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Fibonacci Extension

BTCUSDT wants to retest the 0.382 Fibonacci LevelThe price bounced on the daily support on 39800 As I Told you in the previous analysis and now the price wants to retest the 0.382 Fibonacci level on the weekly resistance on 42k On the 4h timeframe, the price has a supply zone on 42300 How to approach? IF the price is going to retest the 42k and got a rejection, we can apply our rules for a new short position. The scenario is invalidated above the 43k –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
13
FIL (Filecoin)FIL attempting a trend change once again, given how every past attempt yielded (apparently YOLD is also a past tense of yield, lol) +20% in either direction, FIL is a great coin to trade. Grey channel you see on the chart is just an S/R, where I expect FIL to launch towards the daily Resistance, and after arc back towards the grey S/R. I'm waiting for a confirmation on lower timeframes, FIL will likely head into the grey S/R, pullback (to something like 21-21.5) and then launch. Pullback being the key confirmation I'm waiting on. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️ BINANCE:FILUSDT BINANCE:FILUSDTPERP BYBIT:FILUSDT FTX:FILPERP OKEX:FILUSDT
by WhoIsWu
GOLD - EW main count !! LongHello trader, good mood and profitable deals! 💲 GOLD 2 hour chart EW - Analysis This is my Elliot Wave main count!! EMA 10 - 13 - 20 and EMA50 in red are also geared towards EW. EMA50 serves as a strong support. This should hold otherwise we should prepare for a stronger bullback or trend change! I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas!
GLong
by TR7z
2
Silver - Doubletop and Fibo trade !!Hello trader, good mood and profitable deals! 💲 Silver 1D chart double top Fibonacci SMA EMA200 Silver stoped the downside with a nice Doubletop at 21,429 and the IMO is supported by the SMA and EMA200. The first goal is around 29 (The goal of the double top) EMA 200 or corrections in LTF can be used as entries. The goals can be seen in the chart !! Even if I favor an upward movement, we could also go sideways. This is possible from 3 points, confirmed from 5! SL is below the current low. I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas!
TVC:SILVERLong
by TR7z
USDJPY | New perspectiveSince the beginning of the month, price action has continued to respect the bullish trend line identified in the 4H timeframe and we are hoping to catch one last bullish move if it finally happens. A significant breakout of key levels during the course of yesterday's trading session could probably be a signal for a trend continuation in the nearest future as long as the price does not break down the bullish trendline. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
SOLUSDT is testing the 100$ as supportThe price is creating a descending channel after a breakout from the dynamic support on 115$ The price is testing the 100$ support eight now but we could see a new bearish impulse soon How to approach? IF the price is going to lose the 100$ support, we could see a new bearish impulse until the 0.886 Fibonacci level, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
27
KNC Volume DivergenceKNC is in an uptrend since January while almost all other crypto are in a bear trend. Last 3 days is struggling to break its previous high at $4.25. That's what i'm concerned is the volume. It is declining both it the daily and weekly while price is continue to raise. A rejection is expected in this resistance $4.25 or around 161.8% Fibonacci extension. If you intend to go long it's not a good idea to open your positions now; it's better to wait a clean break and flip of $4.25 before make your actions. If this level doesn't break, the retracement may be as low as 50% or 38.2% Fibonacci levels. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research.
KRAKEN:KNCUSDLong
by Rhaonnor
2
[Bitcoin] 37k-34k-25k-12k??#Crack #Bitcoin #Binance #Daily - Even the $41.5k support failed and the green mid-trend line support also failed. - Since the support area at $37k-$37.7k overlaps with the lower end of the orange bullish channel, the area $37k-$37.7k appears to be an important support area. - If the $37k support fails, you can expect support in the $34.2k-$34.6k area, which is the lower part of the very large blue bullish trend. - If you look at the orange bullish trend channel and the previous bearish trend, a bear flag pattern is being created. If a bearish breakout of the orange bullish trend channel appears and even the $34.2k support fails, a big bearish trend is highly likely. - The basic pattern target price of the bear flag pattern is confirmed to be between $25.8k and $12.1k. - It is not accurate, but it is known that the average Bitcoin price of major institutions’ position is between $28k and $32k. Therefore, the $34.2k-$34.6k support area is expected to be solid, but if the 34k support fails, the possibility of a bearish trend towards the $25.8k-$12.1k level should always be kept in mind.
by Tommy_Trader
5
BTCUSDt is testing the 0.618 Fibonacci Level On the upper chart, the price got a rejection from the monthly resistance on 48100$ and now the price is testing the previous weekly resistance as new support on 0.618 Fibonacci level. On the 4h timeframe, the price is testing the 0.886 Fibonacci level after a rejection from the 0.618 Fibonacci level How to approach? the price needs to hold that level and the next 4h support on 41600-41500. If the price is going to lose the support, the next valid support is 40k. Otherwise, if the price is going to have a breakout from the 43700, we could see a retest on the upper dynamic resistance. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
24