Get started

Fibonnacci

BEARISH Bitcoin Idea ( may not happen but....)Bitcoin Weekly chart The Vertical Red lines are Fib Time Zones and these ones are Bearish PA got Rejection off every one and the next one is on week of 2nd Jan which also intersects with the 4.618 Fib circle, As you can see, Previous 618's have also caused Rejection though PA may have descended before hitting the 3.618 End od Dec, Beginning of Jan has many charts pointing towards something happening but as we all know, predicting PA is often foolish I do have Bullish charts also but mostly from projections using Fractels..... Be ready to react is the only thing I will say Apart from Happy Christmas and a Merry New Year...I think BTC will recover in '23
BITSTAMP:BTCUSD
by Orriginal
1
Some simple DCA idea. Maybe a bit better than the average one ?Hello, everyone. This is my first idea, so please pardon me if anything goes wrong. With the bear knocking at the door a while ago, it seems that everything goes down. So maybe we should embrace the investor side ... The boring but rewarding path. On bear markets, everyone accumulates. The DCA it seems a viable option, as they say : "Time in the market beats timing the market". We could DCA by volume profile, Fibonacci retracements, or several other techniques. But why going so "complex" when we can make everything simple ? On Crypto, it's tested that we will see at least 6 consecutive "30% drops" after the latest "30% drop", if not even more. Influenced on this idea by our regretted mathematician, Mr. Fibo ... And applying it to the charts, I just have a new indicator with an embedded strategy inside. In order to do everything right , I am asking the community to give me feedback. And if there is a real demand for my creation, I will respond accordingly :) The questions will be : 1. Do you think this strategy will bring you profits ? If so, do you want to try my indicator for easier backtesting ? 2. How useful do you think it will be a trading automation website, to be launched in 2023 ? Dedicated to Risk/Reward ratio trades, but also containing this idea ? I am humbly awaiting your response, so ... Let's help each other ! Best regards, Ionuț
Education
by dogaruionut1993
3
RLinda ! EURUSD-> Trend change or correction? EURUSD in early November is trying to change the global downtrend. A number of positive fundamental factors contributed to this maneuver. The price confirms the change of the trend and at some point breaks through the resistance of the uptrend channel, indicating to us a more accelerated recovery. But a false break-down of the resistance at 1.02692 is formed. In the chart, we see a break-down of the base support at 1.02692, which was also the base for the H&S pattern. Ahead is the level of 0.618, from which a pullback might follow, and if the price makes a false-break of the upper boundary of the channel, there is a chance to see the continuation of strengthening of the euro. But in case of breakdown of the key area and consolidation of the price under the channel resistance, the price may fall to support 0.9926. Regards R. Linda!
by RLinda
13
HINDUSTAN UNILEVER ANALYSIS!!i want to say a lot of things in this idea. so i will take it step by step, and be with me till the end of it. first lets talk about the trend lines: TREND LINES: the blue lines: are the trend been followed by the stock past from the corona crash. the major black lines is the new trend which should be followed by the stock. this is because, the 2020 crash gave a boost to markets, and even many other sectors got benefitted from it. HUL is the market leader, and do takes a good position in NIFTY 50, the fmcg sector has a good future(said by many analysts), the sector is forming and be gonna great in coming future. HUL will support the above statement. the trend is drawn by the markets consolidation, and major points of resistance and support. the red lines drawn are just crucious level to watch when to buy/sell considering only short term swing trading. yup, more can be drawn, but i found out those as much more crusious the major green line is the support taken by the stock, after the FII selling been stopped and markets started to recover, and make the stock come back to its new trend. 2nd step: FIBBONACI RETRACEMENT: recently the stock came down and stopped at 0.5 level. and now it is followed by going upside, with a green candle. this week will be a could positive reaction of the stock. offcourse in the month of DEC, i am positive too. (fibonnaci is taken from the lowest point of 2020 crash till, the ATH of stock). 3. RSI INDICATOR. do note in the weekly chart of this stock, the RSI have mostly ranged from 45-75. currently its around 50, so this increases a lot of chance that HUL is undervalued. FINAL POINT: i could still more add more indicators, to show, but not to consider over analysis, or say not make my idea so lengthy. its obvious more this 3 points(stated above), that HUL is a great to buy at this level. one could earn about 20% from the swing trade, and about 40% return annually.
NSE:HINDUNILVRLong
by raghavchoudhary2016
Ascending Triangle on Dogecoin 4 Hour ChartWe have a Potential Ascending Triangle on Dogecoin. I Originally was looking at it as a Bear Flag targeting an 0.886 Retrace but in the time since identifying it the Bear Flag has seemingly held the 0.786 Retrace and the Ascending Demand Line as if Doge wants to make a Higher Low and attack the Level of Supply above. Due to this I'v altered my opinion on the Doge Bear Flag and am now looking at it as a Potential Ascending Triangle that could take it even further beyond the TP target i have plotted on the chart.
Long
by RizeSenpai
1
US30: Sell if this happensWe are currently trading at a pre defined sell zone. There have been opportunities to catch quick moves and I think if we are to see a bigger move down then price action will respect this zone. You can place a runner at this zone at low risk that extends past the 1.272 or the 1.618. This may account for some market volatility. The trade I currently have marked takes a sell at the .786 and has the stop loss extending 150 pips just past the swing high. The 1st target is at the swing low at around 400 pips for a 1:3 Risk to reward ratio. I'm come to the sell bias using the same methods described in previous posts. With confluence on the lower timeframes I gain confidence in the area. Enough confidence to assume the risk my system has established. Levels of Development LLC is providing this material for this site and any other related sources (including newsletters, blog post, 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. In fact, 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 involves risk. Any decisions 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 extend you believe necessary.
