FIBretracement
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$BTC #BTC
Yesterday’s closing of the monthly 1M candle above the 0.5 level on the Fibonacci chart is a significant signal for investors and traders. Here’s why:
1. Trend Confirmation: The 0.5 Fibonacci level often serves as a support or resistance line. Closing above this level may suggest that the upward trend is strong and may continue.
2.Reversal Possibility: If the price has dropped to the 0.5 level and then closed above it, this may suggest a potential trend reversal.
3.Increased Interest: Such moves often attract investors’ attention, which can lead to increased demand and potentially higher prices in the future. Good Luck!
#Write2Earn #TradeNTell #FIBretracement
Yesterday’s closing of the monthly 1M candle above the 0.5 level on the Fibonacci chart is a significant signal for investors and traders. Here’s why:
1. Trend Confirmation: The 0.5 Fibonacci level often serves as a support or resistance line. Closing above this level may suggest that the upward trend is strong and may continue.
2.Reversal Possibility: If the price has dropped to the 0.5 level and then closed above it, this may suggest a potential trend reversal.
3.Increased Interest: Such moves often attract investors’ attention, which can lead to increased demand and potentially higher prices in the future. Good Luck!
#Write2Earn #TradeNTell #FIBretracement
📈 Unlock Your Trading Success with Fibonacci Retracements!
🔍 Are you ready to elevate your trading game? Dive into the world of Fibonacci retracements, a powerful tool revered by traders for its effectiveness in navigating the markets.
🌀 Understanding Fibonacci Retracements
Fibonacci retracements are derived from a series of numbers where each number is the sum of the two preceding ones (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, and so on). These levels, including 23.6%, 38.2%, 50%, 61.8%, and 78.6%, offer insights into potential areas of support or resistance within a price trend.
📊 **Short-Term Trading:**
- Entry Points: Identify recent high and low points in price movement.
- Set Stop-Loss Orders: Place stop-loss orders just below Fibonacci retracement levels to mitigate risk.
- Exit Strategies: Consider taking profits or closing positions near Fibonacci retracement levels.
💹 Long-Term Trading:
- Trend Analysis: Apply Fibonacci retracements to longer-term price trends.
- Confirmations: Look for confluence with other technical indicators or patterns to validate retracement levels.
- Patience: Utilize Fibonacci retracements as part of a comprehensive trading strategy, taking into account broader market trends and developments.
🔄 Additional Techniques for Trading Success:
- Support and Resistance Zones (S/R): Identify key levels where price tends to react.
- Moving Averages:
Utilize Simple Moving Averages (SMA) and the Accumulation/Distribution Line to generate buy and sell signals and identify trends.
- Dow Theory: Incorporate foundational principles from the Dow Theory to analyze price movements and market trends.
💡 Conclusion:
Fibonacci retracements, along with other technical analysis methods, offer valuable insights into market dynamics. Whether you're a short-term trader seeking precise entry and exit points or a long-term investor navigating broader trends, mastering Fibonacci retracements can enhance your trading strategy and pave the way to success in the dynamic world of finance.#FibonacciLevels #FIBretracement
🔍 Are you ready to elevate your trading game? Dive into the world of Fibonacci retracements, a powerful tool revered by traders for its effectiveness in navigating the markets.
🌀 Understanding Fibonacci Retracements
Fibonacci retracements are derived from a series of numbers where each number is the sum of the two preceding ones (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, and so on). These levels, including 23.6%, 38.2%, 50%, 61.8%, and 78.6%, offer insights into potential areas of support or resistance within a price trend.
📊 **Short-Term Trading:**
- Entry Points: Identify recent high and low points in price movement.
- Set Stop-Loss Orders: Place stop-loss orders just below Fibonacci retracement levels to mitigate risk.
- Exit Strategies: Consider taking profits or closing positions near Fibonacci retracement levels.
💹 Long-Term Trading:
- Trend Analysis: Apply Fibonacci retracements to longer-term price trends.
- Confirmations: Look for confluence with other technical indicators or patterns to validate retracement levels.
