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Fibonacci Extension

Bitcoin - Bull trap triggered, huge crash is starting! Today I opened a short on BTC, and in this analysis, I will tell you why. In the previous analysis called "Bitcoin - The biggest bull trap in history!" I told you I wanted to short Bitcoin at the 0.618 FIB retracement; today we reached the important level and took liquidity above the previous swing high. Now everyone is extremely bullish, and it's time to short it. On the chart, you can see a huge parallel channel on the weekly scale, and today we retested the trendline of the channel and the POC of the previous triangle. This is a very strong resistance, which is why I expect a huge decline in price in the next few days or even weeks. I am a very transparent trader because I share all the trades that I make with the entry points, SL, and TP. From the Elliott Wave perspective, we can see a falling wedge, which is a bearish leading diagonal pattern with an overlapping wave structure. Usually you want to short it at wave (4) of the diagonal pattern, and we hit this wave today. In my opinion, wave 2 of the higher degree has been completed, and we are ready for the 3rd wave, which can be extremely steep. It's possible that Bitcoin will start consolidating a little bit at the current price, so altcoins can also pump a bit. But it's only going to be temporary. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
227
CN50 to find support at 0.618 pullback?CHN50 - 24h expiry - We look to Buy at 12570 (stop at 12490) We are trading at oversold extremes. Short term bias has turned positive. This is positive for sentiment and the uptrend has potential to return. We have a 61.8% Fibonacci pullback level of 12570 from 12244 to 13098. Preferred trade is to buy on dips. Our profit targets will be 12770 and 12810 Resistance: 13180 / 13660 / 14440 Support: 12400 / 11845 / 11140 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:CHINA50Long
by VantageMarkets
Oracle Rebound & technical analysis According to this chart we are riding the 8 and 20 day. Price bounced off of the 50 after the earnings sell off and broke out from a double bottom. If this plays out in a perfect world this will blow past 127 from the news run up. Not to mention everything AI is running and we are currently in an AI baby bubble. I would trade this carefully since it is making new highs and can fall from a sell off and profit taking. Let’s see how high this goes. Congrats if you were like me and bought around 115 after the earnings sell off. Trade Responsibly. #TradeTheWave
NYSE:ORCL
by FinesseTheWave
3
Ethereum climbs past $1700 but can it continueThe H4 imbalance (white shaded box) was filled and the structure of ETH on the 4-hour remained bearish. The OBV saw a bounce but did not trend upward. The Fibonacci retracement levels plotted for the move down to $1630 last week showed that the $1716 and $1740 are important resistances. Entry: $1716 Stop-loss: $1753 (a move above $1740 and $1750 will signal bullish intent and a bullish MSB) Take-profit: $1597 (the 23.6% extension level, although a drop below $1600 could eventually see $1500 retested in the coming weeks) R:R- 3.45
Short
by AMBCrypto_TA
Natural Gas: 1.618 Confluence Support Zone Has Held Natural Gas was trading at this Log/Linear 1.618 Confluence Zone for a while and even confirmed a 3 white soldiers pattern from the zone, but has since been very quiet. However, it's recently begun to bring us somewhat of a bounce and has confirmed a couple of higher lows with some hidden Bullish Divergence on the MACD after holding above the Bullish Control Zone on the RSI and now it's looking to make some higher highs and could take back the entire range. It should also be noted that this 1.618 confluence zone is at the PCZ of a 1.13 Bullish Shark.
OANDA:NATGASUSDLong
by RizeSenpai
Gold's $4500 Kaleidoscope: Through the Fibonacci LensThis Fibonacci Clustering in Gold (XAU) is a sight to see. Unbelievably, this schematic tracks how gold crashed a whopping 70 Percent to its low in 1999... NOW it is on track to go up over 100 percent through my patterns shown numerically... I. Fib Circle Base -The journey begins with a Fib circle on gold's 3 month chart, formed with the base extension schematic for our projections. II. Initial Fib Spikes -We then incorporate significant tools that visualize the 70% drop from 1980 to 2000... movements that CREATE the Fibonacci circle, laying the groundwork for our next Fibonacci extensions. III. Macro-Scale Spikes -Adding a second pair of spikes on a macro scale validates our base schematic and contributes to further Fibonacci projections. IV. Monthly Macro Spikes / Cup-and-Handle -Finally, a micro time frame of III's pair of spikes and a bullish cup-and-handle formation strengthen our projection of gold's path to $4500. Below I have linked my original gold schematic. Followed by my DXY Crash schematic.
