Bitcoin Fibonacci Movement - The magic triangulation - 28 MAR
Updated
First a small intro:
THIS IS JUST A THEORY FOR NOW.
CONSIDER THIS A TEST OF THE THEORY.
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.
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 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.
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.
Trade active
Am I the only one finding this weirdly accurate?It's kind of weird.
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