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Arcs, Circles And Spirals

Fibonacci Circle on BTC Dominance Update Fibonacci Circle for myself is a prediction tool for an upcoming impulse movement based on how the previous price action's behavior toward each fibonacci line which could represent a probability for futures outcome impulse movement. let see if this thing works as i curious to find out how the percentage following this chart any tips for fibonacci circle is welcomed. - Yellow strip line : one of the highest peak of bitcoin dominance on 2017 peace.
CRYPTOCAP:BTC.D
by MisterCatt
3
BULLS not out of the game yet - Bitcoin! (BTC)Hello friends, traders, everyone! I'm going to try to get a few charts out today.... So to keep it short I have made the graphic portion of this analysis easy to read.... IDEAL long entry as always is 62 - 79% retrace... I was hasty with last retracement...this is always the tricky part of fibs. The Fib Circle resistance rejected BTC at the apex with speedfan resistance (downtrending) and channel resistance (uptrending) Good luck traders!
COINBASE:BTCUSDLong
by vox-populi
2
BTC.D Experiment with Fibonacci Circle- Using Fibonacci circle to see a upcoming pivot point on short term future (Experimental). - Still on bullish movement as it's made a same high as previous peak but it's start to show it's weakness after it's broke the previous uptrend line. if it's somehow could regain above the trend line again and maintain above the trend line is more likely the trend would continue and vice versa if the opposite do happen. - Blue line is a previous higher high during december 2017 level. - Orange line is golden fib ratio (fib sequence x 1.618) which act as an important consolidation area. this is a 2 hour chart somehow cannot display the chart very well so this is for the wholesome chart looks like. peace...
CRYPTOCAP:BTC.D
by MisterCatt
2
Doge/BTC Fibonacci Circle Projection.- Just experimental chart use FIbonacci Circle as i myself want to see how it's projected.. - I believe each circle play a part as a resistance and support. See the yellow circle... just like in december 2015 when price consolidate and hit the yellow circle as it's start a impulse upward. and act as resistance during the top of impulse movement around January 2016. - it's seems DOGE/BTC holding the green trendline so good and act as a support until recent price action. - Orange line is a golden fibonacci ( 1.618 x fib sequence) as a important point for linear support and resistance on wide time frame. - mean while, Doge/btc also maintain it's support around 33 satoshi for now and 27 satoshi as a 2nd support. - Interesting to see how this projection work on 11 august/ around that date when the price did hit the yellow circle. even if there's nothing happen.. there's plenty of circle will be encounter in the future and i always love dogecoin :) peace.
Long
by MisterCatt
2
Bitcoin is BACK, and So Am I - BITCOIN! (BTC)Hello friends, traders, everyone! I apologize for my absence.. it hasn't been the best week. But in the cryptospace, things are great! Before we begin here, I need to say. Bear with me. I understand the chart is convoluted. I must convey, that each and every one of the lines on my chart has a very specific purpose. The chart would not be complete without all of them. I try very hard to mitigate clutter, and as my charting skills progress, hopefully I will be able to find some better solutions for this. Now, let's get to it! I am given to understand that there has been some TOMFOOLERY regarding coinbase and possibly another exchange. I must emphasize that my analysis will ALWAYS focus ONLY on the chart. I promise you traders, this will help you!! Cancel out the noise. We all know manipulation is there. We all know it happens. It is our job to find out edge in the CHART! So, in this analysis I will address three things: What caused today's sudden drop? Where will Bitcoin go from here? Why aren't alts mooning? First, let's have a look at the H4 chart to the right. I know, I know. Sling enough mud on the wall, right? Look, I'm not going to sugarcoat this. It is VERY HARD to say how BTC is going to react to so many fib lines simultaneously. I have put a few likely scenarios there for you to be able to follow what I am seeing. I am not putting these arrows all over in the interest of looking back later and saying "told you so", I am trying to show the different paths price can take through these areas. This is a critical area. We had an impulse wave sparked by the .5 Fib Time Zone that brought us directly to resistance. The next Fib Time Zone coming up is the 0.618 