Fibonacci
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đ How I Made Over $2M Trading Alts: The Fibonacci Tool Explained đ§”
A quick note: No indicator is a cure-all. I use Fibonacci as just one of many tools. Always consider fundamentals like vesting, community, and market narrative alongside technical analysis.
đ¶ What are Fibonacci Levels?
Fibonacci levels are key support and resistance points derived from an infinite sequence of natural numbers. They help identify potential price reversal zones, especially in trending markets.
đ¶ Why Use Fibonacci?
1. To gauge the strength of market movements.
2. To find high-probability support and resistance levels.
đ¶ How to Use Fibonacci on TradingView?
⏠In an uptrend: Click the Swing Low and drag to the Swing High.
⏠In a downtrend: Click the Swing High and drag to the Swing Low.
đ¶ Key Fibonacci Levels:
⏠0.236-0.382 = Strong market đȘ
⏠0.5 = Normal âïž
⏠0.618-0.786 = Weaker trend đ
đ¶ Golden Pocket Retracement:
The zone between 0.618 and 0.66 is where strategic trades often happen.
đ¶ Magic of 1.618/2.618 Levels:
Use these levels to find new highs or set take-profit targets for breakouts.
Master these levels, and youâll be well on your way to making strategic, profitable trades!
#Crypto #Fibonacci #Trading #Altcoins
đ¶ What are Fibonacci Levels?
Fibonacci levels are key support and resistance points derived from an infinite sequence of natural numbers. They help identify potential price reversal zones, especially in trending markets.
đ¶ Why Use Fibonacci?
1. To gauge the strength of market movements.
2. To find high-probability support and resistance levels.
đ¶ How to Use Fibonacci on TradingView?
⏠In an uptrend: Click the Swing Low and drag to the Swing High.
⏠In a downtrend: Click the Swing High and drag to the Swing Low.
đ¶ Key Fibonacci Levels:
⏠0.236-0.382 = Strong market đȘ
⏠0.5 = Normal âïž
⏠0.618-0.786 = Weaker trend đ
đ¶ Golden Pocket Retracement:
The zone between 0.618 and 0.66 is where strategic trades often happen.
đ¶ Magic of 1.618/2.618 Levels:
Use these levels to find new highs or set take-profit targets for breakouts.
Master these levels, and youâll be well on your way to making strategic, profitable trades!
#Crypto #Fibonacci #Trading #Altcoins
$TON #TON #Fibonacci #FibonacciLevels this level is very strong 4.702 if it break this 4.75 is near #aceleration #writetowin $TON
Fibonacci Secrets
Fibonacci secrets revolve around the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones (0, 1, 1, 2, 3, 5, 8, 13, etc.). These numbers appear in various natural patterns, such as the arrangement of leaves, flower petals, and the spirals of shells.
In finance, Fibonacci ratios (like 23.6%, 38.2%, 61.8%) are used in technical analysis to predict potential support and resistance levels in price movements, helping traders make informed decisions. These ratios are derived from the sequence and are believed to reflect the natural rhythm of market
dynamics.
#Fibonacci #USDataImpact #NFPWatch #TON #Write2Earn!
Fibonacci secrets revolve around the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones (0, 1, 1, 2, 3, 5, 8, 13, etc.). These numbers appear in various natural patterns, such as the arrangement of leaves, flower petals, and the spirals of shells.
In finance, Fibonacci ratios (like 23.6%, 38.2%, 61.8%) are used in technical analysis to predict potential support and resistance levels in price movements, helping traders make informed decisions. These ratios are derived from the sequence and are believed to reflect the natural rhythm of market
dynamics.
#Fibonacci #USDataImpact #NFPWatch #TON #Write2Earn!
What If I told you $SUI will retrace 50% from
1.66usd to 0.88usd.
Well the chart never lies. I booked good profit
on spot. Now I am going to short 35% of profit
from SUI
Once again, Price target -0.88 USD
It also perfectly aligns with 0.618 fib
retracement.
#TechnicalAnalysis #Fibonacci #SUI #Write2Earn
1.66usd to 0.88usd.
Well the chart never lies. I booked good profit
on spot. Now I am going to short 35% of profit
from SUI
Once again, Price target -0.88 USD
It also perfectly aligns with 0.618 fib
retracement.
#TechnicalAnalysis #Fibonacci #SUI #Write2Earn
$NMR Get ready to load your shorts!
This will retrace back to 23.8$
#TechnicalAnalysis #Fibonacci #Write2Earn
This will retrace back to 23.8$
#TechnicalAnalysis #Fibonacci #Write2Earn
Technical Analysis of Bitcoin (BTC) and Ethereum (ETH) (as of April 16, 2024)
Market Sentiment:
The overall sentiment in the cryptocurrency market remains cautious. Recent price declines, particularly for Bitcoin, have dampened enthusiasm. Trading volumes remain subdued, reflecting investor hesitancy.
Bitcoin (BTC):
Current Price: $BTC
Trend: Short-term downtrend.
Fibonacci Levels: Using the most recent swing high of ~$70,000 and swing low of ~$50,000, key Fibonacci retracement levels sit at:
Support: ~$53,800 (38.2% retracement) & ~$46,200 (50% retracement)
Resistance (previously mentioned): ~$61,800 (23.6% retracement) & ~$67,600 (14.6% retracement)
Analysis: While $BTC has recovered slightly from its intraday lows, it's still trading below the crucial $64,000 level. A break below this level could trigger a test of the support zones mentioned above. A sustained move below $46,200 would indicate a steeper decline. Conversely, a daily close above $64,000 might suggest a short-term trend reversal.
Ethereum (ETH):
Current Price: $ETH
Trend: Similar to BTC, ETH is in a short-term downtrend.
Fibonacci Levels: Using the most recent swing high of ~$4,800 and swing low of ~$3,200, key Fibonacci retracement levels sit at:
Support: ~$3,700 (38.2% retracement) & ~$3,200 (50% retracement)
Resistance (previously mentioned): ~$4,200 (23.6% retracement) & ~$4,400 (14.6% retracement)
Analysis: ETH finds itself in a precarious position. The current price sits very close to the 50% retracement level, indicating a potential turning point. A breakdown below $3,200 could exacerbate the downtrend. Conversely, a daily close above $3,400 might signal a potential recovery towards the $3,700 support zone and eventually the previous highs.
#bitcoinhalving #BullorBear #Fibonacci #retracement
Market Sentiment:
The overall sentiment in the cryptocurrency market remains cautious. Recent price declines, particularly for Bitcoin, have dampened enthusiasm. Trading volumes remain subdued, reflecting investor hesitancy.
Bitcoin (BTC):
Current Price: $BTC
Trend: Short-term downtrend.
Fibonacci Levels: Using the most recent swing high of ~$70,000 and swing low of ~$50,000, key Fibonacci retracement levels sit at:
Support: ~$53,800 (38.2% retracement) & ~$46,200 (50% retracement)
Resistance (previously mentioned): ~$61,800 (23.6% retracement) & ~$67,600 (14.6% retracement)
Analysis: While $BTC has recovered slightly from its intraday lows, it's still trading below the crucial $64,000 level. A break below this level could trigger a test of the support zones mentioned above. A sustained move below $46,200 would indicate a steeper decline. Conversely, a daily close above $64,000 might suggest a short-term trend reversal.
Ethereum (ETH):
Current Price: $ETH
Trend: Similar to BTC, ETH is in a short-term downtrend.
