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Rings

Bitcoin Bullrun Rings (2016-2024)In this chart, I showcase my major Bullrun Rings since 2016. As stated on the chart, there have only been 2 failures that still resulted in a major upturn into new ATHs. The only failed trigger since inception was marked in Nov 2013 (not depicted). This saw a close above the green ring and then closed below two weeks later. Prior to this date, 4 additional targets were also proven to signal upward continuation. With regards to my additional ring placements, they help guide and navigate price action direction and assist in providing forecasted support, resistance levels and pivot points. The results are evident and harmonic, to say the least. Forward-looking projections and Key Takeaways: As I see it here, there is a little upward free-ranging until we hit either the above or below rings. Just keep in mind, typically once crossed, that price is not seen for a long time, or if not at all. One major clue in identifying major moves is when these cycle Rings converge or cross one another. On and around the week of the 20th of May 2024 we will be seeing a major crossing of Rings multiple rings. Some of which are not here due to the inability to visually comprehend. I have labelled some price targets, but be aware rings are not straight and price can, at any point hit a ring. As it stands now the peak of the upper red ring is coincidentally the 2022 ATH at 69K Final Thoughts Become subjected to what may appear to be a solar system of overlapping crazy rings, but be sure to look closely and see for yourself the confluence and relationships these rings play into price action and timings. Thanks Here is a link to the original post x.com I will be sure to post updates zoomed in as we approach a ring.
BITSTAMP:BTCUSDLong
by LiquidMafia
3
A Date with Bitcoin (Part 2 The Bottoming)The Confluence & Power of The Rings Over the years Fib Rings have had the tendency to indicate high levels of Support and Resistance. From the recent past these 2 rings I have done there has been a slight glimpse to look into the future. Take of it that you will but the facts are in the chart. Review the major moves Bitcoin has taken over the past year (2021- present day), observe the timeline and price targets Bitcoin has had with respect to the bounds of "The Rings". The Bottoming As we approach 2 major Crossing Fib Rings and a confluence of Trend-Base Extensions, 300 MA and a measured move of 30% to the down side there are a few key dates to pay attention to: Price Targets $17,549 > $16,200 (possible wick down to $13,839) - July 5-6th we may revisit the same support in which we bottomed on the June 18th ring. - From this, for a few days we may gain short-lived triggering a "double bottom" bounce. - Towards 12-14th July I suspect we revisit the ring that kick started the whole 2021 bull cycle again. Marking a potential mid-year bottom. As this indicates that there is a potential further decline, I am not ruling out that there could also be further downside in the weeks to come or, a bottom is already in. This theory suggests only if there is more downside and the dates to watch out for. Breaking either of these ring cross overs would indicator further downside or potential reversals. I will update this as we progress.
INDEX:BTCUSD
by LiquidMafia
5
my fibringsThis is a Ringchart im now drawing since ~3 years, That falling fat red ring especially which BTC did hit and dumped hard after, was drawn around 2021 September Really magically for me, how good it hits since its beginning of placement. normaly i try to find rings shifted a little bit into the future, so that newest rings (centers on the most right point in the chart) are around 30. sep. old when that falling formation was built There are some targets marked, which levels will likely show at least a response for a entry to secure the trades. Usually i do spot decissions on that bigger scale rings have fun exploring my roadmap :D
BNC:BLX
by djmad