and that is a big deal but we'll deal with that when we get there. So we've got, the .236 Speedfan resistance (red, downtrending) intersecting with the 100% Fib channel (gold, uptrending). If you look to the left, you can see I have put a yellow circle there to show it more clearly. TOUCHING THE INTERSECTION OF THESE TWO LINES CAUSED BTC TO RETRACE HARD AND FAST, NOT MANIPULATION. How do I know this is a legitimate move? Consider the horizontal retracement on the right, we came back down nicely to the 61.8% retrace. Bitcoin has done this before, and recently HERE: This is what we have to deal with in crypto. So, given that we did indeed see a retrace there, I will now target the 127% and 162% extensions, or $14990 , and $15700 , respectively. I will note here, that yes, something about this rally seems strange. I can't quite put my finger on it. So I will continue to follow the charts. Ok, a big problem a lot of people are having, on my channel I get many requests to chart alts, questions about what alts are doing, why they are tanking so horribly. You'll notice that most of my alt charts have big fat red sell boxes on them. I only trade a couple alts, as my broker only offers a few, and they're harder to chart as they're more unpredictable, but here's my take. Most altcoins are scams. Remember, this is a market. The market is deciding to pull value from alts to get back into BITCOIN. This is not my opinion, this is the market's opinion. That's not to say, that alt's won't provide big gains in the future. I'm sure they will. But I am simply advising, be wary of the power bitcoin still very much has over the crypto market. So, to wrap up. I have been long for some time now. Layering buys around $12k is probably fine. There is a LOT going on in this market. There are a LOT of global factors affecting Bitcoin, Gold, Politics, etc. It is very, very hard to isolate the exact most prominent factors in the market right now. For this reason, I try as hard as I can to stick strictly to the technical data. Traders, Good Luck. How Bitcoin reacts to the outer fib circles will give us more clues...
BITSTAMP:BTCUSDLong
by vox-populi
Fractal Fib Fan Full of Fun on Cardano! (ADA)Hello Friends, Traders, everyone, In our last analysis, 1025 was identified as a probably buy zone with a target of 1300 Satoshi. That is still a good trade plan, but as you can see above, I have added some more hopeful targets. I don't have a plan for shorting ADA, simply I will be long or not in a trade at all. There just isn't really anything to give me a solid path for a short. ADA seems to be quite responsive to the Fib Time Zone tool, as you can see above (pink dotted lines) we had a strong reaction to the 0.618 time zone which caused ADA to break out of the Fib channel and up to where we are now, retesting the channel support ~1150 ish area That 0.618 timezone just so happened to coincide with the 50% resistance line, resulting in a nice pop and what is probably a new impulse wave that should carry us easily to Target 1 @ 1300. Hopefully, momentum from this price action combined with healthy fundamentals as I've seen coming out of Cardano's corner will propel this coin to retest old highs.... If you aren't in ADA already, the green buy zone may be a good place to try. Good luck, traders!
Long
by vox-populi
You Don't Have to Love it to Long it - EOS! (EOSBTC)Hello Friends! Our last EOS analysis was just a bit of playing around with Fib Times, and an update on EOS was requested so I figured I would sit down and do a real analysis on it. As you can see, EOS is trying to establish itself with some ascending support, and a strong reaction from there in Nov/Dec 2018 resulted into an uptrend that carried us all the way to April of this year. Since then, EOS has been correcting and having bounced once off the 62% retracement, I think now it is looking to give one more opportunity to buy there, around 7000 - 7500 satoshi, before continuing upwards. The support here is pretty clear, so a stop loss can be easily defined by a break below the fib channel to which I've added the red sell box. If the bullish scenario plays out, hopefully EOS will see a reaction to the .886 or 100% fib time zone, and trend upwards to a breakout of the 50% fib resistance (red line under the buy box) The dotted line/arrow, is what I believe to be the most probably scenario. Either way, a breakout or breakdown is easily and clearly defined on EOS now, all we have to do is wait... So, you can either buy on a retouch of 62%, or on a breakout in the green box. Then, a stop loss can be set most likely a bit under 7,000 satoshi. Good luck traders!
