This is a fib circle that I drew in 2019 and titled it "BTC by the end of 2020". It predicted two paths, euphoria and depression and the euphoria path won. Now I predict two paths based on the same fib circle and Gann fan. This time I don't predict a drop until 48k. Based on my other ideas linked below BTC still moving up for a while.
48k is the measured move of...
Too some it’s a laser light show. I see the lasers as points of interest. Idk the full understanding of these tools. But I’ve learned how to use them pretty well
I made this a while ago. Its super accurate. It’s super cooler seeing it follow the lines day after day. I didn’t fit this to the charts. I created it and it flowed into this :)
The end of the bear market can be observed as price transitions through 1.618
A bull market will begin, (early stages of trend reversal)
This correlates well with where BTC and ETH are currently poised
Using Fibonacci circles we can see price rise above the circle briefly then retest the area as support, this is a common feature among 1.618 and 3.618
In both situations this pattern has led to continuation of the bull trend, which looks strong (dashed line)
There are a lot of interesting features on the SOL/USD chart. Assuming that Bitcoin and Ethereum continue to trend down, this head and shoulders pattern will likely be successful. Looks like a short term short opportunity, just prior to a longer term long.
Bearish:
Rejected by the top of the downward trend line
Visible head and shoulders pattern
Bullish:
...
Currently I have an active Buy in for BTCSD since the 11th of February after we reached 41,800 which is my .382 fib level. We continued to reject this level at 42,000 and range between here and 42500.
Targets are still the same as my most recent Idea,
43,400 - 45,000
will post another update soon. Take care
I favor a long near 34,200 to head back to 37,745 and continue to the next few fib levels back towards 40k.
Though, If the daily candle ever closes below 35,200 I can see price continuing down to the next support levels around 2800- 30k.
My current position on BTCUSD,
Price has come down to 33,000, and rejected the innermost 1.618 Fib circles from the most recent downtrend (if it is fact ending now.
will wait to for further confirmation- If price breaks above 35,453 I will buy to the next 2 fib circle levels at 37,800-39,700.
I believe price may play around in this area and may reject the...
Right so here we are again - back at SOW resistance with price finding support on SOW in D and have wicked through to bounce from SOW in A. These important support / resistance lines never go away. The market movers never forget - and you can see how these lines are places of change from regression to impulse (and vice versa) as well as reversal points.
I have...
On this chart it can be seen that Fib circles correspond to opposite peaks within the current uptrend (red ovals)
I'm not sure of the correlation and causation of this, but it is pretty cool to see
Price will likely continue up through the channel placed
Some circles showing the intersection and connection to the circle as time passes
~2.2 years is my expectation for the current bull run
Previous bull run labelled along with the bear market also
Above is the chart analyzing how I came to the conclusion of 2.2 years
This is my BTC Technical Analysis using FIbonacci Circles on the Monthly time frame. I posted my BTC Analysis using any Support and Resistance Zone Strategy as well in my Published Ideas Tab.
Fib Circles, moved nicely along the band up the the next leg now. Expecting movement upwards until the next rounded consolidation against the blue band.
Moving up to the next band of resistance on the fib circles and based on current momentum it seems we are going to break through.
Not financial advice, feel free to share your thoughts and opinions on my analysis, thank you.
