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Fibs

ROSE targets above Rose/Usdt #ROSE #roseusdtHere we see our Rose 3 day chart .You can see that dark blue 200 MA line above us near .1472 and I think that's definitely a target we'll be going towards soon . But if we follow FET and break over that dark blue 200 MA then what are the targets above there ? Because we're going to look for the possible top of this run . Well, for that we have to look at our fib lines . That's our fibonacci lines . These are often an area that gets revisited on any altcoin chart . And for ROSE tether pair we can see to the right hand side of the chart there are some dotted lines and those are next to the probable target price areas . First target is the .618 fib near 38 cents . If other altcoins are running up to these levels then we can expect to probably see Rose go up there too . Next target is the .65 fib near 40 cents - this .65 fib is called "The Golden Fib " and could definitely be a top target . The last target for now and possible top could be the .706 fib near 43 cents - this .706 fib is often thought of as a reversal area as well . So if our possible alt run continues then we could look for these targets . At this point most people think Bitcoin bottom was in back in November and that the market is going back up - at least for awhile . Let's see .
Long
by shimmeringpath
6
BTC-USDT Long Term Perspective leading to bottom of bear marketThis chart has been saved now for a month since I noticed the correlation and started suggesting we could see the move start to play out and it has now started the first leg of the run down which correlates right around this March 20th spring equinox, which all adds up to the fibs in the charts. Fib cirlces is not a metric I see many people mess with, but I have found in all of my relative experience that anything fib related seems to be some of the most accurate measuring units, whether its simple fib retracements/extensions, or more advanced metrics such as circles, channels, wedges, etc. which I assume has to do with the fact that fibs in general are based off the mathematical idea of fib sequencing which is based off of real life patterns seen amongst all things in the natural world. This is also why I like to give fibs the benefit of the doubt more often than not due to the fact that I personally believe anything that can be seen in nature with the high volume we see fibs for example, has to have some bearing when compared to charting, which we all know is based highly off of raw human emotion, therefore giving this chart the respect I have since noticing the pattern. I believe we will see more downside, and I do believe we will bottom right around 9.5 as there again is correlation, once again finding 3 specific points of confluence, just as noted with this last drop in the market that started the last 24 hours and is still playing out. We will see bounces that serve as more bear market relief rallys, but that is all these small points of upward movements are. Therefore is you are a long term style investor, that information would suggest waiting for more downside before DCAing into your position, or however you prefer to invest. And for those of us who daytrade, swing trade, scalp, etc. know that this will not go straight down but will crab as usual, with waterfall drops playing out during the continued downside, which I give until the fall equinox this year. Therefore, expect the bottom to play out in the fall sometime, before we finally see sustainable higher highs, etc. I will update weekly, but wanted to start by giving a brief macro synopsis, and apologize to anyone who finds this informative that I did not publish this sooner. I am just now learning how to do all this publishing stuff and so bare with me, no pun intended.. lol. but seriously, I am sorry as I have been posting non stop now in the chat for a month and just hope there was at least one person I helped either to make money, or refrain which in return helped them from losing money, which I have learned in my short career of trading for a living, that more times than not, saving money by not entering has been so crucial, often times way more so than that big trade that realistically only happens a couple times a month. The majority of doing this for a living is having the patience to wait for these solid moves, which I wish I knew when I first started. (that and the fact that any type of larger leverage will be your death) - Learn to trade with 5x or less and thank me later. Anyways, back to the point, I will upload as much as needed for hopefully anyone looking to get into trading, or more specifically interested in BTC, I hope my idea from here on out play as a beneficial piece to your success, and look forward to any criticism as that sharpens my skills, and of course questions or praise are gladly accepted. -Alex
by Alexander_Thaddeus
1
ETHThinking ETH will keep grinding higher while BTC corrects. If you watch ETH longs on Bitfinex you can clearly see that longs are at very low levels. While watching BTC longs on Bitfinex we can see that the trend is parabolic and bitcoin longs are just full ape mode. Would make sense as well since many alts are lagging the huge BTC move off the $15K lows. Unless you altcion bag has the words AI in their coin summary bio , well then you likely missed most of the Jan- Feb pump.
