Get started

Goldenratio

Bitcoin Mathematics and RelationshipsIn mathematics, Fibonacci is the sequence of numbers that defines organic growth. In animal and plant life, the human body, as well as in success in life, this sequence is observed. Though science generally accepts the spiral pattern in certain aspects of life on Earth, some believe the Fibonacci sequence (named after Leonardo of Pisa who was nicknamed Fibonacci) is a mathematical equation for life as a whole. Technical analysis using Fibonacci retracement levels determines support and resistance levels. The Fibonacci sequence can also help us reach our goals and succeed in life. This sequence is relatively simple in theory. It's important to realize that the choices we make today will determine our future. We can achieve a better future if we learn from the past and incorporate that knowledge into the present. As an example, consider relationships, which are made up of the interactions we have with people with whom we have regular contact over time. The Fibonacci sequence is working naturally in some relationships where the interaction is mutually beneficial and appears effortless. However, other relationships can be difficult to interpret. Assess a specific situation by identifying and understanding the point of disconnect. Apply that understanding in the present. Similar challenges arise again in new forms. By coming to terms with the past point of failure the current challenge can be overcome. If applied correctly the patterns of behavior balances and forms organic growth.
INDEX:BTCUSD
by EsotericTrading
4
Bitcoin Golden Ratio StaticI made a video of this chart explaining in detail - the computations. Every time I tried to publish this chart, trading view messed up the half circle fib extensions. So they are not in the correct place. Just know that any way you spin the board (diagonal, sideways, vertical, horizontal, left, right, up, down) the golden ratio math connects with perfect cohesion and tells a story. Why don't you try to connect the dots for yourself? It really stretches that mental muscle. It's good for you. The book the Black Swan tells us that eventually the math will be wrong. Or will it? Has nature ever been wrong? Has fibonacci ever been wrong? I suppose when we break a system, or a sea shell - it becomes invalidated. Please don't take this as investment advice. This is just for fun.
INDEX:BTCUSD
by EsotericTrading
5
EURUSD H1 Chart Analysis & IdeaAs the EURUSD resets for the next trading week, price closes at 1.1795, inside a contraction level zone around 1.182/1.178, nearest demand zone around 1.172/1.168, nearest supply zone around 1.188/1.192, with weekly close reset trading range between 1.19 & 1.17, these are the areas of interest in this chart as of the week close. For price action, there's this wedge-like structure forming up on the hourly, and on the zoomed-out 4-hourly there's a established descending parallel channel getting escaped to the upside, maybe some more downside is possible, but only to grab liquidity further down and then move for higher prices, as this market finds a demand imbalance.
E
by acsedward
DJ30 will Fall to 32200 the Upcoming Week - Part 4 (Beauty)Now for the final part of the analysis of the market trend and the forecast that it would fall this week. Do you believe in horoscopes? or God? Perhaps, this post could make you change your mind about one of them. The market movement is controlled by the mystic Fibonacci sequence. Whether it is by inherent design of mass action or due to the collective following a common myth, I am not sure. Maybe I should read more about it. However, what is for sure is that whenever I use my favorite tool, the Fibonacci Spiral (aka. Golden Spiral), everything fits perfectly. If we look at this chart, I traced almost all the market movements in the monthly chart and they all offered to perfection the historic support and resistance of other trends, as well as future ones. Now, I traced the current trend as if it would end this week with the red spiral, and as you would guess, it fits perfectly, which is a strong indication of a market correction this week , since it would get more complicated later if it doesn't happen. To know the magnitude of the hypothesized correction, I drew the trend line I believe is the most likely to offer support (check the previous parts of this analysis) and traced from the current point another spiral to the line in the current month. The intersection point is nearly 322000, the point I already forecasted from previous analysis -- and it fits also perfectly. Here you go, a slightly irrational analysis based on symmetry, beauty, and abstraction, which, for me at least, is the most convincing of all. P.S. If I am wrong and it doesn't happen this week, then it should happen in 2 weeks -- still within this month. P.P.S. When the correction happens, it should have a more massive effect on NASDAQ, which could trigger a bearish market. That's still to be seen. P.P.P.S. As it is usual, TradingView messes with Fibonacci when aspect ratios are changed. For the correct;y fitted one, please check the photo below (use "Open image in a new tab" or so):
CAPITALCOM:US30Short
by MontyMacht
3
A crash to 0.3 with two golden ratio confluence of AB and AD legIf market will crash, 0.3 would be my price level to re-enter long or my price of interest for me to take a long/buy trade upon confirmation. A bearish divergence can also be observed! A confluence of two golden Fibonacci ratio of 61.8 AB and AD structure can be seen and a bearish APF has been completed already near 0.7 (psych. price) giving market a reaction right away. I could be wrong. Took a long/buy trade since 0.02 - 0.05 and will proactively managed my positions from there. Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation SL - Stop loss TP - Target Profit POR - Point of Ruin Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
by TheForexSamurai