this fib circle has caused a big dump each time its broken will this time be different? im cautious as it has to reverse one day, but lows are very possible whilst bearish structure is intact.
Bitcoin Analysis with Gann, Trendlines and Fibonacci circle Support : 23460 Resistance : 24200 25610 26060 29710
As you see this particular fibo circle can forecast bitcoin's reaction aria. So this is a support location (0.618) and I expect to touch next resistance circle which is (0.5).
I will develop this chart and post more of it. This chart is prepared based on a cycle.
An example of Fib circles exhibiting their "stickiness" Price prefers to trend along the circle, rather than break out. Although this breakout will come, it finds it 'easier' I'm not sure of the mathematical relationship that allows this, but it is common and I have seen it among many of charts published and during personal time If anyone has insight please...
Here I have provided a chart which represents the support and resistance levels of Ethereum using the Fibonacci circle, as you can see it does look like we are moving into a trend reversal into an upwards pattern back towards all-time-highs. I believe that this will continue based on the chart above. Please let me know your comments and thoughts. I have also...