Fibonacci Retracement
May the 4th Be with Youback at it again. trying to make something out of this. been wrong most times on this coin. this new prediction is me reaching and hoping (might be a bad habit to try and force something). 5th wave could be done for now and we are retracing with a double zigzag (abc-W-X-abc-Y) and this idea is totally wrong. only time will tell...
Support and Resistance Levels with auto Fibonacci Setup TutorialIdentify horizontal support and resistance lines using your choice of 6 methods.
Available options
Lookback window: Number of bars back to consider in calculations
Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations
Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4 so 8 lines due to pine limitations. I can post separate scripts for each method that allow more depending on user feedback)
Use Custom Time Frame? (M1, M6, M5 only work if viewing lower TF): Set a custom timeframe in minutes, then 1D for daily, 3D for 3 daily etc.
Calculation offset: How many of the most recent bars to ignore in the calculations.
Update Frequency: How many bars to wait until updating the lines since the last update.
Things to tweak.
I still need to test the methods, depending on that and feedback I can post separate scripts for each method that allow more depending lines or scrap some.
I'll tweak the parameters for using linebreaks to scrap them. Currently required a three close through it (so two in one direction and one in the other).
Fibs don't work on the static timeframe as I've reached certain restriction in the coding system.
Link to Indicator
Below are some examples using the default settings (which I have not optimized as of yet)
Method 1
Method 2
Method 3
Method 4
Method 5
Method 6
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BTCUSD - Follow up from June 24 Private ideaThe 13 ema provides great support and resistance on the daily timeframe.
After the strong price action of June 24th, we saw the inability to trade below, a sign of strength.
We then punched the 13 ema on the 30th, another sign of strength.
The 3rd sign of strength was the retracement into and support on the FIbonacci 0.618/0.705/0.786. This was a great time to look for a long.
Once price punches the 13 and continues to be supported above, we should look for ongoing strength above the 50/55 ema as seen in the past.
I hope you enjoyed this follow up, once again, congrats Leo.
Technical Analysis of USD/JPY (*Sorry for a very bad audio*)
It is already past midnight morning here 1:00 am so I'm whispering and very lowering my voice so I won't wake up my family and roommates.
And very sorry for the bad background noise, Please use your earphone or headphone. Thank you
In this video or recording I show the significant support and resistance level of USD/JPY from 1D-4hr-2hr-1hr-30min-15min-5min-1min
I also show the Fibonnacci Retracement and Levels and for the potential pullbacks/consolidation.
I show the strength of the trend with my oscillator MACD_Alltimeframes, MACZ_VWAP, DeMarker(14), RSI lower_bar, etc.
And Indicator 3 EMA, Fractals, PSAR, EMA BB bands, TUX and Envelope etc.
I took alot of seminars and courses in or about trading stocks, indices, commodities, forex and derivatives etc. that's why I know alot of shit. I'm also undergrad of Finance and Economics. And planning to take QuantFinance in future for algorithmic and automated trading. Follow me in Instagram, Twitter, Kik, Snapchat,Facebook, Pinterest and Reddiet: llmichaelinzoll
ETH algo targets ETH has a trend of retracing to the 50% then dropping down to the -23.6%, we managed to make the 61.8 this last pop but again failed and possibly heading down to next algo target, whats it going to take to turn this market, News, an ETF..... i have no idea, comment if you do, at this point Im just riding it down with each new pivot making another low, pulling the fib ratios and trading off that, looking for the 50-61.8% retracement off each new low
LTCUSD - $115-$110 Happened! My Opinions On What's Next!!Short video to follow up to my videos calling for a dip to $130 and then to $115-$110 range. I still believe we might see a little more downside, so those areas I mention in the video are were I'll make my next move in terms of adding to my bags (not advise for anyone).
I'm a long terms holders, but I do take profit chunks here and there, so above $200 will be my first area to pull a little profit back, but I have much much higher TP areas for the long term.
I hope you enjoyed the video... give a like and leave a comment!
All my previous videos calling the dip down to where price action is currently at are linked below.
