Here are some screenshots for timing a bitcoin event:
I used Fibonacci Time Zone to predict a price swing. As the time stretches, the prediction may go less certain since news, trends, and market holds change, a point where you throw away the old trend curve and place a new one as per new set trend.
I used Fibonacci Time Zone to predict a price swing. As the time stretches, the prediction may go less certain since news, trends, and market holds change, a point where you throw away the old trend curve and place a new one as per new set trend.
Note: Fibonacci time prediction is only used to locate a time with +/- relative error for a price swing. It doesn't tell what type of swing do you expect. That should be done by balancing this observation with other technical parameters.
Proven Bitcoin Major Trend Reversal (1D)
Here are my predictions for timing BTC swings. The image below is a capture of March 7 event where a major price swing may happen. See the subsequent chart for confirmation & what happens next.
Tip: To look at these charts, follow the vertical blue lines, which point a major price swing around (+/-1 day). As the time progresses, the error increases.
Minor Trend Reversal (4H)
To continue next, we need to know now when the price will swing back. It has been days now I am also waiting just like you but I just don't like to wait. I want to time it!
Here is a continuation of this example. But it is now focusing on a shorter period prediction. I wanted to time an event on an hourly (4) chart such that I can recognize when to plan my long entry. This is a screenshot when I placed the fib prediction:
You may look at the vertical blue lines that mark a local swing within the set trend from Feb 06, 2018. Here is the continuation of the same chart when more candles are developed. This is exactly the time when I am writing the article to confirm whether the expected level of swing is going to happen or not.
Should there be any re-tracement or pullback or swing, I will keep you updated below! For now I can only say as long as fib prediction continues, use them. When they don't throw them out and put a new anchor and place them at next swing level. You will be able to aim at specific Bitcoin swings.
March 13, 2018:
This is what happens next. BTC continues the upward movement along the set trend and the swing happens around the fib level as predicted. Precisely speaking, it is rebounding from fib level 0.618 adding a further confirmation to the bullish movement and defining the 0.618 line as a support.
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