fract

Evaluation of supposed bullrun of bitcoin (5)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Scheme is made in terms of map of chances based on fib. "0 and 1" values of fib are based on bone structure of all recent fluctuations, giving us fib ratios to decrypt mass psychology behind any upcoming waves despite of its direction.
Targets update as the price breaks each significant fib level. Main focus should be on space between resistance line and upper PL. The later the price breaks into this zone, the stronger bullrun will be. If that's the case, zoom out to see all potential targets in terms of fib intersections. For now the attention should be on gray map of chances.
Fractal Configuration of Bitcoin is made visually straight forward, so the rest of the details of key points will be held in upcoming updates.
Comment: Crossing above red resistance line is a sign of a serious bullrun. Crossing above blue upper parallel line is a confirmation of such growth.
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Comments

I would be interested to learn more about this sort of thing as I have never seen fib used this way! This sort of reminds me of something I learned while studying physics, I can't remember what it was right now though. Thank you for sharing :)
+1 Reply
fract grahamtownson1
@grahamtownson1, interference pattern from double slit experiment. But shhhh!
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Sorry, I could not understand the next target of the drawing
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fract yaseer5555
@yaseer5555, forcus on fractal comparison ideas instead. This is something different.
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My friend is it on a log scale?
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fract ArsenB
@ArsenB, nope, regular
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Bulls need to drink some redbull here after yesterday : )
+2 Reply
fract Antoniom111
@Antoniom111, Awesome comparison! Though, if they drink it now, it will not affect them as strong as they drink it later. (breakout of triangular squeeze by fueled up bulls)
+1 Reply
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