Fibonacci was an Italian mathematician who came up with the Fibonacci numbers. They are extremely popular with technical analysts who trade the financial markets, since they can be applied to any timeframe. The most common kinds of Fibonacci levels are retracement levels and extension levels. Fibonacci retracement levels indicate levels to which the price could retrace before resuming the trend. It's a simple division of the vertical distance between a significant low and a significant high (or vice versa) into sections based on the key ratios of 23.6%, 38.2%, 50% and 61.8%.
Price tends to come back to these levels before continuing the predominant trend. Fibonacci extension levels indicate levels that the price could reach after an initial swing and retracement. TradingView has a smart drawing tool for Fibonacci retracements and one for Fibonacci extensions that allow users to visually identify these levels on a chart. Both tools are fully customizable and levels can be changed or added.
BTC/USD (Bitcoin)
Forming Falling Wedge in Weekly Chart. (Bullish Pattern)
EMA30 is Acting as a Resistance & MA100 is the Strong Support ..(8550 is the Resistance & 7800 is the Support)
After Weekly Closing, BTC is Looking Bullish But Need to Break 8550 & 8800 Resistance Levels For WEDGE Breakout..
In Bearish Scenario, if BTCUSD has Failed to HOLD the 7800...
Hello Traders!
Today’s chart update will be on BTC’s short term projection on the hourly time frame. We have a potential rising wedge that needs to be confirmed with a third touch on the lower trend line. A break from this formation is bearish, if it plays out; we are more probable to test lower support, where the triple bottom was established.
Points to...
Priceline of WAVES/ Bictoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0001023 to 0.0001005
Sell between: 0.0001065 to 0.0001129
Regards,
Atif Akbar (moon333)
Priceline of Chainlink / Bitcoin has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00030331 to 0.00029923
Sell between: 0.00030648 to 0.00031415
Regards
Atif Akbar (moon333)
Priceline of Dock / Bitcoin cryptocurrency formed a bullish Gartley pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Stochastic is oversold and has given bull cross.
Volume profile is showing less interest of traders at PRZ...
Hello Traders!
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY...
After completing gartley pattern priceline of Lisk / Bitcoin cryptocurrency formed a bullish Shark pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Stochastic is oversold and has given bull cross.
Volume profile is showing less...
Priceline of Perlin / Bictoin cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
We have a 200 simple moving average support above the PRZ area therefore the priceline may only give spike in this buying zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000412...
Priceline of MATIC Network / Bitcoin cryptocurrency has formed bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area can be used as stop loss in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000173 to 0.00000169
Sell between: 0.00000177 to...
Priceline of NKN/ Bitcoin has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000410 to 0.00000402
Sell between: 0.00000427 to 0.00000454
Regards
Atif Akbar (moon333)
Hello Traders!
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
