07 APR 20
There are some things that once you see them, you just can’t turn away. A few Associates I have grandfathered in with learn and share ideas such as the mathematical ratios found in Fibonacci Circles. I’ve introduced several here given to me by OPTICALARTdotCOM that can help us keep a clear and level mind going forward with the evidence in hand. They’re identified with the Blue #1.
Say we borrowed the PINK Fib Circle and used it like a clock. You will notice that about the 11th hour the Bitcoin trade crossed to the inside of the PINK circle and could not get back out. Until now! Well, until 1 ½ days ago NOW. It crossed through like a Jedi. It helped Bitcoin continue its transition in the short trend. What will happen when it comes to the next ring? Crossing the BLUE Fib Circle could begin a freefall well below the expected target. We’ll know more in a day or two if there is any stall.
So I use the Fib Circles straight out of the box pretty much. On this chart I changed the color and line weight of The PINK ring. Everything else is just the way OPTICALARTdotCOM designed them. You might want to check that website out.
The Gaussian Channel comes so many ways that are not straight out of the box. By using two channels I acquire more data which could help in seeing the direction Bitcoin may be headed. I change the Sampling Period to 84 on one while leaving the second at 144. I also change the True Rang Multiplier to 1.736. Plus I’ve selected Reduced Lag Mode for both channels.
Tomorrow’s waiting to take another rub at the luster. Stay Strong everyone. Ready to sit back and watch this play out for a week or two while I self Quarantine.
Thank you for letting me shares my Bitcoin outlook. I hope it helps you see the path forward in all your trades.
Remember. This is not trading advice. It is for Educational Purposes only. Follow me if you wish but I don’t Twitter and there is no Face in the Book. Please engage the like button and add your comments below.
