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Goldenratio

Bitcoin Pullback MetricsThis is a comparison of historic fractal of pullback to current circumstance. This particular system of patterns were crystalized after a annual fall, just like what we're at. During whole year of decline there were no notable bullish waves collective minds are used to. Then we saw: We simply observed that assets like bitcoin fall in particular way unlike any assets I've encountered. Bitcoin sure showed outstanding overall growth, however we have to note that it when economy was NOT under recession. The captured cycles and their "frequency" are also relevant. Reasons why I didn't use lowest point. Chances of Repeating that shape fit in all proportions are just comedic. However I made this for practicing my favorite approach when it comes to determining maximum price based on fibonacci core wave measurements. This is clearly a pullback and not yet to be qualified as bullrun, knowing about a year gap of flat or decline before 2024 real common fueled reason for collective minds to risk capital. We can't see parabolic shapes without common info-fuel that would stay in the narrative long enough to make it happen. Right now we're just looking at pullback where we might see bullrun-like shapes if it grows any further. There is no predestined path, because the scenario unfolds by ongoing continuous market correcting itself to "equilibrium". However, we might get a glimpse because the metrics of candles already carry information on how exactly people were selling or buying (reacting) to flow of info. According to configuration of historic TimeFibs wired to current wave, by March 11 it should have established its potential highest point consisting of fib sequence that are in quantum state acting as support and resistance levels unless broken with confident candles. Passing above red means that market is changed to react to external factors such as, Russia buying bitcoin in big quantities to avoid sanctions or leaving records of restricted weapon sale or whatever. When global rules, agreements and regulations are being violated and we see as the world becomes a dangerous place, people might find bitcoin's features more solid and safe for storing or transforming the wealth due to its decentralized system. Everybody now knows about bitcoin so hype is saturated. Especially when more advanced crypto with better system performance will outcompete old tech in the long run.
BITSTAMP:BTCUSD
by fract
8
ALGO - Fib Time & Space Predictions using the Power of PyramidsALGO - Fib Time & Space Predictions using the Power of Pyramids the length of each segment of the blue rektangles is equal to the time price spent inside of the price range of the pyramid (diamond) so using pyramids give us knowledge about time AND space that lower triangle caught my eye a while back and i had to leave it on there interestingly it lines up well with the fib spiral the angle of the center line of the pyramid tells us about the ratio of the blue rektangles the golden ratio and eureka! the yellow lines are the fib time tool the coordinates being the time price spent in the range of the pyramid exactly matching my blue rektangles Let's watch how this goes
COINBASE:ALGOUSD
by antempire4
2
$XRP - Hedging Bullish Against Pevious Call? *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Tasla or Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will do 2 things 1) move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and 2) Move toward Imbalance (Fair Value Gaps, Liquidity Voids. Open Gaps) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.* I batttled withthis and had two ideas and I've narrowed it down to one. It should fill the 4 hour fair value gap bellow before shooting up and filling the Weekly fair value gaps created back in May/April So Currently the price dropped today in the new day and month but has not finished out the week. And I don't think that my original idea will be finished out this week. I do believe that the price will Move up. because if you look at the current Wave, the 162% is the current high within the last few days . Additionally it is within the weekly Faif value gap that it entered and droped created an Instititional Order Entry Drill (WHICH IS THE CURRENT HIGH) Now you can enter now with little leverage and leave a atop loss of about $0.42000 as well as a second entry of $0.4400 with the same stop loss. also with very low leverage. The reasoon I have it bullish above these prices are because the last quartly highs haven't been above $0.4100 and I would expect them to stay above that considering the weekly fair value gap prices. However, I do take a step back and think that it could fulfill the current 4 hour fair value gap before moving updward and then fulfilling the weekly fair value gap before getting to the