Just checked if its possible to construct a projected future price for Bitcoin using geometry. Please place the black circle 0.236 fib line on a center of a closest star, so it alligns with vertical and horisontal lines as well, to correct the position.
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White circle fib shows previous topBlack cicrcle fib shows the next top
Most probably these graphs are wrong, as it would be logical for the current top to be found in such manner, not the next one.
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tvc-invdn-com.investing.com/data/tvc_19495e6c67478bc13f2394f7c07d8745.pngThis is a more comprehensive chart, with Gann's carpet (4 squares). After some trial and error, I found 2017 fib spirals that point to exact place on chart (time and price) for the 2021 top. I have to point out, that I did check if it works for the next top as well, and it appears that BTC price moves in such way, that its more like two waves form one big wave, like TradingShot pointed out in one of his graphs. I'll try to configure carpets to see if that works.
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Recently, there's been an outbreak of posts on twitter, making predictions for Bitcoin to reach $1mil in general, or in quite short time frame. It seems that these claims have some ground. At least according to this chart, which is just a repetitive use of previously successful strategy. Will it work again?
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Every band of Gann's square corresponds to bitcoin's ATH. But there's a catch - the last wave was just a leg to the real top. The reason is that after first two waves the next one takes two times longer - remember the Fibbonachi sequence 1+1+2+3. For me this is fascinating to see how accurate my graph could be, if I knew about Gann's square back in 2012. I'll do a report with clean graphs later.
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The result is spiral hitting same spot found by smaller Gann's carpet, at $1.285M. I can't figure out what drives the price the path it currently goes by. It could be even larger fibs and retracements, aka heavenly bodies of our solar system, hence the information about Gann's studies of astrology. It could also be other natural golden ratios, like animal's ratios. Imagine every wave has its own totem animal, and those proportions are incorporated in local impulse waves. Something to think about.
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This is some further research into fib retracements inside Gann's square. I've done fib spirals on 0.786 fib retracement inside 0.786 fib speed resistance arc. The aim was to get as close to the current price, as possible. Therefore, I've done additional fib retracement, inside 0.786 retracement. 1 pixel thin black fib spiral represents tripple 0.786 fib which shows current major resistance line.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.