Plotted is the "" Fib of Bitcoin's rise from 9k. Circled are the many "" confirming the fitment. Marked is a first guess as to Bitcoin's next destination.
Of course it can do absolutely anything, from anywhere. No one knows "which" fib ratio will reverse it completely. But the odds are very high that it will turn at "A" fib ratio.
My Last Call was for . May have gotten
.
Recent Plots of Covid Crash and Recovery: Covid-19 Crash : <= Fib nailed it. Bounce Update: Bounce Update: Last Retrace: <= Fib again. Last Big Hurdle: Last Target Plot: <= Still Possible
. My older charts catching every key turn and giving early warnings: Mar 06, 2020: Feb 13, 2020: Feb 10, 2020: <= mapped within $10 Feb 08, 2020: Jan 17, 2020: <= Warning in Time Jan 07, 2020: <= Mapped within $5 Jan 01, 2020: Dec 29, 2019: <= the 3 Fibs of Life Jun 02, 2019: <=Perfect TP May 12, 2019: Dec 03, 2018: <=EXACT 2018 bottom
.
My "Book" detailing my Methodology with Numerous Examples: Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6:
Hi! thanks for great work. do you recommend any high quality literature on fibonacci tools and golden ratio in trading / price trends?
I've been tinkering with fib-based tools (extension, retracement, spirals) and i can see that they make sense a lot.
Especially taking in account their nature and the price of any asset being kind of a representation of the collective consciousness.
EuroMotif
⋅
@hophop11, Hello and thanks for your feedback.
The fib methods I use are self-developed, and I have no seen any others doing this quite this way.
So I have published a few Ideas where I collect examples continuously, such as this Idea That one is "Chapter 6", last one posted, but the first five are linked within. Best to start with ch 1 and 2 with hundreds of snaps showing the basic concept, while the rest are studies of specific phenomenon
bacool
⋅
Wow. spot on!
EuroMotif
⋅
@bacool, @bacool, it was, briefly anyway....
My methods indicate the next likely targets, but of course one never knows it if will bounce there or keep going.
So the idea is watch each level, to gauge the reaction. Or, use the fibs for placing SL, say one fib behind current price, etc.
fedmarino
⋅
Great analysis. Looking forward to other alt movement!
DrogonAzul
⋅
Hahahaha, your title gave me a good laugh.
My thoughts are BTC up to ~12,500 to shake out shorts and then smash down to ~9500. Pure gut, no TA
EuroMotif
⋅
@DrogonAzul, Hehe, thanks!
Your BTC path is of course entirely possible, lets see how this plays out from here, at a key level right now..
jams472000
⋅
Thanks for the detailed analysis bud.
EuroMotif
⋅
@jams472000, You are welcome and thanks for your kind feedback.
I've been tinkering with fib-based tools (extension, retracement, spirals) and i can see that they make sense a lot.
Especially taking in account their nature and the price of any asset being kind of a representation of the collective consciousness.