//@version=5 indicator("Elliott Wave & Fibonacci", overlay=true) // Input settings wave1_low = input(0.6192, title="Wave 1 Low") wave1_high = input(0.76, title="Wave 1 High") // Calculate Fibonacci retracement levels (Wave 2 targets) wave1_range = wave1_high - wave1_low fib_382 = wave1_high - (0.382 * wave1_range) fib_500 = wave1_high - (0.500 * wave1_range) fib_618 = wave1_high - (0.618 * wave1_range) // Calculate Fibonacci extension levels (Wave 3 targets) wave3_1618 = wave1_high + (1.618 * wave1_range) wave3_2000 = wave1_high + (2.0 * wave1_range) // Plot Fibonacci retracement levels plot(fib_382, color=color.blue, title="38.2% Retracement", linewidth=2, style=plot.style_dotted) plot(fib_500, color=color.blue, title="50.0% Retracement", linewidth=2, style=plot.style_dotted) plot(fib_618, color=color.blue, title="61.8% Retracement", linewidth=2, style=plot.style_dotted) // Plot Fibonacci extension levels plot(wave3_1618, color=color.green, title="1.618x Extension (Wave 3 Target)", linewidth=2, style=plot.style_dotted) plot(wave3_2000, color=color.green, title="2.0x Extension (Wave 3 Target)", linewidth=2, style=plot.style_dotted) // Label key points label1 = label.new(x=bar_index, y=wave1_low, text="Wave 1 Start", color=color.red, textcolor=color.white) label2 = label.new(x=bar_index, y=wave1_high, text="Wave 1 High", color=color.green, textcolor=color.white) label3 = label.new(x=bar_index, y=fib_618, text="Wave 2 - 61.8%", color=color.blue, textcolor=color.white) label4 = label.new(x=bar_index, y=wave3_1618, text="Wave 3 Target 1", color=color.green, textcolor=color.white) label5 = label.new(x=bar_index, y=wave3_2000, text="Wave 3 Target 2", color=color.green, textcolor=color.white)
Airbnb looks poised to run to $250. This company has very seasonal revenue so don't expect much for q1, but ABNB being in the INDS index, which is currently consolidating for it's bull run, means ABNB is likely to finally have it's day. Good luck!
After publishing the February 5th 2025 earnings report, the FMC Corporation stock gapped down, losing almost 34% of its value. Moreover, nowadays, the company is under serious pressure after being accused of publishing false Sales and Inventory information and downgrading shares from "Buy" to "Neutral" by some analytic companies (e.g. Redburn). Logically, in such circumstances, prices should continue down, but as a matter of fact, it is not the case. Why? First, the February 5th bar is a down bar on a huge (largest in the last 15 years) volume, which, according to Volume Spread Analysis (VSA), indicates professional buying. Then, 2 days later, professionals bought again and the market responded by the higher prices. Finally, the gapped-down bar reached the level of the previous support (blue rectangle on the daily and weekly charts), which adds strength. https://www.tradingview.com/x/yrloJuEE/ Even though it looks very bullish on the daily chart, the price should be tested before the rally. Therefore, we may expect a shallow correction to $35.13 - $36.34 or, if supply is still there, to $30.80-33.73. If testing is successful and the up move begins, the potential resistance on the way up will be around $48.06-$48.73 and $52.65 - $54.54 areas.
as you can see guys we have retraced to our 1H SIBI This bullish move to the upside is not reversal its retracement be careful about that in the ALT coins this move is shakeout ~!
Beautifully making HH HL. Immediate Support is around 29 - 29.30 Monthly Closing above 29.13 would be a healthy sign. If 29 is Not Sustained, Next Support would be around 24.30 - 26.30 & if 29 is Sustained,34 - 35 can be witnessed. Immediate small Resistance is around 31.55 Should Not Break 24 even in Worst Case.
Some bad news came out. Bybit got hacked for a lot of Ethereum. How this happens I dont understand but more than likely an inside job. These run out a basement exchanges are dangerous never leave your crypto on an exchange, NONE OF THEM. Anyways I dont like the break of this rising wedge or potential bear flag. If this deosnt break back into the wedge and close in it then we could se another drop to about 100 or so if the measured move plays out. Be cautious here. Not Financial advice.
I will keep my loss very small due to the constant bad news flooding the crypto community. I have a very good reason for choosing now to buy amid the Bybit scam. All things been equal, we will start seeing the real bullish move very soon. My TP is open
Weekly – bearish. Daily – bearish after a break of structure (BOS). Price below 200sma. H4 – bearish (visible sequence of lower highs and lower lows). Price has broken below a significant support/resistance area that has been tested multiple times. This break below also occurred with momentum as you can see from the large red candle. I expect a pullback to the zone (marked in green) and if that happens, I will be looking for signs of a bearish continuation. If a short trade does set up, my stop would be placed above the recent swing high and an initial target at 0.62580 with the potential to go down to 0.6200. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) https://www.tradingview.com/x/t0dSuHI6/ Both the upper and lower lines of the Price Cannel indicator have been touched. The point of interest is in which direction it will diverge after this convergence. The next volatility period is around February 24 (February 23-25). - The key is whether it can receive support near 92792.05-94742.35 and rise above the M-Signal indicator on the 1D chart. If not, it is expected to re-determine the trend by touching the M-Signal indicator on the 1W chart. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) https://www.tradingview.com/x/WBuhqVrT/ Looking at the big picture, it seems to have been in an upward trend since 2015 following a pattern. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) https://www.tradingview.com/x/YtZx6YSG/ Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - https://www.tradingview.com/x/zTnWN2r7/ The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
Summary: Btc is inside Wave 4. has the opportunity to form an Irregular Correction before continue strengthening to the resistance target. Momentum indicators are pointing downward in neutral area Momentum: The momentum indicator is pointing down in the neutral area, indicating that Bitcoin has the potential to weaken temporarily to form Wave 4 before strengthening to the target resistance area. Pattern: Btc is yet to form an Irregular Correction inside Wave 4. Price: Btc has the potential to meet target resistance at 125,000. Time: Btc has the potential to reverse direction on February 28, 2025, and March 14, 2025.