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Fibonacci

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.
DLavrov DLavrov TOP BTCUSDT, D, Long ,
BTCUSDT: Bitcoin Key Zone
12004 31 151
BTCUSDT, D Long
Bitcoin Key Zone

Let's look at the daily chart of Bitcoin and draw Fib Retracement grid. Now we can see that the market reached a strong support zone formed by 3500.00 support level, 0.5 Fib level and the uptrend line. This is the key zone. If the market can't breaks it, we should expect for a new upward movement. We must watch closely for price action in this zone. We must be ...

kiheme kiheme BTCUSD, 240,
BTCUSD: Interesting Find On BTCUSD *Controversial*
397 1 7
BTCUSD, 240
Interesting Find On BTCUSD *Controversial*

Despite all the news that came out on BTCUSD ; the overall Trend is still looking Bullish. The Trendlines starting the end of May + Fibonacci + VWAP is pointing towards strength, but there are still a few minor Road Bumps before we go higher on the lower time frame. I will be posting up lower TF charts.

ToolsOfTheTrade ToolsOfTheTrade BTCUSD, 240,
BTCUSD: A Bear sits in the Woods
221 0 7
BTCUSD, 240
A Bear sits in the Woods

Continuation H&S? I will go find a bear...for now.

krzycho krzycho KOREBTC, 120, Short ,
KOREBTC: KORE - history repeats itself
97 0 5
KOREBTC, 120 Short
KORE - history repeats itself

RSI is increasing, volume is in good condition, MACD is rising too. It looks like after last week's pump correction there is another one coming.

ks_trading ks_trading XAUUSD, D, Long ,
XAUUSD: Piercing Line ( Detected )
38 0 5
XAUUSD, D Long
Piercing Line ( Detected )

By the closed price in Friday, I saw a candlestick pattern that called a Piercing Line. This is one of the basic candlestick pattern that shows us a sign for reversal movement, from the deep correction suddenly this pattern was form and could be a sign for the end of the 4th wave from Elliot Wave. From my perspective, I saw the 61% area from Fibonacci as the ...

Shwayze Shwayze QQQ, 180, Short ,
QQQ: QQQ - 3HR chart - Bearish div. + rising wedge. Short
16 0 5
QQQ, 180 Short
QQQ - 3HR chart - Bearish div. + rising wedge. Short

Looking at this chart, we see a rising wedge formation. The general uptrend remains unbroken, however recently, the RSI is showing a bearish divergence. Basically as the price goes higher, the volume behind that price is slowing down. These are both signs of an upcoming reversal. Knowing that this stock is heavily invested in Tech, I would expect this to ...

AnaKingKong AnaKingKong BTCUSD, 120, Short ,
BTCUSD: BTCUSD short term view
89 0 4
BTCUSD, 120 Short
BTCUSD short term view

Hello, this is my view about BTCUSD move in several hours couple days maximum we talk about moving down more than 200$, we will put our eyes on 3440-3480 zone it's 0.5 Fibonacci retracement , i used 2 Fibonacci for confirmation , also MACD tell us it's still bearish and price have poor chance to go up ------------------------ Old Traders have 100% rights to ...

TanayUK TanayUK PRO EURUSD, W, Short ,
EURUSD: Everyone's long EUR, but is this a short opportunity?
42 0 4
EURUSD, W Short
Everyone's long EUR, but is this a short opportunity?

Hmmmm, I get it, long EUR because of current account differentials, QE taper, balance sheet normalisation, US political uncertainty, French elections over, everything rosy in Europe. But often, the obvious is obviously wrong. If EUR respects 1.20-1.21 as overhead resistance, then we could be looking at just a 50% retracement of the huge down leg. Suggesting EUR ...

ju5tin ju5tin BTCUSD, D,
BTCUSD: Bitcoin long term 0.618 fib retrace analysis, mountain man
212 0 3
BTCUSD, D
Bitcoin long term 0.618 fib retrace analysis, mountain man

i see a big gap between $1800 and $1700 which was not retested since the start of the bullrun. I have followed each peaks of current run showing where the 628 level was hit I see this as the target retracement area if we breakout of the current range we are sitting in then break the massive support around $2800 If we break above current range then make all time ...

