SPX. How scary or simple is this, "Algo" "science" "Coincident"!We are just setting on top of 50 % Fibs retracements !!!
- Fibonacci retracements are based on the key numbers identified by mathematician Leonardo Fibonacci in the 13th century. Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series.
- In technical analysis, a Fibonacci retracement is created by taking two extreme points (usually a peak and a trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%.
- Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels.
-A Fibonacci retracement is created by taking two extreme points on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%.
Fibs
Predict What's Next... My Guess?🤔💭🚀My guess is after a little consolidation in the triangle BTC will drop back to about 55500 for the least and at the worse 50000 from here. Then if you scroll up the chart you will see all the key stops from here up to 60K. I'm not gonna get into all the numbers just look at the chart.... its late! Good Night I will see my Risk Takers in the AM!
What a better day to talk about $HUT. Lets hike these BTC coins out the roof so we can get into some of these crypto stocks! So we had a gap from a few weeks back when the market dipped. Well we filled the gap and now have opportunity on the upside. We are definitely bullish here alone on the side of crypto, which could only mean good things for $HUT. According to the Fibs this stock should have a break to the 1.618. Pay attention to the direction of BTC and follow the leader. Mining stocks will 50x-100x when BTC 10x's (roughly). Also my advice to you is to get familiar with crypto stocks and companies investing in them they are all about to explode!
THIS IS NOT FINANCIAL ADVICE! THIS INFORMATION IS FOR EDUCATIONAL AND ENTERNTAINMENT PURPOSES ONLY!
Post COVID Bull Market Fib ConfluencesSo as i was getting prepped for my weekly video i created this chart and figured i'd share. It's a fib analysis our entire posrt COVID bull market mainly focusing on major pivot lows and the top we printed a few weeks ago. The rectangles and fib confluence zones, or zones in which one could expect to find support based on the Fibonacci sequence. I mainly focused on .618 retracements as well as 1.618+ extensions. We've already found our way through one of them labeled in red, and Friday had wicked the second zone labeled in yellow. The first level was our first real support area before losing it last week. Fib wise it consisted of three .382's, a .5, and a .618. The one we're currently bouncing from consists of two .5's, one .618, and a .786. This chart is not suggesting a retest of the COVID lows, just a pure analysis of the fibs i have on the chart.
Normally i add the addition of trend based fibs and work of off the intraday timeframes as well, but for ease of use this is only fib retracements and their subsequent extensions form major pivot lows to the top printed 09/02.
Obviously this is to be used with other forms of technical analysis including volume profile and just standard price action analysis including support/resistance. More often than not you'll find that they all have a tendency to land at or near the same levels. If you're not familiar with the fiboonacci sequence or do not implement it into your day to day work cycle i highly recommend it.
EURJPY: Looks Bearish Now! Let's Drop! 🇪🇺🇯🇵
And now I got my confirmation to short EURJPY.
Testing the intraday resistance cluster the price formed a double top formation with a lower high.
With its neckline breakout, I expect a bearish move.
Goals:
128.4
128.0
❤️Please, support this idea with a like and comment!❤️
MORNING CHART REVIEW: 8/23/21Yet another potential scallop.
Seems to be a scallop and wedge with some divergences showing up on the 1hr.
If it holds true, it could take a while to break, regardless of direction.
I did find some divergences of the bullish variety, so we will see how those play out.
I will publish this chart so you can watch it at your leisure.
ADA will top out at 3.86By front running where a potential 0.618 fib pullback would come to on ADA we can set a target of 3.86 if the 0.618 bounce will be at the last support zone.
Pure speculation though this has worked in the past and may help to build more confluence to try and get a nice target to sell at.
The smart contracts will be a sell the news event as the demand for the token will be low compared to coins like BNB and Solana as it takes time for the humans to feel comfortable to trust a new platform that has not been battle tested live.
MORNING CHART REVIEWS w/ a WARNING : 8/20/21This video goes over the charts we have been looking at on the streams.
We see a bunch of 1.618 fib targets got knocked out.
But we also see some warning signs of a pullback, and some of them are a bit creepy.
I end it with a moonshot chart just for funsies.
See you guys in tonight's stream, we'll go over whatever happens today and make some new charts. FUN!
LATE NIGHT REVIEWS: A Plethora of ChartsIn this video I just quickly go over all the charts we looked at in the stream today and a couple new ones.
Main takeaway is the bullish divergences on the daily chart, the high timeframe channels, and wedges, and the fun rounded-top/scallop chart.
Hope this was helpful, I just wanted to get these charts out without too many tangents or extra analysis that takes away from the charts observations.
Tomorrow we will do a stream where we look at these again, make changes, and then toss a bunch of indicators around.
Bullish on ACMRIt seems it is bouncing perfectly from the .618Fib which coincidently matches the lower bollinger band right on the 200EMA. I mean, you have your confirmations right there, the only thing stopping it is volume from the resistance level at 91. Will it moon if it breaks that?... um doubt it since there's another wall at 104-106, however, tis will be the second attempt in a while to break it and the volume seems to be picking up!
EURGBP: Preparing For a Bearish Move 🇪🇺🇬🇧
Very important thing happened on EURGBP last week.
The price broke a year's low and set a new one confirming the predominance of bears.
After a retracement, the price is stuck within a peculiar daily supply area:
0.85 - 0.852 is our potential sell zone.
To sell with a confirmation, watch a horizontal decision range on 1H.
You need the breakout of its support (at least 1H candle close below) as your trigger to sell.
Intraday goals will be:
0.848
0.846
In case of a bullish breakout of the range,
the setup will be invalid.
❤️Please, support this idea with a like and comment!❤️
HAPPY RACCON: CHART REVIEWS: 30 min, 1 day, 4 hrThis videos main focus is on the 30 min chart I am currently watching, as well as some observations on the daily chart and the 4hr timeframe.
Why am I happy? Because I can now stream, which means I can freestyle explain and analyze, and then consolidate and streamline that info from the stream into a summarized 20 min video idea.
I did 2 streams last night, there was some technical difficulties, but I did go over divergences, and today I should be getting around to making a well thought out 20 min video on divergences, and eliminating all the tangents I love so much.
Hope this video was helpful, thanks!