- Patience: Utilize Fibonacci retracements as part of a comprehensive trading strategy, taking into account broader market trends and developments.
🔄 Additional Techniques for Trading Success:
- Support and Resistance Zones (S/R): Identify key levels where price tends to react.
- Moving Averages:
Utilize Simple Moving Averages (SMA) and the Accumulation/Distribution Line to generate buy and sell signals and identify trends.
- Dow Theory: Incorporate foundational principles from the Dow Theory to analyze price movements and market trends.
💡 Conclusion:
Fibonacci retracements, along with other technical analysis methods, offer valuable insights into market dynamics. Whether you're a short-term trader seeking precise entry and exit points or a long-term investor navigating broader trends, mastering Fibonacci retracements can enhance your trading strategy and pave the way to success in the dynamic world of finance.#FibonacciLevels #FIBretracement
#BITCOIN Weekly Chart Analysis-
As per weekly movement in $BTC , its Bullish Trend of #BroadeningWedge starts from 21st Nov. 2021 and it will be properly continuing onwards towards the uptrend cycle.
As per #FIBretracement this cycle final upper cut-off point will be at $48.2k to $51.5k approx. [already mentioned previously many charts] up to January last, after that may be it will take a slightly decline and goes towards $40k-$38k approx. to completing its final downtrend cycle as per broadening wedge and as well as Bullish Curve pattern too...
After this cycle completion, into April end to May first week, $BTC #Halving will completed and many bigger institutions arrives with Bitcoin Spot #ETFs in market, so it will be take a bigger boost of Bitcoin towards first bigger Bullish cycle towards $75k-85k this time to Break-out previous AllTimeHigh of $69k of Bitcoin up to July-August and from this time Bitcoin will be goes under full BullRun mode up to Dec. 2024 to Jan.2025 with its first new ATH of $185k to $220k approx.
This year, major role player of Bullrun in Crypto market including Altcoins growth is Bitcoin ETF.
Lets see, what's next market move...
Anyway,
Always #DYOR before investing in Crypto and Trade wisely by using StopLoss, its just NFA
As per weekly movement in $BTC , its Bullish Trend of #BroadeningWedge starts from 21st Nov. 2021 and it will be properly continuing onwards towards the uptrend cycle.
As per #FIBretracement this cycle final upper cut-off point will be at $48.2k to $51.5k approx. [already mentioned previously many charts] up to January last, after that may be it will take a slightly decline and goes towards $40k-$38k approx. to completing its final downtrend cycle as per broadening wedge and as well as Bullish Curve pattern too...
After this cycle completion, into April end to May first week, $BTC #Halving will completed and many bigger institutions arrives with Bitcoin Spot #ETFs in market, so it will be take a bigger boost of Bitcoin towards first bigger Bullish cycle towards $75k-85k this time to Break-out previous AllTimeHigh of $69k of Bitcoin up to July-August and from this time Bitcoin will be goes under full BullRun mode up to Dec. 2024 to Jan.2025 with its first new ATH of $185k to $220k approx.
This year, major role player of Bullrun in Crypto market including Altcoins growth is Bitcoin ETF.
Lets see, what's next market move...
Anyway,
Always #DYOR before investing in Crypto and Trade wisely by using StopLoss, its just NFA
#Bitcoin Hourly Chart Analysis
$BTC Ready for next movement towards $38.5k to break-out $40k soon within next 24 hrs.
And,
As per #FIBretracement last cut-off Lower-Low will be around $30.5k to $28.5k before #HalvingEvents while first it breaks on those patterns..
40 38 35 33 30 28... onwards... 🙏
Always #DYOR and Trade with #StopLoss
$BTC Ready for next movement towards $38.5k to break-out $40k soon within next 24 hrs.
And,
As per #FIBretracement last cut-off Lower-Low will be around $30.5k to $28.5k before #HalvingEvents while first it breaks on those patterns..
40 38 35 33 30 28... onwards... 🙏
Always #DYOR and Trade with #StopLoss