UShort
by LevelsArchitect
CHZUSDT 1WInterval - Targets and StoplossHello everyone, let's look at the 1W CHZ to USDT chart as you can see that the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can take into account: T1 = $0.208 T2 = $0.237 T3 = $0.279 T4 = $0.335 and T5 = $0.488 Now let's move on to the stop loss in case the market goes down further: SL1 = $0.192 SL2 = $0.163 and SL3 = $0.103 Looking at the CHOP indicator, we see that on the 1W interval, I have a lot of energy for subsequent moves, and the MACD indicator indicates that we are in a downtrend.
by cryptodailyuk
S&P 500 RECESSION ANALYSIS!EARLIER, i had posted saying if the us markets goes further down what will be there point. (check the link section) lets go on further, recession means what earned everything lost, reached its breakeven point. what profit gained has gone away, with net having no loss and no profit. FIBONACCI ANALYSIS: Fibonacci describes this statement in a very beautiful manner. if the price is trading at the 0.5 level then it is has reached its recession point. although do note that 0.5 level is also a deciding level. okay, i will come to this later. lets talk about this idea that why is the US started recovering. interest rates had started coming down, and the indices are reacting very positively towards it. i have explained to Fibonacci that now the recession has been completed according to this indicator. MOVING AVERAGES(50 AND 100): both the moving averages(50 and 100), are meeting at one point, and they will now repel and move upwards. RSI: yet it needs to give a breakout, but is definitely showing divergence(the two purple lines), relating to price action TREND LINES: THE BLUE TREND LINE: yet needs to be breached, and yes this is the move that will make the break of it. many of the great tech stocks have massively come down, and now they are showing divergence and a good upside move is gonna come. FINAL WORDS: US markets will have a boom in their upside movement, as many of them kept on selling their positions, and such the interest rates have started coming down and will become normal within 1-2 years, so from now onwards the next year will be a great run for the US markets. i will come to my point which i earlier which i had left in the middle, in my previous s&p analysis(link below), i had mentioned if s&p goes further down then recession stage, then at what point will it go down, and what will be the levels furtheron. but since interest rates have started coming down, and mostly all the other economical news has been factored, i say that now there is a great space that us markets can have there bull run, and they will have, because its so clear that markets are tend to go upside, and they are the ones who react at first. thank you.
SP:SPXLong
by raghavchoudhary2016
How to use Fibonacci Retracement ⁉️ ‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines . Usually the price retracts to 50% or untile OTE (0.62, 0.705, 0.79) before another impulse movement occurs.
OANDA:XAUUSDEducation
by Snick3rSD
EURUSD - Short if cross fibo 38,2Resistance at 0.98857 looked at 1hour tf, and a second resistance at 0.98436. We can see we already had two retracements and can be the next consolidation area. However when we use de fibonacci we can look at 38,2% and see a future support there if not crossed, moretheless if cross it, EURUSD will short. The pair already have a strong short position since we have the MACD crossing the 0, and the canes shadows is touching and following the lower BB line. Together we can analyze the moving average, moving away from the middle line from BB. This is not in the screenshot, but if you use RSI and the Stoch in 30m or 1H you'll see the indicators line is going down. RSI is very close from the 50.0
Short
by AFCapital21
2
NZDCADBottom blue levels indicate monthly support. Market reached support, also fulfilled Daily Fibonacci "D" extension. Anticipating market movement towards monthly resistance (after Fibonnaci extension hit market begins new retracement phase). Monthly = Direction Daily = High or Low price 1Hour = entry According to daily timeframe we are at a low price, still forming new Fibonacci "ABC" sequence. Getting early entry on lower timeframe (1Hr) as market is forming higher highs and lows. Also notice the head and shoulders pattern formation at monthly support. Fundamentals in favour of NZD at time of posting this. LOTS of retail sellers in the market as we know most retail traders tend to lose money... Entry: 11:00AM SA time SL: 0.77563 TP: 0.78821 (next resistance) Lot: 0.5
by TradingfortheFuture_
XRP Golden Crossing Inbound PotentialHey crew, sorry for not publishing in a long while, been busy coding trade interface stuff and getting Pythonic So here's a quick update on the crypto beauty XRPaaaay 1. This Fib channel sits nice on a longer term trend and the price action / conformity is pretty snug 2. The 200 EMA could hold but let's face it, XRP usually dumps deep after most pumps and I like the 50 EMA as another good DCA entry with the possibility of a full retrace to the bottom of the Fib channel 3. The 50 could possible cross the 200 and send a buy signal across the boards on a golden crossing. 4. XRP news is fire right now and the whole SEC regulatory thing is sparking things a bit, but keep in mind that price action usually precedes street level news (buy the rumor, sell the news) so be aware of what's really going on. 5. I still think the dark pool lords could wick us all into the abyss but it probably will happen quickly so I have buys all the way down to garage day levels. I personally do not use stops in crypto because of this reason but conventional wisdom says don't do this. Regulators are looking for more and more reasons to ruin the crypto party, squash your gains and invade your life so I would not put it past them to work behind the scenes to zero everyone out and then introduce 1000000 new rules all in the name of "consumer protection" lol. They really do think everyone is stupid. Been scalping over here and this latest pump added some decent quiche to the buffet. Stay frosty friends and catch you soon!
by FudBox
4