Pulse of an asset in Fibonacci: BTC at MAJOR Impulse Reedux"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 particular Impulse was of a large amplitude intially,
Thus the large Ripples and Reach from 10.3k down to 3.8k.
Upon return to Impulse, the battle zone will be a large range.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
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.
Fibonacci
Get your Fibonacci tool to auto draw the zones you wantThis is how my fib tool look now - only showing the background color of the levels I want. Neat!
I used to draw the zones between 50% - just over 61,8% fib retracement using rectangles. I figured out a little hack to make the fib retracement tool do it for me automagically. Check out a tutorial here:
Assuming parallel channel and the key levelsHappy Monday and happy new week. Welcome to the first day of the next beautiful week hopefully. Let's come back to the technical analysis of bitcoin again.
Looking at the chart applied, the price of bitcoin has formed a parallel channel. Because of this parallel channel, there are some levels that may we consider as the key levels for bitcoin.
1. The first key level is at current level which price are trending at. Like what I've always anticipated on some of previous analysis, current level is having an alignment with the previous price action, median line of the channel, golden pocket and the 1000 moving average on daily time frame. With all of this confluence factors, I will expect a liquidation area of yellow will be touched during a potential choppy condition.
2. The 2nd key level is at $9121 region which is the next area of resistance if the price can breaks through current resistance level. This area however is the area of confluence between the previous price action and the 78.6% fibonacci retracement. Beside, there is high probability of this level will have an alignment with the upper line of the channel when the price has the continuation trend toward this region.
3. The 3rd key level is at around $5200 - $4900 region as the previous candle's body of the swing low candle. This area however is the area of interest of the swing trader which is waiting for opening their long position. If the price gets a rejection at current area of resistance, I do believe that the price will have a leg down to at least this area of support or even lower to the $4000 region which could have an alignment with the lower line of the channel.
These are the key levels that I will anticipate for now. I'm still staying on my current bias which is potentially bullish on a short term but still feel pessimistic for longer term. That's why I'm more leaning toward the downside for long term. Short term, we still can see a push toward the liquidation zone.
Fibonacci WavesAn idea regarding Fibonacci
I believe the price within the arcs of the fibonacci circle move in waves
With 1.618 being a bearish wave in this case, with a bullish transition to another ring.
There seems to be a clear relationship between 1.618 and .618 its probably simple for someone more knowledgeable in this field which I am still learning.
Explains on chart.
If anyone knows more about this comment please.
Pulse of an asset in Fibonacci: BTC at minor Impulse ReduxGlobal markets in turmoil.
Nobody anywhere wants oil.
Corona still being a gargoyle.
But there is order within the chaos.
Cuz the waves crest only on the rocks.
For those who see can set their stops.
"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.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
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
.
EURUSD: butterfly pattern + the price is breaking out?Happy Easter Monday catholic traders!
Today the volatility should be low, however it could be possible, that there is a butterfly pattern forming on daily time-frame in EURUSD + the price is breaking out of the descending triangle chart pattern, which signals that the price could start going higher...
However, moving average indicates that the trend (bias) is still bearish, which means further price confirmation is needed before joining bulls.
Fundamentally, I would like to highlight some cons and pros, which might give a broader view about the current economic situation in both US and EU and might support the technical picture:
Cons:
1. COVID-19 stats in EU are still pretty bad and number of confirmed cases are growing more than 2% in major European countries, while in USA the growing pace is around 1% (as of today)
2. USD could act as safe-heaven asset once-again, if equity market provides one more leg lower, thus it's possible to see another USD bullish rally in shorter term.
3. Despite of monetary easing, interest rate is still higher in US, meaning that swaps are negative, if buying EUR against USD
4. Unemployment rate in Euro area is higher (4,4% against 7,9% forecast), than in US (as of March 2020)
5. GDP Growth rate in US is 2,1%, while in Euro area it's 0,1% ( as of Dec 2019)
6. Inflation rate in US is 1,5%, while in Euro are it's 0,7% (as of March 2020).
Pros:
1. USA has the highest number of COVID-19 confirmed cases
2. Consensus around eurobonds could support EUR and might act as a strong signal that Europe stands together
3. FED liquidity injection must have weakening impact on USD and lot's of companies are still going to default
4. Current account to GDP in US is -2,3%, while in Euro area it's +3,1% (as of Dec 2019)
5. Government debt to GDP in US is 107%, while in Euro area it's 85,9% (as of Dec 2019).
//
I would very much appreciate if you support my work by hitting like .)
