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Fibonacci Extension

Analyis of BTC Reactivity Zones using Time based FibonnaciImportant to Note: WEEKLY CHART BTCUSD 4 red circles 2 time-fib zones marked by grey 0 ranging from year 2017-2025 1 fibonnaci retracementt zone represents last low to high price 2800 -6900 2 black horizontal lines representing buy zone Analysis is not trading advice and subject to change. 1. Fibonnaci retracement tool marked from previous low to high of price 2800-6900 shows price breaking below previous low 2800. I decided to trace back for possible zone price would likely revisit, see RED CIRCLE 1. Circle 1 shows key price action at 1981 where BTC experienced its first major "bull run" July 2017, however, this zone was NEVER retested despite todays current price action with recent high of 6900. Thoughts: based on retracement tool price will seek to react at extension level at price 14500 or react at price 1989 based on market structure. 2. For time based fibs (do your own research for understanding). Based on RED CIRCLE 1 in year 2017 the first time based fib indicates high to low at that point. Time fib tells us that number 1-8 are irrelevant and to look for price action at numbers 13, 21, 34, 55 etc. RED CIRCLE 2 indicates BTC second "bull run" at number 13 indicated by vertical blue line. Today, 5 years later we are approaching RED CIRCLE 3 at number 21 on time fib. Thoughts: based on price that never retested the zone is still valid for buy entry and we are preparing to experience reactivity. 3. Since time based fibs proved to be true for 2017 previous bull run, i decided to compare most recent low and high price 2800-6900 using time fib, indicated by second grey zero vertical line. Again, time fib tells us that the numbers 1-8 are irrelevant and to look at price action at numbers 13, 21, 34 etc. It is key to note that at RED CIRCLE 4, number 34 and 13 create an overlap in both time based fib analsyis. This overlap also occurs 5 years from today just after the next BTC halvening event. Thoughts: based on ideas of time based fib we see multiple overlaps in MAJOR chart events expected to occur in future. Conclusion: Im looking for price reactivity for BTC within the next month (not a prediction) and will utilize 14500-2000 as a potential buy zone for the next bull run over the next few years. I don't predict the chart, I just react to it, Happy Swing Trading :-)
COINBASE:BTCUSDLong
by TeeAmoretta
Long term Crypto market outlookI have not looked closely at TOTAL crypto chart for a while, but it works bit better with Fibonacci tools and overall levels where we might expect 2022 Bear market could go. I won't go into macro details, as most already know what is here and what is coming, so there is no doubt we are going lower. Question is how low? I had 800b TOTAL mcap for crypto marked for a while as a target even before the March rally, but its interesting to see it actually aligns perfectly with Fibo extension and the most likely target that anyone should be prepared for. What would that mean for Bitcoin's price? It would coincide with hitting around 200WMA so 22-23k area and of course be disastrous for altcoins, but at this point no one should really care about them. Why did I mark 2nd level? Well the main reason is if stock market enters a panic zone due to rising inflation, costs of energy, food shortages etc., similar to 2008 recession, all hell will break lose on crypto market that did not experience yet that kind of selling pressure. If you consider how weak was the price action to the upside since we dropped closer to 25k on BTC in last sell-off and that we barely touched 23% Fibo retrace, the likelihood of extending well beyond 800B is actually quite high (I am putting it between at around 40% right now, if we drop from here after FOMC meeting next week without any move closer to 35k then I would increase likelihood to 50%). All this I think will play out in the next 6 months and the sooner TOTAL hits 800b area the more likely that it would drop lower. Keep an eye on that and BTC Dominance (still rising and will rise more), don't get tempted into altcoin purchases until we are on our way out.
CRYPTOCAP:TOTALShort
by gigisulivan
Long Term Market Overview on DAX(Ger30)Long Term Market Overview on DAX(Ger30) . We see that the overall Market is in an Up trend which is currently having a Pullback like all other Indexes but when will it stop is basically everybody's Big Question . The market seems to have two areas where it normally U-turn from. U-turn areas : 1) The Market shows that there's 2 Trendlines inner and outer, the inner trendline shows a strong U-turn Pattern where we could see a U-turn from towards our Target 16867.71. 2) I have also spotted a Gartley Pattern off the Monthly which could push the market to the 9926.68 which should U-Turn the Market towards the our Target 16867.71.
GLong
by MartinSturks
The Let's Flip a Bitcoin Star FleetHello everyone and welcome aboard the Let's Flip a Bitcoin Star Fleet. I'm your fleet captain b2gg2b and today we'll taking a ride through historic times of the past as we travel a few years back in time to review the internet bubble and consequential crash that came just eight(8) years later. Below you'll be able to review the chart of the S&P500 during the early 2000, and the 2008 market crash that occurred then there after and how it relates to now. May it forever remain a reminder in the history of the Bitcoin Blockchain. So long as bitcoin persist we can look back upon this moment and honor the history those moments in our history, that ushered our new future. Our new digital lives. Let's get into the Analysis, there's not much to discuss. Provided is an overview of the current market structure with a Fibonacci circle overplayed. We can early see the consolidation to the left around the area of the 1.61, and we can see my projected target at the level of the 1.61. This is how I will intend to trade this move in the coming future. Rather we revisits higher price levels now or later, I don't really care either way. My interest is at 16.5-16.9K for long entry. It mimics that of the S&P 500 during the early 2000's and 2008 crash. Below you'll find examples of this also.
