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Goldenratio

GBP AUD - rejection of 4hour 61.8% FibonacciHello analysts and traders, Here is a nice opportunity for buys which has happened this morning European session; What happened? well from the low to the high, take your fibonacci retracement tool and plot the 61.8% zone where we anticipated the buys. GBP still has bullish potential here to climb into 1.8XX The rejection happened nicely at 1.78 as expected. This pair has a nice liquidity zone so when entering be aware of a larger stop loss in comparison to other pairs. here is the updated daily perspective See our previous idea below; See the AUD USD Technicals to assess. We have a nice technical sell of yesterday but with the AUD USD rebounding in a negative light, the GBP has entered the supply again with a boost from the risk-off aversion. From the chart below, watch out for the fresh daily zone which has not been truly tested yet. , this has now been tested and rejected from the zone as expected. The main buy and hold area; 1. Zone 1: - inefficiency we will be looking at a test of the order block, movement away to keep shorts flowing to keep the imbalance moving towards the zone of a 1.72 redistribution, liquidity to show bears further short options before the lows. From here we will expect a spring and a test of said springs. A rejection will occur and then see accumulation phase of price hitting the target on the AUD USD with bullish Aussie. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise and clears your mind. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Regardless we will continue producing analysis. Thanks, Team LVPA MMXXI
Long
by LupaCapital
2
Magic 0.618 — Bitcoin Bull Trend 2019 vs 2020/21 Hello! Bitcoin price seems stuck at 20k resistance zone. But here is a beautiful thing I have found on the chart. Current price action can be compared to 2019 rally. I showing beautiful fractal, and what important is — the number 0.618. You may find I put Fibonacci retracement on the right screen in 2019 chart. The Fibonacci ruler put between swing high and low (number 1 at support line), and magic is 0.618 point (golden ratio) sets exactly at touch number 3 on resistance line, and the numbers are not random. I think I noticed similar sequence of touches to the trend line Blue and Red, and marked them with numbers. So the same analysis I send to the left screen on 2020/21 chart, and it following same sequence of trend lines touches and I was wondering to put 0.618 Fib ratio from touch 1 at support line, up to 3 touch on resistance, and I get number 22000$. I think it could be possible next swing high. So now we can take our decision to take next trade according to our risk management. Let luck be on our side. Best regards, Artem Shevelev
BITMEX:BTCUSD.PLong
by ArShevelev
5
Trend Trading Techniques and Strategy!!! In a strong trending market, it is important to find entries at the high probability zones i.e. Fib Retracements. Ideally within the .382 - .618 zones. It may be tempting to enter the market during a period of strong momentum, but itmust be known that every strong trend contains correction phases, this is where you capitalise on the trend momentum. Entering the market mid-impulse can work occasionally and can be misleading to the beginner trader, over a long period of time this just wont work(All profitablilty and success of a trader comes from a long period of trades/ time trading, one trade does not determine success). Once price has corrected to the ideal Fib zone, you can now look for an entry setup to capitalise on the potential momentum shift and continuation of impulse.
Education
by adamhylandnew1
2
The Magic of Fibonacci Numbers - Golden RatioAn Easy To Understand sequence represented as 0 1 1 2 3 5 8 13…. where each number is the sum of the preceding two numbers, with the series starting from 0, 1. But, did you ever realize how magical these numbers are? Fibonacci numbers appear in so many contexts in our lives and surroundings, for example, the number of the petals in a flower, the seed heads of a flower, paintings, and a lot more. In fact, the beauty of a human face is based on Golden Ratio whose nth power forms the nth Fibonacci number. (the nth Fibonacci number is 1.618n where 1.618 is the Golden ratio). These numbers display a lot of magical patterns. Given the Fibonacci numbers: 1 1 2 3 5 8 13 21 34 55 89… Let’s square these numbers: 1 1 4 9 25 64 169……. The addition of two Fibonacci numbers gives us the next Fibonacci number. But, What’s so special about their squares? Look closely to see that the addition of the 2 consecutive numbers from this squared series of Fibonacci numbers would give you alternate Fibonacci numbers. Let’s realize this: The squared Fibonacci series is 1 1 4 9 25 64… Now, 1+1 = 2 1+4 = 5 4+9 = 13 And, so on.. 1 1 2 3 5 8 13 21…… Let us now add more than 2 numbers of this squared series increasingly. 1+1+4 = 6 1+1+4+9 = 15 1+1+4+9+25 = 40 1+1+4+9+25+64 = 104 These do not seem to be Fibonacci numbers. But, if you analyse closely, you can see that these numbers enclose hidden Fibonacci numbers. 1+1+4=2* 3 1+1+4+9=3*5 1+1+4+9+25=5*8 1+1+4+9+25+64=8*13 But, why is it that? 12+12+22+32+52+82 = 8*13 Area of this rectangle = sum of the areas of squares inside it = 12+12+22+32+52+82 Also, Area of rectangle = length*breadth = 8*(8+5) = 104 which proves that 12+12+22+32+52+82 = 8 *13 If we continue this process of merging these squares to form rectangles, we can get rectangles with dimensions: 8*13 13*21 21*34 34*55 55*89…. If we divide the dimensions of these rectangles keeping the larger dimension in the numerator, we end up with these figures: 8*13 => 13/8= 1.625 13*21 => 21/13 =1.615 21*34 => 34/21 = 1.619 34*55 => 55/34 = 1.6176 55*89 =>89/55 = 1.61818 As we continue dividing the dimensions of larger rectangles, we would get close to 1.618033… which is defined as the Golden Ratio. This Golden Ratio particularly is of great interest to mathematicians since it holds great significance in our surroundings and environment.
BITSTAMP:BTCUSD
by CryptoNinjaAnalyst
2
NAS100 Tech Index Bullish OutlookThe NAS100, an index consisting of the 100 largest tech companies on the NASDAQ exchange, bounced off the 0.618 fibonacci retracement line, also known as the Golden Ratio. It seems that the recent tech slump has ended, in the short term. Although it's true that a corona vaccine is bullish for other stocks, it doesn't mean we will stop using tech companies anytime soon. Consider resistance 1 and resistance 2 as good short term areas to exit your long position. If we make new high's in the coming week, my guess would be that a new bullish trend will start till the end of the year.
OANDA:NAS100USDLong
by FieryTrading
Ark Innovation ETF Retracement PlayIf ARKK top was around $105/share. Using fibonacci retracement I would expect long opportunities to open up starting possibly around 0.5 fib (approx $70.00/share) and more likely around the golden ratio around 0.618/0.65 fib (approx $60/share). The golden ratio also corresponds closely with the 200 day ema on the 2D chart which should act as a strong resistance. Please share your opinion and/or challenge mine. The content shared is for educational and informational purposes only and are not providing specific financial advice or recommendations for any individual or on any specific security or investment product. Not Financial Advice.
AMEX:ARKK
by trading2835
6