Introducing #Bitcoin Diamond Hands Fibonacci Ribbons - > how the mystery of the remarkable number “Phi” reveals itself in key Bitcoin price levels.
These ribbons reveal natural #BTC levels of:
📉price support
📈resistance
🔴cycle tops
🟢cycle bottoms
A 🧵on how it works👇
1.618 Phi (AKA the Divine Ratio) , explains many patterns in life:
-the shape of galaxies
-ancient pyramid design
-beautiful faces
-DNA helix spiral
-Leonardo’s Vitruvian Man
-Plant growth patterns
-Art ratios
-Architecture
Phi is everywhere… including Bitcoin
Phi And Fibonacci extensions reveal human #tradingpsychology support and resistance levels.
The Fibonacci sequence begins with 0 and 1, with the next number being the sum of the previous two. 0, 1, 1, 2, 3, 5… etc.
Phi is the ratio of two adjacent numbers in the sequence
Humans anchor on sunk costs, value and multiples.
These ribbons use Phi and Fib extensions of:
- Realized Price -> "paid" cost
- Balanced Price -> price "received"
- Investor Capitalization -> "value" over cost
- #DiamondHands Std Dev -> "multiples"
How to use the bands👇
Identify $BTC Cycle Bottoms and Deep Value Zones with the 3 green ribbons:
🟢Realized Price -> average cost of coin
🟢Investor Cap Price -> Realized Price - Thermocap
🟢Balanced Price -> lifetime average "spent" price of a coin
Identify #Bitcoin Cycle Top Range with the 3 red MVDH Ribbons (Fib deviations of Diamond Hands LT Value):
🔴MVDH 11.095 -> outer red band
🔴MVDH 10.18 -> mid red band
🔴MVDH 8.72 -> inner red band
Identify #Bitcoin support and resistance channels:
🟠Orange Bands -> resistance levels at 3.618 Fib of Investor Cap and Realized Price
🔵Blue Bands -> support levels at 1.618 Fib of Investor Cap and Realized Price
🟣Pink Line -> mid cycle price at 2.618 Fib of Balanced Price
Identify #BTCUSD Near term Price Targets:
🔴Cycle top: $153-186k
🟠Resistance: $80-87k
🔵Support: $35-39k
🟢Cycle low: $20-24k
Thoughts?
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