BTC : Fibonacci Grid
Time and Space only exist between two points.
You can build an entire grid system using only two points, and multiples of the distances between those two points.
On a price and time scale, this can be useful in establishing critical levels used to assist us with trading.
Which two points you choose can unfold entirely different results.
In this example,
two relatively recent points were chosen to maximize accuracy and effectiveness of the grid in relation to the most current candles.
This idea is presented using the 2Day timeframe to allow the display of the entire history of Bitcoin.
Finding the two points used to build this particular grid structure
is as simple as locating the intersection of price level 0 and time level 0 (0,0),
and the intersection of price level 1 and time level 1 (1,1).
Multiples of the vertical distance between the two points are extended vertically on the price scale,
and multiples of the horizontal distance between the two points are extended horizontally on the time scale.
Within these unitary extensions, Fibonacci-numbered levels are specifically highlighted as vital extension levels based on the two chosen points.
Don't forget to also view the chart using the linear price scale for an alternate perspective.
Any two levels on the same scale can be further divided if needed to assist with action on smaller scale frames :
For more information on how Fibonacci levels can interconnect and overlap,
see this shadow-banned educational idea :
Finally, thank you to my followers and to those who enjoyed viewing these ideas.
Please feel free to give them a boost if you like them.
// Durbtrade