Target to Buy at $130 Hit - Could $115-$110 Be Next Short follow up to my 4/25 and 5/12 videos in (links below), which I called $130 as my target zone to buy more LTC. We've just hit this area within the past few hours, so I'm happy about that.
I think there is room for more downside, which I explain in the video. At present, I'm not making any mores unless price drops to that level or we see moves up to my take profit zone.
I hope you enjoyed the video, give a like and leave a comment.
$EOS BTC - Perhaps a bit more correction, about 12% or soGood day ladies and gents,
I'm going to leave this idea here as I will update it when we get closer to our trade zone. Likely we'll see this support for the push in the third wave. Big release coming up in June so we shouldn't discount higher price action in the mid to long term. The lower this goes, the better the discount gets.
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Zcash $ZEC BTC is that all we’re getting or is there more?Ladies and gentlemen, let's take a look at this beast.
Entries: 1/3 at .0385, 1/3 ether at 10% profit from first or .035, last third will be at the 4th wave retrace
Stop: below .034
Target: 0.135
Risk / reward ratio: 1:20
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
XRP/USD - I'm Thinking $.70 Again for Before Next MoveQuick video this evening on XPR and while in general cryptos have done well the past few days, i'm expecting a little more in terms of pull back on XRP.
I'm thinking $.70 area will be testing again, so me personally will be looking for this zone to pick up a little more XRP.
I hope you enjoyed the video, give a like and leave a comment.
on and check out www.soferox.com (Twin Blockchain); pretty cool in my opinion.
LTC/USD - Looking for a pull back to $130It's been weeks since my last video and I'm not just getting back the time needed to make a video. So LTC... if you're like me it's been nice seeing some green in the portfolio over the last couple of days. Definitely beats seeing the same old boring price action day after day.
So as the title mentions, i'm actually expecting a little pull back in addition to what we've seen today, which i explain why in the video.
I hope you enjoyed, give a like and leave me a comment.
[LTC-USD] SWING TRADE-BUYING -LTC REBOUNDS QUICKLY!Entered in a position at $160.29 but got dumped on. Canceled my stop loss so I wouldn't loose $200. Holdled with a swing trade, which is what this trade was all about anyway. Just didn't think It would dump on me like it did, since I had already bought low after a medium sized correction. But that's LTC for you. It can be more volatile than BTC. But that's what I love about Crypto. The volatility is awesome and the rebounds are freakin AWESOME! (lol)
After a huge dump about -7% down, the market rebounded quickly putting me now at $155.39, ultimately waiting to go full swing ahead and make a profit with a risk reward ratio of about 4. It will take about 4 days to reach the 5th final elliott wave leg of my projected cycle. Using Fib retracement levels I was able to project and model similar past play patterns and behavior for the last two elliott wave cycles as described on this video.
For a moment, I thought there was gonna be a huge massive correction like the one we have been expecting, but thank goodness that didn't happen right now. But it did dump on me! Recovery is underway and I will update this trade if I get at min 20 likes.
Thanks,
CryptoBuzzAnalysis loves ya!
PS: This is not financial advise, this is for education purposes. You must perform your own TA and perform your own risk management above anything else. Protecting your capital is first, making profit is second! That's how I see it! If you loose all your money than you can't play, and ladies and gentlemen this party is just about to get started for this year. Good luck!
BTC/USD - Back Testing a Fib Level - Will it hold?My update this evening on BTC. As mentioned in my linked post below, i mentioned price action would likely pull back to test this fib level and at present we are sitting pretty much right on it. I'm actually expecting price action to break a little lower. Possibly th $8200-$8400 area before we start to see price move up a bit.
Give a like and leave a comment with your thoughts on BTC. Thanks
XRP/USD - Still Have a Bearish Feeling - .50 cent area again?My opinion on XRP this afternoon... as the title mentions, I believe there is side downside potential, as I'm not seeing anything that says "to the mood", at least not yet.
My expectation is we'll retest the lower .886 month fib (blackline on chart). And when price does start moving the .75 level is the first target area and then $1.00.
If you enjoyed, give a like and leave a comment. Thanks