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Fibonacci

2020 BULLISH GOLD??During the potential global market recession in the next 1 year, gold can be one of several options for investment to hold. we will see gold pushing high to the $1600 or even the $1750 region as well. Beside the fundamental stats that show us a heaven in gold, the elliot wave is looking impressive too. Talking about elliot wave analysis, we can't separate is with psychological factor in the market. we have seen a frustating market consolidation since 1980 - 2004 and I will classify this phase as the 2nd wave which form a flat pattern of correction. And based on the elliot wave rules and guidelines, If the wave 2 forms a flat pattern that usually is more complicated, the wave 4 must be more simple than wave 2. Therefore, I assume this wave 4 as a simple zigzag. The next assumption is about where will the correction ended. Looking at the previous wave 2 which retrace at the 78.6 fib retracement, therefor I will assume that wave 4 will retrace Not more than 78.6. and based on this rules and guideline, it moves align with confluence zone at golden pocket and 1.1 fib extention. 2020 will be bullish at the beginning of the year, but reaching the end of 2020, the great depreciation of gold will likely to happen.
FX_IDC:XAUUSDEducation
by junosats
1
USDZAR Educational PostHappy Wednesday! As we continue our study of this pair USD/ZAR we see price is at a very key point in the market. The market opened on Sunday with a gap. Price continued it's descent and pulled back to the 38% key fib level, which is also right at the market open gap point. Will price trade above Sunday market open, which will lead us to higher price, or will price continue down after the pullback (rhetorical question). For now it's a good watch or perhaps a scalp. This is a study for demonstration and educational purposes only. Thanks for studying. We should visit back and play forward to see how price reacted, which helps us to build knowledge for future trade ideas. Sometimes the best trade to make is no trade at all, while we study price action. Please note, the arrows are not pointing towards a particular take profit area, but I am showing that price COULD reach these points. How do we know for sure? WE DON'T. We must continue to study price action along the way to gain better insight. Price action and market structure is EVERYTHING when studying for trade ideas. Price doesn't have to reach particular points. We see what the market is doing and REACT accordingly. Protection of capital is key. Please study progression of my previous ideas below to aid in your study. Study is most important versus taking signals. You build knowledge to call your own trades, independent of others traders ideas which are all speculation as well. We can only speculate, not dictate the markets. Feel free to offer your comments as well as we study the markets.
Education
by mrsceleste
2
BTC Short term viewHello fellas, welcome back with bitcoin update again and again. Coming to the consolidation zone, we can see a lot of frustation and a lot of uncertainty has came to this crypto space. The only good view is on the altcoin market which is holding its most of the bottom support. A coin like Omisego, Nano, and Stellar (beside the coin burn fundamental) has surged up from its bottom, this will once again become the indication of increasing attraction of free money to this altcoin market. Coming back to the bitcoin insight which always phenomenal and being unpredictable, I want to analyze it in short term view and in lower time frame. Based on my technical analysis, we can easily see that the $9500 has been a very very huge resistance for bitcoin. In last few days, we have seen a very sideways market. But, slowly the price is forming a higher low structure since October the 26th, 2019. Therefore, it forms like an ascending type of the triangle. Although a lot of bearish pressure has intimidate the bulls for a long time, but the bulls still remain strong and consistent at least at lower time frame. I could change my bias from bearish to bullish short term as if the price can break the $9500 and we can see a push further toward $9700 or even the $10000 region. But, as long as the resistance is remain valid, I am still bearish short term. Anything can happen in crypto market.
