Bitcoin Chart Analysis Bitcoin is currently $71,200, and is encountering resistance between $71,180 and $74,000.
I used the Fib Time Zone tool, in combination with Elliot Waves to further clarify the beginning and the end of a bullish or a bearish trend. Coincidently, the time it took for the last two wave to play out was exactly the same (17 days). Bitcoin is in an uptrend at the moment, and as shown on my chart, recently broke above a downwards sloping trendline (Red) -retested it and confirmed as support.
The MACD indicator turned bullish after the retest of the trend-line.
I believe that bitcoins price will continue to rise, as it completes the 5th Elliot impulsive wave. If the price can break above $74,200, I predict a new high between $84,250 and $91,750. If Bitcoin is rejected at $74,200, a retest of $65,000 would be likely.
Fibtimezone
CVNA Long after completed Fib. RetracementCVNA on a 30 minute chart trended up from November post earnings for 6-7 weeks until
December 20th and then started falling from a head and shoulders pattern at the pivot.
The Fib retracement tool is used to draw the retracement of the prior up trend. The Trend
Based Fib Time is used on that prior up trend to show fib levels across time instead of price.
Price is currently at the 0.5 Fib retracement for price and also at 0.5 for the latter tool.
The other indicators show rising RSI, a flip between positive and negative directional indices
and volatility beyond the running mean. I will take a long trade here targeting 52.3 which is
just under a 0.5 fib retracement of the recent trend down. The stop loss will be set
at 42.8 at the level of the reversal narrow-ranged candles. A option trade will be entertained
for the February monthly expiration.
RDFN fintech penny stock pre-earnings LONGOn the RDFN shows the trend up after a massive earnings beat and then the fade down into
this past week. Price is presently situated at the 0.5 Fib level of the retracement of that
trend up. Time is presently at the 0.38 Fib time zone extending from the trend up.
The dual TF RSI shows the lines jumping over the 50 level in the past couple of days.
The ADX indicator shows the ADX+ crossing over ADX- with the ADX+ now over the 20 threshold.
I see RDFN as set for a pre-earnings momentum trade and will also take call options for
the Feb 16 expiration the day after the report ( Striking $8 & 8.5). Of interest, a rate cut
may be getting baked into RDFN.
ALGO - Fib Time & Space Predictions using the Power of PyramidsALGO - Fib Time & Space Predictions using the Power of Pyramids
the length of each segment of the blue rektangles is equal to the time price spent inside of the price range of the pyramid (diamond)
so using pyramids give us knowledge about time AND space
that lower triangle caught my eye a while back and i had to leave it on there
interestingly it lines up well with the fib spiral
the angle of the center line of the pyramid tells us about the ratio of the blue rektangles
the golden ratio
and eureka!
the yellow lines are the fib time tool
the coordinates being the time price spent in the range of the pyramid
exactly matching my blue rektangles
Let's watch how this goes
Nifty Analysis: A Bullish Scenario 🚀Hi 👋
There are always two potentially predominant scenarios possible in the stock market – Bullish and Bearish . Most people involved in the stock market like to read and appreciate the positive side of the market, that is bullish . This is because they always ‘Buy’ and never sell. They don't even sell to take profit 😉
This idea is representing the bullish scenario of the market. I have used minimal tools – Support and Resistance ; Fib Time Zones; Fib Extensions and a self-developed technique to weigh weaker and stronger sides (bulls & bears) of the market.
Let is discuss them one by one 👇
🚀 Fib Time Zones
Fib zones are helpful in analyzing market cycles but in my experience fib zones have always been a hit and miss experiment, as there is no concrete way in which fib zones can perfectly match the market cycles. Theoretically we match previous highs to project the next peek or we match previous lows to project the next trough in a market cycle.
On this chart I matched the highs of Feb 2021 and Oct 2021 and found that it perfectly projected June 2022 low (marked by Fib zone 3). If this projection is correct and continues then there could be a high (I am saying ‘high’ because we are discussing bullish scenario) near Mid Feb 2023 (Marked as Fib zone 4). This may hold true as long as market trades and sustains above all-time highs.
