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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.
jackdavidpiney jackdavidpiney BTCUSD, 1W, Short ,
BTCUSD: Bitcoin Bears are back. The weekly 55 EMA... $7400
345 6 7
BTCUSD, 1W Short
Bitcoin Bears are back. The weekly 55 EMA... $7400

$7400 shouldn't surprise anyone, 20-40% corrections are commonplace in BTC price history. Failure to the drive into Ichimoku Cloud resistance, the Swing High and failure of 9 & 20 EMA support prompted this chart, and although most know me as a bull we can't let our bias get in the way of our technical analysis. Measuring from the lowest body of the 2014 ...

Claty123 Claty123 USDJPY, 1D, Short ,
USDJPY: USDJPY Double Top Sell Stop
121 5 5
USDJPY, 1D Short
USDJPY Double Top Sell Stop

USDJPY Failed again yesterday at the 110 handle, a huge psychological level for the pair, it also sits on 61.8% fib from the jan to march sell off. we now have a double top forming, i have set a sell stop at 108.5, as if the double top neckline breaks we'll potentially see it fall to fresh 2018 lows. Have we just set a new lower high on the daily? could we be ...

jackdavidpiney jackdavidpiney BTCUSD, 1W,
BTCUSD: Bitcoin
81 1 2
BTCUSD, 1W
Bitcoin

Short 8400 support or 7k retest? Looking for .618 Support. $8400 Expecting .705 to hold. $7000 Notes: 55 EMA support RSI divergence. Trend. MACD possibly dipping under 0. (Not happened since 2014.) T3 CCI failed to cross above 0. Ichimoku Fail.

jameszilz jameszilz XRPUSD, 1D,
XRPUSD: XRPUSD Possible Bull Pennant and RSI reset on daily chart
64 0 1
XRPUSD, 1D
XRPUSD Possible Bull Pennant and RSI reset on daily chart

I am new to this so please don't take this as advice. Looking at XRPUSD for a while, I bought a long time ago during the FOMO stage, looking to get back in and lower cost per coin average. The daily chart appears to show a Bull Pennant has formed, the daily RSI has reset as has the 1hr RSI. It appears a long overdue increase to me, I have measured the most ...

evert.tracks evert.tracks USDCHF, 1D, Long ,
USDCHF: USDCHF 1-May-2018 Upward trend (D)
28 1 1
USDCHF, 1D Long
USDCHF 1-May-2018 Upward trend (D)

Swissie is still moving upwards and have 3 positions open 1. 24-Apr bought at 0.9785 2. 25-Apr bought at 0.9831 3. 27-Apr bought at 0.9908 Initial Stop at 0.9699 Current trailing stop at 0.9816

ArminZed ArminZed EURUSD, 1M,
EURUSD: EUR USD  ( Long-Term Analysis )
684 4 15
EURUSD, 1M
EUR USD ( Long-Term Analysis )

If you like to trade long-term, this is what I see, hope it helps. Good luck! Would you like to receive more charts, please follow me :)

dtr2000 dtr2000 GBPCAD, 1W, Long ,
GBPCAD:  Long GBPCAD
28 0 1
GBPCAD, 1W Long
Long GBPCAD

Looking for Long entry on pull back :-)

JohnnyPurtoy98 JohnnyPurtoy98 USDCHF, 240,
USDCHF: USDCHF - retracement taking place
12 0 0
USDCHF, 240
USDCHF - retracement taking place

The price is currently retracing, it is approaching the 0.382 level, which may be the level which the price would bounce. This pair needs to be watched over the coming hours and days for a bounce.

JohnnyPurtoy98 JohnnyPurtoy98 GBPUSD, 1D, Long ,
GBPUSD: GBPUSD - retracement very likely
25 0 0
GBPUSD, 1D Long
GBPUSD - retracement very likely

It is very likely that a retracement is going to take place soon with this currency pair, due to the overextended market conditions. I believe that the price would retrace to the 0.382 level on the Fibonacci retracement, this is also inline with the neckline of the double top that had formed before this bearish move.

JohnnyPurtoy98 JohnnyPurtoy98 USDCAD, 60, Short ,
USDCAD: USDCAD - end of the retracement
26 0 0
USDCAD, 60 Short
USDCAD - end of the retracement

It looks like the price has retraced and bounced twice of the 0.382 level of the Fibonacci retracement levels. This shows that the currency pair has not got enough strength to move further up. This looks to be the end of the retracement and further bear moves are looking more and more likely, the RSI is currently in a neutral position.

thor08 thor08 BTCUSD, 1D, Short ,
BTCUSD: Down ! Warning.
34 0 0
BTCUSD, 1D Short
Down ! Warning.

Dangerously down, BTC just broke a support that shouldn't have been broken, it happened yesterday and the only way to come back to up trend is to return to the up channel within 48hrs ! -Now it only remains 36 hrs. Why ? Because many algorithms trade within 2 daily candles in trend, therefore if in 2 days this is not back into the upline, you could expect a deeper ...

Jack_Boulevard Jack_Boulevard VIBBTC, 30, Long ,
VIBBTC: VIBBTC BITTREX UPDATE
15 0 2
VIBBTC, 30 Long
VIBBTC BITTREX UPDATE

VIB yet again showing me why it is my fav coin to trade. Another good gain last night/this morning for a 13% profit taken. It is now retracing sharply again and nearing my buy zone. Will be watching closely when it enters this purple area. Starting around the 61.8% fib level.

thor08 thor08 BTCUSD, 1D,
BTCUSD: Down against Up.Two Channel fight.
29 0 0
BTCUSD, 1D
Down against Up.Two Channel fight.

I just came to realize that this week we crossed a very important line resistance to scape from the major down channel which I thought it was over. Of course the price fell down, but as far as price doesn't breaks the red line I have pointed out, I think this pair may remain up. Trade your plan. Good luck ! :)

Makeyourownluck Makeyourownluck BTCUSD, 1D, Long ,
BTCUSD: BTCUSD. Can we move it, move it?. I Like to, MOVE IT, MOVE IT
161 0 1
BTCUSD, 1D Long
BTCUSD. Can we move it, move it?. I Like to, MOVE IT, MOVE IT

Come BTCUSD lets break $10k wall. Everyone FOMO in today... Go!!! (kidding)

JasonJohnEvans JasonJohnEvans GBPAUD, 240, Long ,
GBPAUD: GBP/AUD
35 0 1
GBPAUD, 240 Long
GBP/AUD

could see it retest 1.79183 however i believe it will retrace at least 50% up to price of 1.80750

thor08 thor08 BTCUSD, 1D, Long ,
BTCUSD: UP. New Channel formation with up trend.
45 0 2
BTCUSD, 1D Long
UP. New Channel formation with up trend.

I think this pair may go down briefly up to 7,300 mark, that's OK and still will keep going on uptrend, for the long term of course. Good luck. Thor08

Jack_Boulevard Jack_Boulevard ZRXBTC, 240, Long ,
ZRXBTC: ZRXBTC
68 0 1
ZRXBTC, 240 Long
ZRXBTC

Looking at Fibonacci for an entry on ZRX and picked up a really nice bounce off the 61.8%. Looking for it to continue to push up and retest the previous high. Either forming a double top or breaking through and continuing up. Looking at taking profit at previous structure.

tradepen7 tradepen7 GBPNZD, 240,
GBPNZD: GBP/NZD
24 0 1
GBPNZD, 240
GBP/NZD

GBP/NZD may move to the upside on the 4hr , possible entries on fib retracement 6.18 with entry at 1.9315 https://www.tradingview.com/x/gJp7UuW2/

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