current high. So that's why I have a thir entry, this would be high leveraged and the current 4 hour fair value gap price jumps from .4050 to .4230 Lastly I have an entry of $.42500 with a stop loss that would cover the 4 hour fair value gap and that entry would be the last bullish order block of $0.42545 covering to the previou areas consolidation low of $0.3760 ( 9however, if this is what you think you might as well add more leverage to your short and us these numbers as take profit) although, it' really the 4 hour FVG Low of 0.40550 that O dpn't think it will get lower than before I put on a high leverage long through the current Weekly Fair Value Gap and Hoping It gets to the other weekly Fair value Gap just above it. as you can see the weekly lows of the current chart are balanced vut where there is a weekly fair value gap above that price usually wants to fill, this is where the unbalanced act is that needs to be balanced. If it does fill the below 4 hour fair vlaue gap, my previous idea's take profit is complete and then it should move up to complete the banlancing of the weekly now that the daily's have been balanced. But if it goes up first and completes the balancing of the weekly, I wouldn't be surprised to see price not hi my original stop loss and turn around and filll the 4 hour gap. So just to be clear here is what I think the scaenarios are on chart 1. Now until $.4400 is an entry with a S/L of $0.42 Staying above highs. but falling again once it covers the weekly FVG near 5585 or 2. Entry at or below $0.4250 to $0.40550 To up above 0.5585 In which case the original idea has hit it's Take profit and now we're just going the opposite way So while I believe it is going to long, right now, it's whether it's going to go long short term and fall back to cover the 4 hour? Or cover the 4 hour FVG first and then go long? Considering most prices still follow bitcoin and I think Bitcoin still has time to get to it's ultimate low of $15,6 I think it's going to cover the second option first, clear out my first take profit and then head to my second. Giving it a 3.25 R:R. However, if you think right now is the time to go long, then you have a 2.75 R:R ... This is why I currently have a small amount in low 3x leverage going long, because if the second comes true, I can get 4 times the amount if I enter correctlty with 12 x leverage. Because I believe either are going to win. And I might Just not enter a second time until .41 and just ad double my current entry and have 15x leverage rather than losing any at all. Quite a bit to think about but any of these scenarios I believe are winners, It's just paying attention to Bitcoin now.
Long
by BodiesXWix
FibonacciHello, Let us talk about 'Fibonacci.' On this chart: You will read about where it came from? Why do we use it, and where does it help us. Before we dive in to talk about Fibonacci Retracement levels and their use in trading, Let us talk about the origin of Fibonacci : It all started with rabbits. Yes, Rabbits! Fibonacci became interested in a strange issue in 1202. He wanted to know the outcome if he had a pair of male and female rabbits and defined behavior for their offspring. The assumptions were as follows: We have a pair of male and female rabbits that have just been born. Rabbits mature after one month. The gestation period of rabbits is one month. When a female rabbit reaches puberty, she must become pregnant. At each pregnancy, the female rabbit gives birth to one male rabbit and one female rabbit. Rabbits never die. Calculate how many pairs of this type of rabbit we will have after n months? In mathematics, the Fibonacci sequence or series is the following infinite sequence of natural numbers: 0,1,1,2,3,5,8,13,21,34,55,89,144,233,377,610,987,1597,... Take a look at this GIF, to get an idea of this infinite sequence: drive.google.com The Fibonacci spiral: an estimate of the golden spiral generated by drawing circular arcs attaching the facing corners of the squares adjusted to the values ​​of the sequence; by successively attaching squares of side 0, 1, 1, 2, 3, 5, 8, 13, 21 and 34. The sequence begins with the numbers 0 and 1; "each term is the total of the past two" is the recurrence relation that defines it. The elements of this sequence are called Fibonacci children. Leonardo de Pisa described this sequence in Europe, a 13th-century Italian mathematician also known as Fibonacci. It has numerous applications in computer science, mathematics, and game theory. It also appears in biological configurations, such as in the branches of trees, in the arrangement of leaves on the stem, in the flowers of artichokes and sunflowers, in the inflorescences of Romanesco broccoli, in the configuration of coniferous conifers. In the reproduction of rabbits and in how DNA encodes the growth of complex organic forms. Similarly, it is found in the