renatorez2

renatorez2 Updated 

Fibonacci progression set from the first and second major ETH pivots The fibonacci levels of these pivots are represented in the chart Gann Fan applied and indicated the high and low trend lines

renatorez2

I just wanted to represent the idea that bitcoin is within the gap between 0.382 fib (resistance) and 0.236 fib (support) log growth curve. I also drew a downtrend line (between ATH and last pivot) and marked the intersection with 0.236 fib.

renatorez2

Yellow lines are trend lines that at different times were used as resistances and started to be considered as support. White lines indicate BTC channel from daily close. Red dashed line indicates downtrend line of BTC. Upper dashed red line is parallel to the lower line and starts at ATH. White dotted horizontal lines are support and resistance of BTC history.

renatorez2 Updated 

Handle bottom equivalent to 1/3 of ATH Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of...

renatorez2 Updated 

Analysis consists of considering fibonacci progression using the first pivot. The purpose of the analysis is to show that the supports and resistances of BTC and any other cryptocurrency (in general) are extremely well defined in the technical analysis of TOTAL The "maximum" fibonacci progression is at level 1.0 It is noticed that when reaching 1.0 fib in...

renatorez2

Fibonacci retracement applied in TOTAL Apparently it is respecting the maximum retraction 1.0 Downtrend line continues = daily highest Dotted downtrend line = daily close

renatorez2 Updated 

Regarding the last analysis (TOTAL comparison does not update). Purpose of technical analysis: Indicate support and resistance from the Fibonacci progression.

renatorez2 Updated 

Quantitative easing (QE) is a monetary policy whereby a central bank purchases predetermined amounts in order to inject money into the economy to expand economic activity. Recent balance sheet trends - Federal Reserve Board: www.federalreserve.gov It is possible that the rising wedge pattern of BTC/USD is formed due to US inflation. When comparing BTC to gold,...

renatorez2

BTC - GOLD recorded double top between October and November. Pivot for Fibonacci Regression lies between these 2 ATH. In November BTC consolidated horizontal resistance at 0.0673 (BTC - Steady currency) enables horizontal resistance between ATHs (BTC - U.S. Dollar) creates a rising wedge due to dollar inflation BTC broke through 1.0 fibonacci regression...

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"The Federal Reserve had 7.17 trillion U.S. dollars of assets on their balance sheet as of June 3, 2020, up from 4.17 trillion U.S. dollars on February 19, 2020." Source: fred.stlouisfed.org From July 2020 until today, USA has been injecting approximately 1 trillion USD every 8.5 months continuously. This becomes evident when comparing BTCUSDT November peak...

renatorez2 Updated 

This graphical analysis uses: Bitcoin Logarithmic Growth Curves and Zones Triangle Pattern Resistances and Supports (approximately: 30k, 40k, 50k) In 2021, two peaks were recorded: 64k in April and 69k in November. This builds up the wide white resistance line . By applying Bitcoin Logarithmic Growth Curves and Zones, it is possible to see that BTC...

renatorez2

The Federal Reserve had 7.17 trillion U.S. dollars of assets on their balance sheet as of June 3, 2020, up from 4.17 trillion U.S. dollars on February 19, 2020. Source: fred.stlouisfed.org From July 2020 until today, USA has been injecting approximately 1 trillion USD every 8.5 months continuously. This becomes evident when comparing BTCUSDT peaking in November...

renatorez2 Updated 

Uptrend and 23.61% Fibonacci Log Growth Curves are known on the same line Support defined through previous pivots and Fibonacci Retracement (dotted red) known at 40.5k$ Probably BTC will triangulate between uptrend and downtrend until early February and break into uptrend until resistance of with target at 50% Fibonacci Log Growth Curves, thus reaching again...

renatorez2

Uptrends, downtrends, supports, resistances GXS aiming for next dotted support

renatorez2 Updated 

If GXS respects the uptrend line (regular and logarithmic), some movement like the one in the above analysis is expected. However, 40% to 65% pullback on shitcoins after sudden growth like this is common.

renatorez2 Updated 

I would just like to position fibonacci retracement to follow next GXS moves

renatorez2

Recently EGLD broke its downtrend line and used 0.786 fibo support, just as it had done before. An uptrend is being created if TOTAL3 continues to maintain this rhythm.

renatorez2

ACH is currently under yellow support = fibo 1.0 bearish retracement ACH is not yet listed on Binance, among other exchanges