TIME
Bitcoin's Great Wall of Support at 3300 on February 10th 2020If Bitcoin comes down to the region of $3300 in early February 2020, this article will be very relevant. There is an overwhelming cluster of price/time barriers converging in one spot. This degree of confluence doesn't occur often. Here it is presented very early, giving you advanced notice of its existence. Before I go on, know that this is NOT a forecast. The market is very far away from this time/price level and may well never go through it. The point is not necessarily price-magnetic.
ANALYSIS POINTS:
1) OK, firstly, note the dotted cyan line connecting points A and B. This line represents a two-dimensional measure of price and time. Financial markets are often full of angular symmetry, where price swings have a tendency to be of the same angle of ascent or descent. As such, taking a copy of the cyan dotted line as the 'base angle' and projecting it from a secondary high is a reasonable way to determine where a future move might go. The downward swing from point C could end anywhere on that cyan line and have angular symmetry with the prior downward swing. If the swing ended right on the end of the line, it would be a perfect 1:1 projection. In our case, this is impossible because it would mean forecasting bitcoin's price to fall as low as $-2742. Even Peter Schiff would struggle to argue a case for that outcome. There is something else we can do to reveal some alternative, more probable points on the line for the market to reverse though. That is to take a 1:0.618 Fibonacci projection. This isn't shown on the chart, but 61.8% along that second cyan lines falls right in the red circle.
2) It's quite clear by visual inspection that price/time point determined in the first Analysis Point (AP) coincides with the prior support from point B. This is shown by the horizontal green line. This gives us an area with two very good support cases. One comes from the horizontal plane, the other from the diagonal plane.
3) Further to the second AP, notice the result of taking a 1.618 extension of the final upward swing to point C. This is shown by the white dotted Fibonacci levels. The 1.618 projection level goes right through the centre of the red circle, too. This is another contributer of support in the horizontal plane. Three separate price barriers now all converge.
4) Markets have a tendency, but not an obligation, to revserse on mathematically significant time bars. What I mean by this is that low-to-low, low-to-high, high-to-low and high-to-high rotations tend to last for a significant number of candlesticks. For example, observe the time difference between the low at B and our red circle of confluence. Exactly 62 weeks from B, the purple (magenta?) dotted vertical line crosses through our circle, right on the intersection of the cyan line from AP1, green line from AP2 and white line from AP3. If you're not sure of the signifcance of the number 62, it is a derivative of the Fibonacci ratio, phi, 0.618. Floating the decimal point and rounding gives 62 as the nearest value to phi in this time frame.
5) In addition the AP4, the 62 week low-to-low rotation between B and the potential new low in the red circle would coincide with a 34 high-to-low rotation from the high at C to our new low. The significance of the number 34 comes from its presence in the Fibonacci sequence (1,12,3,5,8,13,21,34...). This gives us more conviction that there may be a reversal on, or very close to this time cluster.
Believe it or not, this is a relatively surface-level analysis which can be taken much further. I wanted to share an example of the mathematical unity that can be found in markets. Here we have a beautiful combination of horizontal, vertical and diagonal barrier overlays all converging on one very precise price and time.
Once again, this is not a forecast. It is a case study of a small variety of predictive techniques which is very interesting. Rest assured, if nearer the time the market looks as though entering the red circle may be a liklihood, you will hear from us at Quantium Research again. If that happens, what we publish may well be a forecast.
Thanks for reading.
Bitcoin ABCDE correctionHey everybody.
Not long ago I posted an idea of BTC dropping to 6500$ before regaining strength. After some thought and knowing that we might be in major wave 4 (looking at multi-year perspective). 4th waves are known for triangles and long consolidations. Well there you have it.
After marking possible E wave before major bull run, I saw one date - BTC Halving in May 2020. So we also have fundamentals behind this idea.
Let me know what you think.
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.
This is what BITCOIN Will do!The king of cryptos is poised for a big move. Bitcoin has been trading in a symmetrical triangle, which will come to an end in approximately 25 days, after that your guess is as good as mine, if bitcoin heads down it will land on the 8500 price area, if it heads up it will re-test the 12500 level.
S&P 500 Finally Making New Highs!Last post: July 3rd 2019. See chart .
Review: Price had created new highs but could have moved back below support.
Update: Price has since continued to move even higher.
Conclusion: Price is making new all-time highs and we may see the start of the next bull trend. We will now look for long opportunities in stocks.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
BTC-Mid term swing -Daily Time Analysis
These are really important Time Lines. Make sure to stick to them!
Every color is one different time analysis. Different methods.
2019/07/02 Jul
2019/07/17 Jul **
2019/09/21 Sep
2019/12/26 Dec
2020 /01/05 Jan
2020/01/25 Jan
2020/04/20 Apr
2020/06/21 Jun
2020/08/04 Aug *
2020/12/14 Dec
Before buying or selling BTC pay attention to these vertical lines. They can speed up the trend or reverse it. Pivots will happen on these lines.
Good luck.
Bitcoin - Swing tradersBe very careful in your positions if BTC is on a timeline. Sharp moves or trend reverses are expected.
Remember, timelines can speed up the trend too. But in the right situation.
For example, Think about a bull trend. after several bullish candles, we have some low energy candles or even sideways move and after that, we reach to a timeline. In this case, we expect nice bull moves again.
Apple: Where must price be at a certain time?Price, price, price. All that talk about price.
Ok, I'll give it a try.
But I cannot exclude time, as that would make it too easy.
So we need a definite location for both, as we have two axis on our charts to look at.
As estimated price is higher than current - well - we need to set the idea as long.
Hey, this is just a crazy idea. So trade at YOUR OWN RISK AND DO YOUR DUE DILIGENCE.
Although, I believe in it, so I will take on a trade given I get a decent entry.
ETHEREUM TIME ANALYSISThe big move up is IMMINENT!
Unfortunately not.
The picture explains it, most people draw trend lines but fail to see their TRUE potentials by keeping them extended beyond the convergence
point. When the green line is broken down by price it becomes resistance.\
The red line was resistance but is support.
Since price is not going to give you the rise you want, you need TIME to be on your side, not expecting anything until 28th May
Good news is that you have 2 possible opportunities to get Ethereum at a much better entry point.