7450 and 99 cents and why that is a CRITICAL number for Bitcoin
Bitcoin's epic 2019 rally was a prefect example of "Golden Growth".
This growth pattern is the only way Nature grows any object or lifeform.
It is not as common in financial markets, except for bubbles and Bitcoin :)
Most often the price expands in a linear manner (2.618. 3.618, 4.618).
Once in a while we see True "Golden Ratio" growth (2.618, 4.236, 6.853).
As with most "Parabolic" trajectories, they tend to cascade down as well.
We can see this line was highly contested on the way up.
The return to this line has also been an epic battle zone.
This line will determine how history records Bitcoin 2019.
This one Fib series helped target every level (see links below or triangles on chart).
Forget all those "indicators" and "patterns" that work 100% right 50% of the time.
Choose TWO points (fib 0.0 and 1.0) carefully and let the Golden Ratio guide you
8k target from 6.3k
10k target from 7.5k
14k target from 11k
7,5k Retrace Target
If 7450 fails, then we have but one line left to defend with, at $5882:
5882 and 82 Cents
This growth pattern is the only way Nature grows any object or lifeform.
It is not as common in financial markets, except for bubbles and Bitcoin :)
Most often the price expands in a linear manner (2.618. 3.618, 4.618).
Once in a while we see True "Golden Ratio" growth (2.618, 4.236, 6.853).
As with most "Parabolic" trajectories, they tend to cascade down as well.
We can see this line was highly contested on the way up.
The return to this line has also been an epic battle zone.
This line will determine how history records Bitcoin 2019.
This one Fib series helped target every level (see links below or triangles on chart).
Forget all those "indicators" and "patterns" that work 100% right 50% of the time.
Choose TWO points (fib 0.0 and 1.0) carefully and let the Golden Ratio guide you
8k target from 6.3k
10k target from 7.5k
14k target from 11k
7,5k Retrace Target
If 7450 fails, then we have but one line left to defend with, at $5882:
5882 and 82 Cents
ความคิดเห็น:
^^ that just happened, about 1 hour after posting Idea, thus my pointing it out
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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