Long
by vox-populi
Polar Equations Applied To Technical Analysis - SpiralsIntroduction A trading chart is a two dimensional coordinate system, therefore it is possible to use different curves/figures in order to provide predictive insights, at the end this is what most technical analyst rely on (support resistances, squares/circles...etc) , so geometry play a key role on technical analysis and the number of methods is only limited by traders imagination. Spirals is one of the tools available to traders and i want to understand them a bit better while also sharing information i gathered. The Polar Coordinates The polar coordinates can specify the position of a point in space by using coordinates r and theta . r is defined as the hypothenuse while theta is the symbol for the angle, it might be useful to get a reminder of coordinates and get a more graphical explanation of what i said. In a cartesian coordinate system we can specify the position of a point in space by its position relative to x and y like shown below, this position is defined by how far away the point is from the origin (x) and how up it is (y) . The polar coordinate system as i mentioned before use other informations to specify the position of a point in space, it use the hypothenuse r and the angle theta . r tell you how far the point is from the origin while theta will tell you about the direction and how far up the point is. While specifying the position of a point in the cartesian coordinate system just involve taking the value of x and y where the point is situated, the polar coordinate system will need a bit more calculus to specify the position of a point, first gather the cartesian coordinates x and y of the point then calculate theta and r : r = sqrt(x*x + y*y) theta = atan(y/x) Converting from polar to cartesian consist into : x = r*cos(theta) y = r*sin(theta) Polar equations enable you to represent circular functions in the polar coordinate, spirals are a case of curves that can be made with polar equations and that are used in technical analysis. Polar Equations And The Golden Spiral Spirals have polar equations in order to be show'n in the polar coordinate, the simplest spirale (Archimedean) have this form : r = a + b*theta The equation look like a first order polynomial while a and b are parameters related to the properties of the spirale. a basically tell you where the spirale will start while b control the position of the roots, roots are simply the point where the function cross the x axis, for example : r = 0 + 1/pi*theta Is a spirale which start at 0 and have roots : 0,-1,2-3,4.... Now lets talk about the golden spirale also called Fibonacci spirale, the logic behind Fibonacci methods are that the Fibonacci numbers are common in human environnements, and because human operations affect the market Fibonacci numbers could highlight humans patterns from price, of course this way of thinking is quite theoretical and since those methods use past data, returns will converge toward losses on an efficient market, however we can still try to look at the golden spirale and draw possible ideas/conclusions. The golden spirale unlike the Archimedean use a growth factor, therefore the roots won't be equally spaced, the polar equation of a counterclockwise golden spirale is : r = a*b^(theta*(pi/2)) a = is the origin of the spiral, if a = 1 then the spiral will start at x = 1 b is the growth factor, higher values will create more spaced roots. Methods And Ideas For The Golden Spiral Before drawing spirals on the chart make sure to lock the scale, in order to do so right click on the scale at the right and click on "Lock Price To Bar Ratio". When using spirals we can be tempted to draw a lot of them, in fact you can see a lot of other analysis with a myriad of spirals on the chart, but try to keep it simple. There are a lot of ways to use spirals, like the majority of fibonacci methods our analysis can start by detecting a local maxima/minima (swing high/low) and its next local minima/maxima (swing low/high) , you can also use the global maxima/minima. A method using this approach by using only local minima's is show'n here : Another way that can actually provide an interesting method to spot on reversals is by using the spiral with two near tops/bottoms, this setup can be found near W or M patterns. Counterclockwise spiral when using tops for the setup, forecast the next support. Clockwise spiral when using bottoms for the setup, forecast the next resistance. You can spot longer terms support resistance if you use a clockwise spiral for forecasting a support and counterclockwise for forecasting a resistance. Conclusions I have show'n what are spirals and how they can be used to predict next local maxima/minima. Now i'am not a fan of figures and geometry applied to technical analysis so i'am not really good in that field but its always fun to try new things. You can see from this article that any figure can be made from an equation and that you can exploit the coordinate space in a lot of different ways. So i hope you liked the article and if i made an error somewhere please let me know. Thanks for reading !