BNC:BLX
by Xploitify
Shorting Bitcoin Down To 17000Hi Traders, Today we are looking at the king of all cryptos. King BTC has broken out of its range. I mentioned last week that we were approaching the end of this range as we headed towards the descending trend line. It seems like the floor fell out from underneath us and we broke through the bottom of that channel. I watched for a break and retested the top or bottom of that range. We had a break and retest on the 4 Hour time frame. Price broke below and retested the support zone perfectly. I then used the Trend-based fib extension tool to define the two targets I would be using. Target 1 has been hit – Around the 21000 Level Target 2 is around the 17000 level. It’s a crazy time right now in all markets. However, I look at what the charts tell me and how to use that to my advantage. Trade safe out there! The Vortex Trader
BITSTAMP:BTCUSDShort
by TheVortexTrader
My long position strategyOk we had the ATH and we are all happy for that but remember to not be too greedy. Crypto is very volatile, you are on positive balance and after some days see only red numbers. So for help you for hold breath underwater i write the optimal buy entries for newbie trader or holder. Of course if we will have another ATH the fibo retracement need to be adjust. That my strategy and is very conservative, don’t use hight leverage for trading big amount of money, Max 3x, if use 5x or more you need to add more level for avoid liquidation L1 10% $57400 L2 20%. $ 53600 L3 50%. $43100 L4 75% $35700 L5 100% $28300 L6 ALLIN $18800 Target Fibonacci Exention 1.61 - $67500 2.618 - $91599 Cup and Handle target around $75k Remember to check Mvrv -z score negative to 0 strong buy the dip major of 7 prepare to sell or close long position Major Fibonacci Retracement 0.786 - $53550 0.618 - $43050 0.5 - $35700 0.382 - $28300 0.23 - $18800 MA 200 weekly closure around 16400$ Fibo 1 0.786 - $58800 0.65 - 0.618 golden pocket $53600- $53000 0.5 - $47850 0.382 - $43275 0.23 - $37435 Fibo 2 0.786 - $61150 0.65 - 0.618 golden pocket $57400 - $56550 0.5 - $53300 0.382 - $50100 0.23 - $45900
BITSTAMP:BTCUSDLong
by mfilippi
2
LaVinci's 30-Day PlanUnfortunately, we cannot predict the future. We can, however, predict the immediate future as a function of our free will in conflict with the universe around us. In anticipation of BTCUSD dropping to the 22,000 area, as a bearish harmonic extension distributes' itself, LaVinci has devised a plan to accumulate BTCUSD over the course of the next month. The goal is to avert risk while simultaneously reap rewards by scaling into multiple LONG positions over the course of the above mentioned time period (30 days). Stop-Losses are also devised in the plan to scale out and liquidate the long positions in the event that the current structure fails to react accordingly. Take-Profits aren't being taken into account just yet, for the anticipated time that this position will be held is going to be between 70-90 days. Please follow & critique, as critical feedback is strongly encouraged! Thanks, LaVinci
BITSTAMP:BTCUSDLong
by LaVinci
1
[Bitcoin] Finally, the bottom is renewed.#Crack #Bitcoin #Binance #Daily - In the end, a bearish breakout of triangular convergence and a bearish breakout of the $28.1k important support line appeared. - In the medium to long term, additional drops should be kept in mind because the $28k line support has failed. If the long-term bearish Fibonacci extension level of 0.618 and the support near $25,890, where the lower end of the short-term bearish channel overlaps, succeeds, we can expect a short-term trend rebound. - If a short-term rebound occurs, we can expect an bull trend to the $29,800-$30,148 section, where the upper part of the key volume profile price is $29.8k, the long-term bearish rend Fibonacci expansion 0.5 level, $30,148, and the lower triangle convergence. - When a short-term rebound occurs in the situation where the $26,700 low is updated, if the above-mentioned resistance section of $29,800-$30,148 is broken and the $32,658.99 high is updated, the remaining June will not have a major direction, and we can be predicted a widening pattern or diamond pattern formation. - If the $25,890 support fails and goes down, you can expect support from the three large bids of $22.7k-$23.8k / $17.1k-$19.7k / $10k-$12.1k. - When a bearish trend is in progress, you must respond with the decline in the $10,909-$12,107 range, where the long-term bear trend wave Fibonacci Expansion Level 1 and the mid-term bear trend wave Fibonacci Expansion Level 1 are located.
by Tommy_Trader
2