Bitcoin - Sacred Geometry
Updated
Made for observation and study purposes.
This is one of the most fascinating charts I have ever created. Markets are geometric in design and function, therefore, I always tend to stick with geometric principles and not limit myself to using straight lines only.
The following chart - is concentrated on time study. You will be astonished to see it in action. I made it 4 months ago and been closely observing it throughout this period.
The law of cause and effect states that every cause has an effect and every effect becomes the cause of something else. Every action has a reaction or consequence - as I am sure you will agree. It is one of the universal laws and can be applied anywhere.
Fibonacci spirals can be used in a wide range of different ways. It is a ratio coded by the same formulas that code anything from the atom, to the biggest cluster of galaxies and anything in between. I have seen many traders in the past who applied Fib spirals in order to identify potential supports / resistances / trends etc by choosing specific extreme data points on the trend. However, there is no concrete theory behind applying Fibonacci spirals , but generally speaking - past “extreme” or important market events is something you gotta look for when applying these.
This chart is based on past “extreme” market events which provide us with new data, most importantly where and when the future turning points can be expected.
In order to construct this chart, I chose ATH as the point A - (where the golden ratio is emanating out of the center) to be connected with other major events from the past. As the two points are generated - the golden ratio is being increased in width of points along the spiral from the center by multiplying the width by a Fib ratio for every quarter turn. The extent of the spiral then gives us a time frame where the future effect from previous cause can happen (this has been back-tested and the accuracy is impressive).
Here are some of the approximate key dates for Bitcoin:
17/11/2018
12/12/2018
20/01/2018
This is one of the most fascinating charts I have ever created. Markets are geometric in design and function, therefore, I always tend to stick with geometric principles and not limit myself to using straight lines only.
The following chart - is concentrated on time study. You will be astonished to see it in action. I made it 4 months ago and been closely observing it throughout this period.
The law of cause and effect states that every cause has an effect and every effect becomes the cause of something else. Every action has a reaction or consequence - as I am sure you will agree. It is one of the universal laws and can be applied anywhere.
Fibonacci spirals can be used in a wide range of different ways. It is a ratio coded by the same formulas that code anything from the atom, to the biggest cluster of galaxies and anything in between. I have seen many traders in the past who applied Fib spirals in order to identify potential supports / resistances / trends etc by choosing specific extreme data points on the trend. However, there is no concrete theory behind applying Fibonacci spirals , but generally speaking - past “extreme” or important market events is something you gotta look for when applying these.
This chart is based on past “extreme” market events which provide us with new data, most importantly where and when the future turning points can be expected.
In order to construct this chart, I chose ATH as the point A - (where the golden ratio is emanating out of the center) to be connected with other major events from the past. As the two points are generated - the golden ratio is being increased in width of points along the spiral from the center by multiplying the width by a Fib ratio for every quarter turn. The extent of the spiral then gives us a time frame where the future effect from previous cause can happen (this has been back-tested and the accuracy is impressive).
Here are some of the approximate key dates for Bitcoin:
17/11/2018
12/12/2018
20/01/2018
Note
Related publications
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.