Discover and read the best of Twitter Threads about #Goldenratio
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The #BTC 200D MA (200-day moving average of price) is an important level for understanding #Bitcoin.
I think the $BTC 2Y MA and its 5x multiple are more valuable long-term, but mid-term the 200MA is worth paying attention to.
Here's my perspective π[THREAD]π
I think the $BTC 2Y MA and its 5x multiple are more valuable long-term, but mid-term the 200MA is worth paying attention to.
Here's my perspective π[THREAD]π
From #Bitcoin's introduction in 2009 until its first halving, $BTC stayed above the 200D MA period until its first bear market period. The 200D MA served as resistance, but breaking above it led to prices higher than the 200D MA breakdown the previous year, signaling new πtrend
In the next #Bitcoin era, the first after the halving at the end of 2012, $BTC rose rapidly and parabolically, blowing off early and testing the 200D MA for support to continue the bull run. (cont)
(γ₯ｑββΏβΏβｑ)γ₯ πΡΠ½Ρ 5ΡΠ½ ΟΞ±Ξ½Ρ ΞΉΡ Β’ΟΠΌΞΉΞ·g π
β€· And the Ξ¦ #GoldenRatio Ξ¦ plays a key role π
The #Bitcoin bull run is missing its 5th wave.
This final push will send #BTC and the $TOTAL #cryptocurrency market into πMANIAπ mode.
Zooms and full analysis in following tweets
β€· And the Ξ¦ #GoldenRatio Ξ¦ plays a key role π
The #Bitcoin bull run is missing its 5th wave.
This final push will send #BTC and the $TOTAL #cryptocurrency market into πMANIAπ mode.
Zooms and full analysis in following tweets
#Bitcoin bull runs are composed of β 5 Waves β
β Wave 1: finds resistance at 0.618 #GoldenRatio
β Wave 2: finds support near #BTC halving
β Wave 3: breaches above 2.618 Golden Fib level
β Wave 4: finds support at 1.618 #GoldenRatio
β Wave 5: tops out multiples above Wave 4
β Wave 1: finds resistance at 0.618 #GoldenRatio
β Wave 2: finds support near #BTC halving
β Wave 3: breaches above 2.618 Golden Fib level
β Wave 4: finds support at 1.618 #GoldenRatio
β Wave 5: tops out multiples above Wave 4
When you compare these to the psychological stages of a bubble applied to the long-term #Bitcoin chart, you can see that Wave 1
β β Waves 1 and 2: Occur during STEALTH Phase
β β Waves 3 and 4: Initiate and concludes the AWARENESS Phase
β Wave 5: is the MANIA Phase
β β Waves 1 and 2: Occur during STEALTH Phase
β β Waves 3 and 4: Initiate and concludes the AWARENESS Phase
β Wave 5: is the MANIA Phase
My current weekly view on #Bitcoin: potential bullish engulfing candle forming after testing the 1.618 Golden Ratio of the 2018 decline. Watch this as the weekend closes on Sunday. If proves to be a bullish engulfing, this is an indication of trend reversal
(1/?)
(1/?)
(2/?)
Long-term logarithmic growth line intact since March '20, potential support as we move on.
Weekly resistance level at about $39k; $30-39k being the same price range we have been in since late May.
Weekly RSI remains mildly overbought and approaching a descending resistance
Long-term logarithmic growth line intact since March '20, potential support as we move on.
Weekly resistance level at about $39k; $30-39k being the same price range we have been in since late May.
Weekly RSI remains mildly overbought and approaching a descending resistance
(3/?) Some context: 1.618 Golden Ratio forms a support level during a mid-summer 4th wave correction in each #Bitcoin cycle.
Some of you doubt me.
But I'm writing a book right now.
It's already in process.
I've told you how it's going to end.
We're just writing the chapters right now.
#GoldenRatio #Bitcoin
But I'm writing a book right now.
It's already in process.
I've told you how it's going to end.
We're just writing the chapters right now.
#GoldenRatio #Bitcoin
#Banknifty - Excellent day for our Golden ratio(imojo.in/goldenratiobot) bot users and #Trading Strategy webinar attendees. The system triggered the Short order at 27626 today, currently at 500+ points profits and those who applied the strategy in options r in profits as well.
And here's the stats of the #TradingStrategy. It is purely based on price alone without any indicators. #Volatility is its best friend :)
Another fantastic day for the #Goldenratio #tradingbot users. Long position in #banknifty triggered at 27201 today, now with more 1350 points profits. Great day for all breakout traders. thanks to #NirmalaSitharaman :)