Fibonacci Levels: Using the most recent swing high of ~$4,800 and swing low of ~$3,200, key Fibonacci retracement levels sit at:
Support: ~$3,700 (38.2% retracement) & ~$3,200 (50% retracement)
Resistance (previously mentioned): ~$4,200 (23.6% retracement) & ~$4,400 (14.6% retracement)
Analysis: ETH finds itself in a precarious position. The current price sits very close to the 50% retracement level, indicating a potential turning point. A breakdown below $3,200 could exacerbate the downtrend. Conversely, a daily close above $3,400 might signal a potential recovery towards the $3,700 support zone and eventually the previous highs.
#bitcoinhalving #BullorBear #Fibonacci #retracement
Market Update -
The update highlights #Bitcoin's remarkable performance, with a 48% increase in the month. It suggests that Bitcoin's upward movement may not be over yet.
The analysis shares an exclusive chart indicating that when Bitcoin breaks the #Fibonacci Golden Ratio of 0.618, it tends to enter a parabolic structure. Similar to previous instances, when Bitcoin jumped from $47k to $64k in a short period, the expectation is for back-to-back significant candles on the $BTC chart.
Key resistance levels are identified at $64k to $69k, while support levels are noted between $48k and $52k. The update reminds traders that any 25%-30% correction in Bitcoin could present a buying opportunity.
Additionally, it mentions the upcoming #halvingbitcoin event on April 20, which could influence #MarketSentiments and price action. Overall, the analysis suggests continued #BullishMomentum. for Bitcoin, with potential opportunities for traders to capitalize on price movements.
$WBTC $ETH
The update highlights #Bitcoin's remarkable performance, with a 48% increase in the month. It suggests that Bitcoin's upward movement may not be over yet.
The analysis shares an exclusive chart indicating that when Bitcoin breaks the #Fibonacci Golden Ratio of 0.618, it tends to enter a parabolic structure. Similar to previous instances, when Bitcoin jumped from $47k to $64k in a short period, the expectation is for back-to-back significant candles on the $BTC chart.
Key resistance levels are identified at $64k to $69k, while support levels are noted between $48k and $52k. The update reminds traders that any 25%-30% correction in Bitcoin could present a buying opportunity.
Additionally, it mentions the upcoming #halvingbitcoin event on April 20, which could influence #MarketSentiments and price action. Overall, the analysis suggests continued #BullishMomentum. for Bitcoin, with potential opportunities for traders to capitalize on price movements.
$WBTC $ETH
On a daily chart there is a pullback which forms a pin bar on a Fibonacci at 61.8%. The other conformation is the breakout of the trend line.đ#DailyTrade #Pullback #Fibonacci #TrendlineBreakout #bitcoinâïž
Ethereum (ETH) Ready to Explode: Analysts Predict It Could Rise to $5,000.
*Ethereum could make a potential comeback towards the $5,000 level thanks to key long-term indicators.
*Finally, the SEC's approval of eight spot Ethereum ETFs has significantly increased investor interest.
*Blockchain Mane emphasizes the importance of Fibonacci Retracement and Parabolic Curve in predicting Ethereum's price movements.
Discover the latest insights on Ethereum's potential comeback, fueled by key technical indicators and recent regulatory developments. The U.S. Securities and Exchange Commission (SEC) approved eight spot #Ethereum exchange-traded funds (ETFs) on May 23. This regulatory milestone resulted in a 19.56% increase in Ethereum's dominance, according to TradingView data. The approval triggered growing investor interest, signaling a potential bull run for Ethereum.
Blockchain Mane highlights the importance of the Fibonacci Retracement pattern, a critical support indicator that determines Ethereum's recovery potential. #Fibonacci levels show resistance targets at $5,080.60 and $6,231.83. Currently, Ethereum is trading at $3,802, which is significantly off its November 2021 peak of $4,878.
$BTC $ETH
*Ethereum could make a potential comeback towards the $5,000 level thanks to key long-term indicators.
*Finally, the SEC's approval of eight spot Ethereum ETFs has significantly increased investor interest.
*Blockchain Mane emphasizes the importance of Fibonacci Retracement and Parabolic Curve in predicting Ethereum's price movements.