🚀 Support and Resistance
When I say all-time highs (ATH), it means 18600 ( ish ) levels. Normally these levels stand as strong resistance, because sellers get active taking profits or shorting near those levels. As of now those levels have not been tested by Nifty (spot).
Secondly, there was 18100 level which acted as strong resistance in Apr 2022 and Sep 2022. However, the reaction in Sep was much less compared to the reaction in Apr , which is good for bulls. In Nov, market breakout of this resistance and also tested it once in the later half of Nov.
The test was held, means buyers had an upper hand, and previous resistance (18100) acted as support. Eventually, market resumed the trend established from Jun 2022 lows.
I would personally like to see the market break and sustain above ATH (18600 or so) for it to achieve our projected targets.
🚀 Fib Extension
Fib extension is an effective tool to project markets next move or targets. There are different methods used by different traders or investors or mentioned by different authors in their writeups. Most popular ones being 1:1 extension, 1:2 extension and the ones that conform to the Elliot wave principles.
Measured move:
If I measure the move from Jun low to Sep high and project it for a 1:1 target, it gives us 19650 as the target. This can be taken as a medium-term bullish target for the market.
Elliot:
According to Elliot , 3rd wave can not be the smallest. If I take move from Jun to Sep 2022 as wave1 and late Sep correction as wave 2 then wave3 should be larger than wave1, that means beyond 19650.
Wave3 extension can go up to (1.618 x wave1) or higher. If I take 1.618 extension then wave 3 targets for 21450 (quite ambitious though). We can take it as a longer-term target for investors.
Cup & Handle
Thirdly, if you look carefully there is a cup and handle continuation pattern. This can be made by joining Apr high, Jun low, Sep high and Sep low. The blue Support and Resistance line shown on the chart would be the neckline for this pattern (and is breached positively). The target for this pattern comes out to be = 18114 + 15183 = 21045.
This gives us a zone from 21000 to 21500 as a target for long term investors.
Will the market hit the long-term target on Mid-Feb 2023 Fib zone? Or will it hit the short-term target 19650 at that time? This question should remain open for discussion in the comment section.
🚀 (Bravo) Momentum Technique
There is nothing much fancy in this technique than the Price and Time based analysis. I analyze price waves through the lens of time to measure momentum of the market.
Technical charts are drawn by taking Time on X-axis and Price on Y-axis and this helps in tracking the price moves. I take help of these price moves in identifying bullish and bearish trends.
As a general rule of thumb if the price is taking less time recovering a bearish move then there is bullish momentum. This means bulls are still stronger than bears. The opposite is also true. If price is taking more time to recover a corrective wave then bulls might soon lose ground.
To make it simple, I have drawn red and green rectangles. The red rectangles encase bearish waves and the green ones encase bullish waves. There are two important things that you need to observe – height and width of the rectangles.
Normally height of two adjacent rectangles ( bearish and bullish recovery waves) would be the same. So, it the width that is more important. The width represents the number of days the market takes to complete a wave.
As long as the width of green rectangles is less than red ones, the momentum would be bullish . Normally we see bullish momentum in an uptrend, so there are greater chances that the trend would stay on the upside.
The opposite is true in case of downtrend.
You can see in the chart that although the market was making lower lows from Oct2021 to Jun2022, the width of green rectangles is less compared to red ones. Or you can say that market had been taking lesser number of sessions to recover a down move. This means that bulls were more active and were interested in accumulation at the lower levels (see number of sessions/bars under each rectangle ).
This signals a positive momentum in an uptrend and hence higher chances of the trend to resume.
This method is useful for investors as well as traders. Investors can apply it on higher timeframes and traders on a lower-timeframes, for analyzing, confirming and riding trends.
I hope you learnt something new from this post.
Now do me a favor and hit 🚀 so that I can push myself to write more.
Your thoughts are welcomed in the comment section 👇
Have a great life 👍
📢 Disclaimer: The views are personal and for educational purpose only. It should not be considered as an investment or trading advice. Please apply your own due diligence before investing your hard earned money.
