Bitcoin Fibonacci Simulation
Updated
This is a reconfigured version of the market visualization like in previous works.
The purpose of fractal analysis is to identify trend changes that precede market reversal.
The market can go up or down, so the fundamentals change and alternate between positive and negative, which pulls pricing cycles as the market is being in a continuous process of correcting itself to forthcoming events.
Fib channels have different angles based on common tilt of uptrends/downtrends which are based on critical levels of repetitive group of patterns. Support and resistance is in quantum state expressed as fibonacci channels projecting a web of nearest corrective potential of impulsive price movements.
Participants of the market have different expectations of future targets. In most of the cases the popular targets are always in the same level where 2 or more black lines of Fib channels intersect, which determines all psychological levels of the market.
Since channels based on chart itself have a tilt, we can estimate the timing before reaching any given target.
The purpose of fractal analysis is to identify trend changes that precede market reversal.
The market can go up or down, so the fundamentals change and alternate between positive and negative, which pulls pricing cycles as the market is being in a continuous process of correcting itself to forthcoming events.
Fib channels have different angles based on common tilt of uptrends/downtrends which are based on critical levels of repetitive group of patterns. Support and resistance is in quantum state expressed as fibonacci channels projecting a web of nearest corrective potential of impulsive price movements.
Participants of the market have different expectations of future targets. In most of the cases the popular targets are always in the same level where 2 or more black lines of Fib channels intersect, which determines all psychological levels of the market.
Since channels based on chart itself have a tilt, we can estimate the timing before reaching any given target.
Note
REPLAYEDNote
Cycle establishedNote
New cycle according to idea without my subjective intervention.
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