Discover the latest insights on Ethereum's potential comeback, fueled by key technical indicators and recent regulatory developments. The U.S. Securities and Exchange Commission (SEC) approved eight spot #Ethereum exchange-traded funds (ETFs) on May 23. This regulatory milestone resulted in a 19.56% increase in Ethereum's dominance, according to TradingView data. The approval triggered growing investor interest, signaling a potential bull run for Ethereum.
Blockchain Mane highlights the importance of the Fibonacci Retracement pattern, a critical support indicator that determines Ethereum's recovery potential. #Fibonacci levels show resistance targets at $5,080.60 and $6,231.83. Currently, Ethereum is trading at $3,802, which is significantly off its November 2021 peak of $4,878.
$BTC $ETH
#BTC 4 Hours TF Update đą
- EMA 500 Bounce with a nice reaction so far
The rest stills the same đ
- Symmetrical Triangle Pattern (technical chart pattern that forms when the price of an asset is consolidating between two converging trendlines).
- Before a Break we'll see a test/retest on both
- The closer to the Apex, the greater the volatility of the break
- All important #Fibonacci  Levels for potencial break or bounce
NO FINANCIAL ADVICE and Stay Safe
#dyor
$BTC
- EMA 500 Bounce with a nice reaction so far
The rest stills the same đ
- Symmetrical Triangle Pattern (technical chart pattern that forms when the price of an asset is consolidating between two converging trendlines).
- Before a Break we'll see a test/retest on both
- The closer to the Apex, the greater the volatility of the break
- All important #Fibonacci  Levels for potencial break or bounce
NO FINANCIAL ADVICE and Stay Safe
#dyor
$BTC
LIVEvsanchez
--
#Bitcoin All you need to know đ
- Symmetrical Triangle Pattern (technical chart pattern that forms when the price of an asset is consolidating between two converging trendlines).
- Before a Break we'll see a test/retest on both
- The closer to the Apex, the greater the volatility of the break
- All important #Fibonacci Levels for potencial break or bounce
NO FINANCIAL ADVICE and Stay Safe
#dyor
$BTC
- Symmetrical Triangle Pattern (technical chart pattern that forms when the price of an asset is consolidating between two converging trendlines).
- Before a Break we'll see a test/retest on both
- The closer to the Apex, the greater the volatility of the break
- All important #Fibonacci Levels for potencial break or bounce
NO FINANCIAL ADVICE and Stay Safe
#dyor
$BTC
I have taken a screenshot of the current configuration to show that PEPE is in a rebound zone.
This screenshot demonstrates various technical parameters, indicating why I am bullish on PEPE.
The RSI is in an oversold region and is gradually starting to recover. Additionally, there is a trendline showing that the trend has hit three low points, and we have just touched the third low point. It is unlikely to go any lower because we are also at the 0.78 Fibonacci retracement level.
Therefore, the correction should be over, and it is highly likely that there will be an upward movement in the coming week.
I would love to hear your thoughts and feelings regarding my analysis. Please feel free to share your impressions!
#TechnicalAnalysis #RSI #Fibonacci #pepecoinđž #pepeâĄ
This screenshot demonstrates various technical parameters, indicating why I am bullish on PEPE.
The RSI is in an oversold region and is gradually starting to recover. Additionally, there is a trendline showing that the trend has hit three low points, and we have just touched the third low point. It is unlikely to go any lower because we are also at the 0.78 Fibonacci retracement level.
Therefore, the correction should be over, and it is highly likely that there will be an upward movement in the coming week.
I would love to hear your thoughts and feelings regarding my analysis. Please feel free to share your impressions!
#TechnicalAnalysis #RSI #Fibonacci #pepecoinđž #pepeâĄ
Here are 10 key indicators that new crypto traders should master:
1. Moving Averages - MA lines help identify support/resistance levels and trend direction. Ex: 50-day, 200-day MAs.
2. #Volume - Higher volume typically indicates increased interest and important price levels.
