further.
Short
by RumbaCash
Daily ETH 4HChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, also on a four-hour interval. First of all, using the yellow lines, we can mark the downtrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see, we have the first support zone from $1603 to $1569, the second support at $1522, but if the price goes lower we have another support at $1462. Looking the other way, we can also mark the places where the price should meet resistance on the way up. And here as the first we have the resistance zone from $1628 to $1650, then we have the second zone from $1672 to $1703, only when we break it the price will move towards the resistance at $1743. The CHOP index indicates that the energy has been used. The MACD indicator maintains a local uptrend. On the other hand, the RSI is moving in the upper part of the range, so be careful.
by cryptodailyuk
Expanded Flat Correction lines up with Various Pattern TargetsHere's a more bullish chart for Bitcoin, should the expanded flat correction play out and take us to a new ATH: *** This idea requires DXY to turn back and continue its downtrend, a resumed uptrend would likely negate this *** Expanded Flat stopped just below the 1.618 on the trend-based fib measurement (logarithmic), first stop after crossing ATH and 100% would be ~87500 at the -0.382 fib, then ~105k at -0.618, ~144k at the ~100%, and potentially even ~237k at the -1.618 All of the above (expanded flat fib extension) lines up with several common pattern targets and the fib retracement from our previous March 2020 low to our last ATH: 1.) 2018-20 Triangle - has a measured 1x TP 1 at 81k, very near the 87.5k target mentioned above. Then a 1.5x TP 2 at 241k, which very nearly matches the 1.414 fib retracement @ 225k and the expanded flat's trend-based -1.618 fib extension at 237k. 2.) Present Weekly Falling Wedge - has a measured 1.5x TP 2 at 87k, matching the expanded flat target at -0.382. The 2x measured target is at ~141k, less than 3k under the -100% trend-based fib ext from the expanded flat. 3.) The entire idea above fits perfectly into a logarithmic parallel channel uptrend. I've drawn a couple of suggested paths here within the channel, one not reaching channel top and the other reaching top, both then heading to channel bottom. If the move stays within the channel through 2025-2026, it could reach 323k.
BNC:BLXLong
by dudebruhwhoa
1
A 10 years experimental outlook for DOW JONES INDUSTRIAL AVERAGEHi, everyone. Currently i'm learning Gann's method on annual forecasting. But, i'll tried it to make it 10 years further. It's so hard to find his documentation on his techniques, so i may be wrong. Everyone who see this post, live in a little bit more than 50% of major 60 years cycle like 1929 and 1869. So, the next cycle would be around 2049 But if this was correct, i can see that there is no crashes until January 2026. and you should thank me and Gann later for inventing this useful manual technique. But if this was completely wrong or not correct at all, it's definitely my fault..cause i still know nothing...so please don't hate me. I use a combination of machine learning algorithm named Learning Vector Quantization , this algo is supervised learning which i set the dataset from 2010 (after last crash), and EMA 21/34/90 to filter out the trend. In combo with that, i also use a time series model based on financial astrology as how Gann's did in the past. In this case, i don't use Gann angle because it is very effortful, so there will be a 1 or 2 bars different each swing. Using gann's angle provide more accuracy of how the price will go, but it took a lot of time. So, because i'm predicting 10 years further i'm not gonna using it this time. Yeah, so that's where all of my prediction comes from. Hope you explore more, so you'll realize how cyclical the market is. Cheers, H. Haidar PLEASE REMEMBER THAT I COULD BE WRONG, OKAY. SO YOU DONT BLAME ME FOR YOUR TRADING DECISION
TVC:DJILong
by Chartwatcher1996
Fibonacci RetracementFibonacci retracement is a technical analysis tool to identify potential support and resistance levels in financial markets. The tool is based on the Fibonacci series, a mathematical sequence of numbers where each is the sum of the previous two numbers. The origin of the Fibonacci sequence goes back to ancient India and the study of Sanskrit prosody. However, the series is named after Italian mathematician Leonardo Fibonacci, who introduced the sequence to the West in his book Liber Abaci, published in 1202. In contrast, the Fibonacci retracement was first used in financial markets in the 1930s. . Ralph Nelson Elliott, the famous trader, developed the Elliott wave theory. Elliott believed that market movements can be divided into waves, each with a characteristic pattern. Elliott noticed that certain retracement levels based on the Fibonacci sequence tended to act as support or resistance levels in the market. In particular, he called the levels 38.2%, 50%, and 61.8% the most important. Since then, the Fibonacci retracement has become widely used in technical analysis and is included in many trading platforms and charting programs. Traders use it to identify potential support and resistance levels and determine trades' entry and exit points. Fibonacci retracement is a popular tool among technical analysts and traders and has many uses in financial markets. Here are