BitcoinLong
Interesting Curve Fitting
Back on March 19, 2018 I published an idea that simply pointed out the unique alignment of BTC price crashes with the Fibbonacci time scale. We refer to the Fibbonacci levels all the time regarding price levels so maybe the time component has something to reveal as well?
Since the recent price reversal I see alot of TA that uses "channels" and "wedges" to establish boundaries for and to predict price movement. When I look at the same charts I see curvature, not linearity. I have fitted 3 curves to the 4hr price chart to highlight what I see. Curves #1 and #2 can be changed slightly depending on chosen endpoints but they wont vary by much. Curve #3 however is a really good fit and its so interesting to me how it so nicely fits with the bottoms of price movement.
My Fibbonacci time target is only a few days ahead of us now and I am so very interested in seeing IF that day (range) holds any surprises AND how the curvature I've pointed out plays out as we hit the Fibonacci date(s).
This idea is NOT a prediction. I like to share some of what I see and find interesting.
Thoughts and comments are always welcome.
Since the recent price reversal I see alot of TA that uses "channels" and "wedges" to establish boundaries for and to predict price movement. When I look at the same charts I see curvature, not linearity. I have fitted 3 curves to the 4hr price chart to highlight what I see. Curves #1 and #2 can be changed slightly depending on chosen endpoints but they wont vary by much. Curve #3 however is a really good fit and its so interesting to me how it so nicely fits with the bottoms of price movement.
My Fibbonacci time target is only a few days ahead of us now and I am so very interested in seeing IF that day (range) holds any surprises AND how the curvature I've pointed out plays out as we hit the Fibonacci date(s).
This idea is NOT a prediction. I like to share some of what I see and find interesting.
Thoughts and comments are always welcome.
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