Extended version of correlation analysis between Gann and fibs
Just checked if its possible to construct a projected future price for Bitcoin using geometry. Please place the black circle 0.236 fib line on a center of a closest star, so it alligns with vertical and horisontal lines as well, to correct the position.
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White circle fib shows previous top
Black cicrcle fib shows the next top
Most probably these graphs are wrong, as it would be logical for the current top to be found in such manner, not the next one.
Black cicrcle fib shows the next top
Most probably these graphs are wrong, as it would be logical for the current top to be found in such manner, not the next one.
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A simple version of Gann's and Fibbs, which suggests more precise point for the next top, which is around 167k at the beggining of 26'
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Just a follow up on current trend lines to watch. Might see increased dynamics on next candle
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Just another strange magic picture. Exploring correlation of fib circles, Gann's square and fib spirals. Iterations on spirals (spirals plotted on spirals or their intersections) bring interesting results.
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Lets see if these levels play out on the current impulse
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tvc-invdn-com.invest...3f2394f7c07d8745.png
This is a more comprehensive chart, with Gann's carpet (4 squares). After some trial and error, I found 2017 fib spirals that point to exact place on chart (time and price) for the 2021 top. I have to point out, that I did check if it works for the next top as well, and it appears that BTC price moves in such way, that its more like two waves form one big wave, like TradingShot pointed out in one of his graphs. I'll try to configure carpets to see if that works.
This is a more comprehensive chart, with Gann's carpet (4 squares). After some trial and error, I found 2017 fib spirals that point to exact place on chart (time and price) for the 2021 top. I have to point out, that I did check if it works for the next top as well, and it appears that BTC price moves in such way, that its more like two waves form one big wave, like TradingShot pointed out in one of his graphs. I'll try to configure carpets to see if that works.
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This is an update to show stable repetition of Gann's carpet results in different time frames on Bitcoin. I had to make adjustment for upper quadrant fib (time), but lower quadrant works flawlessly (price)
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Recently, there's been an outbreak of posts on twitter, making predictions for Bitcoin to reach $1mil in general, or in quite short time frame. It seems that these claims have some ground. At least according to this chart, which is just a repetitive use of previously successful strategy. Will it work again?
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Ever wondered if the date of very start of bitcoin trade matters? It appears that it does.
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Every band of Gann's square corresponds to bitcoin's ATH. But there's a catch - the last wave was just a leg to the real top. The reason is that after first two waves the next one takes two times longer - remember the Fibbonachi sequence 1+1+2+3. For me this is fascinating to see how accurate my graph could be, if I knew about Gann's square back in 2012. I'll do a report with clean graphs later.
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The next wave appears to top at $1.285M, but it will take 2 halvings.
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Unfortunatelly its not possible to finish Gann's carpet on Tradingview, as it has a time limit at August 2032. I hope TV will change their pessimistic view on our world expiry date some time soon =)
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This is Bitcoin with major Gann's carpet on it, and a fib circle. A bit messy, but good enough for now.
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This is a clean Gann's carpet, with just one square a bit off. I put a fib spiral at the base, touching 0.786 retrace to 0.786 carpet's fib circle. The result is on next picture.
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The result is spiral hitting same spot found by smaller Gann's carpet, at $1.285M. I can't figure out what drives the price the path it currently goes by. It could be even larger fibs and retracements, aka heavenly bodies of our solar system, hence the information about Gann's studies of astrology. It could also be other natural golden ratios, like animal's ratios. Imagine every wave has its own totem animal, and those proportions are incorporated in local impulse waves. Something to think about.
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This is some further research into fib retracements inside Gann's square. I've done fib spirals on 0.786 fib retracement inside 0.786 fib speed resistance arc. The aim was to get as close to the current price, as possible. Therefore, I've done additional fib retracement, inside 0.786 retracement. 1 pixel thin black fib spiral represents tripple 0.786 fib which shows current major resistance line.