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Fibonacci

SQQQ | Im Very Bearish the Markets Going into Q1 - 2025How I see It: (The commentary is purely my own thoughts based on my research comparing it to what I've seen in the media and other social media sites) SQQQ smooths out the noise and shows me if we are in a bearish scenario in the technology sector. This ETF has been in a bullish divergence for the last 6 months, and it showing signs its time to pop higher. That equates to the QQQ's going into a correction mode over the next 3 - 6 months. Be careful as profit taking will come hard, and margin calls will run crazy. ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ-100 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
NASDAQ:SQQQLong
by DivergenceSeeker
BNB/USDT Poised for Breakout: Key Levels and Indicators to WatchCRYPTOCAP:BNB BNB/USDT Poised for Breakout: Key Levels and Indicators to Watch Analysis: Price Action Strategy: Support and Resistance Levels: The chart shows significant support at 687.75 and resistance around 701.04. Candlestick Patterns: Recent candlesticks indicate consolidation near the resistance level, suggesting a potential breakout. Smart Money Concepts (SMC): Change of Character (CHoCH): The CHoCH level is marked, indicating a potential shift in market structure from bearish to bullish. Order Blocks: The chart shows potential order blocks around the 687.75 support level, which could act as a demand zone. ICT Strategy: Fibonacci Retracement: Key Fibonacci levels are marked, with the 0.618 level at 696.39 and the 0.5 level at 701.33, indicating potential retracement targets. Indicators: Volume: Increased volume near the resistance level suggests strong buying interest. RSI: The RSI is at 55.32, indicating a neutral to slightly bullish momentum. MACD: The MACD shows a potential bullish crossover, supporting the bullish bias. Buy Strategy: Entry: Above the resistance level at 701.04, confirming a breakout. Take Profit (TP): TP1: 705.73 (0.382 Fibonacci level) TP2: 720.00 (psychological level) Stop Loss (SL): Below the support level at 687.75 Sell Strategy: Entry: Below the support level at 687.75, confirming a breakdown. Take Profit (TP): TP1: 680.00 (recent low) TP2: 660.00 (next support level) Stop Loss (SL): Above the resistance level at 701.04 Buy: entry: 701.04 tp1: 705.73 tp2: 720.00 sl: 687.75 Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions. I hope this analysis helps with your trading decisions! If you have more charts to analyze or need further insights, feel free to share. Follow @Alexgoldhunter for more strategic ideas and minds
by Alexgoldhunter
Understanding Fibonacci Retracementtool fans will like this one XD Fibonacci Retracement is a popular technical analysis tool used by traders to identify potential support and resistance levels. Based on the Fibonacci sequence, this tool helps traders predict price pullbacks and continuation levels in trending markets. What is Fibonacci Retracement? Fibonacci Retracement levels are derived from the Fibonacci sequence, a mathematical pattern where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, etc.). Key ratios from this sequence, such as 23.6%, 38.2%, 50%, 61.8%, and 100%, are used to indicate potential price reversal or continuation zones. How to Use Fibonacci Retracement 1.Identify a Trend: - In an uptrend: Draw the Fibonacci retracement from the swing low to the swing high. - In a downtrend: Draw the Fibonacci retracement from the swing high to the swing low. 2. Key Levels: -23.6%: Represents shallow pullbacks; usually seen in strong trends. -38.2% and 50%: Common retracement levels where price often consolidates or reverses. -61.8%: Known as the "golden ratio," a significant level for potential reversals. -100%: Indicates a full retracement of the trend. 3. Support and Resistance Zones: - Price may bounce or consolidate near these Fibonacci levels, acting as dynamic support in an uptrend or resistance in a downtrend. How to Interpret Fibonacci Retracement Levels -Reversal Zones: - If the price retraces to a Fibonacci level and then resumes the trend, it confirms the level as significant. - **Breakouts:** - A break above or below a Fibonacci level may signal continuation in the direction of the breakout. Strengths of Fibonacci Retracement -Simple to Use:Visual and straightforward for identifying support and resistance levels. -Widely Applicable:Works across various markets (stocks, forex, crypto, etc.) and timeframes. -Combines with Other Tools:Enhances the effectiveness of indicators like RSI, MACD, and trendlines. Limitations of Fibonacci Retracement -Subjectivity:The placement of swing highs and lows can vary among traders, leading to different retracement levels. -Lagging Nature:Like most technical tools, Fibonacci Retracement relies on past price action and doesn’t predict future movement. -False Signals:Not all retracement levels lead to reversals, especially in volatile or news-driven markets. Best Practices for Using Fibonacci Retracement 1.Combine with Other Indicators: - Use with momentum indicators (e.g., RSI, MACD) or candlestick patterns for stronger confirmation. - Pair with trendlines or moving averages to validate Fibonacci levels. 