OANDA:XAUUSDLong
by MichaelBsul
1 Week Gold Intraday Turning Point ForecastHi, everyone! Following my previous daily forecast, as i said before i will try to do a intraday forecast Okay, so this is how central banks actually trade They don't care about price, but they do extremely care about time Behind this forecast i use a method called harmonic analysis which W.D Gann use in 1920s and because we live in technology era i also combine it with my special custom neural network algorithm, which i designed earlier. I haven't test this method yet, but i think it should work too,, but maybe it could also happen very off from what we expect earlier. So, remember that i don't provide any trading plan! Okay... i just want to share my knowledge on GOLD All time zone was in UTC+7 and 24H format to avoid confusion 12/06 5:15 8:00 14:45 20:30 23:30 13/06 3:45 8:00 11:15 16:00 22:30 14/06 2:30 5:30 8:45 15:15 17:45 23:45 PROBABLY MAJOR (DUE TO FED NEWS) 15/06 3:45 9:15 HARMONIC MAJOR (MATHEMATICAL TIME MAJOR CYCLE) 10:45 15:30 19:15 00:30 16/06 4:45 9:45 13:45
TVC:GOLDShort
by Chartwatcher1996
TRON retains bullish structure after liquidity grabThe move below the higher low at $0.0752 on 1 June was a liquidity hunt since this break of structure (formation of lower low) was not followed by a lower high and another lower low. Instead, prices pushed past the previous local highs at $0.08 Fibonacci retracement levels showed the 78.6% retracement at $0.0765 was retested as support and TRX bounced higher. This suggested TRX could reach higher to the 23.6% extension level at $0.0885 Entry: $0.0773 Stop-loss: $0.0738 (below the recent low) Take-profit: $0.0885 R:R- 3.1 Given the sentiment in the crypto market, profits can also be taken near the $0.0858 mark
Long
by AMBCrypto_TA
📈 Fibonacci Power in Uptrends📍 What Are Fibonacci Retracement Levels? Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. 📈 To effectively trade Fibonacci retracements during an uptrend and strategically enter the market during pullbacks, follow these steps: 🔷Identify the uptrend: Determine the presence of a clear upward price movement. 🔷Apply Fibonacci tool: Utilize the Fibonacci retracement tool to identify potential retracement levels within the uptrend. 🔷Focus on pullbacks: Wait for the price to experience a pullback or retracement within the uptrend. 🔷Assess Fibonacci levels: Analyze the price's interaction with key Fibonacci levels, such as the 61.8% or 65% zone, to identify potential support or resistance areas. 🔷Higher highs confirmation: Look for the formation of higher highs after the price touches a Fibonacci level, indicating a continuation of the uptrend. 🔷Entry opportunity: Consider entering the market after a pullback when the price resumes its upward movement, using appropriate risk management strategies. By combining the power of Fibonacci retracements, recognizing pullbacks in uptrends, and waiting for higher highs, traders can position themselves to capitalize on the potential profit opportunities offered by the market. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
Bitcoin - Buy exactly here for the long term! (premium solution)Bitcoin is ready to go higher, but this uptrend is starting to be a little bit extended, and we need a correction to 21k. I have been warning you for a long time about a huge crash that is going to happen soon or later. We still have an unfilled CME GAP, and exactly in the GAP we have the 0.618 LOG FIB retracement (15476->33000), which is a good confluence to buy Bitcoin for the long-term and ride your position to a new all-time high! It looks like Bitcoin is going to reach levels around 32k - 33k. I do not expect the last wave to be huge because of the previous waves (1) and (2). We can use the Fibonacci extension tool to measure the expected length of the last wave. Buying Bitcoin at the current or higher price for the long term is not worth it because you can definitely buy it cheaper at 21k later this year. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! The pitchfork that you can see on the chart is still holding, which is, of course, a good sign for the bulls. But in the event of a breakdown of this pattern, you should be very cautious. I think it's going to trigger a massive selloff. If we take a look back to the bear market in 2021 - 2022, we can see a five-wave structure, which is pretty much undeniable. It can be a triple zigzag or an impulse. My outlook on this idea is bullish, so I marked it as a triple ZigZag. It's probably a complex correction because the last fifth wave looks like an ABC zigzag wave. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Above the 32399 level is a high liquidity area, so there is a pretty good chance that the market wants to take all stop-loss orders from traders before the huge ABC correction happens! The 25k level has already been tested, so if you want to still buy here, it's probably not a good idea. Maybe for a short-term bounce, it could be. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
105
Bitcoin is heading to 33k! (REACT FAST) We need to react to the recent price action of Bitcoin and switch from a bearish to a bullish perception, as Bitcoin is refusing to drop further and instead is building a very strong bullish base. A breakout above the bullish base is going to lead to a massive pump to 33k! I was bearish from 30k to 27k, but now I am bullish, and I am already long on several altcoins. I may add a long position on Bitcoin on the breakout of the base or on a pullback at ~26900. As traders, we need to react to price developments and alter our bias to successfully trade! Probably only a few understand this; if you do, congratulations. This should be the last pump because I am still expecting a significant crash to 21k to fill the unfilled CME gap. We are going to fill the gap soon or later, and this will be your opportunity to buy cheap Bitcoin! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. If you shorted Bitcoin at around 30k, as I told you in the previous analysis, now's the time to take profit and potentially open a long position if you stick with Bitcoin. So why is Bitcoin going to hit 32k or 33k? It's the FIB extension (classic + LOG) measured from 15476 -> 31000 -> 25811. This gives us targets 31741 and 33656, and I think these targets are very reasonable because I am not expecting any extended fifth wave on the major scale. From the Elliott Wave perspective, Bitcoin has finished the ABC correction successfully. Wave B was a symmetrical triangle, and we need to be aware of triangles as they occur mainly in waves B and 4. Rarely, triangles also occur in wave 2 of impulse waves. Overall, buying Bitcoin at the current price for the long term is not worth it because, on the major scale, we are in wave 1 (if you are bullish) and wave 2 is going to send Bitcoin to 21k. As I said before, there is a CME gap and a huge untested triangle. I expect tremendous gains for the ARPA coin. You can find it in the related section down below! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
