Another alteration of former series of structures which I highly recommend considering to look at in my previous btc-related ideas. The steepest Fib Channels source and reason why are they are spaced apart relatively far: The trendlines people draw in TA is replaced with curves in Fractal Analysis. Since a line is odd to natural formations, it has no value in...
In fractal analysis the randomness of price levels can be justified with the chart's historic HL coordinates. We'll use the old structure below as a base for further cycle breakdown. There are another two fib lines derived from angled trends, the fibs of which rhyme with chaos behind price action and cycle formation: Steep fibs determine timing of high...
Here we're dealing with fib levels derived from macro low & high price levels, specifically covering historic ATH levels. Log scale on because we put emphasis on chart-based A/D in percentages. Identifying critical points of fractal starting from times of eye-catching volatility and perceptible cycles. We start with fib coverage of ATHs chronologically: 1st pair...
Interconnectedness of waves within cycles from the past to the present covered in fibonacci ratios. In a nutshell, justifying the randomness of price action with golden rule. Source: 2 major colored channels: Source: New applied fibs: Source:
Fibonacci is tuned to the nature of the growth of this company in respect to timing. 2 fib intersections confirms psychological level. 3 fib intersections indicated higher probability of such level. Always good to check for intersections to evaluate the price you expect in terms of fib probabilities.
Further breakdown of emerged bullish wave from local lowest point. 1h tf coverage using fib measurements of long-term waves as a bg layout. Original:
Just a followup idea on decrypting the chaos behind waves on 1h tf covering recent market activity with trend angled fibonacci ratios. The colors on bg are from long-term fib coverage:
Combined fib channel coverage of all historic levels pricing with fibs. 2 colored channels confirm each level with method of cancelation producing gradient of colors mimicking the intensity of bulls and bears. For example intensity of red is higher at current ATH due to collision of two fib channels followed by decline to colder colors establishing support. Now...
Determination of psychological price levels based on core measurements of Dotcom bubble. Narrow colored channel top in this case can be connected to subjective angle which would make 1 or more corrections bottomed as 0.618. s3.tradingview.com Fibonacci coverage of interconnectedness of the whole history: s3.tradingview.com
Relationship between ATH, Local bottom and first pullback in fibonacci ratio lines. Testing Buying Pressure / Selling Pressure volatility based indicator of measuring relationship between metrics of green and red candles separately. That's why there is 1 dashed line to indicate when they balance. Red line is SP / BP to see ongoing change in sellers' aspect. Left...
Defining the levels of reversals in terms of fibonacci ratios derived from Convid19 crash. Second alternative colored fib channel is placed in respect to established unity. Old version contained colored fib channels covering period from 2008 crash. Whereas in current version, the interconnectedness in fibs are based on metrics of Covid19 volatility ONLY ....
A related concept from the book: The Misbehavior of Markets by Mandelbrot In fractal analysis, time is flexible. The multifractal model describes markets as deforming time-expanding it here, contracting it there. The more dramatic the price changes, the more the trading time-scale expands. The duller the price chart, the slower runs the market clock. Some...
Relating common behavior with fibonacci channels on log scale. Interconnectedness: Top of housing crisis fall ⇨ Current ATH (0 line - direction) Bottom of housing crisis (1) sets the related range projecting into future. Also considering different tilt: Top of precovid crash ⇨ Current ATH Bottom of Covid19 crash (1) And its derivatives 1.236 +
Breaking down the volatility & cycles in terms of Fibonacci ratios. Market rhymes with golden ratios adapted to the average angle of its waves. Having the golden rule interconnecting the history to the present, it allows projecting its domestic randomness into the future. So the only subjective component of this idea would be coloring which mimics the LT momentum....
Original: // I believe the 2023 bullish wave has been approaching the local high which is at fib sequence level relative to falling sequence. This looks very overbought for a pullback even from general decline perspective (TimeFib 0.618 - 1). I mean that wave has already caused desperation for many who bought high, so they lost their confidence and will...
Just a cleaner zoomed in version of Bitcoin Fractal Dimensions II with important visualized details. Since we've already covered the point of my irregular use of fibonacci channels for simulating the market, it's time to break down the candle data even further to justify whether Fibs are priced in at the right levels. I'd qualify this as a bullrun if price...
% 🕘 Fibonacci Reversal Zones give awareness about interconnectedness of historic patterns all the way to current candle. Projecting how one wave can be relative to the other using various Golden Ratios derived from waves of notable cycles. Application of chaos theory behind the nature of the market in Fractal Geometry. Long-term alertness for Violet Area: Why?...
Followup on: Justification of zones with fibs Covid Drop Fib Echo Back: 2020 to ATH: ATH to local bottom: