A little while back ago, I noticed this reoccurring "flag" pattern.
So I decided to take a step further, and see if these patterns had any relationship with the golden rule.
I applied Fibonacci time zones and noticed an amazing pattern. One time zone remained flat in price, while the next one had a very significant price increase right in the middle of the fib time zone.
If this pattern were to continue, then expect a significant pop in the first week the market opens in March.
I have tried to find a pattern in price increases to try to accurately predict the next target, and have not *yet* had success in (what I think) finding a reliable and consistent mathematical pattern, however, I did find this.
The 1st increase was approx: 11%
The 2st increase was approx: 30%
The 3st increase was approx: 50%
It seems about +20 gets added to the percentage increase, so by using that rule, the next price increase should be around 70% (from where it rests in its "flat" stage). A 70-85% increase would get us close to the trend line I drew on the previous tops as well.
While I have never used Fibonacci time, or even noticed a pattern such like this before, I have no idea what to expect.
One thing for sure, I am keeping a very close eye on this stock during the end of February/early March.
Do my charts help you out? Encourage me to keep them coming :) (BTC) 1LcA9fbYyuYQBtWhRyxFfXkJNMDYmNMMVj
So I decided to take a step further, and see if these patterns had any relationship with the golden rule.
I applied Fibonacci time zones and noticed an amazing pattern. One time zone remained flat in price, while the next one had a very significant price increase right in the middle of the fib time zone.
If this pattern were to continue, then expect a significant pop in the first week the market opens in March.
I have tried to find a pattern in price increases to try to accurately predict the next target, and have not *yet* had success in (what I think) finding a reliable and consistent mathematical pattern, however, I did find this.
The 1st increase was approx: 11%
The 2st increase was approx: 30%
The 3st increase was approx: 50%
It seems about +20 gets added to the percentage increase, so by using that rule, the next price increase should be around 70% (from where it rests in its "flat" stage). A 70-85% increase would get us close to the trend line I drew on the previous tops as well.
While I have never used Fibonacci time, or even noticed a pattern such like this before, I have no idea what to expect.
One thing for sure, I am keeping a very close eye on this stock during the end of February/early March.
Do my charts help you out? Encourage me to keep them coming :) (BTC) 1LcA9fbYyuYQBtWhRyxFfXkJNMDYmNMMVj