Hi -, presenting my weekly spiral chart. as you can see blue and green spirals marked perfectly weekly trend reversal zones. Keep in mind that selected red spiral anchor points are not 100% valid due to structure complexity. Cheers.
-Fib resistance arcs from the high point of $316.04 to $220 show where bitcoin should have and did find support on the way down, especially the arch channel between .382 and .5. According to where I placed my arches, bitcoin should find a some sort of rally near the end of April into early May. -Fibonacci retracement levels from $207.70 to $307.15 show us some...
As you can see the blue spiral is drawn from the beginning and end of Wave A, and on a 1:1 scale, hits the peak of Wave C perfectly. This spiral ended up being a very good resistance level in this position at this scale. So with that knowledge you could expect that it would continue to act as resistance and that Wave E will probably not go past it. Based on...
Expecting to reach 95.72 breaking previous high of 95.48. Right now DXY is oversold and we are seeing higher lows and higher high's. Following the long term trend the pattern is clear.
After finding a bottom on Friday morning around 1.24205 and pumping to 1.24859 shortly after USDCAD dropped to 1.24425 on Fridays 5PM close. This pair specifically has been making higher lows my target for taking profit is 1.25909. Also this pair looks very oversold. I went in with a take profit only and no stop loss on Fridays close.
This chart uses the Fib Spiral. The spiral is anchored at the 1976 pivot low of $101.00 for gold. In actuality, there are multiple Fib Spirals which appear on the chart. For me, the areas of particular interest are where the 5 red arrows are pointing. Four of those arrows point to times beginning in August of 2013 where the price could not break out above the...
I wrote previously about the possibility of WTI Crude Oil being at or near the low. Since writing the original WTI hit $43.58 and has bounced to just shy of $49.00. This chart is a fib spiral anchored to the $10.49 low of late 1998. This chart actually has a series of fib spirals drawn on it and all are anchored to the late 1998 low. As you can see by the black...
3 months ago I posted this chart: This a quick update of my last chart. Let's see if this Fibonacci circle has any meaning (if the price peaks here or makes a pullback before the rally continues).
After a rally to almost $454, which was way too fast, Bitcoin now tries to find a new price the market can agree on. The current outlook is more bearish than bullish with an expected bottom at around $360-$375 or lower. Current price while publishing this chart is $389. And here underneath are some smart comments from TradingView moderator DrewR...
-- UPDATE -- This long-term this risk is still there, but as long as we keep on slowly going up (earlier ) since the massive correction down to $275 then this chart scenario posted here is going to be proven invalid. ----------------- The precise rules of Bitcoin price bubbles vary but it usually involves traders hopping from square to square, missing out the...
As much as I want Bitcoin to succeed we need enough buyers to get out of the overall downtrend. Maybe this pink line from the Fibonacci circle can help us see if we get a stable uptrend. We need a candle above it or the price could sink - again.
Wave 3 is not complete. Target1 is the red 90 deg Gann line followed by W4 of C and W5. Final Target = 93.54
Very accurate support and resistance right at fib. arc intersections. 3 proven S/R, wonder if the 4th and 5th will follow through.
Apple is at the crossroads between reaching a new all time high or facing a larger pullback. I highlighted in blue some interesting correlations with the Fibonacci circle (which connects the all time high of 2012 with the start of the rally in 2014). Some traders want to avoid the double top risk and are starting to sell before $100.00 is reached and then plan to...
I am truly amazed by the precision of this "Fibonacci circle". All I did was that I connected with it two points: a) the end of the downtrend from June 11 (LOW) with b) the high of the uptrend from June 30 (HIGH). And suddenly the last peak of $683 from May 31 and the beginning of the uptrend starting at $441 from May 19, as well as the bounce of the resistance...