3. #RSI (Relative Strength Index) - Measures overbought/oversold conditions in the market. Values above 70 = overbought, below 30 = oversold.
4. #MACD (Moving Average Convergence Divergence) - Shows relationship between two MAs to identify momentum and trend changes.
5. Bollinger Bands - Volatility bands that contract during consolidations and expand during price breakouts.
6. Ichimoku Cloud - Identifies support/resistance levels, momentum, and trend direction. Made up of multiple lines/indicators.
7. Stochastic Oscillator - Measures overbought/oversold conditions like RSI but with different formula.
8. #Fibonacci Retracements - Key Fib levels identify support/resistance zones especially for pullbacks/corrections.
9. Candlestick Patterns - Formations like Doji, Hammer, etc. indicate potential reversals or trend continuations.
10. Trend Lines - Connecting swing highs/lows to identify uptrend/downtrend and potential breakouts.
Mastering these top 10 indicators can greatly improve a new #crypto trader's market analysis and trading strategy.
$BTC $ETH $BNB
1. Moving Averages - MA lines help identify support/resistance levels and trend direction. Ex: 50-day, 200-day MAs.
2. #Volume - Higher volume typically indicates increased interest and important price levels.
3. #RSI (Relative Strength Index) - Measures overbought/oversold conditions in the market. Values above 70 = overbought, below 30 = oversold.
4. #MACD (Moving Average Convergence Divergence) - Shows relationship between two MAs to identify momentum and trend changes.
5. Bollinger Bands - Volatility bands that contract during consolidations and expand during price breakouts.
6. Ichimoku Cloud - Identifies support/resistance levels, momentum, and trend direction. Made up of multiple lines/indicators.
7. Stochastic Oscillator - Measures overbought/oversold conditions like RSI but with different formula.
8. #Fibonacci Retracements - Key Fib levels identify support/resistance zones especially for pullbacks/corrections.
9. Candlestick Patterns - Formations like Doji, Hammer, etc. indicate potential reversals or trend continuations.
10. Trend Lines - Connecting swing highs/lows to identify uptrend/downtrend and potential breakouts.
Mastering these top 10 indicators can greatly improve a new #crypto trader's market analysis and trading strategy.
$BTC $ETH $BNB
#Comp 15 Minutes Analysis
How I use #bollingerbands + #RSI + My #Fibonacci Retracement levels Strategy to find Entry/TP
- BB Squeeze
- Price Sideways
- Bounce on my Fib Level
- RSI bounce on positive side
First #takeprofit on the last spike (between 25%/50%)
This is just another way that I use to trade using different Indicator.
My sincere advice to everyone is to test/learn various indicators, tools and strategies until everything gets mechanical in your head to quickly identify the best patterns.
$BNB
How I use #bollingerbands + #RSI + My #Fibonacci Retracement levels Strategy to find Entry/TP
- BB Squeeze
- Price Sideways
- Bounce on my Fib Level
- RSI bounce on positive side
First #takeprofit on the last spike (between 25%/50%)
This is just another way that I use to trade using different Indicator.
My sincere advice to everyone is to test/learn various indicators, tools and strategies until everything gets mechanical in your head to quickly identify the best patterns.
$BNB
With respect to the #bitcoin ATH in November 2021, the current spot price is finding support at the -61.8% #Golden Ratio #Fibonacci Retracement at $26.2K.
#BTC #cryptotrading
#BTC #cryptotrading
Sol/Usdt Long .....to the MOON đđđđ
Take Entry Now !!
Target 160$.......170$...
#Fibonacci
#SolanaTrade
#spotsignal
#FutureTradding
Margin 5%
Leverage 20x.
$SOL
Take Entry Now !!
Target 160$.......170$...
#Fibonacci
#SolanaTrade
#spotsignal
#FutureTradding
Margin 5%
Leverage 20x.
$SOL