BITFINEX:BTCUSDEducation
by junosats
Ordered Chaos: "Confluence of 2": ETH Fib Map of Energy BandsEther is at an important resistance. Either it breaks double fibs above, Or it will reload at triple fibs below. Green Fib is pushing upward. Red Fib is pushing downward. Purple is pushing downward. Each Fib and its Ripples are noticed. 2 Fibs aligned increase the energy. 3 Fibs aligned amplify even more. Part of my ongoing series to share my methods. . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. Confluence of 2 is Dependable. Congruence of 3 is Respectable. Coincidence of 4 is Worshipable. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:ETHUSDEducation
by EuroMotif
Potential Money inflow in most of altcoinsHello fellas, In this current post, I will discuss about the crypto total market capitalization especially in altcoin market. So, what is the definition of market capitalization? Market capitalization refers to the total dollar market value of a company's outstanding shares of stock (in this topic the "outstanding shares" refers to "circulating supply"). So, here we go fellas! I am using the TOTAL2 which is the quote of crypto total market cap exclude the bitcoin. we can see on above chart that currently the value of altcoins is around $71 Billion. I do believe that this value will increase significantly until the end of the year. Based on technical side, it bounced from the 78.6 fibonacci retracement level. This area is known as the flavor of the year because most of the instrument has bounced when it touched this level back in 2018. This is simply the last support level before the previous swing low to make it double bottom pattern. If this bounce hold true, we will see the capitalization of the altcoins enter the $100 billion range again, refer to the golden pocket zone as well. Beside the $100 billions is the psychological number as well. If we see the capitalization increases, this will become a good indication of altcoins. we will see a tremendous money inflow to the altcoins market which will affect the price of most of altcoins. I do believe most of altcoins will have a beautiful end of year movement and bullish month ahead is coming for altcoins. This statement is having alignment with bitcoin dominance that shows a down trend pattern. I will assume the money inflow to altcoins is coming from money outflow from bitcoin's market.
CRYPTOCAP:TOTAL2Education
by junosats
"Pulse" of an asset times Fibonacci: Gold has Golden Rhythm Duh!Gorgeous example of the true structure of a wave. Gold and namesake Golden Ratio in perfect harmony here. This example is so perfect I felt it worthy of materialization. Notice the very precise turning points, which I call "Pings". Each Ping adds to validity (faith?) of ALL the other lines. It will take a new Impulse to shake Gold free of this rhythm. 4.236 is 1.618 cubed, how perfect of a number is that? 5.236 is the fomo push, late comers jumping on train. 3.236 or 2.236 are the most common retracements. This is part my ongoing series to collect examples of my Methodology. . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
OANDA:XAUUSDEducation
by EuroMotif
11
"Pulse" of an asset times Fibonacci: Bitcoin's 3rd Golden GrowthBitcoin has been expanding at the true Golden Ratio, 1.618 increases. Bitcoin has had three such waves growing out of the 3.1k bottom in 2018. Previously, every bottom to peak cycle has been of a similar type (1.618x). This growth pattern is the only way Nature grows any object or life-form. It is not as common in financial markets, except for in bubbles and Bitcoin :) Common is a "Linear" growth (2.618, 3.618, 4.618, ..9.618) as are most of my fib plots. Notice the relevance of each of these lines when approached from either side. Like rips in the Time-Space, all matter/energy must pause, retract, reconsider. The entire energy/money/emotion somehow reacts exactly at 9574 and 19 cents! Thus the unseen Order behind the observed Chaos. . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:BTCUSDEducation
by EuroMotif
2
BTC.USD example of a quick use of "Fibonacci Retracment" tool Posting as example in real time of a quick and easy measure. This plot shows two possible pathways of an "ABC Correction". Both options map an AB=BC (equal legs) move that is common. The above chart uses TV's "Fibonacci Retracement" tool. After placing the fib, I go into its "Settings" and make changes: - un-checked the "Background" option (thus no coloration) - un-checked many of the levels (and added some of my own) - Changed the color of some levels (to pair the red and green ones) The Fibonacci Retracement tool can be used as a custom Ruler. You can set ANY ratios/increments, say (.25/.50/.75) or (.1/.2/.../.9) You can set "Retracement" (+) as well as "Extension" (-) levels as needed. Normally I use multiple such Fibs to map the bigger picture. But this simple example occurs in all assets in all time frames. Also, which level it reaches says something of the strength of move.