ETH analysis|Harmonic Patterns | Fibonacci|Gann |Time LengthHarmonic is the name given to a whole of compatible parts that complement each other. The term Harmonic is used in music,mathematics,physics and many other sciences.
We also use harmonic patterns in investment strategies. For example, in music, chords are standard patterns. Or radio waves with certain frank as between in physics.
In the stock market, we find these frequency levels with fibonacci measurements. Fibonacci works even in music, painting, physics. Because fibonacci is not an equation formulated by research, but nature itself. It's the way the universe talks to us. Here is a form that has become a picture of fibonacci frequencies that speak in harmonic patterns.
That harmony never breaks unless some greedy investors break the chart. We can see pulse variations in every harmonic everything that matches the Fibonacci harmony.
Everything always has a pulse. In a person's heartbeat, in the stars, in radio waves, in music, and everything else. The more regular these pulses are, the healthier we can think of that thing.
Voluminous coins are difficult to manipulate. Therefore, indicator signals flow harmoniously at all times. These signals are the pulse of that coin. If the signals are broken, the coin is either very excited, its emotions are mixed, or it is about to become sick. With Harmonic patterns, we can examine this coin, and with fibonacci data, we can say something about what it is by looking at its medical tests. We can listen to coin heart with sine waves. We can take an X-ray with the Gann data.
Candles, on the other hand, are gestures and facial expressions of this coin. It allows you to immediately see their grumpiness or happiness, or to understand if are on special occasions. :)
Now let's examine ETH.
to ETH's daily timeslot, Navarro drew or shark pattern. I think it was a shark. I expected it to turn down in previous analyses. But he got too excited and kept going up. According to my previous analysis, TP levels of ETH were 2900$ and 1760$ in price. But ETH didn't listen to me, pursuit BTC. :) Thus, only TP 1 of the shark pattern was able to reach its goal.
If we examine it as a month, we see that May 2021 is a hit-and-run. As if there was a big manipulation. We don't know, we'll look at the indicators.
The number 0.618 is the friend of the number 1.618 and the number 0.382 is the friend of the number 1.27. If measuring Fibonacci from the peak in May is not a mistake, the next target point will be 1.27. That's $ 5,500. But when I do the fibonacci measurement from $ 2790, we see a support at 0.618. In this case, the price target changes to $ 4500. This to me makes more sense. When we make a measurement decidedly ignoring manipulation, I feel as if the target that should be is more accurate.
Already Rsi data is now at the level of 80 . This should be equal to 99 at 1.27 levels. That didn't make much sense to me either. Completing 90 I with 1,618 levels will be healthier.
Looking at the weekly price levels of the shark pattern that we mentioned earlier, this time we meet with a different pattern. considering that this formation will be completed after a long time, we should not ignore the possibility of support to 1200 price levels in the future.
When we do a 4-hour review, we again encounter a harmonic pattern. Whether it's gartley and butterfly , we can get as much as $ 3700 if we agree that both will extend to 1,618. We can think of the return level as 3500.
I use the Gann box as a time measurement tool. It usually works well. But if you know where to look
Let's look at this time business as a bit of a wave with the Fib circle. we see prices peaking when fib breaks the 0.618 time wave.
Trend worked correctly with fibonacci levels of 0.618. And in the future, if this measurement works correctly, I expect to see $ 6400 in 1.618 fib time and 1.618 fib levels. Are you asking about date? 26June 2020 :) If i can do the date analysis correctly and 26 june the etherium is $ 6400 , you're invited to my birthday on June 26th.
Note:This is not investment advice.
USDZAR - Long Term Lookout ForexHi Everyone
Been a while since I've posted on my account here! I felt like doing something different today (other than crypto) after someone asked me about USDZAR / Forex.
Even if you're not into this specific trading pair, watch the video anyway, I mention some really interesting points that you can apply to your other chart pairs like fib time zones etc.
The Fractal / Wyckoff Method:
The Fractal demonstrating effectiveness of Fibonacci for time zones:
The new fractal and accompanying Fibonacci time zone:
Watch for 3 price targets before Feb 2022.
