Potential small bounce then resistance ahead. enjoy! secret sauce: Cheers, Keops
Gold continue to trade lower, current swing projection at 50% retracement level 1193.9 and spiral projection 1190.3.
Here is the selling projection using fibonacci spiral, the recent low 69.08 reach 6 multiples of 1.618, which seen a slight rebound. You may see the same alignment at 4.236 and 17.942. For sure these ratio are not the usual fibonacci extension that people are using. The underlying power of Fibonacci spiral can only be utilize when 1.618 is use in an expansion way....
Potenial drop scenario to 2877 (TP1) if pressure put price under the purple axis. Then if TP1 the level is breached -> destination 2853 is very likely. There is a possibility of the reverse scenario as well but current odds are favoring the short side. enjoy! zoom in: zoom out: hanging by the neck: Cheers, Keops
BTCUSDT some curve fitting FIB Spirals in BTC by doggo orange pointed curve is correction curve
Fibonacci Spiral Analysis. Chart patterns follow Fibonacci Spirals and gives you ideas on where the price of a security is heading. If you would like to see this analysis again or would like more information please leave comments. Notable Screenshots: See Related Idea for updated analysis on BCH.
New fib vortex triangle setup being tested on the daily chart. Please note that this is a slightly different version as published before. Some fib spirals are missing.. |Gold| had initiated a bounce off the mega channel, turquoise fib spiral was hit and acted as bounce resistance. |Gold| did a 50% bounce retracement intraday move today and tested support on the...
Hello Guys! Let’s take a look at BTC but this time using large time frame. We love big pictures. With them many things make deeper sense, doesn’t it? Today we want to describe you what Fibonacci ratio is. This is a special ratio that rules the proportions of the world starting from such a small things like atoms, flowers, trees and finishing with unimaginably...
Not many traders use Fibonacci spirals, they are hard to apply and read (linear trend-lines are often much more intuitive). However spiral trends are equally valid, as any other trend linear/curved/moving averages, and can show us new data where future trend point might find support or resistance. Hope this chart will help us a bit better in understand it's evolution.
Dear friends, I've two scenarion on the outcome of the ABC correction of trx based on fib spirals and retracements. Kind regards, Omar PS: don't forget to adjust the spiral till they match with waves.
Fib spirals, Fib extensions, HVF all target the long-term support line. Projected target is about $2600 - $2800 late May/early June. Also: Forcing Fib spiral through that zone of confluence results in several possibilities for the next high. 1. Pink: Lower high within the down trendlines 2. Orange: BO from the down trend and lower high beneath the all-time...
First a small intro: THIS IS JUST A THEORY FOR NOW. CONSIDER THIS A TEST OF THE THEORY. I'm letting the chart on a larger scale, to expose the rather unsettling movement in the left corner. Notice how the price moved PERFECTLY between the intersection of 3 circles. It is.... scary, a bit. I came to this idea by thinking about satellites. You know how they work? 3...
I expect it to go in the green square. In case it goes parabolic I will sell around that area. If you don't like the fib spiral ignore it and just look at the support and resistance lines.
Respecting those lines. Moment of truth!
Fibonacci spiral indicator provides support to the idea that ~9.2-9.3 was the final true bottom for this BTC correction. BTC is oversold and this bounce could trigger the next major price movement upward and onward. Long live the king!
Bitcoin is in a bearish pattern, although, that's what it looks like. It crosses the 61,8% in the fib-tool (using Bitfinex)and in using the fib-spiral it looks like this will be confirmed a bearish pattern. There is a S-H-S formed with a declining line. As part of this S-H-S is the retracement ABC pattern which is formed during the S-H-S. So all signs look like a...