The AMP chart really follows the Gann Box patterns. Probably in the next few hours it will go into an uptrend due to the effect of EIP1559. The red arrows only indicate a downtrend in the respective direction. Its size (how long the red arrow is) means nothing. It may touch the Fibonacci retracement (black) lines and grow back. I have marked these possible...
Support and resistance lines determined by Fibonacci retracement. With the implementation of EIP 1559 in just a few hours, the cryptocurrency market in general is expected to rise. Too many supports down from current BTC position and far resistances up.
Results obtained using fork and Fibonacci retracement .
Results obtained using fork and Fibonacci retracement.
1. Analysis from above considers 4-year Bitcoin cycle. This is why BTC is represented in an uptrend. Peaks: November 2013 - December 2017 - December 2022 2. Using Gann Box to use lines of support and resistance and Fibonacci Retracement / Circles. It is possible to see the pattern that the BTC value stays above the circle until a support is reached to make it...
This analysis was explained in my previous post. The black arrow drawn on the graph above represents my forecast for BTC through the end of the year.
Analysis above uses only Fibonacci Retracement (at certain points and with different pivot references) and Gann Box 1. Considering that Halving 3 ends in the last weeks of December and therefore bear market takes effect from the first weeks of 2022. 2. Extending the Gann Box from the beginning of the rally in December 2020 to the end of the bitcoin cycle...
We are right above the maximum Fibonacci retracement value. Tense and insecure moment for BTC
BTC failed to break the last Fibonacci retracement line and will therefore go down in the next 2 weeks. Probably BTC will rebound on penultimate line of Fibonacci retracement = 35366$ and will try again. If it manages to break huge resistance, BTC will be able to (very certainly) break the last Fibonacci retracement line and thus enter an uptrend until December...
This is my best analysis so far and I will use it as a reference until I break all 3 red resistances. Explaining a little how I defined these resistances: Resistance I: Area formed between the 50% red line of the gray channel, the 0.5 Fibonacci retracement line (based on the beginning of this year) and the two boundary lines of the BTC bull channel Resistance...
Retraction Using Gann Box and Fibonacci. The analysis above indicates one of the possibilities of an uptrend.
Retraction Using Gann Box and Fibonacci. The analysis above indicates one of the possibilities of an uptrend.
Retraction Using Gann Box and Fibonacci. The analysis above indicates one of the possibilities of an uptrend.
Retraction Using Gann Box and Fibonacci. The analysis above indicates one of the possibilities of an uptrend.
Retraction Using Gann Box and Fibonacci. The analysis above indicates one of the possibilities of an uptrend.
Retraction Using Gann Box and Fibonacci. The analysis above indicates one of the possibilities of an uptrend.
Result obtained using Fibonacci Retracement and Gann Box
If it goes up to the next black rectangle, it means long-term uptrend