by alexgrover
19
YEEHAW, WE STRUCK... GOLD! (XAU)Hello friends, traders, everyone. In our last analysis we attempted to get a better handle on this, and Fibonacci helped us figure this one out. Fortunately for the bulls, GOLD has apparently been waiting for an opportunity, because that breakout was violent! Overall, I am happy with the way the last trade played out, bulls should take some profits here as we approach resistance above. I'm not sure exactly what is going to happen next, but it would seem that we will go for the 127% extension. Gold seems to be quite reactive to fibonacci, I will keep trying to minimize chart clutter but so often the combination of fib tools provide the most interesting insight. For the first time, I am going to put a target on Gold of $1375. The reason for this is the measurement of the last impulse wave, had a textbook 62% retrace, now probably it will seek the 127%. Probably it can go higher, but I don't want to play with that. I won't text wall you guys, I ran like 9 miles today and I am too sleepy to write an essay.... But as always.... GOOD LUCK TRADERS Previous analysis:
OANDA:XAUUSDLong
by vox-populi
Ready Player TRON! - (TRX)Good morning Friends, Traders, Everyone... I hope everyone has enjoyed the price action as of late! I sure have! Many coins are seeing drastic moves in what many are calling the new bull market?!? I don't know about all that, but let's look at one of the coins everybody knows has been prone to some 'high profile' attention.......TRX! In our last analysis,we observed TRX retracing from it's last impulse wave, finally settling down in this Fib channel where it has began to show signs of bubbling - right on time. What have we got going on here? Well, analyzing the last impulse wave, we see that Tron is attempting to fight its way back into the fib channel above. Now, TODAY, we enter the 200% Fib Time Zone. In the past, this has been cause for significant influence on price. I want to see a strong reaction from this time zone. Also, you see sloping downwards I've got a Fibonacci speed resistance fan indicating also here that this is a crucial moment as Tron begins to grind against the .618 line.... Finally, we have the Fibonacci Circles, which provide exciting insight into the effect of time on the chart! Tron has been forced to move up as it nears ever closer to the Fib Circle's 1.618 Golden Ratio It will continue to squeeze on all timeframes until finally it can't take being pigeonholed into this many Fibs at the same time.... In conclusion, TRX is definitely due for a pop! I would watch this closely. The targets from our last analysis are reasonable, so I will reiterate them now. First take profit is 550 - 575, Target is 777. TRX has the potential to go much higher. (OF COURSE, THIS IS SUPPOSING THAT BIG MONEY DOESN'T COME AND STOMP/DUMP ON BITCOIN...) Good Luck, Traders! Previous Analysis:
Long
by vox-populi
8
A Bright Future Ahead - LITECOIN! (LTC)Hello friends, traders, analysts, everyone! Litecoin has been one of my favorite coins to analyze lately, because of its correlation with Bitcoin. You know what, I've definitely been drinking, but I promise I was 100% sober when I made this chart :D. So, forgive any typos. So, we've got a split chart here on Litecoin. In our last analysis, we were looking for a retracement back to our zone outlined in that fun little box down there...Now we got that, and I want to remain bullish here. There is a point where things could get bad, and we will talk about that. But for now, I see two scenarios here as likely, and I have outlined them on the chart. First, we have the orange dotted line there. That's really what I'm looking for (mostly because I'm tired of playing games) we move down into the 90s and accumulate somewhat before entering the 0.5 Fib Time Zone with a vengeance.. Alternatively, yes it could bounce right here right now or, very soon. I feel this is less probable, but it's crypto, when has probability stopped anyone right? God my buddy makes a mean Moscow Mule and it is crushing me right now. Focus Vox. I hope I don't come off as an idiot right now. Anyways, direct your attention to the chart on the left. What I am trying to do here, is give you context, and insight into what you are looking at. This is especially important, as we have crossed very important Fibonacci levels a few times now. When I look at these charts, I get strongly the sense that I am looking at the tip of a logarithmic iceberg. This is all very fascinating. I think we are on the precipice of something great... To summarize, LITECOIN is at a critical juncture here, needing a strong breakout from the 0.618 Fib Speed Fan Resistance. Hopefully that can be produced by the impulse wave coming off of a bounce off Channel support (See #1 on chart) Falling into the red zone, that's bad. I'm not going to put a short trade there, it's just not good. Friends, Price action is like water. It takes the path of least resistance. We simply have to figure out how to identify that path... Good luck, Traders!
COINBASE:LTCUSDLong
by vox-populi
FUN : Upto 80% Profits in the Mid term.#Accumulation_Recomendation Pair : #FUN / #BTC RSI : 48 Note : Fun is still in a downtrend channel which is formed since April and tried to make a reversal move when most of the alt coins showed a good reversal move in mid May. For now it is still not confirmed to be in a bullish trend but if it can hold that area of the 50% fib level we might see a good pump by the following days. MACD and RSI showing a good bullish indication but volume needs to have a good input to see a strong momentum. Further EMA needs to come below the price but in a good direction towards it though. Accumulation Area : 73 sats - 80 sats Distribution Area Short Term: Target 1 : 83 sats Target 2 : 87 sats Target 3 :92 sats Target 4 : 100 sats Target 5 : 107 sats Target 6 : 117 sats Target 7 : 122 sats Target 8 : 131 sats+ Stop Loss : 65 sats Risk : Medium Capital Accumulation : 4%
FLong
by cryptotalk_et
1
QUICK, EVERYONE PANIC - BITCOIN! (BTC)Hello Friends, Traders, Everyone! For those of you who have taken a peek at my analysis on XAUUSD, you know how fond I am of this new (experimental) method of TA which uses a combination of Fib tools. I thought, that this action on bitcoin would be a perfect place to see what kind of insight it can give us into crypto. I was shocked at what I discovered As you can see on the Weekly chart, Bitcoin has been on a parabolic run up until this week. From my last analysis - we hit our first target 127% / $9100 where we had a clear double top caused by the 50% speed fan resistance. This caused traders to lose faith in the rally, which weakened Bitcoin right before an encounter with the first Fib Arc we have touched since 19 NOV 2018. This Arc just so happens to be the 1.618, the strongest of ALL the coefficients found in the Fibonacci equation. All of this while BTC also encountered the .5 time zone. That, is a lot going on. Now, moving on to my favorite time frame, the H12. I have outlined the long trade that I will be taking. I can't stress how important a stop loss is here. I am tempted to short because we broke critical fib channel support , but there are also things telling me to go long. I will take this long with a small percentage of profits made from closing my $5150 long. As always with my strategy, stop loss will be the 100% retracement, as a break of that causes the retracement analysis to become invalid and we will have to look at a larger, more senior impulse wave, to find out who's in charge. I won't drag the text portion of this analysis out too long. I don't have too much time today, busy busy traders :) Previous Analysis:
BITSTAMP:BTCUSDLong
by vox-populi
3
Bitcoin - THE BOTTOM IS NOT IN! BTC Will Be <$3kThe bottom is not in for Bitcoin. And therefore, most altcoins as well. I believe the bottom for Bitcoin will be around $2,979.52. I should add that this was not my 1st choice. The first price I came up with was $1,831.99 . But Bitcoin going below $2,000.00 again seemed highly unlikely. Which is why I settled on my 2nd choice. This is still a HUGE drop from the current price. Especially since I believe the price will go up a little bit more (possibly $9,400-ish) before the impending Correction Of Doom! This is actually an updated chart. While working with the chart a little this morning, I noticed that by drawing a diagonal line (bright green) from the peak to the low (vertically) and the date of the peak to the bull run start date (horizontally), it formed a near perfect overall bear-market trend line. Since I don't believe the bottom is in, I had to figure out where the bottom will be. I used the fib circles, and previous price action to help determine the bottom in the current cycle. I already had the approximate bull run start date figured out from the previous chart (see linked idea). Like I said before, this was not my first choice. The fib circle, price action and even the trend line worked out better with the bottom at $1,831.99. I just found that extremely hard to believe. Side note: I redrew the blue arc trend line a few times while creating this chart. This is not an easy task. If anyone knows of an easy way to do this, I would love for you to share. Maybe there is a mathematical equation for this??? Thanks in advance.
BNC:BLXShort
by Cryptical_Thinker
Those Dang Kids & Their Electric Money... - GOLD! (XAU)Hello friends! Ok, so, Gold has been really, really frustrating the past week or two. It seems content to spiral around this area for a bit. I developed a personal vendetta against XAU over past days and decided it was time to crack the code on this guy. So, what we've got here is essentially a nice mix of fib tools I've put together to give us an idea of just what the heck is going on. Gold had a pretty decent wave up from last fall to March of 2019, now seems to be looking quite bearish or weak at least. I'm not going to pretend to know the first thing about the Gold industry because, I really don't. I trade only the charts. The charts have always been good to me, which is part of the reason Gold has frustrated me so much as of late. Finally though, I think we have things under control here. Gold is still technically trading in an uptrend from a Fib channel perspective. Now, I wanted to account for the zig zag pattern gold has been printing on it's way down from the high near $1340. You can see, that it has been identified here that we have a Fib speed fan causing this strange price action. Then, we've got the Fib circles. These really came in handy here, because this nice dynamic tool allowed me to really get some insight into this price action. You can see, that we are trading downwards in the channel highlighted green. Looking at previous Fib circles, it's obvious a breakout from that would be a great long opportunity. Overall, this chart speaks well for itself. The trade plan is all there, and I think we've got some good insight now into why Gold has been behaving this way. I won't drag the text portion of this analysis out, because I don't want to make things confusing. if you want to see the trends I used for my drawing tools you can just zoom out. Look for a break of the red 0.382 Fan line to go short. Look for a break out of the green 100% Fib circle to go long.
OANDA:XAUUSD
by vox-populi
1