Bitcoin future price time pivots with Fibonacci CirclesNot financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!
Fibonacci circles placed from December 2017 high to December 2018 low lines up with some key dates in bitcoins future.
1.618 circle calls the March 2019 breakout.
2.618 is in line with a theory used by @tone vays using a Martin Armstrong price prediction through time analysis. See tonevays.com & Tone vays daily YouTube vids.
4.236 Fibonacci circle lines up with the 2020 bitcoin halvening.
“mental masturbation” horoscope/astronomy/when full moon-esque TA but the coincidences with key dates is not to be discredited. If you are newb, like myself, I recommend Tone vays, and his interviews with traders; nick core, Willy woo, djthistle, sawcruhteez and, of course, OG Tyler Jenks. This was stumbled upon after an interview with venzen (second link, if you are interested in this kind of technical analysis)
tonevays.com
youtu.be
youtu.be
If you liked, leave a like.
Resistanc
Ignis VS Bitcoin Consolidation TimeIgnis formed a bottom at 774 satoshis after which price went up, and reached 1524 satoshis high. Although closing price was below the 23.6% Fibonacci retracement level at 1136 satoshis and below the 200 Moving Average.
On a correction down, IGNIS/BTC rejected the uptrend trendline, went up an rejected the 23.6% Fibs once again. It seems that IGNIS has stuck between the 774 support and 1136 resistance, without any clarity of further direction.
In order for the price to move up, close above the 1136 sats resistance is required. If/when that occurs, Ignis shall rise towards the next Fibonacci retracement level at 50%, that is 1541 satoshis.
On the downside, considering the current price action, a correctional move down might be expected. Ignis could decline towards previous support at 774 satoshis, but only if price will not break above the current resistance.
NZDCAD Unfortunate Earthquake, Unfortunate OutcomePrice closed Friday near a S/R zone after becoming overbought a week before. Now, it seems likely that price will fall to the red support trendline as a result of that, and the Earthquake that hit New Zealand. Therefore, it will likely follow the red arrow down to the trendline.