Can we master Davinci's sphere and know the secrets of bitcoin? Chart based on sacred geometry, radial expansion and golden spirals.
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Don't under estimate what is drawn here, what appears to be difficult is to read it and makes sense of it. Remember all lines, whether radial, spiral or linear are normal Support and Resistance lines. Spirals and radials create curved trends, important radial is the 1 and 1.114 of the inner sphere, if broken the uptrend has lost most of it's major support.
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We got a trend that appears to be in a falling wedge which is bullish, but we have seen stronger rejection oh 4H on RSI, if we break down the next logical target (extension) would be 8735-9000, if we manage to break up there would be a consequent retest of (4) at around 9600
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Further clarification of radials, they are the best in revealing the price-time space-continuum expansion and contraction :D
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In this example we added radials that are drawn from BOTTOM to TOP, now we get two forces working in both directions. We could see this as the bulls and the bears both wanting to work in opposite direction.
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Establishing the line of intersect.
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The balancing force!
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Since our chart is scaled to the proper scale once we apply golden spirals from TOP to MIDDLE, and MIDDLE to BOTTOM, we once more get two opposite counter acting forces.
The black spiral is a resistance spiral and if the trend hit's this we find a roof or strong resistance, this will curve the trend DOWN.
The golden spiral is a support spiral and if the trend hit's this we find a bottom or strong support, this will curve the trend UP.
If the black spiral breaks up we enter a strong bullish trend.
If the yellow spiral breaks down we enter a strong (longer) bearish trend.
The black spiral is a resistance spiral and if the trend hit's this we find a roof or strong resistance, this will curve the trend DOWN.
The golden spiral is a support spiral and if the trend hit's this we find a bottom or strong support, this will curve the trend UP.
If the black spiral breaks up we enter a strong bullish trend.
If the yellow spiral breaks down we enter a strong (longer) bearish trend.
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Without all the arrows..
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Now let's take it one step higher! I removed the spirals since they can be annoying and make it look more messy. For one final counter balancing act we create two more radials, their origin is on the left and right side of the intersect on the intersect-line. They represent the balanced forces of TIME, before and after the hype. The other two, origin in ATH and BOTTOM represent the balanced forces of PRICE. The NEURTRAL force is in the center of it all, or the center of the what appear to be an eye :D
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For those who dare to trade this, a private chart the one up here :)
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I upgrade to Premium so you can find my Telegram and Twitter in my signature! Feel free to join our open chat (mainly crypto-related).
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Looking at ETHBTC which is normally a good hedge against BTC (inverse relation), bitcoin has more room to grow!
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In trading it's really important to detach yourself from any emotions than can influence your objectivity. Don't trade with money you need or cannot afford to lose! Be patient, have a systematic approach, don't break your own rules!
And understand that taking losses is okay too, if you are not in-sync with the market it's better to let it rest for a while. Observe, reflect, make a strategy (Plan A and B) and know where to take profit (most importantly)!
And understand that taking losses is okay too, if you are not in-sync with the market it's better to let it rest for a while. Observe, reflect, make a strategy (Plan A and B) and know where to take profit (most importantly)!
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Some clear pressure zone's are revealed, we have 2 paths
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Monthly candle close in 50 minutes!
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Bearish Fractal, H&S.