2.Use Multiple Timeframes: - Analyze Fibonacci levels on higher timeframes for broader trends and lower timeframes for precise entries and exits. 3.Set Realistic Expectations: - Don’t rely solely on Fibonacci levels for decision-making. Use them as part of a broader strategy. Example of Fibonacci Retracement in Action Imagine Bitcoin (BTC) last uptrend movement which I'm showing here, and the price moves from $67,000 to $106,000. After reaching $106,000, the price begins to pull back. By applying the Fibonacci Retracement tool from $67,000 (swing low) to $106,000 (swing high), you can identify key levels at $97,000(23.6%), $91,300 (38.2%), $86,700(50%), and $82,100 (61.8%). If the price retraces to $ 91,300 and bounces upward, this confirms the 38.2% level as strong support. (Green line) (shown on the chart) Conclusion Fibonacci Retracement is a valuable tool for traders seeking to identify potential price reversal zones and continuation points. While it’s easy to use, its accuracy improves when combined with other technical indicators and a thorough understanding of market conditions. Practice drawing Fibonacci levels on historical charts to develop confidence and refine your trading strategy. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Education
by Cryptonic_Trading
Top 3 high conviction altcoin SuiOver the years I have learned that crypto "fundamentals" dont matter. Category, and trending against BTC is all that matters if you want to make money. Do not get yourself sold by the story, look at the chart, this is internet money, not stocks. Sui I added back around the 2$ mark and I have been adding with size as I cut my slower movers (Near, AKT, INJ). Generally older tokens are not performing well in this market, its new tokens, and tokens that have trended for months up against BTC. Sui has already dipped into the weekly demand zone. My target remains 6.35$. We note a cooling off BBWP that flashed red recently, and a resetting stochastic RSI, this cool off is needed.
Long
by Apollo_21mil
1
BTC/USDT 4H Chart ReviewHi everyone, let's look at the BTC to USDT chart, looking at the 4h time frame, we can see that the price is moving in a triangle where we are getting close to the exit and taking the direction of further movement. In the short term, we can start by defining potential SLs in a situation where the price continues to correct: SL1 = 94431 USD SL2 = 92902 USD SL3 = 91260 USD SL4 = 88598 USD However, if the price changes direction and the visible green candle starts to gain strength, it is worth moving on to setting goals for the near future, which include: T1 = 96526 USD T2 = 98225 USD T3 = 99528 USD T4 = 101113 USD When we look at the additional indicators, we can see how the CHOP indicator and the RSI indicator are around the middle of the range, which indicates a possible movement in both directions, but here we also have the STOCH indicator, which shows an upward movement below the middle of the range, which in the short term may raise the price a bit more.
by cryptodailyuk
Gold is Ready to Attack to Heavy Support zone!!!Gold ( OANDA:XAUUSD ) seems to have managed to break the 100_SMA(Daily) , the Support zone($2,613-$2,608) , and the lower line of the ascending channel and is currently moving in the Heavy Support zone($2,605-$2,584) . According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 . In terms of Classical Technical Analysis , with the breaking of the lower line of the ascending channel, we can also see the Bearish Flag Pattern well in the higher time frame . I expect Gold to GO down at least as wide as the ascending channel and go down to the Potential Reversal Zone(PRZ) and 21_SMA(Weekly) . ⚠️Note: If Gold breaks the 100_SMA(Daily) and Resistance lines, we should expect Gold to rise further.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
1
Gold Price Action Analysis: Key Levels and Trade SetupsFXOPEN:XAUUSD Gold Price Action Analysis: Key Levels and Trade Setups Analysis: Price Action Strategy: Support and Resistance Levels: Key support levels: 2,536.664, 2,582.264, 2,601.810 Key resistance levels: 2,642.252, 2,670.000, 2,721.410 Fibonacci Retracement Levels: 0.382 at 2659.51836 0.5 at 2640.4 0.618 at 2621.28164 0.705 at 2607.1859 0.786 at 2594.06228 Volume Profile: High volume node around 2,642.252 indicating strong resistance. Low volume node around 2,601.810 indicating potential support. Smart Money Concepts (SMC): Break of Structure (BOS): BOS observed around 2,536.664 indicating a potential bullish reversal. Change of Character (ChOCH): ChOCH observed around 2,601.810 indicating a shift in market sentiment. ICT Strategy: Order Blocks: Bullish order block around 2,536.664 Bearish order block around 2,642.252 Fair Value Gaps: Fair value gap observed between 2,601.810 and 2,621.348 Indicators: Relative Strength Index (RSI): RSI is around 51.36, indicating a neutral market condition. Moving Average Convergence Divergence (MACD): MACD is slightly bearish with a histogram value of -0.061. VIP Signal: Buy Signal: entry: 2601.810 tp1: 2642.252 tp2: 2670.000 sl: 2582.264 Sell Signal: entry: 2642.252 tp1: 2601.810 tp2: 2582.264 sl: 2670.000 Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions. I hope this analysis helps with your trading decisions! If you have more charts to analyze or need further insights, feel free to share. Follow @Alexgoldhunter for more strategic ideas and minds
