BTC(Combination of Fibonacci sequence and DIAGONAL RESISTANCES)
Updated
There is no need to explain that all the percentages that we use as Fibo for chart analysis are derived from the Fibonacci sequence. Diagonal resistances show us whether the market is in the hands of bulls or bears. This is only one of the most important uses of this resistances. Another advantage of these resistances is their intersection point, which shows the time of downward or upward movements.
The combination of the Fibonacci sequence (their percentages and the section in which the price is located) with diagonal resistances provides us with an almost perfect analysis.
by combining both them, shows us well the time and the direction of movement and the target to which the price is supposed to go.
It should be noted that drawing the diagonal lines as well as finding the section of the Fibo sequence and how to use both of them is very complicated. However, we will try to familiarize you with this analytical method by showing examples and price predictions. .
Finally, it should be mentioned that using this method, we can predict between 3-5 future movements of Bitcoin and Altcoins. This method can be used in all time frames. Please pay attention to the above example.
By using this method, the end of the bearish market (in the previous year) was well predicted along with the price targets and the direction of movement (you can refer to the social network link. You can see more examples there)
In the end, it should be noted that no analytical technique is error-free because we are dealing with the world of possibilities. The best analytical method is the one that has the least amount of error.
The combination of the Fibonacci sequence (their percentages and the section in which the price is located) with diagonal resistances provides us with an almost perfect analysis.
by combining both them, shows us well the time and the direction of movement and the target to which the price is supposed to go.
It should be noted that drawing the diagonal lines as well as finding the section of the Fibo sequence and how to use both of them is very complicated. However, we will try to familiarize you with this analytical method by showing examples and price predictions. .
Finally, it should be mentioned that using this method, we can predict between 3-5 future movements of Bitcoin and Altcoins. This method can be used in all time frames. Please pay attention to the above example.
By using this method, the end of the bearish market (in the previous year) was well predicted along with the price targets and the direction of movement (you can refer to the social network link. You can see more examples there)
In the end, it should be noted that no analytical technique is error-free because we are dealing with the world of possibilities. The best analytical method is the one that has the least amount of error.
Note
Note
Note
Note
The failure of this strong diagonal resistance, which rejected the price many times, will cause the price to rise to the final target of section 1-2 (41k-42k) and after that we will enter section 2-3
Trade closed: target reached
target(possibility 2)touched
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