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fibonacci Ideas

Analyzing Bitcoin’s Fibonacci Chart for Strategic Insights

Trading Idea Find a FIBO slingshot Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot. Check FIBO 61.80% level When the current price goes over 61.80% level, that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. Entry Point > 61980/61.80% Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as...

By NovaX
Updated 15 hours ago
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XRP Price Analysis: Bullish Momentum Building for Potential Surge

The regression channels on this one are very interesting from its first run up, to its second run up, to its current state. It looks like it's maintained a fairly decent chart after it spiked and fell so hard. Now it consolidated itself into the bullish channel of its downward regression channel. Main signal for me is my fancy TradingView indicators showing a bullish reversal is happening even if for a temporary moment.

By NovaX
Updated 15 hours ago
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Ethereum Price Analysis: Latest ETH/USD Morning Update and Market Trends

Bull count for ETHUSD I see ETHUSD in wave 3 of (5) of ((3)). I'm looking for wave (5) to be extended, with an ideal target in the 8755.92-9398.47 range. I would expect this wave to complete late 2024-early 2025. I also expect the median line of the pitchfork to eventually be tagged. Wave ((4)) would pull back significantly but stay above peak of wave ((1)) at 4867.81. Bounces off .618 fib pulls included.

By NovaX
Updated 6 days ago
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Bitcoin Price Prediction: Will BTC Reach $180k by March 2025 in Ongoing Bull Market?

Using Fib Time, Fib Extensions, Fractals, Market Structure, and the current price action forming a bull flag I placed my rough fractal idea over the top of the BTC chart alongside timing. Double/Triple top could play out to finish off this cycle Or it could be a blow off top (less likely with more capitalized markets). 173-182k is my top target for this cycle Though price could fall short of this. If this plays out, then I'd expect the next market bottom to form around current prices (~57k in November 2026).

By NovaX
Updated 2 weeks ago
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Ethereum ETF Sparks Surge: $ETH Price Targets $7300

The approval of the Bitcoin ETF significantly boosted the price of BTC, leading to a notable increase from the post-ETF trading lows to the peak in March. A similar positive trend and performance for Ethereum could propel ETH to the 1.618 Fib extension level. This potential scenario has the potential to greatly benefit altcoins, meme coins, and DeFi projects. What are your thoughts on this outlook? Do you share the same sentiment?

By NovaX
Updated 3 weeks ago
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“Ethereum Price Analysis: Latest Updates and Insights”

ETH is currently trading within a range and appears to be in a distribution phase, indicating a potential retracement. There are two possible scenarios to consider. The first scenario involves a pullback of around 50 to 618% from the current range before moving higher, known as the light blue route. The second scenario suggests a retracement to establish equal lows followed by accumulation to support a move towards higher highs, referred to as the dark blue route. In terms of its correlation with DXY, the dollar index is currently expanding on a micro level and forming the 4th leg of a...

By NovaX
Updated 3 weeks ago
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