Apple Spiral-O-ThonExperimenting with Fib Spiral Channels on APPL.
I'm curious to see how it will played out in a couple of days.
Hope you like the idea..
Cheers,
Keops
Arcs, Circles And Spirals
Fib Spiral timing indicator for BTC bull run (alien 3 indicator)Applying the fib spiral we are able to see that once a bottom is in for BTC the widest points of a fib spiral can help us time our trades during a bubble. Its helpfulness is somewhat limited by not knowing for sure that a bottom (point 1) and break out has occurred (point 2). However if a new all time high is achieved then setting a line (point 3) at the outside edge of the spiral may provide you a optimal exit time.
on a side note, if my timing is correct the peak of the run would occur at or right before halving, depending on when that date actually occurs. At the time of publish 7/16 is the estimated halving and I'm projecting a peak late June **if** we see a btc bubble.
Outlook for next months--- Please readjust the scaling so that the spiral sits just above recent price action ---
We are still in the process of consolidation.
In my opinion, the recent drop should not be interpreted as a meaningfull breakdown.
It's still within the acceptable range.
Price bounced of the longest possible MA at 222 (using Bitstamp due to good historic data).
A break (not pierce!) of the red upsloping line would give a clear sell signal with targets in the OTE buy zone 186-200.
Also consider the yellow trendline crossing the OTE zone.
A buying signal is a bit more complex so I subdivided it into 3 signals:
1. Buy : cross of red spiral and no new lows after that.
2. Buy : break of green trend line and holding the 231 level.
3. Buy : break of red log dowtrend line + breaking & holding of strong resistance at 260 for more confirmation
The target depends on how long you would you like to stick to your longs.
I would close all longs at 340 - 375 levels max.
Good luck ! : ]
Weekly fib spiral outlook EURUSDHi -,
presenting my weekly spiral chart.
as you can see blue and green spirals marked perfectly weekly trend reversal zones.
Keep in mind that selected red spiral anchor points are not 100% valid due to structure complexity.
Cheers.
Back to square one in a few weeks-- UPDATE --
This long-term this risk is still there, but as long as we keep on slowly going up (earlier ) since the massive correction down to $275 then this chart scenario posted here is going to be proven invalid.
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The precise rules of Bitcoin price bubbles vary but it usually involves traders hopping from square to square, missing out the square containing their thrown targets. They go from one to (usually) eight or ten and then back to square one.
Bullish Bitcoin Bottom or Bearish Bull Trap? Watch The Pink LineAs much as I want Bitcoin to succeed we need enough buyers to get out of the overall downtrend. Maybe this pink line from the Fibonacci circle can help us see if we get a stable uptrend. We need a candle above it or the price could sink - again.
Gobsmacked By Fibonacci CircleI am truly amazed by the precision of this "Fibonacci circle". All I did was that I connected with it two points:
a) the end of the downtrend from June 11 (LOW)
with
b) the high of the uptrend from June 30 (HIGH).
And suddenly the last peak of $683 from May 31 and the beginning of the uptrend starting at $441 from May 19, as well as the bounce of the resistance on June 24 (and June 25) at $554 (and $557) are all connected with each other. Even on July 6 there seems to be some correlation with the price movement when it leaves the blue area of the Fibonacci circle.
