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Goldenratio

GBPAUD : LONG TRADE IDEA (150 PIPS REWARD)GBPAUD is looking bullish as buyers are strongly holding the 61.8% fibonacci level, Hopefully bullish sentiment continues with this momentum and drive price upwards towards 1.95900 level(TP level). Price could find its way back to 1.97500 in coming days maybe. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Long
by Tim298
Bitcoin : The beauty of Golden ratioHello fellas, welcome to the another day of the uncertainty and flatness for bitcoin. As a mother of all cryptocurrency, it's very tense that the price is moving with a lot of uncertainty and doubt. Now, I want to acknowledge you all with my current bitcoin bias which is very important. First of all, I want to explain about the golden pocket. The golden pocket is the area between the .618 -.65 on fibonacci retracement. And the .618 itself is also called golden ratio, It appears many times in geometry, art, architecture and other areas including trading. Whenever the price is touching this golden ratio zone, you must respect it as a major support or resistance because that's how trading work. You can't go against this golden ratio otherwise you'll keep losing. On the chart attached, we can see that on current down trend moves, there are 3 impulses moves and 3 corrective moves. On every impulse moves, I give the series of swing high and swing low, This labeled point is where I connect the fibonacci retracement to measure the corrective wave target. And on the 1st and the 2nd corrective waves, the top of corrective waves end up with a wick at these golden pocket range! is that a coincident? very interesting! Now, I want to show you at the 3rd series of impulse and corrective waves, It's where we are right now. The golden pocket zone is above the white resistance trend line. But, current price action shows us there are a lot of uncertainty and fear which make the bulls losing momentum slowly. The corrective waves 3 is trending slightly below 0.5 fibonacci retracement level. But, there is still opportunity for the price to have a spike to golden pocket zone although relatively small. The consequence if the price fails to break this 0.5 fib levels as resistance, we might see a horrific down trend moves and potential lower low. This is simply because we see the bear are in complete control over the market with the momentum of correction wave is diminishing from .618 to .5 fibonacci level. I just can say, stay away from bitcoin right now. Longing at resistance is not a good idea, but shorting without the confirmation of lower L and lower H clearly is not wise. Although I'm on bearish sight, I'm still lack of confidence to open any position right now.
BITFINEX:BTCUSDEducation
by julio24albert
1
Trading set up for bitcoinHello fellas, happy weekend to all of you. Once again, our analysis has came true and we can see that in the last few hours the price of bitcoin has going down of more than 3% and it is now testing the current phenomenal support around the golden pocket zone . If the price can break down of current support, I will open a short position with current set up applied on above chart. Risking for around 4% loss and targeting the huge 14% of going down will produce a perfect risk to reward ratio around 3.62 . This RR is pretty acceptable with high probability set up.
BITFINEX:BTCUSDShort
by julio24albert
A peek into the pastMATICBTC neatly moved in a Fibonacci Channel and fell down to 100% bottom of that channel. Two detectors predicted the top Golden Ratio Top Detector (UO_GRFM) Mayer Multiple Golden Ratio Top Detector also showed the potential bottom correctly. Future? As long as it coasts above SMA350/6h, I will consider it a bullish opportunity and keep collecting. Also note that is about to jump to an upper Fibonacci channel(78.60%) from 100% channel-- very bullish if this happens
MEducation
by umur.ozkul
ORBEX: DXY Looking Impulsively Bearish After Golden RetracementThe US Index correction up to the 61.80% Fibonacci retracement of minor waves 1-3 missed the 98.66 low of wave 1. This means that the current structure can be still considered impulsive. With bears pushing prices down sharply, the chances of reaching fresh lows for the completion of minor wave 5 are increasing. This scenario could be validated below minor 3's low at 97.10. Should that be the case, the index could extend its losses anywhere down between 95.50 and 96.34! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
TVC:DXY
by Orbex
Bitcoin: orange coin at orange lineFor our first post, we're keeping it simple and taking a look at BTCUSDT on the weekly chart. Technically, we are very bullish on the 'orange coin' due to Market Structure & Fibonacci levels. Orange line 1 The huge run-up we had in 2019- creating higher highs and higher lows (on lower timeframes), topped right at the first 'orange line' at $13970. This is the Fibonacci 61.8% retracement level of the prior 2 pivot points (2017 December swing high, down to the 2018 December swing low). The 'Shooting Star' Candlestick Pattern printed in June was accompanied with climactic selling volume- a bearish combination. But, based on effort vs result- the reaction would be considered weak. Orange line 2 What followed since the 2019 climax high, was the slow corrective move pushing Bitcoin back down to the next 'orange line' around $7270. This is the Fibonacci 61.8% retracement level from the swing low ($3150) to the yearly swing high ($13970). We didn't quite reach the level, but the very high volume reaction indicates possible front running. We anticipate this yearly 'Higher Low' to hold, and predict breaking higher out of this internal structure. Our first target before re-evaluation is around $16000. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** Moondrops
Long
by MoondropsApp
BTC | 5 Possible BTC EntriesTraders, all is not lost. Seems like we have experienced the breakdown in the triangle formation from the past few months. That 20% drop in price 2 days ago was well...crypto at its finest. BUT as well all know...opportunities are made in times of turbulence. Listed below are 5 possible re-entry points into BTC: 1. 9478 represents the 0.382 Fibonacci support level we have relied on during the triangle formation. But that was broken through. hard. If prices bounce back through it, look to buy back at that price. 2. 8349 | Prices for the past 3 days have been bouncing off the 200 D SMA. Looks like a good support level for the time being. 3. 7555 | This was the support level felt from June 4 - 10. Large possibility that prices could use this as support once again. 4. 7022 | This level represents the 0.236 Fibonacci support level. Buy here if you believe in the Golden Ratio 5. 5408 | This level represents the worst case scenario of the triangle breakdown. Let me know your thoughts!