Let me know your thoughts below,
BlockTechEv
fib time zone prediction for btcthe fib time zones have been pretty accurate at predicting pretty substantial moves down to practically the hour. i know because ive traded the last two and it worked out very well. generally about half way through the trend reverses again, just to reverse yet again at the next fib. just a rough prediction of possible price action based on this, and incorporating my upside price targets should the wedges and triangles play out according to TA. nothing in depth at all and of course it could go the other way, i just drew this for fun assuming it would follow the same pattern it has been so far
BTC Triangle in LogLooking at the current BTC downward market structure in log, here are some observations.
Purple fan lines extend from last year March low. The white channel fits perfectly between the two most outreached tops, and 4 bottom major wicks down since April. Most recent local wick down landed on the bottom of the triangle (log) and local structure .618. Major trend lines were bisected forming several potential triangle phases. Local fib time seems to hit on or near major moves, 8 looks to line up with the next potential triangle phase end.
When will it break, and which direction?
Imo, it will have to go down below $29K, before it continues back into a bull market structure. If it breaks upward, this may be a fakeout, acting as a UT or UTAD. Watch for another crash down, acting as a redistribution phase.
Some levels to look for on a break up, before another major turn down redistribution scenario:
CME gap needs closing around 49100.
Any of the major top yellow triangle phases trendlines as resistance.
$50K (psychological)
If it breaks downward below $29K first, this would look like an overall bullish move imo, taking out some lower levels, before springing upwards acting as an accumulation phase.
Fractals Across Crypto Reveal CRV's Future To understand CRV's future price action, we have to understand alts across crypto are fractals of each other that play out at different times.
Here is a Fractal that occurred with OMGUSD that played out perfectly which I posted before,
Many other coins in crypto played out very similarly to OMGUSD, apply my fib concepts and see for yourself. With that in mind, I am simply applying this concept to CRV and see that price action from Pump #1(Nov 2020 Pump) is eerily similar to Pump #2( Dec 2020-Feb 2021).
We see that pump #2 lasted a little over 2 months. Using Fib Time zones we see that the green line pointing to the upcoming Pump #3 (Top of Pump #2) is also predicted to have a similar duration as Pump #2. Using Pump #1's and #2's Fib Levels, we can see that Pump #3 would take us to $20.
What do you think? Post your best fractal plays, I would love to see what you guys come up with and the patterns you see using my concepts.
9 Month Accumulation Ends in a WeekThe highest volume happened at around the $3.2 mark. We could go there again before the fib time zones show us a big move is imminent in the next week. Trend based Fib from the first mega candle from $5 to $30 to the lows at $0.30 shows that the golden pocket is around the start of the double digits.
Get ready, 9 month accumulations on a coin that has a higher TVL than Uniswap now but is still 20x from the same Market Cap/TVL Ratio as Uniswap will most likely have a crazy violent breakout. Viewer Discretion is Advised, the following material is for Mature audiences Only
TATA Motors 2021 complete projection with time speculation Hi
as earlier we had analysis the TATA motors I have made a complete analysis base on Fib and Price Action and Fibonacci time projection to project the times to see the market at a specific price.
we have some fundamental news that the said company is starting an electric section which is a revolutionary action and decision in the Indian car market industry which is a good sign and signals the growth in sentiment of this share.
i will update it periodically
please comment your ideas for us here
SBI 13/01/2021 updated after 1St TP achievedHi
this analyze is base on my preview video analyze of the same ticker
www.tradingview.com
as we can see our first target was 300 to 310 Rs which we had achieved and now we are crossing the 161.8% fib projection which is also called as extension zone in Fibonacci jargon and it gets interpreted that once we touch this zoon after crossing the 127% of the same fib, then we can expect the trend to reach the 261.8% of the same fib projection which I have specified with the TP Zone Box (350Rs)
we may have a renege and consolidation period as we are breaking trough a tough resistance zone which i have specified with the red box.
or a little bit correction to 127% of fib but the ultimate target is to cross the resistance zone and hitting our target price of 350Rs
please comment your opinions