Where is this going ?Another hard to chart, could go either way, but everything on your time and time is about to come on our green dashed curve.
Fibonacci Circles
BCH - Fibo Spiral Analysis - Bottom & Breakout Fibonacci Spiral Analysis.
Chart patterns follow Fibonacci Spirals and gives you ideas on where the price of a security is heading.
If you would like to see this analysis again or would like more information please leave comments.
Notable Screenshots:
See Related Idea for updated analysis on BCH.
Bullish perspective to 11KThis is how I see a bullish perspective for BTC, for bears another idea will follow.
Still early to say something but...MAID is going alongside the 1.618 Circle Fib, it may look it will break down soon but if NOT ? That's a lot to go up, how good is this risk reward ?
Still acumulatingReally hard to get the perfect curve market is strong with, because there is a really lot of harmonics and very wide options. Anyway market is still running sideways, the most obvious run is a bearish one but things are not always so simple and bulls are still on the game.
Charting a beastRDD looks like there is no TA here, it is living on a wild world. Let's see how this unfold.
Triple bottom +60%NEO got a triple bottom and looks like it is going for a very long run. Everything on Chart.
Strong very muchXVG is running stronger and eager than expected, so I think I got the wrong circle, this one is looking way stronger, and it may still go further long. Be sure you can handle the risk here as volatility is high, setup a good risk management and never forget to have a stop !
Divided It may look with current engulfing market will resume bearish but bulls also looks alive. This setup has all the bears simulations from previous idea also the same bull target now with a better zoom in, and inner bull and bear circles competing each other.
Exercise against biased thinking 18K 2 monthsMarket is like a chess game, and if you only keep looking at your own side, enemy will get you uncovered. This is an exercise of the kind "What if...". So What if this is the end ? Well on circle fibs there is almost no confirmation, it is looking weak and unfinished so this is spot that could surprise you opponent because it is not expected and this is exactly an exercise to expect the unexpected and get covered. Going long from here would mean some huge unexpected rally just like the path to ATH. So it is a rather long move, something to keep on mind in case it happens.
Bears SimulationsThis is a series of studies to try and simulate Bears setups. There is a lot of scenarios, and this methodology is still empirical. So I still don't have magic perfect crystal balls predictions but this is not the target, my target is always to have a base for risk management. To calculate high ratios risk rewards.
The fact is there is several curves and drawing an idea for each one doesn't help too much ! So I put together all the strongest curves on this chart.
Unified ViewThis is a unified bull and bear view, this time not from ATH but this curve is looking more strong with current action.
Bear Simulation 1This is a series of studies to try and simulate Bears setups. There is a lot of scenarios, and this methodology is still empirical. So I still don't have magic perfect crystal balls predictions but this is not the target, my target is always to have a base for risk management. To calculate high ratios risk rewards. This is attempt 1, ONLY for a bear market ! This simulation put into conflict the possible end of bear market with 1.618 Circle Fib into the last previous low, if it ever breaks down them this is the fastest confirmation you get that bears market is still ON.
Some consolidation and +50% 29 daysXVG is rocketing, and to take a rocket on the fly is a lot of risk. Anyway it is stronger than anticipated and now it should go for some consolidation, there is a lot of risk here about where to join again and time target is rather long. This is just a base to monitor for further entries, use it with care and risk management with a stop loss.
Bulls perspectiveBulls got back on foot and is a bit delayed to target, but setup is still valid. It needs to hold a bit here in order to go for a 12345 wave.
Bear Simulation 2This is a series of studies to try and simulate Bears setups. There is a lot of scenarios, and this methodology is still empirical. So I still don't have magic perfect crystal balls predictions but this is not the target, my target is always to have a base for risk management. To calculate high ratios risk rewards. This is attempt 2, ONLY for a bear market !
This simulation assumes bear market is ON but it's end is very close.
Hard one +45%Very hard prediction here, used some not on the book technique, let's see how this unfold.
Adjusted Bulls Strike backApril started !! With so many harmonics and possible Circle Fibs It was hard to get what would be the bottom with estimates varying between 6.7, 6.6 and 6.5K. My "first" estimate was a long time ago for 6.5K, you can search on my ideas for that, but with market dynamics I really thought It would "forget" old estimates and revert/bounce on a recent estimate. It is always hard, but this time several whales and very big volumes come into action. Let's see how this unfold and hope this is definitive this time.
Large Bear market to monitorBulls are getting some time but anyway you need to monitor both sides, this is the grand bearish map since ATH. There is even some indication that the Bear market has ended here but you never know for sure. So if Bulls somehow get weak and lost the dashed 1.0 Circle Fib bearish market will return.
Bulls strike backBears got a little bit oversold are they coming back soon to resume carnage or Bulls will take over ? Well if Bulls get a chance it will go to 9.4K and possibly 11K. I have a feeling Bear market has not ended so as always setup your risk management with a stop loss.
