Take this with a grain of salt.
You've heard of the golden pocket in Fibonacci?
I present to you the state of Nirvana. If you understand the concept behind Nirvana you can transpose those ideas into the financial realm.
You typically have your 0 to 1 Fibonacci levels to measure pull backs, but I've taken this and went beyond that standard measurement to measure pull backs and potential gains.
Of course, this is only best used in a bull market -- this is not meant to be used in a bear market (and, of course, you could absolutely modify this to your needs for a bearmarket by doing a reversed variation).
Using the default Trading View Fibonacci tool, add your typical 0 to 1 lines; then only add 1.618, 4, 4.618, and 20.618.
Nirvana will be 4 & 4.618, and Nirvana Without Substrate will be 4.618 & 20.618.
To begin the path to Nirvana we'd have to breach the 1.618 level, when cleared we'll begin our path to Nirvana; if we reach the range to the State of Nirvana: 1. We enter the state of nirvana & 2. we achieve Nirvana without substrate; or 3. we will either fail to achieve Nirvana & 4. worse-case enter into a bear market: transgression and, hopefully, into atonement and repentance.
Anyways, enough talk with religious nonsense.
The idea is that these lines beyond the Fibonacci 1 (or 100%) are good indicators, during a bull market, to measure your tops. The 1.618 line is a great indicator for surpassing the original ATH; the 4 & 4.618 range are good indicators to measure resistance and support for a new ATH possibility in two scenarios: 1. Get rejected by 4 or 4.618 levels or 2. Breach and pass 4 and 4.618 levels; the 20.618 level is the imanary ceiling cap for a bull cycle.
Why is the 20.618 the imaginary ceiling cap? Well, I've done some testing with the Fibonacci lines when it comes to Crypto Market -- it seems to always be the relative top of the top, it's not always accruate as in that prices fall short of it or go above it, but prices always seem to be well within range to it or get rejected by it as candle reached it.
In Conclusion, we have a possibility to reach a 16T Market Cap for the entire Crypto Community if we can get passed 3.1T-3.6T without faltering. Otherwise, we could just see a ATH of ~3.1T-3.6T. Eitherway, it's a win-win scenario if turns out to be this way.
You've heard of the golden pocket in Fibonacci?
I present to you the state of Nirvana. If you understand the concept behind Nirvana you can transpose those ideas into the financial realm.
You typically have your 0 to 1 Fibonacci levels to measure pull backs, but I've taken this and went beyond that standard measurement to measure pull backs and potential gains.
Of course, this is only best used in a bull market -- this is not meant to be used in a bear market (and, of course, you could absolutely modify this to your needs for a bearmarket by doing a reversed variation).
Using the default Trading View Fibonacci tool, add your typical 0 to 1 lines; then only add 1.618, 4, 4.618, and 20.618.
Nirvana will be 4 & 4.618, and Nirvana Without Substrate will be 4.618 & 20.618.
To begin the path to Nirvana we'd have to breach the 1.618 level, when cleared we'll begin our path to Nirvana; if we reach the range to the State of Nirvana: 1. We enter the state of nirvana & 2. we achieve Nirvana without substrate; or 3. we will either fail to achieve Nirvana & 4. worse-case enter into a bear market: transgression and, hopefully, into atonement and repentance.
Anyways, enough talk with religious nonsense.
The idea is that these lines beyond the Fibonacci 1 (or 100%) are good indicators, during a bull market, to measure your tops. The 1.618 line is a great indicator for surpassing the original ATH; the 4 & 4.618 range are good indicators to measure resistance and support for a new ATH possibility in two scenarios: 1. Get rejected by 4 or 4.618 levels or 2. Breach and pass 4 and 4.618 levels; the 20.618 level is the imanary ceiling cap for a bull cycle.
Why is the 20.618 the imaginary ceiling cap? Well, I've done some testing with the Fibonacci lines when it comes to Crypto Market -- it seems to always be the relative top of the top, it's not always accruate as in that prices fall short of it or go above it, but prices always seem to be well within range to it or get rejected by it as candle reached it.
In Conclusion, we have a possibility to reach a 16T Market Cap for the entire Crypto Community if we can get passed 3.1T-3.6T without faltering. Otherwise, we could just see a ATH of ~3.1T-3.6T. Eitherway, it's a win-win scenario if turns out to be this way.