some common uses of Fibonacci retracement: Identifying potential support and resistance levels: The 38.2%, 50%, and 61.8% levels are often used as potential support and resistance levels in the market. When a price trend occurs, traders often consider these levels potential turning points. Identifying Entry and Exit Points: Traders often use Fibonacci retracement levels to identify potential entry and exit points for trades. For example, a trader can enter a long position on a stock when the price returns to the 50% level after a previous uptrend and then place a stop loss just below the 61.8% level. Trend Direction Confirmation: By analyzing Fibonacci retracement levels, traders can confirm the price trend direction. If the tracking levels align with the trend's direction, this can be a sign that the trend is likely to continue. Giving Price Targets: Fibonacci retracement can also be used to identify potential price targets for a trend. Traders often look for the 161.8% and 261.8% levels as possible targets for the trend when the price crosses the 100% retracement level. Summary with other technical analysis tools: Traders often use Fibonacci retracement levels in conjunction with other technical analysis tools, such as moving averages or trend lines, to strengthen trading signals and increase the probability of a successful trade. Fibonacci retracement is a widely used tool with advantages and disadvantages in technical analysis. Here are some of the main advantages and disadvantages of using Fibonacci retracement: Advantages: 1. Identifies potential support and resistance levels: Fibonacci retracement can be used to identify potential support and resistance levels, which is important for traders to identify a potential reversal. . . points in the price trend. 2. Ease of use: Fibonacci retracement is easy to use and can be applied to many financial instruments. It is readily available in most mapping software and trading platforms. It can be customized to meet the needs of individual traders. 3. Widely used: Fibonacci retracement is widely used in technical analysis and is well-known among traders and analysts. This facilitates interpretation and application in different market conditions. Cons: 1. Not always accurate: Fibonacci retracement is imperfect, and its accuracy may vary depending on the market area and period analyzed. Traders should use it with other technical analysis tools to confirm signals and reduce the risk of false signals. 2. Subjective: Like many technical analysis tools, Fibonacci retracement is quite subjective, and traders can interpret levels differently. This can lead to different business decisions and results. 3. Can be overused: Some traders may rely too much on the Fibonacci retracement method and use it as the basis for their trading decisions. This can be risky because only some tools can provide all the information needed for successful trading. Investors should use the Fibonacci retracement as part of a broader trading strategy that includes multiple indicators and factors. There are several important factors to consider when using Fibonacci retracement: 1. Choosing the appropriate pivot points: To use the Fibonacci retracement, traders must identify the appropriate swing points to calculate the level. These swing points should be significant highs and lows in the price trend and should be selected based on the analyzed time frame. 2. Understanding Levels: Traders should understand Fibonacci-rich levels and what they represent. The 38.2%, 50%, and 61.8% levels are the most commonly used and considered potential support and resistance levels. 3. Using Fibonacci retracement with other indicators: Investors should use Fibonacci retracement with other technical analysis tools, such as moving averages or trend lines, to strengthen signals and increase the probability of a successful trade. 4. Adaptation to market conditions: The accuracy of Fibonacci retracement levels can vary according to the specific market area and the period under analysis. Traders must be prepared to adjust levels based on changing market conditions and adjust their trading strategy accordingly. 5. Risk Management: As with any trading strategy, traders should properly manage their risks using the Fibonacci retracement. This may include setting stop orders at appropriate levels or limiting position sizes to minimize the impact of potential losses. Fibonacci retracements are widely used in technical analysis. Still, there are also some alternative tools that traders can use to analyze the market. Moving Averages: Moving averages are commonly used technical analysis tools that help traders identify trends and potential entry and exit points. Bollinger Bands: Bollinger Bands is a technical indicator that helps traders identify potential support and resistance levels. Ichimoku Cloud: The Ichimoku Cloud is a technical indicator that helps traders identify trends, momentum, and potential support and resistance levels. Elliott Wave Theory: Elliott Wave Theory is a technical analysis tool that helps traders identify trends and potential entry and exit points. It is based on the idea that the market moves in a series of waves and can be used on different timeframes. Thanks for reading this. What do you think the pros and cons are? Do you think I missed something? Let us know your ideas. Good luck.
Education
by MonoCoinSignal
14