Just taking note for myselfone of my experimental graph/movements.
p.s. it's not an investment advice.
Fibtimezone
BTCUSD- The Timeline you HAVE to see!Preface: I've never asked this before, but I feel very strongly about people seeing this chart, so I will ask this one time- please be sure to like and share this chart if it is helpful to you. I really think this will help people gain a perspective of the market, so that they can be better prepared for anything that comes their way. I would really like for this chart to get air time, so to speak.
Hi all, I've decided to take a look at BTC in a way that it seems few want to do- from a lifetime perspective. So many people let their emotions catch up to them, and they end up losing sight of the bigger picture. It's disheartening to see that with every couple hundred dollar drop we see, the cryptosphere goes into a state of panic. Conversely, it's disheartening to see everyone going all in when we see a small rally.
Despite what many think, BTC isn't as random as generally perceived. I've took it upon myself to chart out a detailed synopsis of the general timeline of BTC here. I am personally not interested in observing any fundamentals that may have caused the prices to move as they have, I'm merely looking to let the charts tell the story.
It is common knowledge that a proper retrace will sit somewhere around the .618-.786 region. I've charted points of interest over the life of BTC, denoting in red where an observed downtrend is, and in green, an uptrend. You might notice that FOUR of the five downtrends noted here are in the 70%-80% range. Did you know that in this current bear cycle, we've only retraced around 70%?
Yes, we are currently observing a seemingly longer bear trend than usual, but the fact is that this is perfectly normal, and we have further downside yet. How you want to play this out is entirely up to you, truthfully. We COULD very well see a bottom around 5600, or we could go as low as 3800, which is what my money is on, personally. No, I am not giving you all a definitive bottom, because I don't know what it is. I'm merely using historical analysis to prepare for this scenario. It's up to you to decide your risk management strategies, because everything works differently for people. If you do want help with that, however, please PM me, and I'd be happy to try and help.
Anyhow, using a fib time zone, I estimate our reversal up will be somewhere roughly in August, give or take a couple months. That would give the market time to bounce up over the next few weeks, then observe its final leg down. This could of course go in an entirely different direction, but we shall ultimately see. Let's take it one step at a time and see what happens these coming months.
If this gets enough love, I'll happily continue to work on this and update it.
Please trade smartly, trade safely, and remember to relax.
If you have any questions or need any help with anything, do not hesitate to PM me, I would love to help.
-Nick
BTC pullpack to 6000 levels in weeks to comeLooking at the Fib overlays, BTC is moving around the .5 and finding resistance at the .618 range in the more immediate trend and in the longer range fib.
Applying the Fib time zone we can see that from the formation of the high at Mar 5, the next two segments of the fib trends are a repeat of itself, there are double bottom adams that repeat in zones 1 and 2, I've indicated them with the letter 'A.'
In the 2nd segment, there are two double top eves. Although the zones do not fit the exact trend, there can be a case made for a repeat of this pattern as a continuation of trends in the current trend segment. I am still bearish on BTC, moving to test levels at 6000.
LTCUSD We wait for consolidation to end. Up or Down??Every time this thing looks like its about to move it turns into a narrower and narrower consolidation range. The unknowns of upside downside are enough to make me sit on the sidelines until a break above 217 or below 203. A bull pendant waves with little confidence. I think the move we see will be totally dependent on the other ALTs. BTC goes up I think LTC will join. We also need some volume. We are at an all time low for daily trading volume in the last 6 months. Maybe the street can help push it in one direction or another... until then we wait.
ETH Coming Resistance and New highsETHEUR with current momentum is going to reach the next resistance soon. RSI at 1D chart is at 50.87 which is a sign of uptrend. Bears are trying to push the market down but the bulls are more active this weekend keeping the positive trend up. Most probably, within next week, ETH is going to touch the next resistance at 38.2% Fib which is arround 845ish Euro area and with this velocity we could have next high peak in 1D chart within a month time frame.
Your comments are highly appreciated.
HOLY FIBONACCI BTC fib time line, poss correction and next highALRIGHT, I got so excited when I saw this but who knows how it will play out.
If you zoom into where we're presently at, you'll see a fractal continuation of bull penants and ascending wedges that are sequentially getting smaller. It looks like we are approaching a big, deciding moment now. PIVOTAL, if you will, lol. This might actually be where the correction occurs. (or some whales pump it beyond reason) And it comes at a reasonable time, too. It's Saturday night in the States, Sunday evening in Asia. People are going to take their profits and sit tight for everything to equilibrate .
This chart started yesterday with me observing a cup n' handle and wondering where BTC will correct. I decided to try the Fib Time line tool to see if the peaks that reach outside the channel meant anything. I had a professor back in the lab I worked in and, since we studied wildlife, we had small sample sizes. I remember him saying, "look, a sample size of 3 or more can be statistically significant." Rest his soul, I love him so much, guru all-star mentor/master. Anyhow, I lined up the ATH with the 2nd high (bull trap) and, Holy Mother of Moses, I am blown away that it lines up with where we are at.
So IF this fib time line holds true then we should see the next high towards the end of March, which I think why not? Spring will be in full swing for BTC to bloom.
What do you think?
instead of abc correction, 1-5 wave count bearish to 7k?instead of an abc correction this could be a 1-5 bearish wave count trend reversal. I say this because the market is way past abc timing. if this is the case market could dip to 7k (and below) as wave 1-5 timing goes on until feb 8th/9th. however it is currently testing a major line of support and I'm not crazy about the current wave counting but trend based fibonnaci time zones has me thinking the former...let's see.
BTC Major time zone"It means buckle your seatbelt, Dorothy, 'cause Kansas is going bye-bye."
Obviously this isn't your classic TA stuff. The patterns are there.
If ARK continues in its present channel...Strong channel and fib timezone support, indicating we're presently in a trough, and that there'll be a 600% higher peak in early February 2018.
Red GoldGold has once again achieved its high and will now retrace again..
1st target 1245
2nd target 1232 (if lucky)
Long Gold for 10 Days..Buy gold on dips.. for target of 1275-1280. Small Motive wave coming. Target till 13th March.
Reurn to bull.. Long NGLong Natural Gas, most likely a start of motive wave. Target 4.410, CMP 2.939
Potential price targets?Some ideas with magical fibs and harmonic patterns for personal log journal.
Comments appreciated, I am learning.
S&P 500 now to Feb 29Above is a daily chart of the S&P since the beginning of its apogee phase.
Still short the S&P for next few days. Based on Fib time zones analysis and the current trend pattern we may hit 1863 on Monday then rebound or a more violent move down to 1803 on Monday (Feb 29) then a rebound.
Two Fib time zone patterns starting from the same low date of Oct 15 2014 (@1821.61) converge to the same pivot point next Monday Feb 29.
