BTC Fibonacci line
the Fibonacci callback line is drawn by selecting the high and low points of a wave of market in a period of time and calculating the positions of 38.2%, 50% and 61.8% between the two points. If necessary, it can be expanded to 23.6%, 80.9%, 100%, 138.2% and 161.8%. Among them, 38.2% and 61.8% are most likely to form the key resistance / support level
generally speaking, 38.2% of the previous decline of currency pairs and commodity prices is the weak rebound position, and 61.8% is the strong rebound position; Before a wave of rising market 38.2% position for weak callback, 61.8% position for strong callback.
Fibonacci index is a tool used to predict the withdrawal point of the market. It uses the golden section line in mathematics to predict the change of the market. To some extent, it belongs to metaphysics, but it is widely used in the stock and foreign exchange markets. Many people use it in actual combat, so it has a certain reference value, In order to make good use of Fibonacci and improve the winning rate, what you need to do is to use it correctly
how to draw a dividing line
MT4 has this index, directly find Fibonacci, find the lowest and highest point of a period of market, pull out from the highest to the lowest or lowest to the highest point, it is very simple, but we should pay attention to find the right two points, and pay attention to include the spikes of the K line. After pulling out, you can see several horizontal dividing lines in the middle, which play an important role in pressure or support
as shown in the figure below,
in the figure, you can see that there are several dividing lines in the middle, which are 23.6, 38.2, 50.0, 61.8 and 100. Fibonacci's usage is that when the market retreats to these points, it will play the role of pressure line, in which the 61.8 split line has the greatest pressure. If the market continues to break through the pressure line, then we should consider the possibility of market reversal and stop loss in time
This is Fibonacci's usage. It is very simple and pure. It is easy to learn and apply in actual combat. It can also play a certain role and can be used as an auxiliary tool to judge the market. ASAR foreign exchange community can learn the detailed and correct usage of department indicators and common sense of trading. In actual combat, all indicators are a reference, so do not everythingFlash bull analysis:
the figure below shows the Fibonacci callback potential in bull and bear markets
1. Hang a blank order below the callback line. This method is to judge that the price will show a downward trend after breaking through the key support level. In addition, the stop profit position is set at the next callback line, and the stop loss is set above the callback line. For example, place an empty order below circle 1, set the stop loss above circle 1, and so on
2. Observe whether the K line can effectively break through the callback line, if the entity can not break through the callback line, then backhand layout. For example, on the important support position of the 0.618 line of circle B, after the K-line is punctured by the 0.618 line, the trader can make a strong callback. At this time, the trader can consider the layout of a multiple order, and the stop profit can be operated conservatively, and each callback line above can make a profit. But generally speaking, the 0.618 line is powerful, and the space above is generally to the top
however, we can't blindly use this method to make a single, as shown in the blue circle in the figure, the Shangying up draw breaks through the 0.382 line and then falls back, and the entity closes down, but this short will be stopped above the 0.382 line, but in this way, the loss will not be too large
what is the future trend
now, let's predict the next trend according to the Fibonacci callback line drawn this time. It can be seen from the above figure that the line 0.618 has been broken, that is, the position of circle C. At present, it has rebounded after breaking through the 0.764 line. However, from the current trend, the direction is still not clear. Traders need to wait for three directions:
1, to see if the K line can rise to 0.618 line. If it can't break through effectively after touching 0.618 line, they can consider the layout of empty orders and stop profit. As mentioned above, they can graally take profits in the next callback line. However, they can hold as low as $15.61/oz, which is the bottom of the callback line; Stop loss can be set above the 0.618 line
If K line breaks through 0.618 line effectively, we can consider the layout of multiple orders, and the method of stopping profit and loss is the same as above When k line falls below 0.764 line again, we can consider the layout of empty order, with stop loss set above 0.764 line and stop profit set at the lowest line, but it is recommended to operate manuallyFigure method
Fibonacci spiral, also known as "golden spiral", is a spiral curve drawn according to Fibonacci sequence. There are many Fibonacci spiral patterns in nature, which is the most perfect classic golden ratio in nature
the drawing rule is to draw a 90 degree sector in a rectangle composed of squares with Fibonacci numbers as sides, and the connected arc is the Fibonacci spiral. It comes from Fibonacci sequence, also known as golden section sequence
extended data
equation
1.1 rectangular coordinate system equation
rectangular coordinate system equation
x = rcosk ω t
y=rsink ω t
z=k ω T
1.2 cylindrical coordinate system equation
cylindrical coordinate system equation
Z= φ= k ω t， ρ= r
1.3 spherical coordinate system equation φ= k ω t. R-ball = R / sin θ，θ= arctg(r/ φ)
reference source: Network Fibonacci spiral
reference source: Network spiral
Fibonacci spiral is a rectangle composed of squares with Fibonacci number as sides, and then draw a 90 degree fan inside the square. The connected arc is Fibonacci spiral
1. The time frame should be larger, such as the daily chart and weekly chart, and it is not suitable below 4H.
2. The trend should be clear, that is, the high and low points can be seen clearly.
for example, if you take a look at the current daily chart in Europe and America, it is easy to draw FIB, and most of the points are similar, so it is easy to form a self prediction of price
as for the selection of the location, it depends on your personal preferences, and some suggestions are put on the next high. There is no fixed rule. Even if the resistance lines with different parameters are roughly the same, remember that the technical analysis is not accurate
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I set the starting point of Fibonacci's callback line at the lowest point on the day when the rising trend started (daily K line), and the end at the highest point on the day when the trend reached its highest price (daily K line). Here comes the question: can I set the starting point at the highest point on the day when the lowest price was reached? The main question is: should the starting point and the ending point of this Fibonacci callback line be the highest price or the lowest price at the beginning and end of the trend
it is suggested to use "the day when the rising trend starts"
as shown in the figure, first find the toolbar insert Fibonacci Fibonacci extension line on MT4 platform
after finding, press and hold the left mouse button from point a to point B, and then fix the end point of the shorter segment starting from point B at point C, which is the lowest point in the segment, so as to get four extension bits of 61.8%, 100%, 127% and 161.8%
the meaning of the extension bit is based on the distance from a to B and starts from point C. 61.8% of the extension bit means that the distance from C to this position (61.8%) is 61.8% of the distance from a to B. The other proportions and so on