First a small intro: THIS IS JUST A THEORY FOR NOW. CONSIDER THIS A TEST OF THE THEORY. I'm letting the chart on a larger scale, to expose the rather unsettling movement in the left corner. Notice how the price moved PERFECTLY between the intersection of 3 circles. It is.... scary, a bit.
I came to this idea by thinking about satellites. You know how they work? 3 satellites triangulate their signal to find an intersection and 4th one is the reference. I thought: "Hey, could I apply something similar to charts?"
The business part: TL;DR Based on this chart, I suspect it will either hit $7650 and bounced back. Or hit 7200$ and possibly stay there for a while, while bouncing between 7200 * 7600. OR Hit 6900 and bounce between 6900-7200 before making the next decision.
The details stuff: 1) Notice how btc stayed right in between areas defined by the circles 2) Notice, at the intersetion of circles, that a new shift if bound to happen OR a hard resistance/support is being stressed. 3) Notice that EACH circle line represents a resistance or a support. 4) Notice that every new circle hit is basically a new decision to be made.
If My theory is correct, we moving into another area of interest. One quite tiny and with a lot of possibilities.
The direction of the exit path will dictate the next movement.
I also have a new theory about how this fib circle stuff and boll bands come in play together. Can you see something? leave a comment.
@rawasduke32, Thanks :)
I'm still amazed that people are still viewing this one, tbh
rawasduke32
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@reynar, see times the old ones are great when they line up w the play button. Pretty damn cool I'd say. Been playing w all the other fibs today beside the standard one. Type in Google spiral fine to do some reading on it and spiral fibs came up on trading view. Your chart was very impressive. Then I played w the gann box. Holy moly! Fibs every direction. Imaginable!
rawasduke32
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Some time*
rd_cryptotradedesk
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@reynar, this is amazing. Have come up with a market theory myself which isn’t far from your concept of satellite triangulations. You are on the right path and will certainly find correlations between different prices across different points in time which can be proven mathematically and this is beyond coincidental it is even predictable. If you are still pursuing this work we can certainly compare notes. I would like to scale the dataset for my research but from my preliminary findings I can predict with precision where the price of certain crypto currencies will close at specific dates several weeks in advance.
Piptocurrency
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How are you picking the start and end points for the circles and the spirals? I had a similar idea and played with it on the chart but never got to a good product, well done.
reynar
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@Piptocurrency, It is quite hard to write in a few paragraphs.
I am looking for confirmation points inside circles - confirmation for resistance/support & trend.
But as I am starting to use them more, I have noticed a lot of little things that can help identify them...
I am planning to write a full essay on this method, come summer. But it takes a while to get enough data & publish a scientific paper, unfortunately.
Piptocurrency
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@reynar, Thanks for the response, that was my difficulty in attempting a similar method. I would love to see the essay when you get a draft going, as could help out as an editor/advisor or just to ask questions that might help you strengthen the concept. I'm very interested in this, keep going with it! Blessings,
-Pippy Longstocking
Piptocurrency
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This is cool
justagamekiller
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Im just starting out with trading personally, but i do a lot of browsing and reading on the web. I came across vortex based math fibs, fractals and the idea of Tesla's fascination with 3,6,9 with wave theory or something like it.
I believe there is a really magical fractal pattern in the markets that mimic the code of realities matrix. il find it one day when i get my financial freedom.