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Fibonacci Circles

Cycles of Progression The Magic of Fibonacci Numbers and 144 The connection between Gann and the number 144 is often associated with the work of W.D. Gann, a legendary trader and market analyst who developed various techniques and methods for trading in financial markets, particularly stocks and commodities. Gann's trading theories are often regarded as mysterious and esoteric due to their reliance on geometric patterns, numerology, and astrology. In Gann's work, the number 144 holds significance within his theories of market cycles and time analysis. He believed that markets move in predictable cycles and that certain numerical relationships govern these cycles. One of the key concepts in Gann's trading methodology is the idea of "Gann squares" or "Gann angles," which involve dividing price and time into proportional units. In Gann's system, 144 is considered a significant number because it represents both a square number (12 squared) and a Fibonacci number (the 12th number in the Fibonacci sequence). Gann believed that 144 was a key factor in understanding market movements and forecasting future price levels. Some traders and analysts who follow Gann's methods use the number 144 as a reference point for calculating price and time targets, drawing angles, and identifying potential turning points in the markets. However, it's important to note that Gann's techniques are highly subjective and interpretive, and there is considerable debate among traders and analysts about their effectiveness and validity. While some traders swear by Gann's methods and believe in their predictive power, others are more skeptical and view them as pseudoscience. Overall, the connection between Gann and the number 144 is rooted in his broader trading philosophy, which incorporates numerology, geometry, and cycles into the analysis of financial markets.
INDEX:BTCUSD
by StefIvanova
Fib Circles for LifeThis is my first educational post. This is not long or short. This is just fib circles. This tool is great for non-linear support and resistance. you can also draw horizontal lines at the top of each circle to make your traditional fib extensions and retracements. these can be used on any timeframe just like your standard linear fib ext/ret The biggest rule of thumb is to draw this shape on a 45 degree angle. you can check angles with the info line if a swing low to high in any area of the pa looks closed to 45 degrees. Fib circles are magic. and colorful. and excellent for logarithmic chart. try for yourself!
BITSTAMP:BTCUSD
by BallsOfSteel32
1
Bitcoin: All Fibonacci Schematics-This concept overall is called Fibonacci Clustering , which is laying over many different Fib Schematics on each-other... -I have combined 7 of my greatest Bitcoin Schematics into this one complete idea. -These Fibonacci Clustered charts have been battle tested for months. I have linked the original ideas down below to show how I first created these (by myself). - The first box is a monthly timeframe with the longest fib circles from each halving , so there are two circles . --VERY IMPORTANT-- THE FIBONACCI EXTENSIONS ON #1 ARE HIGHLIGHTED AS WHITE HORIZONTAL LINES . WE FRONTAN 70K AND RETREATED BACK TO 15K . GIVEN THIS MONTHLY PATTERN OF A FRONTRUN AND RETURN TO THE MEAN WE CAN EXPECT TO FULLY TAKE 70K AND THEN SOME BASED SOLEY ON THE FRONTRUNNING OF 70K.... -There is also the longest/earliest Fibonacci Extension in the 1st box. This is why it is a Monthly. -The second and third box are the 2 most prominent weekly schematics for Bitcoin . They are separate boxes but work together simultaneously. -Since they are created after #1, it makes sense to make them weeklies. But if I were to place them all into Monthly timeframes or visa versa, it would work either way ... If you click on "The Bitcoin Matrix" linked below, you'll notice that the Spikes in this idea are from #1 #2 and #3 in that one...
CRYPTO:BTCUSDLong
by MichaelBsul
1
bitcoin has no fib circle support after the 16th febas titled the bitcoin chart has no fib circle support after the 16th feb since the first range after the impulse the fib circles have acted as support and resistance ranging the price. the most recent drop found support on the circle around 21500. the immediate (today) circle support and resistance zones are 19k and 24k. after the 16th feb there is no circle support below and the door to 12k is wide open, i would expect decent movements soon.
by TBTS
LINKUSDT is testing the support right nowLINKUSDT is testing a key level at the $9.1 area, where the market has previously encountered resistance. This level is important because it has acted as a significant point of resistance in the past, and traders will be closely watching the price action to see if the level is broken. If the price of LINKUSDT is able to break through this key level and establish new support, this could signal a potential bullish trend. To apply Plancton's Rules in this scenario, traders should wait for the new liquidity and a new breakout to be confirmed before taking a long position. This means waiting for the price to break through the key resistance level and establish new support, which can provide more reliable signals for traders. So, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
11
Bitcoin long term outlookFirst outlook on previous analysis turned out to be wrong, but the overall idea is very much valid: BTC is now hanging around supply area/886 retracement level and losing momentum, RSI showing heavy divergence. I wouldnt't expect prices to go balistic in 2023 with recession coming and goverments doing all kinds of crazy stuff. This could very well be the top of the "bull trap", "fake out" or however you wanna call it. In case we break 25k, 30k would be pretty much guaranteed, but i still excpect a sub 10k Btc within the year. Remember the market will always gear towards the maximum amount of loss for the max amount of people, I would argue that a sub 10k BTC would be almost a sure thing if we get to 30k as the top of the fake out, just cause it would be such a loss for most people. Always working level by level and taking action based on what the market tells me and not my feelisngs. I would only enetertain the possibility of the bottom having been 15k if we break above 30k, until then this is the plan.