195
ARPA will 10x | The best coin to buy in 2023! ARPA is ranked only at 320, and that's why it has plenty of room for the minimum of 10x gains! It's a great coin from the technical perspective on the major weekly chart, and I have huge expectations for 2023 and 2024. The coin recently broke out of the rectangular base with extreme volume, which is definitely a good sign, and we are ready to reach a new all-time high and continue in the bull market. Forget about coins with a huge market cap; they're not going to make you rich at all; instead, you will lose money. This coin has a small market cap, and it's also listed on major exchanges, so you can buy/long it with comfort right away. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. The important thing is always to look at the previous price action from 2020 - 2021. We can clearly see a leading diagonal wedge Elliott Wave pattern, which is a pretty strong indication of interest and, in combination with the finished ABC correction, makes this a solid technical setup for a long position. I don't know about you, but I am already in on futures, and I longed it in the rectangular base before the breakout. This coin is very volatile, and it provides a lot of trading opportunities not only for swing trades but for intraday trades as well! ARPA Network (ARPA) is a decentralized, secure computation network built to improve the fairness, security, and privacy of blockchains. The ARPA threshold BLS signature network serves as the infrastructure for a verifiable Random Number Generator (RNG), secure wallet, a cross-chain bridge, and decentralized custody across multiple blockchains. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
75
Bitcoin - Plan for the next week (this is going to happen) Bitcoin is bearish, and the next support is around 25k, which is a strong horizontal line from August 2022 to February 2023. I expect a small bounce from this zone, and we should see bullish price action back to 27k. Precisely, 25224 is the 0.618 FIB extension support on the LOG scale, and previous wave 1 resistances are 26942 and 27235. It's the gameplay for the next week or two, and this is what I am expecting from Bitcoin. This time this is a short-term analysis, as I do analyses on Bitcoin on all timeframes. We can clearly see that the price action on Bitcoin is pretty choppy, and I expect this to continue. Of course, a big red dildo is possible, but in my opinion, a green one is not. I am bearish, and I expect 15k this year. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. From the Elliott Wave perspective, I am missing a final wave (5) to complete wave 3 of the higher degree. This is, of course, a bearish version of my Elliott Wave count. There are tons of opportunities on altcoins, so I trade mainly them. For example, ARPA is a good coin to trade on an intraday or swing basis because the volatility is pretty huge, and volatility = opportunity. After Bitcoin reaches 25224, which will be hit sooner or later, I expect a pullback to 26942 - 27325.  The next FOMC meeting is on Wed, Jun 14 where will be released a decision for the interest rates in the USA. Big volatility is ahead. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
75
Bitcoin + Comment your altcoin!Do a comment on your altcoin below this idea, and I will give you my opinion/analysis of it! Make sure you hit the boost button as well to participate. I will answer your comment with an analysis for you on the weekly/daily chart (long term). I start my analysis with Bitcoin: I am bearish on BTC, and we are going to reach 15k - 10k later this year. Also, there is a possibility of going down to 6k and I will tell you why. Why 15k, 10k, or 6k? 1) 15k - We have a LOG Fibonacci retracement slightly below the 15k level, and the previous swing low at 15450 should be destroyed to complete the ABC correction. Also, there are lots of stop loss orders below this swing low, and we can do a swing failure pattern. Big players can take advantage of it and buy a large amount of Bitcoin at this level. 2) 10k - There is a huge Fibonacci confluence. The 0.618 LOG FIB retracement of the previous impulse wave is definitely a strong support for Bitcoin. The FIB extension from the start of wave A => the end of wave A => the end of wave B gives us the 0.382 projection. As you can see on my chart, these 2 FIBs are close to each other. 3) 6k - If you remember a huge triangle from 2018, we can test the POC of it. Also, there is a fair value GAP and a 0.764 FIB extension. I don't think we are going that low; that's why I give it only a 20% chance. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. This pump from 15k to 32k is a bull trap and a fake pump. I do not have too much trust in it. We are going to find the bottom between October 2023 and January 2024. The majority of altcoins look totally terrible, and I do not see any upcoming bull market. But I look forward to 2024; I think it's going to be a very bullish year, together with 2025. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
267
AUDUSD to find buyers at 0.236 retracements?AUDUSD - 24h expiry There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.6629. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Indecisive price action has resulted in sideways congestion on the intraday chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the 0.6630 level. We look to Buy at 0.6632 (stop at 0.6602) Our profit targets will be 0.6707 and 0.6727 Resistance: 0.6780 / 0.6925 / 0.7160 Support: 0.6550 / 0.6380 / 0.6170 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA