Circles
Further demonstrating the power of the CircleLS = Left shoulder
H = Head
RS = Right shoulder
Just using the Fibonacci circle and establishing support areas, resistance areas, this head and shoulders pattern can be identified
Without the circle, this pattern is very difficult to identify
The main challenge using the circle is identifying the strongest trend. (Green line)
Here is my guide to using the Fib Circle, it truly is a great tool
Also my experimental idea - Fibonacci waves
MATIC/BTC 1D trying to break outSee my graph on the 1D chart. MATIC wants to break above the resistance line, revisiting 120 sats, then moving forward to 150 sats and above.
Of course, it depends on the BTC movement as we all know. Nevertheless, MATIC is a good buy here I think.
No advice from me, i just look at the charts :)
Bitcoin price speculaiton on December 2022 using Fib CirclesWhere Bitcoin could possibly end up using the Fib Circles. This is only speculative but very very real. Let's consider all the infinite QE into the money system that has no end. This is the US Dollar Fiat system that is now on a collision course to a Zimbabwe or Weimar Republic, Germany hyperinflation catastrophe. We may see a $250,000 Bitcoin price tag by the end of 2022 or the 1st/2nd quarter of 2023.
Bitcoin second path to $250,000 by mid 2023This is another possible Bitcoin price projection into 2023 whereas I have also provided one for mid to late 2022. Of course, this is all speculative and you should not base any trade moves based on this theory. I am using the fib circles and pitchfan fib to help me with some kind of direction towards the $250,000 mark.
Bullrun started ??Hi all,
* 2 Tops confirmed, 2 tops projected
* Green cirkels indicative marking points for starting bullrun
Charts created with fib cirkels & fib lines.
Choose ur picks..
Enjoy the ride(s)
Unicorn1
MATIC/BTC 1D Short TermShort term we will drop to 140 sat area, see dark circle that indicates a support/resistance area. After that a rise is possible back to 170 sat area for the first target.
Also see the ultimate oscillator here. The line below the indicator indicates a last drop back to the line, before rising again.
No advice from me, i just look at the charts :)
BTC AnalysisCurrently we are either breaking out downward(weekly) or correcting back up into structure(via daily). The weekly candle close will determine is we have broken out of the current structure downward; however, BTC is currently correcting back into the structure as the weekly close approaches.
Weekly indicators:
IF weekly downward breakout holds until close.
Pink: Most plausible in my opinion.
Burnt Orange: Second most plausible according to indicators.
Daily Indicators:
IF weekly closes inside the structure.
White: Looking at the daily this seems to be a fairly likely outcome.
I apologize that my work is messy! Any feedback is appreciated and I hope this helps someone!!
Note: Arrows are not drawn to scale with respect to time, just a general guess of the path it will take price wise.
TSLA broke its trend EMA possible higher correction
- following my idea that TSLA was under a key Fib circle resistance, with volume and RSI divergence, probably it would pull back on the big picture.
- I was buying tiny PUTS and starting a short position with a small size.
- Now that he broke the impulse key EMA9 in 4h, I expect a bounce, a retracement of .61, to make a bigger short now that we broke the uptrend, to get into full size of my position, with a stop about .886 of retracement, expecting a nice wave 3 to the downside. I try to anticipate wave 3/big impulses with this strategy, getting with size after confirmation of the idea.
- I would like to see if in the bounce it makes some kind of bearish harmonic pattern, to give a more exact short entry point.
AMD key fib circle resistance
The price has stopped on the long term Fibonacci Circle.
Clear 5 internal waves.
Triple divergence on Volume
Triple divergence on RSI
Bearish harmonic Gartley formed in the intraday chart.
Short every bearish intraday harmonic pattern expecting the big downside move with the lowest risk possible.
TSLA finally found he's top?Fibonacci circles are a strong indicator of large timeframes.
Internally, we can clearly see the 5 waves in the last impulse.
triple divergence on RSI
triple divergence on Volume
targets at .38 and .61 retracements of this impulse. about 1500 and 950.
buying some PUTs here and be patient.
SPX Diamond Channel ResistanceThe lower bound of the large Blue Diamond Channel has been serving as resistance. With QQQ outside it's Monthly UBB I am looking for volatility, in the past, a return to the UBB proved likely. If SPX loses the current resistance the next .5 channel down may be in play.
AAPL Working through the DartOften a move will back test the dart, I am on the look out for a 15 wick off any slope of the dart.
Second back test of the SPX June Super DimaondThe channel lines-up with the slope created at the lows of March. To regain bull momentum SPX is looking to gain this line in the sand. A fall and test of the lower bound would be a compelling buy zone.
AAPL - measuring Diamond heights to identify res/supportFib Speed Resistance Arcs include a factor for time into the equation. This time factor is the key ingredient in defining the slope that the equity is entangled with. A quick look at the AAPL earnings result shows price tracked to the top of the diamond channel. Penny wick!
