Undo my graph and see all the FIB lines, is not it wonderful? Go and see, enlarge and move, you will be amazed at what you will find! See the waves. I'll leave some plausible ideas below, seeing this incredible chart. And remember, do not take my advice as a sign of investment!
1 - As you can see this chart has lines of support and resistance in addition to Fibonacci and Elliott waves.
2 - An important rule of play is knowing these three indicators; Elliott Wave, Fibonacci and support and resistance. They are best when used together.
3 - Another important rule is to know that waves are composed of waves. So to the total of 5 you must add the Fibonnaci from the first wave to the last one that in the case is the 5.
4 - No matter who or what, everything related to humans are hypotheses. So know that even the best of the best can be mistaken! This holds true for everything built by humans. We are the X of the universe. For the universe human beings are unknown. That is why communism does not work. Communism thinks it can control people. Haha ha. And the same goes for merchants. The only thing we created here in tradingview are hypotheses.
Great, let's get to the points.
1 - I was looking at the fibonacci lines and as a great admirer I noticed that I had not seen the BTC's past. Not with the Fibonacci lines. And what I found out is that in general all falls were 0.6 and 0.7 of Fibonacci. Except for two, one that passed a little bit of 0.7 going to the gray fringe of fib. This was at the beginning of the BTC. And another that stopped at 0.3 if I'm not mistaken, this at the last high of 5 waves! In general at the present time we are exactly at 0.7 of the fibonacci, a standard already recognized by the BTC!
2 - The second point I want you to notice is the blue line of the trend I marked. From the very beginning she's coming up, She never falls. Never! In all those years she never fell, you can check. And that's what caught my eye. I've traced her to the present moment. And if we follow suit and the BTC hits it, then we'll be between 5,000 and 6,000.
3 - Note that I have created Elliott's lines for a possible current reversal. It does not mean it's right, but looking at all those signs is probably as close to plausible. Without that $ 3,000, that's insane. Wake up.
4 - Many people are waiting for a reversal and some still believe in a more pronounced downturn. Some still believe that the market will stay sidelined for a long time. Now here's my advice! Hope it helps you make your best decision.
. Bitcoin is being recognized all over the world. Shops, services, salaries and countries intending to use the BTC. I want you to realize that this is something that can break all expectations. If a mass adoption reaches the market you will not have time for lateralization! Month after month has money coming back into the market! Do you remember when you hear the crisis in Greece? Remember that the BTC jumped? And now we are about to enter a global crisis. Yes one more. Look at the United States. If the central banks decide to stop making money out of nothing what do you think is going to happen? The only thing that keeps the dollar and are not even able to do that are the printers of the central banks. If they stop, BOOM. Crisis. So my friends, remember, there will be no BTC for everyone. Each satoshi will be worth a lot of money!
From an anarcho-capitalist to the world!
Welcome to the anarcho-capitalist world, welcome the decentralization, welcome to BITCOIN! Welcome to one of humanity's greatest inventions, BLOCKCHAIN!
1 - As you can see this chart has lines of support and resistance in addition to Fibonacci and Elliott waves.
2 - An important rule of play is knowing these three indicators; Elliott Wave, Fibonacci and support and resistance. They are best when used together.
3 - Another important rule is to know that waves are composed of waves. So to the total of 5 you must add the Fibonnaci from the first wave to the last one that in the case is the 5.
4 - No matter who or what, everything related to humans are hypotheses. So know that even the best of the best can be mistaken! This holds true for everything built by humans. We are the X of the universe. For the universe human beings are unknown. That is why communism does not work. Communism thinks it can control people. Haha ha. And the same goes for merchants. The only thing we created here in tradingview are hypotheses.
Great, let's get to the points.
1 - I was looking at the fibonacci lines and as a great admirer I noticed that I had not seen the BTC's past. Not with the Fibonacci lines. And what I found out is that in general all falls were 0.6 and 0.7 of Fibonacci. Except for two, one that passed a little bit of 0.7 going to the gray fringe of fib. This was at the beginning of the BTC. And another that stopped at 0.3 if I'm not mistaken, this at the last high of 5 waves! In general at the present time we are exactly at 0.7 of the fibonacci, a standard already recognized by the BTC!
2 - The second point I want you to notice is the blue line of the trend I marked. From the very beginning she's coming up, She never falls. Never! In all those years she never fell, you can check. And that's what caught my eye. I've traced her to the present moment. And if we follow suit and the BTC hits it, then we'll be between 5,000 and 6,000.
3 - Note that I have created Elliott's lines for a possible current reversal. It does not mean it's right, but looking at all those signs is probably as close to plausible. Without that $ 3,000, that's insane. Wake up.
4 - Many people are waiting for a reversal and some still believe in a more pronounced downturn. Some still believe that the market will stay sidelined for a long time. Now here's my advice! Hope it helps you make your best decision.
. Bitcoin is being recognized all over the world. Shops, services, salaries and countries intending to use the BTC. I want you to realize that this is something that can break all expectations. If a mass adoption reaches the market you will not have time for lateralization! Month after month has money coming back into the market! Do you remember when you hear the crisis in Greece? Remember that the BTC jumped? And now we are about to enter a global crisis. Yes one more. Look at the United States. If the central banks decide to stop making money out of nothing what do you think is going to happen? The only thing that keeps the dollar and are not even able to do that are the printers of the central banks. If they stop, BOOM. Crisis. So my friends, remember, there will be no BTC for everyone. Each satoshi will be worth a lot of money!
From an anarcho-capitalist to the world!
Welcome to the anarcho-capitalist world, welcome the decentralization, welcome to BITCOIN! Welcome to one of humanity's greatest inventions, BLOCKCHAIN!
Trade closed manually
Ancient idea used as study!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.