Fibonacci Spirals Magic Triangulation on Bitcoin with details.
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First a small intro:
THIS IS JUST A THEORY FOR NOW.
CONSIDER THIS A TEST OF THE THEORY.
I'm letting the chart on a larger scale, to expose the rather unsettling movement in the left corner.
Notice how the price moved PERFECTLY between the intersection of 3 circles.
It is.... scary, a bit.
I came to this idea by thinking about satellites. You know how they work?
3 satellites triangulate their signal to find an intersection and 4th one is the reference.
I thought: "Hey, could I apply something similar to charts?"
The business part:
TL;DR
Based on this chart, I suspect it will either hit $7650 and bounced back.
Or hit 7200$ and possibly stay there for a while, while bouncing between 7200 * 7600.
OR
Hit 6900 and bounce between 6900-7200 before making the next decision.
The details stuff:
1) Notice how btc stayed right in between areas defined by the circles
2) Notice, at the intersetion of circles, that a new shift if bound to happen OR a hard resistance/support is being stressed.
3) Notice that EACH circle line represents a resistance or a support.
4) Notice that every new circle hit is basically a new decision to be made.
If My theory is correct, we moving into another area of interest.
One quite tiny and with a lot of possibilities.
The direction of the exit path will dictate the next movement.
I also have a new theory about how this fib circle stuff and boll bands come in play together.
Can you see something? leave a comment.
THIS IS JUST A THEORY FOR NOW.
CONSIDER THIS A TEST OF THE THEORY.
I'm letting the chart on a larger scale, to expose the rather unsettling movement in the left corner.
Notice how the price moved PERFECTLY between the intersection of 3 circles.
It is.... scary, a bit.
I came to this idea by thinking about satellites. You know how they work?
3 satellites triangulate their signal to find an intersection and 4th one is the reference.
I thought: "Hey, could I apply something similar to charts?"
The business part:
TL;DR
Based on this chart, I suspect it will either hit $7650 and bounced back.
Or hit 7200$ and possibly stay there for a while, while bouncing between 7200 * 7600.
OR
Hit 6900 and bounce between 6900-7200 before making the next decision.
The details stuff:
1) Notice how btc stayed right in between areas defined by the circles
2) Notice, at the intersetion of circles, that a new shift if bound to happen OR a hard resistance/support is being stressed.
3) Notice that EACH circle line represents a resistance or a support.
4) Notice that every new circle hit is basically a new decision to be made.
If My theory is correct, we moving into another area of interest.
One quite tiny and with a lot of possibilities.
The direction of the exit path will dictate the next movement.
I also have a new theory about how this fib circle stuff and boll bands come in play together.
Can you see something? leave a comment.
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Well...holy cow
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