BITSTAMP:BTCUSD
by jiamijiang
GOLD - Pull back expected to 1450 - H&SHello Traders, The USD gained a lot of strength early hours this morning during Trumps speech. Trump suggested he was positive on making a deal with China, Japan and the UK after Brexit. GOLD dropped due to decreased demand of safe haven assets. The head and shoulders pattern is suggesting a break towards the 61.8% FIB level at roughly 1450. This is also aligned with the previous resistance levels. We will look to go long from 1460-1450. the meeting between Trump and China is in October, if this does not go to plan, safe haven demand could increase. GOLD is in a bull run, therefore we will not be shorting but preparing to buy in the dips. The trend is your friend. If you are new to trading download our FREE beginners trading guide. www.forexstoreau.com Let us know your thoughts below!
TVC:GOLD
by ForexStoreau
2
The Golden Ratio Multiplier - by Philip SwiftBy Philip Swift Disclaimer: Nothing contained in this article should be considered as investment or trading advice. As Bitcoin continues to progress on its adoption journey, we learn more about its growth trajectory. Rather than Bitcoin price action behaving like a traditional stock market share price, we see it act more like a technology being adopted at an exponential rate. This is because Bitcoin is a network being adopted by society, and because it is decentralised money with limited supply, its price is a direct representation of that adoption process. There are a number of regression analysis tools and stock to flow ratio studies that are helping us to understand the direction of Bitcoin’s adoption curve. The new tool outlined in this paper brings an alternative degree of precision to understanding Bitcoin’s price action over time. It will demonstrate that Bitcoin’s adoption is not only following a broad growth curve but appears to be following established mathematical structures. In doing so, it also: Accurately and consistently highlights intracycle highs and lows for Bitcoin’s price. Picks out every market cycle top in Bitcoin’s history. Forecasts when Bitcoin will top out in the coming market cycle. To begin, we will use the 350 day moving average of Bitcoin’s price. It has historically been an important moving average because once price moves above it, a new bull run begins. miro.medium.com The new insight comes when we multiply the 350 day moving average (which we will refer to as the 350DMA) by specific numbers. Those mathematically important numbers are: The Golden Ratio = 1.61803398875 Fibonacci Sequence = 1, 1, 2, 3, 5, 8, 13, 21… You can use these hyperlinks if you need a refresher on the importance of the golden ratio or Fibonacci sequence in nature and mathematics. But we see them consistently throughout life whether it is in the pattern of how plants grow, the structure of hurricanes, or even trader behaviour in financial markets. Building the cyclical layers We will start with the Golden Ratio of 1.6 (rounded here to one decimal place). If we take the 350DMA (orange line) and multiply its value by 1.6, we create a new line above it, the 350MA x 1.6 (green line). We then discover in the chart below how this newly created green line has in fact acted as support and resistance throughout Bitcoin’s history, examples of which are highlighted by the arrows on the chart: miro.medium.com It is also worth noting that the 350DMA x 1.6 line acted as resistance in the parabolic price move from the Dec 2018 low. Rejecting price perfectly on the first touch and causing a $1,500 pullback before approaching it again and likely breaking through at the time of writing: miro.medium.com Things become more interesting when we then start to multiply the 350DMA by each number in the Fibonacci sequence: 1, 2, 3, 5, 8, 13, 21, etc. Given that multiplying the 350DMA by 1 would not change its value, we start with the next number in the sequence, which is 2. So we multiply the 350DMA by x2. Which is the red line in the chart below: miro.medium.com Again, the arrows highlight examples of where we see it act as a major level of support and resistance throughout Bitcoin’s history. As a trader or investor this, as well as the other multipliers, makes a potentially very useful short term take profit signal when price first reaches it. The next number in the Fibonacci sequence is 3. So now we multiply the 350 day moving average by 3. 