Circles
Fib Circle dump example scenario ATOMUSD
As per the above chart, I have found a possible example that may play out the same
The premise is price dumps along the side of the Fibonacci circle
I think this is because the price is "attracted heavily" to the circle as it dumps, causing this chart phenomena
I don't want to spread fear for ATOMUSD hodlers, simply trying to find another example. It could play out completely different.
If anyone knows more about this, comment !
BTC AnalysisAnalysis Process Notes:
1. Scaled chart to 989.585504. Looked nice on the weekly
2. Used Price Angle & Gann Star By Se7s - V2 to calculate
the initial range. Spacing set to 100 000.
3. Drew a Gann Square FIXED. From 0 to $400,185.48
4. Drew 2 quarter Gann squares on top of the initial square
5. Drew 4 Gann squares on top of the 2 quarter Gann squares
6. Stretched the large fib circles over Initial square
7. Stretched 2 fib circles over 2 quarter Gann sqaures
8. Stretched 4 fib circles over 4 bottom Gann sqaures
Comment any suggestions or ideas
BTC/USD - using Fib circlesUsing Fib circles we can see that 2.618 was a strong ressistence for previous high and for last dump it appears as a support.
If use 140MA it can be seen that it also appears as support for now.
And similiar patter as in September before main bull-run.
Need to hold 140MA.
Btw, using circles localy - all coorection could been foreseen.
AVAX USDT Retracement LevelsYellow boxes indicate current and past correlations. The Fibonacci Spiral and the gann box agree on these levels. Since the measurement of more than one technical tool gives the same regions, I marked the strong possibilities on the chart.
I recommend doing your own analysis when approaching these areas. Because I'm just sharing my own predictions with you.
Technical details may differ according to everyone's measurements. I tried to do as much as I know.
p.s.Note:This is not investment advice.
Certainty is dangerous - BTC downsideThis run up from 29k has been fast paced and well accepted by most. Most are certain downside isnt feasible at the current state as BTC is so bullish however given confluence at 54k mixed with a few other indications , i feel our current position is not going to be held for long !
Mapped out are two price ranges highlighting the drop size required to go to 27k . Notice how in the first dump we dropped 34k in 70 days and now we could be looking to dump 26k , sending us to 27k in 70 days.
Currently the dxy looks weak and is showing signs it could return to 90.This is a potentially bullish sign for BTC however that also fits in with my idea here considering we are still 4k away from 54k.
I do expect a pull back to 48k at some point within the next week if we make no attempt at 54k. 27k is still very unlikely however certainty is dangerous
-Ozwald
Something new to tryThis chart is a challenge for all of you to try something.
First: Watch Akwaflow's video " BITCOIN : WHAT'S NEXT IS ALREADY WRITTEN IN THE CHART !!! " on YouTube.
Placing the circles is the first hurdle. The point is to detect pivot points.
I did this first one quickly so it may not be accurate. This is a work in progress until the circles show their positions and start indicating future pivot points.
First guess: XYM at $ 0.60 by the end of the year.
Sticky CirclesAn example of Fib circles exhibiting their "stickiness"
Price prefers to trend along the circle, rather than break out. Although this breakout will come, it finds it 'easier'
I'm not sure of the mathematical relationship that allows this, but it is common and I have seen it among many of charts published and during personal time
If anyone has insight please enlighten me
Two examples here the USDOLLAR and ZRXUSD
Fibonacci Circles GuideA guide for Fib circles
1 - Draw the trendline
2 - look for areas of confluence around the circle at levels for example 0.618, 1.618, 2.618, 3.618 ...
3 - Make an assessment
This is the 4Hour chart for Ethereum and isn't as reliable as using a higher timeframe, say drawing the trendlines through the entire bear market on the weekly for Ethereum would be more effective. Regardless it still serves its purpose.
This is little data for the current bull run.
This trendline drawing can be applied to any (weekly preferable) chart and assessments can be made based on the position of the price, above or below a key Fib level E.g (0.618)
Hope this helps aspiring chartists