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
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.
A more of an artistic piece
showing the climb of price then retreat back to the same fib level within the circle
they looked like mountains
so I decided to draw some mountains
Green oval best entry point for COTI
A chart demonstrating how price can move along the edges of the circle both bearishly and potentially bullishly
Green bars pattern is the assumed movement of price, which is inverse to the bearish move along the same fib circle previously
An example of Fib circles exhibiting their "stickiness"
Price prefers to trend along the circle, rather than break out. Although this breakout will come, it finds it 'easier'
I'm not sure of the mathematical relationship that allows this, but it is common and I have seen it among many of charts published and during personal time
If anyone has insight please...
I've combined several ideas from multiple charts into one. Main chart layout uses fib circles created from trend lines and fib channels. Chart has played out nicely so far. I've included a Wyckoff Accumulation layout on top of the chart and so far price has been respecting it nicely. I expect a test of 48K for Bitcoin in the near future. After all Bitcoin will fly...
Hi, I am coming with a similar chart ( Post Topic: 🥊 All ways for Bitcoin 🥊 /Link of this post had a problem👐) but I changed some items.
Bitcoin Analyze (BTCUSDT) Timeframe 4h ⏰ (sorry for the busy chart, but my chart needed these lines).
Live: BTC was able to increase 📈 until 41330$ , and then it started to decrease 📉 until our Necking line == We...
Hi, thanks for spending your time on my posts 🙏.
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ (sorry for the busy chart, but my chart needed these lines).
We saw a great pump for about 1 day and 8 hours 😱 (One of the reasons was for Elon Musk's Group (Tesla) ). Ascent slop was 70 degrees (normal degree is 45 ), so I expected that the uptrend will not...
This is one of the more likely scenario's i observe.
If you look left, the blue circle did the same thing multiple times before.
It's mildly bearish for the summer, but in this scenario we would recover at end of the year. Making this a quite bullish picture for higher timeframe traders and investors.
Unfortunately, my last three posts have deleted, because I did not comply with the '' house rules ''.
About BTCUSDT Chart, I can say some info; First, we are at Symmetrical Triangle (trusty == more than 45 _60 candles are on our Triangle) + We have Hidden Divergence ( HD- ) between MACD and Price , until now + Evening Star (Bearish candlestick ...
As posted earlier, it seems we are having a lot of downward price action leading to a further correction before the next impulse. Please let me know your thoughts and opinions, have a nice night trading.