BITSTAMP:ETHUSDLong
by Big_Mike716
BTCUSDT - Possible Bullish Gartley Harmonic12 Hour Time Frame UTC+1 Fib pulled from X to A with confluence on 0.618 and nPoc (s) at 22,500 to 22,650 for first impulse move. Looking at a retest at these values. Should this retest fail, that would probably invalidate the pattern. Should the pattern continue to play out, will be looking at resistance drawn from Fib pulled from A to B, 0.618 resistance or 0.888 typical Gartley Fib. Should the pattern continue to play out, will be looking at a retracement back to daily at 0.782 between X and D impulse. Will be looking for a bounce at 0.382 (or 0.5 not on chart) for momentum to the upside as well to the upside.
BINANCE:BTCUSD.P
by hmaroudas
1
BTCUSDT - Descending Triangle After loosing a key Weekly on a move to the downside, next question is where to next right? Spent the morning trying to second guess the market and in essence try predict the price. Garbage. Trade the moment and whats in front of you. Knowledge is power. Well respected in my opinion backed by some decent fibs is a descending triangle. Fibs drawn from highs to lows, where 0.618 resistance levels within the triangle seem to be well respected. The 3rd of which is an estimate. Breakouts, I suspect are outside the triangle, with each of the previous Fibs at 0.618 acting again as resistance. Target low should the price break down, be the fib extensions 1:1, in red. 1 particular of interest is the nPoc at 22,500. Note: 4 consecutive days where the price hasnt broken higher then the day (or previous day close). Ill consider bullish momentum should we break above yesterdays close price, especially a closing a day.
by hmaroudas
1
BTCUSDT - Trading Range (Possible New)2Hour Chart - UTC+1 My best effort attempting to draw a trading range that if the price breaks what I think is the top of the previous range, will form a new range. Trading range: Bottom 24,300 Top 28,400 and Middle 25,700. At the time of writing, possible retest of the top of previous range. Having hit the weekly at 24,295 could possibly be a signal that we continue this new range, keeping in mind the daily resistance levels above. Fibs: A continuation from last range. Fib Channel from low on Saturday 14 Jan at 11:00, to low Mon 13 Feb at 17:00, to high Thurs 2 Feb at 01:00. I have drawn 2 Fib retracement levels, and using them for Fib Expansion levels to determine possible support and resistance levels for price action above. I am doing this because between the range, either price went up very quickly or, went down very quickly. This has not left much for support and resistance as far as monthly, weekly, and daily horizontals are concerned. Interesting that both Fibs extend to top at Fib expansion 2 same price range and top. * For both Fib retracement levels I'm using the expansion levels at 1.133, 1.272, 1.414, 1.618, and 2 as support/resistance levels. Indicators as new price discovery levels where there are no timely support/resistance levels. Particularly of interest where there are intersections with timely support levels, such as 1.133 and daily at 24,631. - Fib retracemet (Extended line to the right) from high Thurs 2 Feb at 01:00 to low Monday 13 Feb at 17:00. 1.133 already proven to be a fair enough resistance and possible support. 1.272 seemingly a resistance level. - Fib retracemet from high Thurs 16 Feb at 17:00 to low Friday 17 Feb at 01:00. 0.382 (inverse 0.618) had a good reaction to the upside. 0.618 (inverse 0.382) noticeable resistance. 0.618 a nice alignment with other fib level 1.133, may be an indicator of flipping resistance into support, and good setup for the daily at 24,631 (just an idea). It's worth noting that Fib 1.618 in the previous run up and in the previous range, was the middle of the range for that range. I have chosen to be conservative and rather let time play out before calling it a middle in this possible new range. If this were the case, it would change the top of the range to what I think at approximately 28,600. Assumptions: All monthly, weekly, daily, and nPoc Horizontal rays act as support and resistance levels (* dashed lines are ends of wicks on the retrospective level). Support when price is above and resistance on price action below. Fib channel also used for indication of past and present possible support/resistance levels.
by hmaroudas