TVC:GOLD
by Alexgoldhunter
Soybean Meal(ZM) Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Soybean Meal(ZM) Stock Quote - Double Formation * 350.00 USD | Completed Survey | Subdivision 1 * Inverted Head & Shoulders | Configuration Entry Bias - Triple Formation * 012345 | Wave Count Analysis | Subdivision 2 * Retracement Numbered | Wave 3 Condition * Daily Time Frame | Behavioural Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:SOYBEANMEAL
by TradePolitics
Gold Spot (XAU/USD) Analysis on the 1-Hour TimeframeKey Levels and Observations The black horizontal lines on the chart represent monthly support and resistance levels, which are critical zones for price reactions. Significant levels include: Support Levels: 2600, 2580, 2560 Resistance Levels: 2620, 2640, 2660 Momentum and Price Behavior On the 1-hour timeframe, bearish momentum appears stronger as the red (bearish) candles are relatively larger than the green (bullish) ones. The price has tested the 2600 support level twice but has failed to generate a strong rebound, suggesting possible weakness in buying pressure. Possible Scenarios: If Support at 2600 Holds: The price could consolidate above this level, potentially targeting higher resistance zones like 2620 or 2640. If 2600 Breaks: A break below 2600 could lead to further downside movement, with 2580 and 2560 as the next potential targets. Market Outlook For now, the price appears to be stuck in a tight range between 2600 and 2620, indicating consolidation. Traders should wait for a clear breakout or reversal around the key levels before making decisions.
FX:XAUUSD
by MD-Priceaction
Is Bitcoin Preparing for a Retracement?Bitcoin has seen an extraordinary surge of over 100% between September 6th and December 18th, reaching the $100,000 milestone for the first time in its history. This significant increase can be attributed to various factors. The election of Donald Trump as U.S. President, known for his pro-Bitcoin stance, played a notable role. Additionally, Elon Musk, a key figure in American business and a cryptocurrency enthusiast, has also influenced Bitcoin's surge positively. Geopolitical tensions, particularly involving Israel in the Middle East and escalating conflicts in Ukraine, have further fueled demand for Bitcoin and other cryptocurrencies. Many retail and institutional investors are turning to Bitcoin as a safe haven amid global uncertainty. Currently, Bitcoin is experiencing a slight retracement, trading at around $93,000, which is just below the 23.6% Fibonacci level. Potential Bearish Movement From a technical standpoint, several indicators suggest a possible bearish retracement for Bitcoin in the coming days. A sell opportunity may arise if Bitcoin price breaks below the ascending trend line on the daily chart. Here are the key levels to watch as potential targets for a sell: $87,000: This aligns with the 38.2% Fibonacci retracement level, making it a natural target for a potential sell. $80,500: This region corresponds to the 50% Fibonacci retracement level, serving as another potential sell target. $74,000: Coinciding with the 61.8% Fibonacci retracement level, this could act as the final target for a bearish move if the price declines. Alternative Scenario for an Upswing Conversely, there is a possibility that Bitcoin may continue its upward trajectory. This bullish scenario hinges on the price maintaining support at the 23.6% Fibonacci level and breaking back above $100,500. If these conditions are met, Bitcoin could challenge its all-time high, approximately $108,000, and potentially target the $110,000 level. A Conservative Buying Approach A more conservative buying strategy could be considered if Bitcoin retraces to the 61.8% Fibonacci level, around $74,000. This level is significant, as it represents a previous resistance point that may now act as support. Key Considerations It’s essential to remember that Bitcoin behaves differently from traditional assets, with its upward and downward trends often lasting longer. Traders should be prepared for potential volatility as the market continues to react to both technical indicators and external factors. Careful analysis and strategic planning will be crucial as we navigate this dynamic landscape. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:BITCOIN
by Marketscom