ChartArt

Gobsmacked By Fibonacci Circle

BITSTAMP:BTCUSD   Bitcoin / Dollar
I am truly amazed by the precision of this "Fibonacci circle". All I did was that I connected with it two points:

a) the end of the downtrend from June 11 (LOW)
with
b) the high of the uptrend from June 30 (HIGH).

And suddenly the last peak of $683 from May 31 and the beginning of the uptrend starting at $441 from May 19, as well as the bounce of the resistance on June 24 (and June 25) at $554 (and $557) are all connected with each other. Even on July 6 there seems to be some correlation with the price movement when it leaves the blue area of the Fibonacci circle.
ChartArt
2 years ago
Zoomed in screenshots of my chart. Just look at this perfection:

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Kaspar
2 years ago
I love your charts. You deserve your nickname! I really need to figure out how to build a Fibonacci circle in MT4. Would love to use it for my analysis.
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Delta_Zulu
2 years ago
How often do you find this works? It currently seems simply coincidental
Reply
ChartArt Delta_Zulu
2 years ago
That is why I was gobsmacked -- by so much coincidence.
+1 Reply
Glad you got into the Fibs now
Reply
ChartArt Kazonomics
2 years ago
It's an exciting world. I had to start experimenting with it, after being astounded by how perfectly this Fibonacci harmonics pattern played out:

Bitcoin
+1 Reply
Kazonomics PRO ChartArt
2 years ago
Universal structure in the behavior itself. Lots of folks think those spirals are silly until you understand what they are truly showing you. Keep posting man I like the circles too. Fibonacci sequence is in out DNA literally.
+1 Reply
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