FibonacciTheGreat

FibonacciTheGreat

12/9/2023 I - Issue: Yesterday, the latest unemployment rate for the USA were released. The current rate stands at 3.7, reflecting a decrease of 0.2. The key question now is whether this is merely a test of support or a signal for a potential invalidation of the bottom structure. R - Rule: Since 1950, we observe numerous instances where the unemployment rate...

FibonacciTheGreat Updated 

Today is October 26, 2022. In past days, the crypto market has shown some movement upwards, and the bottom is said to be in. I have my doubts about that, but I still take both cases into account of course. World Mobile, is a great project with a clear vision and plan for the future. Simple but important slogan: Connect the unconnected. At the time of writing,...

FibonacciTheGreat

Potential cup and handle pattern for ADA? Just an idea. Regards!

FibonacciTheGreat Updated 

In the 60k levels I saw a trendline emerge (see idea below). A trendline measures considerable resistance. We have now broken through. And have already tested it 3 times as support. I'd say it's time for an upmove. But who am I to say anything about that haha

FibonacciTheGreat Updated 

It's time for a new Wyckoff idea. The last idea i published i used a different Accumulation schematic, but that one has proven to be invalid in this situation. So i kept searching and yes i found what i was looking for. Well, let me know what u think of it!

FibonacciTheGreat

It's easy to get scared right now. But just know that if we don't put in a local lower low (below 44200), there is nothing to be scared of. This Wyckoff pattern is still valid, and so it looks like we will visit the 52k resistance anywhere this week or next week. Just saying... haha Regards!

FibonacciTheGreat Updated 

It's time for an update I think! Not long ago I made a chart about the accumulation phase of Bitcoin . I expected a higher high, and then a drop with a few small upmoves, but a clear downside pattern. Well, we definitely saw up movement. But we didn't made a higher high. So that was something I didn't expect, but which is okay. ( BTC /EUR made a higher high tho,...

FibonacciTheGreat

It is very possible, that we are now in a Wyckoff accumulation phase. But to confirm that, we have to go up and make a higher high at around 46k , and then a drop will follow. As always, lets see. And let me know your thoughts!

FibonacciTheGreat

It's been a while since i published an update of the wyckoffian scheme. If you followed my analyses, you know that on 11 december i published a chart about this wyckoffian scheme. I made a the support and resistance like i saw them in the scheme. And 3 moves between these support and resistance . And it played out exactly. In a bit longer timeframe then i...

FibonacciTheGreat Updated 

Wassupppp These days are important days. Like i said in a previous chart; its the dicision time. Will we stay on the trendline, and hold the 40k as support? Or will we lose the 40k and go into the 29k direction. I personally think we will hold it. This, because the support here is massive. And secondly, the market does the unexpecting. Many people think it wont...

FibonacciTheGreat

Decision time for BITCOIN! Will we stay on the trendline, and hold ~40k as support? Or will we crash below it? Let me know in the comments

FibonacciTheGreat Updated 

If you've been following my charts a bit, then you know I've been expecting that drop for a long time. If we continue to follow the Wyckoffian logic scheme then it is quite possible that the accumulation phase is at 29k. But today I looked at the charts again, and I noticed that the moves we're making now are very similar to the accumulation phase we saw in...

FibonacciTheGreat Updated 

As you can see, we are once again testing the resistance these days. Exactly as the wyckoffian scheme shows us. But make no mistake. 51.5K means no breakout, and the model is now broken. From 55k on multiple timeframes a confirmation I consider as invalidation level for this Wyckoffian scheme. So the moment of truth. Are we going to follow this schedule as we...

FibonacciTheGreat Updated 

Yesterday i published a total image of the Wyckoffian logic scheme. Now, lets zoom in to where we are now. Let me know your thoughts about this

FibonacciTheGreat Updated 

Well how is it going so far guyssssssss Not depressed yet? hahaha Hey take care, and well I hope this charts gives some insights in this quite manipulated market.

FibonacciTheGreat

A bloody day for Bitcoin. It looks like we didnt hold the BMSB (bullmarket support band). We should at least weekly close ABOVE the 50MA. Very important!!

FibonacciTheGreat Updated 

I can say a lot about this, but its pretty clear. I expected a drop to the 53k area. We did, and made a clear bottom at 53.3k. Up pressure now, and lets see if we can break the trendline resistance. Currently that's around 59k . If we close a 4h candle above that, we can see an ath within the next coming days/weeks. out,

FibonacciTheGreat Updated 

As you see, we broke the trendline but failed to stay above it. Now we see bitcoin trying to get above it, but we failed. I think we can see a pullback to the 55k range, before we will try again to break the big resistance.