Bitcoin Encapsulation Fib Circle 15 APR Update

COINBASE:BTCUSD   Bitcoin / Đô la
As the title says...
BTC is currently encapsulated in a Fib Circle.
I expect to move around the Turquoise & Blue Circle for a while.
Breaking 9000 and staying there would be a good bull run confirmation for me.

We shall see how it develops.
For now... it will bounce between those circles.

Giao dịch đang hoạt động: Still viable...2 days after I posted it
It will be interesting to see if it bounces off the red arc.. and if it does, I'll wonder where you got it from :)
Phản hồi
reynar arthax0r
@arthax0r, The Big Red Arc is from the Fib Circle starting in December-January.
It might not bounce *exactly* on it, but it acts as a strong support right now.
As you can see, it dropped below it a few days ago only to pursue it again.
Phản hồi
What makes you think so, and how do you choose a center for a fib circle study?
Phản hồi
reynar arthax0r
Look at the outer circles. Whenever the price entered a new area, it changed it's behavior.
Regarding the recent price: Observe the pump breached the turquoise circle and hit the blue one - then stopped.
Afterwards it remained "trapped" between those two points of resistance and support.

And I'm not setting the fib circles the conventional way.
This circle was setup 2 weeks ago, and it fit almost perfectly (with a slight $200 deviation)
It is my own technique that I call "Fib Circle Triangulation" - you can look it up here:
+1 Phản hồi
reynar reynar
@reynar, Almost 3* weeks ago, actually*
Phản hồi
@reynar, Thanks.. I have only seen one other good Fibonacci circle pattern, but I didn't really understand why it fit so well. I'm looking at the longer term pattern from a trend line perspective and .. if it sticks to your pattern.. it will invalidate mine...fortunately, we're going to find out pretty quick which way it goes. :)
Phản hồi
reynar arthax0r
@arthax0r, Seen it where?
And sorry I forgot to say: I'm choosing the center based on resistance and support patterns.
If you look at the price, you can see that most of the time it resembles a circle at some point of another.
I'm looking for 3 points of validation (support and resistance) before I place the circle, so I get a bit of science in the mix.
Phản hồi
@reynar, I played with the tool once and found a pattern.. but I didn't know why or how I could have found it intentionally :)
Phản hồi
reynar arthax0r
@arthax0r, Also, I'm not saying it will go UP.
I'm saying that it will move inside this circle.
I saw something similar a month back, and it went down went it reached the middle of the arc of the circle.
Phản hồi
reynar reynar
@reynar, when* it reached
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Gửi phản hồi Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất