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Arcs, Circles And Spirals

Crude Oil - At Major ResistanceAccording to Fibonacci spirals, oil have reached 73.52 in recent rally. This remind us in the previous fibonacci projection, at 70.05, oil price fall into correction for one month or more then continue the rally. Should oil retraced from here still uncertain given oil price trend remain strong and moving in higher high higher low structure. But, if you agree price structure in natural phenomena manner (wave manner), a pullback after strong rally will not be strange. This post could be premature, so it will serve as an education type and waiting price for confirmation.
NYMEX:CL1!
by Johnkiew
Crude Oil - Rallies as Hurricane Threatens, target at 70.52in 5 Sep, the price projection have achieved and oil rallies to 70 with concern on hurricane Florence approaching US East Coast. (Read below article for further details.) On the daily chart, price reached low at 61.8%, which suggesting the oil primary up trend remain intact. The current up swing projection at 70.52 & 72.78. Trader please aware tonight EIA oil inventory data to release at 10:30 pm. Development of hurricane could cause chaos to oil price as well. www.marketwatch.com
NYMEX:CL1!Long
by Johnkiew
Crude Oil in Selling ModeHere is the selling projection using fibonacci spiral, the recent low 69.08 reach 6 multiples of 1.618, which seen a slight rebound. You may see the same alignment at 4.236 and 17.942. For sure these ratio are not the usual fibonacci extension that people are using. The underlying power of Fibonacci spiral can only be utilize when 1.618 is use in an expansion way. Wish we will talk this more in dept in the future. As long as price stay below 69.79, and break lower low 69.08, price is heading 67.64.
NYMEX:CL1!Short
by Johnkiew
GOLD | D | VORTEX /\ SETUPNew fib vortex triangle setup being tested on the daily chart. Please note that this is a slightly different version as published before. Some fib spirals are missing.. |Gold| had initiated a bounce off the mega channel, turquoise fib spiral was hit and acted as bounce resistance. |Gold| did a 50% bounce retracement intraday move today and tested support on the white spiral. I think |gold| will bounce off the white spiral and retest resistance (turquoise spiral) in the coming days. enjoy! I generated this setup yesterday evening, even at that time my setup already signaled that resistance was hit and retracement was coming: zoom out view: Cheers, Keops
FX:XAUUSDLong
by Keops
4
BTC – Fibonacci – Divine Ratio - $20K soon ?Hello Guys! Let’s take a look at BTC but this time using large time frame. We love big pictures. With them many things make deeper sense, doesn’t it? Today we want to describe you what Fibonacci ratio is. This is a special ratio that rules the proportions of the world starting from such a small things like atoms, flowers, trees and finishing with unimaginably large celestial bodies. Simply nature relies on this golden ratio. People who stand behind financial markets are the part of the nature, too. Such rules can be applied to their behaviour. Mathematicians, scientists and naturalists have known this ratio for centuries. It's derived from something known as the Fibonacci sequence, named after its Italian founder, Leonardo Fibonacci (whose birth is assumed to be around 1175 A.D. and death around 1250 A.D.). Each term in this sequence is simply the sum of the two preceding numbers (1, 1, 2, 3, 5, 8, 13, etc.). Sequence is not that important. More important are ratios. Here are couple of examples: 1,618 (golden ratio) ~ 5/3 ~ 8/5 ~ 13/8 ~ 21/13 0,618 ~ 3/5 ~ 5/8 ~ 8/13 ~ 13/21 0,382 ~ 3/8 ~ 5/13 ~ 8/21 (by the way 1 – 0,618 = 0,382) 0,236 ~ 3/13 ~ 5/21 Ok you think this is cool but it doesn’t prove anything. Does it? Take honeybees, for example. If you divide the female bees by the male bees in any given hive, you will get 1.618. Sunflowers, which have opposing spirals of seeds, have a 1.618 ratio between the diameters of each rotation. This same ratio can be seen in relationships between different components throughout nature. Still don't believe it? Need something that's easily measured? Try measuring from your shoulder to your fingertips, and then divide this number by the length from your elbow to your fingertips. Or try measuring from your head to your feet, and divide that by the length from your belly button to your feet. Are the results the same? Somewhere in the area of 1.618? The golden ratio is seemingly unavoidable. So guys getting back to the chart. We marked Fibonacci Spiral marking minimums and maximum from last 7 months. What does it say? We are really low and there is no much room to go any lower. We have a plenty room to go up. First till $12000 - $12600. Of course it takes time and won’t happen linear. Once we brake it and be in the uptrend we can expect such levels as $20000 - $23000. When? That is good question? We also marked time frames based on Fibonacci scale. We marked them first backing to 2014 when BTC was first time listed on Bitfinex. Each vertical blue line represent something interesting on the chart. Saying that we mean price turns. Look how perfect it matches the peak from turn of 2017/2018. We also marked mid-term Fibonacci scale with red lines using the same strategy (turning points). Funny thing happened. There are only 2 lines aligned with each other. They occurred JUST NOW. Is something big to happen very soon? What do you think guys? Would you apply this technique to your charts? Do you trade with it? Please do share with us your opinion. We are co curious… HUGE Hugs! WBM Team
BITFINEX:BTCUSDLong
by WBM_Team
9
Bearish BTC - Confluence of Methods (Update)Fib spirals, Fib extensions, HVF all target the long-term support line. Projected target is about $2600 - $2800 late May/early June. Also: Forcing Fib spiral through that zone of confluence results in several possibilities for the next high. 1. Pink: Lower high within the down trendlines 2. Orange: BO from the down trend and lower high beneath the all-time high log trendline 3. Purple: Breakout from the all-time high log trendline (exit the bear market) At this point I favour bearish continuation with a lower high in the pink zone. nb this is the updated version with correct placement of the next high for spiral 5
BITFINEX:BTCUSDShort
by SKG79
4
Fibonacci Spirals Magic Triangulation on Bitcoin with details.First a small intro: THIS IS JUST A THEORY FOR NOW. CONSIDER THIS A TEST OF THE THEORY. I'm letting the chart on a larger scale, to expose the rather unsettling movement in the left corner. Notice how the price moved PERFECTLY between the intersection of 3 circles. It is.... scary, a bit. 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 OR a hard resistance/support is being stressed. 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.
COINBASE:BTCUSD
by reynar
10