COINBASE:BTCUSDEducation
by EuroMotif
Manipulation, Death Cross and Xi Jinping's statementHello fellas, welcome back to our Saturday update about bitcoin. Let's get to the point We have seen a 40% surge on bitcoin in 1 day of trading. However, even in crypto industry, this is still a tremendous moves so far and unfortunately, once again it indicates that the crypto market is showing its unstable circumstance which can easily manipulated. Just right before the 40% surge, the China president, Xi Jinping shared his view about bitcoin and announce a support on blockchain in China. However, this gives a tremendous effect on crypto market. Altcoin's market lose a lot of volume but on the other hand, money inflow in bitcoin is growing even faster. I believe that it is only the manipulation that some parties made to wipe out the people who short the market. I do expect a little pullback to the upside but I never thought that it was this tremendous. I am a type of the people who don't believe in fundamental analysis, I am 100% technical believer. All the short term spike is just manipulative as always. Now, look at the higher time frame of daily chart. After the 40% surge to the upside, today's candle produce the 12% wick of rejection and is still moving below the white resistance region. this white resistance region was the broken support that is now become resistance as well. And the white trend line is the resistance trend line that has held the price since june 26th, 2019. As long as the price is still moving below this trend line, I will still remain bearish as well. Another view on another technical indicator, which is EMA 55 and MA 200, we can easily deduce the death cross has already occured. However, death cross is always be the most respected factor to look for most of swing traders. I am expecting a daily candle closure will be below the EMA 55 which is the blue dynamic line to confirm this continuation of down trend.
BITFINEX:BTCUSDEducation
by junosats
"Pulse" of an asset times Fibonacci: Bitcoin's Best "Ping" yetOctober 25th 2019 has been one of the most volatile days in a long time. Yet, even during extreme stress and massive moves, the FIB still RULES. This "Ping" of the 5.236 and huge reaction was FATED as of Jun 26th 2019. This is part my ongoing series to collect examples of my Methodology. . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:BTCUSDEducation
by EuroMotif
3
"Pulse" of an asset times Fibonacci: XRP's perfect 4.236 waveXRP in a Picture Perfect example of an "Impulsive Wave". Peaked at most common extension for "Wave EndPoint". Retrace to be observed for gauge of "Trend Strength". This is part my ongoing series to collect examples of my Methodology. . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:XRPUSDEducation
by EuroMotif
2
"Pulse" of an asset times Fibonacci: BTC sprang to Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. This is part my ongoing series to collect examples of my Methodology. . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:BTCUSDEducation
by EuroMotif
Matic network with possible 50% gain on SWINGThis is a quick update analysis about some of altcoins which have a good potential to grow and produce a possible huge profit in the near future. Let's do the technical analysis. History is repeating itself is the most suitable quotes on MATIC here. we can see a similar pattern with previous structure in this huge up trend channel. we see a failure descending triangle which it broke to the upside. And in this current move, there is a possibility of it to repeating this previous pattern. A series of higher high and higher low can be a good reason for me to enter this trade. If the price breaks out of the upper line of the triangle, I will enter the position and targeting the upper line of the huge up trend channel. 2 potential target that have the alignment with the previous price action is at around 230 and 270. Watch out and let's be rich together.
MEducation
by junosats
"Pulse" of an asset times Fibonacci: LINK at key Impulse RedixAs you know, LINK has been the strongest Alt coin by far. Now at a key resistance, a break would unlock new highs. Expect some rejections, observe where it pulls back to. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. This is part my ongoing series to collect examples of my Methodology. . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
Education
by EuroMotif
Bitcoin : Short term view and review of yesterday's analysisHello fellas, How are you doing today? I hope you are doing great. Let's get to the point! If you have seen my yesterday's video analysis about bitcoin in short term and long term view (and if you haven't seen it, kindly see it on this link youtu.be ), you will be very familiar with some of this key levels drawn on the chart. After the action of breaking out of the green dotted trend resistance trend line with an absolute candle closure on 4 hours chart and a pretty good volume. But, once again I want to remind you that even at the most bullish market, it will still need the correction even at the smallest degree of the wave. That's why I try to make a relation with a possible elliot wave count on lower this 3 hours time frame. Orange zone is the golden pocket zone which I believe that it is the strongest resistance zone for short term basis. The green zone will become the strong support because it is simply the 50% of fibonacci level and it has a confluence with previous price action as key level. For short term, I firmly believe that bitcoin will touch the orange zone at least and the maximum retracement that could occur will be on the green zone as the key level. As long as the 4th wave hasn't move down to the territory of the top of the wave 1 (Not more than a wick), This scenario will be still active. My bias is remain the same, short term is bullish, but for long term we could see a horrible bearish scenario. Thank you
BITFINEX:BTCUSDEducation
by junosats
"Pulse" of an asset times Fibonacci: Ether at dire Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the buyers still there? Enough to absorb the selling power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. This is part my ongoing series to collect examples of my Methodology. . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:ETHUSDEducation
by EuroMotif