KRAKEN:BTCUSD
by Filipe_forner
Bitcoin PA and Fib Circles#Bitcoin Weekly & 618 Fib circles One Thing that tells me things have changed is the fact that PA is climbing UP a 618 circle. 1 & 2 were rejection, 3 was neutral & 4 is support NOTE the Arrow on 4.236 ( usual rejection ), when FTX went down & Fed put in 4th 75 point Rate hike- the perfect storm for a wash out. For Me, Fib Circles are more important that many think and here we see a progress from Stiff rejection on 1.618, softer on 2.618 - 3 is Near Neutral, signalling that the Ebb has turned and 4 is not support Which lead me to think that 5.618 could be very interesting BUT may not be strong support. In fact, I think we may see rejection again due to "World" Fundamentals.. Tghe 6.618, however, in the beginning of 2024 could prove to be very strong Support. Only time will tell
by Orriginal
ROKU Reaching an Inflection PointI recently started looking at Fibonacci arcs and circles. I see them as something similar to support and resistance lines. Charts have an uncanny way of touching support and resistance lines. I've drawn arrows where the chart touched or came very close to touching the two circles I drew. I noticed that ROKU is very close to reaching an inflection point where the circles intersect around January 30th. The lower circle also intersects with a support level of 26.64 around March 7th. I've labeled this the Inflection Area. After reaching this area, the price action could head much lower or even higher. I'm not saying that to make sure I'm not wrong, I'm saying it because I don't know. The major bearish double-top pattern from 2021 may have reached the end of its influence, but I think ROKU will reach the support level of 26.64 at least. After that is anyone's guess. Disclaimer: I am not a financial advisor, and the above statements are not investment advice. My comments are only intended for educational purposes. You are solely responsible for your own trading decisions.
NASDAQ:ROKU
by cdnbuzzard
A Further 25% Loss or a 20% Gain for KODK the Week Ahead?Following a severe bearish trend since mid-November that resulted in a 40% loss, Kodak share (KODK) is currently traded within a horizontal channel. Furthermore, KODK share is traded below the short and long term EMAs. If KODK share breaks below the previous channel, as indicated by the Fibonacci circle and Fibonacci extensions, the red colored area between 2.48-2.22 could be a feasible target in the following days. A break up above the channel, on the other hand, suggests that the three-bottoms pattern is still intact, and the 3.44-3.77 levels are the next targets.
NYSE:KODK
by SamerHa
1
pi in the skyfib "circles" made from tops & moved to big 2021 summer bottom phi & pi and harmonics, square roots, integers multiplying/dividing by 10 as well...wonder if that's independent of scale (would make sense if your scale is 10:1 or 100:1 or whatever) i generally use 100:1 on the daily and 1000:1 on the weekly for leftbrain reasons but always wondering if the secret sauce is just finding the right scale on the right TF (427:1 or 232348971.34738920:100 or something...looking at the chart thru the cycle as a lens to find points of resonance...frequency...harmony...i think this is what Gann means by squaring the chart but i have not read him yet) fresh air and sunshine maxi this week
INDEX:BTCUSD
by FinanciallyCodependently
3
The Let's Flip a Bitcoin Star FleetHello everyone and welcome aboard the Let's Flip a Bitcoin Star Fleet. I'm your fleet captain b2gg2b and today we'll taking a ride through historic times of the past as we travel a few years back in time to review the internet bubble and consequential crash that came just eight(8) years later. Below you'll be able to review the chart of the S&P500 during the early 2000, and the 2008 market crash that occurred then there after and how it relates to now. May it forever remain a reminder in the history of the Bitcoin Blockchain. So long as bitcoin persist we can look back upon this moment and honor the history those moments in our history, that ushered our new future. Our new digital lives. Let's get into the Analysis, there's not much to discuss. Provided is an overview of the current market structure with a Fibonacci circle overplayed. We can early see the consolidation to the left around the area of the 1.61, and we can see my projected target at the level of the 1.61. This is how I will intend to trade this move in the coming future. Rather we revisits higher price levels now or later, I don't really care either way. My interest is at 16.5-16.9K for long entry. It mimics that of the S&P 500 during the early 2000's and 2008 crash. Below you'll find examples of this also.
BNC:BLX
by Xploitify
BTC Liquidation analysis using Fib CirclesThis is my current viewpoint of what is currently happening in the crypto market. BTC has yet to close below my sell break level on the weekly time frame. I can see price potentially using this inner fib circle as a rejection point to recover to the next fib level. Volume is high, and we could see some potential insane moves to the upside. Though, if price breaks and has a WEEKLY BEARISH Candle that closes below my sell break at 29,725, we could see a plummet to 20k
BITFINEX:BTCUSD
0
by bmoney2020
4
CURRENT BTC FIB CIRCLE ANALYSIS- is liquidation finally over?This is my current viewpoint of what is currently happening in the crypto market. BTC has yet to close below my sell break level on the weekly time frame. I can see price potentially using this inner fib circle as a rejection point to recover to the next fib level. Volume is high, and we could see some potential insane moves to the upside. Though, if price breaks and has a WEEKLY BEARISH Candle that closes below my sell break at 29,725, we could see a plummet to 20k
BITFINEX:BTCUSD
by bmoney2020
2
BTCUSDT wants to retest the 0.382 Fibonacci LevelThe price bounced on the daily support on 39800 As I Told you in the previous analysis and now the price wants to retest the 0.382 Fibonacci level on the weekly resistance on 42k On the 4h timeframe, the price has a supply zone on 42300 How to approach? IF the price is going to retest the 42k and got a rejection, we can apply our rules for a new short position. The scenario is invalidated above the 43k –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
13