Feel free to share your opinion/position via comment and follow me to stay updated.
Pulse of an asset in Fibonacci: BTC has bottomed on a 9.618 ?BTC recently Topped on a 9.618 as Posted Here (click) .
As expected it started a pullback exactly from that top.
That pullback has hit a possible bottom, also on a 9.618.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
Ripples emanate outward until energy dissipates or a new Impulse acts.
As the distance from the impulse increases, the odds of ending increase.
9.618 is in reality the 8th harmonic away from the impulse.
8 is a "fib number" and thus the relevance of 9.618 extension.
IF this wave is ending, THIS is the perfect place for it to do so.
Part of my ongoing series to collect examples of my Methodology :
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed Samples and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves <= Current Example
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
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.
How To Day Trade Consolidations Profitably With #FibonacciTraders, Several fellow day traders have been asking to show how they can day trade using fibonacci based analysis which I use for swing trading. The fibonacci based analysis is applicable to all chart time frames and on all instruments in all markets. It even works on tick charts. In this educational video I present how we could have made 130 pips easily with day trading GBPUSD using fibonacci based analysis. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
What Path For SPX?
With the entire world a bit shaken by everything in it including the S&P 500 Index now would be a good time to see how the market has previously turned the corner after being clipped by a “Black Swan”.
I’ll start with the monthly chart which will update monthly, weekly, daily, etc. Technical Indicators I enjoy using include moving averages, Williams Alligator, Gaussian Channels and occasionally the VSRS. I might also use ADX and RSI, occasionally.
This chart includes a reversed Fibonacci Retracement Scale along with both Elliott Impulse and Correction Waves retracements of the SPX going back to August of 1982 to help us keep a calm and level mind going forward.
If you take notice you will see the market is still well above the blue 100 EMA however you can observe the market has been below it several times in the history of the SPX as well as the red 200 EMA.
You might also recognize the Elliot characteristics in the Elliott Impulse Wave from Aug 2009 up to the past ATH of 3393. Notice point 2 does not drop below point 0 at (c), that leg 3 is the longest, that leg 1 and 5 closely match in length and that it is also the start of the Elliott Correction Phase.
Is there anything that could substantiate that? There is. The Elliot Correction Phase has undeniably begun. The low for March was a measly 162 points above being a full 50% Fib Retracement. That same low also dove below the last Elliott Impulse Wave 5.
The refreshing thing I think is the Elliott Correction Wave is a simple path to follow.
Hope to see all of you as we progress forward.
Remember. This is not trading advice. Please engage the like button and add your comments below, Follow me if you wish, share it if you want.
Pulse of an asset in Fibonacci: BTC as minor 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.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
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
.
.
Pulse of an asset in Fibonacci: SPX historic "Golden Regression"This Concept is part of my ongoing study of Fibonacci Ratios applied to Assets.
This Chapter is part of an album to collect examples of true "Golden Ratio" growth.
This Chart captures the SPX regression in early 2020 which grew by 1.618x increments.
This Growth pattern is often called "Exponential" or "Parabolic" by many other analysts.
This Method "Defines" and "Forecasts" the geometric acceleration acting upon an asset.
This Chart plots the growing "Amplitude" and "Wavelength" of swings in either direction.
These levels will be Relevant forever since they are now engrained into minds/algos/indis.
These patterns will be Historic as they are establishing new extremes/emotions/equations.
These fibs will Illuminate the trader's path ahead by revealing precise edges/entries/exits.
Notice the Prolonging heights of the candles.
Notice the Pings (reflections) at each Fib ratio.
Notice the Practical map of each turning point.
.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions <= Current Example
Chapter 6: Give me a ping Vasili: one Ping only
.
.
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.