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EuroMotif
Aug 21, 2018 10:01 PM

Red Pill or Blue Pill? BTC short term paths 

Bitcoin / United States DollarCoinbase

Description

Just a quick Idea to see if the EW count and Fibs behave as one might expect.

The Blue path would be a very bullish sign.
The Red path would be maximum retrace to remain Bull.

The grey zones in chart are from my Fib Support Resistance analysis, posted about 3 weeks ago:


The Green fib extensions are from second impulse up from $5950 bottom expected in this Idea:

Comment

Well, so much for THAT pathway, totally destroyed :(
Comments
kobaltttt
Ha look what I just did: second attempt at Fibbnesse:


Learning from the best! ;thumbsup:

Really would enjoy the project if someone can make the weening resonating circle pings.....
EuroMotif
@kobaltttt, Beautiful!! Nicely done. It really is amazing how precise Fibs can be, no?
Still working on spotting ''THE'' line that will be the turning point, but it is obvious that price turns only at ''A'' fib line.
kobaltttt
Purple pill and a hand full... Smart move just before maintenance.

i opened mex and wanted to open a long and saw countdown to zero and thought nah.. Let's not... :cringe:

Yesterday I made my first baby steps in Fib land when I noticed a 3 day old long on bitfinex, probably a bot got stuck, just fake retraced down from last peak and to next low and set two TP points the biggest at the top got a nice (ping).... right on the money! Loving this stuff

Btw this get me to this idea, should be doable I think...

For some one to write you a script that animates the resonance circles, when fibs or pivots are tapped...Or display it as an alert symbol together with and thing you might like this:
A musical scale based on golden ratio... Trigger with alerts and you basically turn any chart into a musical representation of fib taps..(and as a source to even use in music compositions perhaps (more for my curiosity)

The higher the note the higher the price, you after time can hear where the market is moving if you use it frequently. To hear the rhythm and frequency,,.... mmm ...

wikipedia.org/wiki/833_cents_scale:
The 833 cents scale is a musical tuning and scale proposed by Heinz Bohlen based on combination tones, an interval of 833.09 cents, and, coincidentally, the Fibonacci sequence.

Basically any sound that resonates well within your daily life I can synthesise for you myself.

Think it would be a great fun project!...
EuroMotif
@kobaltttt, Interesting Idea!
Musical notes based on Fibs. and of course, Musical notes are ALL about Fib ratios in frequency. Luv it!
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