EuroMotif

"Pulse" of an asset times Fibonacci: Chapter 5: Golden Growth

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This Concept is part of my ongoing study of Fibonacci Ratios applied to Assets.
This Chapter will be an album to collect examples of true "Golden Ratio" growth.
This Chart captures Bitcoin's surge in spring 2019 which grew by 1.618x increments.

This type of growth has been called "Exponential" or "Parabolic" by many analysts.
This occurrence is actually NOT very common in markets at a scale we can see.
This DOES occur at microscopic levels but is difficult to capture at those levels.

Below are the previous Chapters. I add Examples as Updates to the Ideas below.

Chapter 1: General Examples (before I knew there would be more chapters):
Chapter 2: Advanced Examples
Chapter 3: 9.618 Murderer of Moves
Chapter 4: Impulse Redux
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Examples from here on down.
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Comment: BTC.USD live chart of a Golden Growth wave, the THIRD in its bull run of 2019
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Comment: ZRX.usd with a nice example and Retrace of Golden Growth (or "Parabolic" as some would say) Nice bottom on the 1.618, the first "ring" of the Golden Growth rings.

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Comment: ETC.usd with a beautiful example Of note, the "top" of such vertical runs are always chaotic.
On smaller time frames there were pings on the upper blue fibs.
And as noticed previously, the RETRACE is often MORE precisely in sync.

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Comment: BTC.USD with its 4th Golden Growth spurt, on a bull run starting early 2019
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Comment: BCH.USD example in a live chart from early 2019
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Comment: SPX.USD example in a LIVE chart, plotting the COVID driven decline/regression
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Comment: ^^ ^^ Follow Up to spx example above ^^ ^^

Since posting that Idea, here is what had happened till now That bounce to the Gold 17.942 was the DANGER LINE.
It could have turned back down from that Fib to make lower lows.
But instead it got past that Gold fib, and lately the series is starting to lose influence.

Thus we can assume the "Parabolic Panic" had dissipated after we got past the 17.942.
BUT, all of those levels will be Important FOREVER!
That is because all of those levels will have been permanently ingrained into Algo's, MA's, Oscillators, and ofc Human Brains.

ie: that fib will still be influential whenever price is within its range.

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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out

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Comments

I'm very much a fan of your theory, can you suggest some study material to help me understand better?
Reply
EuroMotif Slippery09
@Slippery09, Hello and thanks for your kind words.
This Idea is "Chapter 5" in my collection of examples for my method.
The first four chapters are linked above, which have hundreds of examples, best to start with Ch 1 and 2 ofc.
But otherwise, I have not seen any other resources that measure/forecast movements with this particular method....
Reply
Slippery09 EuroMotif
@EuroMotif, You certainly have a good hit rate! I am just a newbie but I'm just starting to make the change from losses to break even. You obviously have a lot of experience and have found your own system.
I will continue to follow you and will have a good read through your chapters.
Hope you are happy to have a student and I hope you don't find my questions (there may be many!) troublesome.

Reply
divine masterpiece
How can I use the fibonacci retraction tool you use.
Please help me with how I can use or access.
Reply
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