We tested the upper levels of the pink channel in March and April. This is also channel 2 of the Fibonacci channel. We tested channel 1.414 of the Fibonacci channel (also the 2017 peak) once again in May 2020, after testing in January 2020. If BITFINEX:BTCUSD breaks this resistance, we can retrace to the 1.272 channel, which is also the middle line of the...
I uptated my #wyckoff accumulation schematic
We have Fibonacci and Uptrend channel. I have indicated a max target which is 8 trillion dollars for 13th December 2021. Looks like imposible but whoo know. We will watch and see
Hi Guys! Let's make some experince. Pick up Fib retracement tool and hit ATH point and then hit the bottom point for BNC:BLX . Let's repeat this for 3 ATH which are 2011, 2013 and 2017. Did you see intresting coincidence, didn't you? BITSTAMP:BTCUSD always pulled back to fib 1.272 after crossing the ATH point. The next ATH was at the fib 2.414 level. If...
Hi guys! I hope everybody doing well. If we draw the Fibonacci Retracement from the ATH point to the lowest point, we see that the fib 1.6 point is the lowest point for the price.
Hello everyone, I hope everyone doing well.. I want to provide some update about BITFINEX:BTCUSD I pointed to 30k in my previous analysis. I will add it to the comments. (We partially achieved this target with 31k) After the fake triangle breakout on June 3, we broke the triangle downside. (5-7 June) We broke the upper line of this triangle again today....
After Friday's fake breakout, BITFINEX:BTCUSD is trying to break out the lower part of the triangle now. There are two path ofcourse. I think it'll go downside first.
BITSTAMP:BTCUSD may have dropped more than 50% in May, but it's still in an uptrend. If we look from the weekly time frame, we can see this more easily. I have a Fibonacci channel, which you can draw this channel from 12 Jan 2015. We predicted 2017's top according to this channel. If it'll work again like in 2017, new all-time high would be 300k in mid-December...
I have a Fibonacci channel that I created by combining the points dated April 3, 2017, January 8, 2018, and December 10, 2018. ( I specified this point with light blue circles.) There is also a bar pattern of the movement from June 12, 2017, to January 8, 2018. When we add this pattern, it exactly coincides with the top of the Fibonacci channel which is 6666$...