Goldenratio
Chart Patterns Tutorial Technical AnalysisThis video is an overview of Fibonacci golden ratio chart patterns for those who are new to trading, crowd psychology, and/or for those who aren't sure what any of this means.
I am particularly fascinated by the fact that certain world events and media FUD are aired in accordance with certain fibonacci zones, which is contributing to an in-depth exploration of the hive-mind hypothesis beyond what could merely be trading reaction to support/resistance zones without macro global influence involvement.
I hope to eventually chart a time frame of media events and compare how they line up within the various golden ratio zones.
Harmonic Math BTCThe multiples reference the Golden Ratio (1.6) and the Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21). These are important mathematical numbers. These specific multiplications of the 350DMA have been very effective over time at picking out intracycle highs for Bitcoin price and also the major market cycle highs.
Bitcoin Golden Ratio VideoI am SO SORRY about the scratchy sound. I was being lazy and resting my laptop on my legs in bed.
I thought it would be more useful to explain my thought process rather than post a static photo. Let me know if it helped.
This is just a theory and SHOULD NOT be taken as any sort of investment advice.
This is just for fun and to inspire you to connect the dots in your own unique way of seeing things.
ORBEX: DXY Looking Impulsively Bearish After Golden RetracementThe US Index correction up to the 61.80% Fibonacci retracement of minor waves 1-3 missed the 98.66 low of wave 1. This means that the current structure can be still considered impulsive.
With bears pushing prices down sharply, the chances of reaching fresh lows for the completion of minor wave 5 are increasing.
This scenario could be validated below minor 3's low at 97.10. Should that be the case, the index could extend its losses anywhere down between 95.50 and 96.34!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