spiral structure of the shell of some mollusks, such as the nautilus. Leonardo Pisano, Leonardo de Pisa, or Leonardo Bigollo, also known as Fibonacci, was born in 1170 and died in 1240. Long before being known in the West, the Fibonacci sequence was already described in mathematics in India in connection with the Sanskrit prosody. Susantha Goonatilake notes that the development of the Fibonacci sequence "is attributed in part to Pingala (year 200), later associated with Virahanka (about 700), Gopāla (about 1135) and Hemachandra (about 1150)". Parmanand Singh cites Pingala (around 450) as a forerunner in the discovery of the sequence. Now let us talk about Fibonacci in the finance world. You might use it too, as Fibonacci Retracement Levels. (As you see on the chart) The second law of technical analysis indicates that values move in trends, bullish or bearish. Once a trend has given sufficient signs of termination, either by breaking its trend line, confirmation of a trend reversal figure or any other valid factor according to technical analysis theory, the analyst contemplates the possibility of a setback. A pullback represents, in simple terms, a move in the opposite direction to the past trend. It can take the form of a crash in price after a bullish move or a rebound in price after a downtrend. Although the first could properly be called a retracement and the second rebound or rally, technically, the term retracement includes both. Within technical analysis, Fibonacci retracements refer to the possibility that the price of a financial asset will retrace a considerable portion of the original movement and find support or resistance levels at the levels set by the Fibonacci numbers before continuing. The above address. These levels are constructed by drawing a trend line between the extreme points of the movement in question and applying the critical percentages of 23%, 38.2%, 61.8%, 76.8%, and 100% to the vertical distance. Fibonacci retracements are used to confirm suspicions of a market movement. Levels of support and resistance can indicate possible bullish or bearish market trends and indicate to people when is the best time to open long or short positions. This means that Fibonacci retracements can be highly fulfilling for people who know when to use them correctly. Upon confirmation of rejection in the price, we will try to calculate the probable magnitude of the movement. In order to achieve this, specific percentages collected from the Fibonacci series are applied to the total magnitude of the previous trend. The percentages used are as follows: 61.8%: Also recognized as the Golden Ratio, or golden number, it is the limit of the result obtained from the division of an element of the Fibonacci series by the following number, as the series tends to infinity. 38.2%: It is obtained by subtracting 61.8% from the unit (1.000 - 0.618) 100.%: Equivalent to the total magnitude of the primary trend. Reversal percentages should be calculated after the end of a trend has been confirmed, never while the trend continues. Considering that trends are always part of a longer-term trend and, in turn, are made up of shorter-term trends, the question on which of these trends should be calculated as setbacks? There might not be a simple answer. We must calculate the setbacks on that trend that has given clear signs of termination in general terms. A weak trend may have a 31.8% retracement, while a powerful trend may have a 61.8% retracement before returning to its original direction. Some sources mention a critical zone of 33 to 38.2% and 61.8 to 67% instead of specific levels. Fibonacci retracements form an essential part of the Elliott Wave Theory. The most scathing criticisms against Fibonacci retracements are based on the random walk theory, arguing that there is no justification for assuming that price action has any reason to respect predetermined retracement levels. However, it is not suitable to use Fibonacci retracement all the time. There are a few downsides too: Fibonacci retracement shows only static price levels. It is unlikely to say that a specific cryptocurrency price will not pass or stay below predicted levels. Many external factors determine the price of a coin. They have to be taken into account when determining trading decisions. Fibonacci retracement levels are close to each other, so it is challenging for a professional trader to determine the accuracy from which to predict the value of a particular coin in the future. Suppose you're interested in using this great indicator. In that case, you can simply go on your TradingView chart and the dashboard, click on 'Indicators & Strategies' and search for Fibonacci and find the best one suited for you. Have you ever used this indicator? What do you think the pros and cons are? Let me know your ideas. Good luck.
Education
by ShawnMCR
19