BTC (Y19.P2.E13).Macro.Level.All Fibonnaci
Updated
Creativity or does this have some truth to it?
Sometimes its about exploring all the options, so I said, lets try all Fibonnaci tools and how they fit.
You can argue that I made it fit but I leave that for you to decide.
I'm just putting this out there because I have seen many fibonacci or maths play out on BTC and its no coincidence.
So I'm putting this out there.
On this chart, I used >
1. Fib. Fan (one of my favorites)
2. Fib circles (and I have been using this especially for support and resistance on the sideways movements, looking for confluences)
3. Fib. extensions
4. Fib. pitchforks (I use these especially for macro level channels)
5. Fib. AB=CD (This played out on many occasions this year, especially the bigger moves)
6. Trend Line
** Below are some of the previous posts that support this commentary on 1 to 5 use.
Please give a thumbs up or a like if you agree or just appreciate the effort.
Regards,
S.Sari /CryptoProspa
1. Fib. Fan and Fib.Pitchfork
5. AB=CD
4. Fib. Pitchfork
2. Fib. Circle in action
Sometimes its about exploring all the options, so I said, lets try all Fibonnaci tools and how they fit.
You can argue that I made it fit but I leave that for you to decide.
I'm just putting this out there because I have seen many fibonacci or maths play out on BTC and its no coincidence.
So I'm putting this out there.
On this chart, I used >
1. Fib. Fan (one of my favorites)
2. Fib circles (and I have been using this especially for support and resistance on the sideways movements, looking for confluences)
3. Fib. extensions
4. Fib. pitchforks (I use these especially for macro level channels)
5. Fib. AB=CD (This played out on many occasions this year, especially the bigger moves)
6. Trend Line
** Below are some of the previous posts that support this commentary on 1 to 5 use.
Please give a thumbs up or a like if you agree or just appreciate the effort.
Regards,
S.Sari /CryptoProspa
1. Fib. Fan and Fib.Pitchfork
5. AB=CD
4. Fib. Pitchfork
2. Fib. Circle in action
Note
If it breaks this resistance ring, it will be significantNote
Like everyone said, potentially an inverse H&S, which has confluence with the fib.fan resistance, having the same target and hence just below 8K on Binance the target. Note
Another MACRO perspective using the RSI with EMANote
Upward wedge gives insight to the target, above 8K doesn't look feasible.Note
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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