350DMA x 3 is the purple line in the chart below. We see it acted as particularly strong resistance towards the upper stage of the 2017 bull market, with price unable to break above it on 5 separate occasions: miro.medium.com Using those three moving average lines (350DMA x 1.6, x2, x3) has allowed us to pick out almost every single intra-cycle price high in Bitcoin’s history. The next numbers in the Fibonacci sequence are 5, 8, 13, and 21. Remarkably, when we use these multiples of the 350 day moving average, they pick out each of Bitcoin’s market cycle tops going all the way back to the first price bubble in 2011. They are shown as dotted lines here: miro.medium.com 350DMA x21 = 2011 top 350DMA x13 = 2013 top 350DMA x 8 = 2014 top 350DMA x5 = 2018 top Practical application As with any indicator, the Golden Ratio Multiplier should not be used in isolation, but it does offer a risk management opportunity. Using the previous cycle as an example, if one had bought the breakout at the 350DMA and then taken profit the first time price reached the x1.6, the x2, and the x3, buying back lower each time, that would have been a very successful investment strategy. One could then have sold the top of the market as price touched the 350DMA x5. If Bitcoin’s market cycle tops continue to follow this declining Fibonacci sequence, then the next market cycle top will be when price hits the 350DMA x3 (purple line). Why does price obey these levels? We know that Bitcoin goes through multi-year market cycles which are driven by over-optimism and over-pessimism. The 350DMA appears to be particularly relevant to those market cycles as to date it has been the axis that the cycles have rotated on. Given that market psychology (of over-optimism and over-pessimism) is a major factor driving these market cycles, it is plausible that part of the reason why Fibonacci multiples of the 350DMA are so important is due to how herd mentality responds to price action: In many cases, it is believed that humans subconsciously seek out the golden ratio. For example, traders aren’t psychologically comfortable with excessively long trends. Chart analysis has a lot in common with nature, where things that are based on the golden section are beautiful and shapely and things that don’t contain it look ugly and seem suspicious and unnatural. This helps to explain why, when the distance from the golden section becomes excessively long, the feeling of an improperly long trend arises. Understanding Fibonacci Numbers. Dima Vonko, Investopedia, 2019 Whatever the reason, the tool highlights the cyclical nature of Bitcoin adoption and the flattening of its growth trajectory on a log scale. Bonus: picking market cycle tops to within 3 days Using the x2 multiple of the 350 day moving average along with the 111 day moving average provides us with a different market cycle indicator. When the 350DMA x2 crosses below the 111DMA, Bitcoin price peaks in its market cycle. Over the past three market cycles, this has been accurate to within three days of Bitcoin price topping out: miro.medium.com This will be something worth monitoring in the latter stages of the coming bull run. It is also of interest to note what 350 / 111 equals: 350 / 111 = 3.153 Which is very close to Pi. Pi = 3.142 It is, in fact, the closest we can get to Pi when dividing 350 by another whole number. Conclusion The Golden Ratio Multiplier will be a useful investment tool in this coming market cycle for identifying areas of take-profit as price approaches the multiplier levels of 350DMA x1.6, x2, and x3. Assuming the Fibonacci sequence countdown continues to play out, the 350DMA x3 will signal the top of this coming market cycle. The tool can also signal market tops when used alongside the 111DMA. But arguably more powerful than these investment and trading benefits is the ability to demonstrate how Bitcoins adoption, and therefore our herd behaviour as humans, is following mathematical structures. Via its price action, Bitcoin is offering us the opportunity to view free market adoption in real time, revealing how humans adopt at scale. Which is a beautifully humbling phenomenon to observe. Thanks to Willy Woo for his assistance with the Golden Ratio chart layout aesthetic. To use the live chart of the Golden Ratio Multiplier follow me on Twitter where there is a link to it in my bio. It is free to use and doesn’t require sharing any personal data. I’ll be sharing more tools via Twitter in the coming months. All rights reserved Philip Swift Article Link > HERE
BNC:BLX
by ferGOD
1
Descending Triangle BreakdownIt may happen tomorrow or it may string us along until the end of the year but it would seem this descending triangle has the potential to drop back down to support from LAST YEAR'S descending triangle. If this takes as long as before and we end up consolidating well into it's apex that would give time for the 200 week MA to move up and create strong support again as well (just like last year). This also makes sense with the Fib retrace because dropping to last years support would put us in the "golden pocket" between the 61.8% and 65% lines. I drew the fib using monthly candles which is why it falls a little short from the top of the triangle, but considering how volatile price action was around that top, I feel it's a good spot. I am short until we reach the buy zone between 8500 and 5000 (I doubt it will fall past 6400 & 6000 though). Then I will gradually transition long for the inevitable run back up as we approach the halving next year.
BNC:BLXShort
by galamity
2