BitcoinUpdated Bitcoin - Magic Square
Geometry, the one to rule them all. This chart meant for intra-day trading. You have to look at the Fibonacci levels but also the Fibonacci angles.
Good luck!
Good luck!
Note
Magic squares? What are they. Find out more in prior charts!
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EW approach Note
9600 is 38.2% correction from this bulltrend.Note
Retest of 10200-10270 is possible Note
A new lower low would mean 9500Note
We hit 38.2% retracement from top! This is support and think we will bounce to retest 10200 now.Note
We broke 1x1 gann angle (45 degree)! Trend turned bearish.Note
The blue angles are important support lines.Note
Seems like a diamond, trading is a bit indecisive Note
Bitcoin is above 1x1 line now, trend is bullish!Note
This looks like a bullish correction, bounced on 61.8% fib, trend above 1x1 (45 degree gann angle).Note
Breaking up the square give TP 12750-13000Note
ETHBTC and BTC inverse relation Note
ETHBTC look bottomed now, BTC could come down nowNote
1x1 Gann angle staying nicely in tact so far.Note
BTC nearing the 0.886 vertical time extension, important time level.Note
I'm really interested what will happen at the 1 by 1 top.Note
And 1x1 angle broken we are below the bulltrend.Note
We bounced on the 38.2% uptrend angle.Note
Below 38.2% angle bulls losing support.Note
The 11.4% angle is our last support. If we dont bounce here most support is lost.Note
When 7K breaks targets are 6666/6000/5300/4800Note
BTC again on the Magic Square 11.4% trend line!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.