Sam7in Sam7in BTCUSD, D, Long ,
BTCUSD: BTCUSD Fib Channel suggests long, tell me what you think.
77 0 3
BTCUSD, D Long
BTCUSD Fib Channel suggests long, tell me what you think.

Fib Channel suggests we can't go lower than 3500.

ToolsOfTheTrade ToolsOfTheTrade GBPUSD, 240,
GBPUSD: Which Way?
26 0 3
GBPUSD, 240
Which Way?

Looking for a nice and clear break of highlighted areas for opportunities. Rectangle can be traded as well. Shorts @ Resist and Longs @ Support can also provide excellent trading opportunities with awesome R2R. Looking at the Daily chart and up the longs are looking good for swings. Fib Cluster? Green Daily Fib & Gold H4 Fib Feedback? Let me know! Chart Art!

farhaniqbal farhaniqbal USDJPY, 60, Short ,
USDJPY: USDJPY - Short Term Retracement
22 0 3
USDJPY, 60 Short
USDJPY - Short Term Retracement

UJ had breakout several of its resistance and now, I'm looking for a short term SHORT for UJ as part of Wave 4 which may close the gap that we have in 18 Sept 2017 at 110.730 to 111 area. Once the price is in 110.730 to 111 area, I will find a LONG oppurtunity to complete the wave 5 of this current trend.

farhaniqbal farhaniqbal USDCAD, 240, Long ,
USDCAD: UCAD - Continue Bullish Trend
11 0 3
USDCAD, 240 Long
UCAD - Continue Bullish Trend

USDCAD - long bearish daily candle had breakout by series of bullish candle. I believe that UCAD will be trending higher to 1.249 area with the two High Impact for USD.

Ducksouptrading Ducksouptrading AUDUSD, W,
AUDUSD: AUD/USD - The brave go long, the rest will follow
31 0 2
AUDUSD, W
AUD/USD - The brave go long, the rest will follow

Dear community, this is my very first piece I want to share with you and I am quite excited about this one as it could turn out to be quite a winner. Feedback is always welcome! On the business-side of things; I have been watching this pair (AUDUSD) now for quite some time, waiting for a good chance to buy. The basis of this is very simple, following the ...

gillianpatrice gillianpatrice PRO BTCUSDT, D, Short ,
BTCUSDT: BTCUSDT- Time cycles and fib extensions
322 2 8
BTCUSDT, D Short
BTCUSDT- Time cycles and fib extensions

BTC may fail to make a HH and head lower to the 0.382 of the entire move & the 127% of the first corrective wave to meet support and the weekly TL. If we fail to reach here then I will reload once we make a HH on the daily.

gillianpatrice gillianpatrice PRO ETHBTC, D, Long ,
ETHBTC: ETHBTC- Waking up?
221 0 5
ETHBTC, D Long
ETHBTC- Waking up?

ETH has been in consolidation for many days. Support has held from the 0.382 of the overall move. I have set a target at the 161.8 % to take profit. The MAC D on the daily gives me a sign that we are heading up for a few months.

worldsapart89 worldsapart89 NUVA, W, Long ,
NUVA: NUVA is oversold & will be recovering from post-ER overreaction
16 0 3
NUVA, W Long
NUVA is oversold & will be recovering from post-ER overreaction

On the daily chart, MACD and price have diverged nicely. On the weekly, stochastic is showing oversold. We are also at the .618 fib level from 52 week high. I'm going to call bottom between 52 and 54 before we start recovering. Also 35% retracement looks similar to February of last year. OIG subpoena is only related to one customer and will have a small effect. ...

gillianpatrice gillianpatrice PRO NEOBTC, 240, Long ,
NEOBTC: NEOBTC -Caught in a trap
369 0 4
NEOBTC, 240 Long
NEOBTC -Caught in a trap

NEO in my opinion is undervalued currently. Price terminated at the 127% of the move (fall) and then consolidated before making a change of trend (higher highs and higher lows on the 4hr. Looking for at least 50% retracement of the overall move. I wil wait for price to break out of the upper TL then wait for a retest of this area on a lower time frame then ...

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