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Fibonacci Extension Timelines, Guide Part 22

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Fibonacci timelines are analytical drawing tools that are based on the trend line marked by a client and the series of Fibonacci causes (percentages). To teach Fibonacci timelines, a trend line is first drawn by means of the primordial resistance and the primordial support. Then the horizontal distance between these 2 points of view (time distance) is divided by the Fibonacci indices: 23.6%, 38.2%, 50.0%, 61.8% and 76.4% . Then, based on these time distances, vertical lines are drawn on the right side of the last point on the time trend line for distances that are equivalent to the time distances calculated earlier.

In technical exploration, Fibonacci timelines are applied to highlight time periods on activity charts in which the trend of the cost of occupations (indices or other tradable commodities) is vulnerable to changes. Most technical analysts working with Fibonacci tools assume that the trend is most vulnerable to reversals over time periods between the 38.2% and 61.8% lines. Timelines are used by various technical analysts in conjunction with other Fibonacci tools. And they place as a viable maximum trend is 161.8% in the sector

In summary

Fibonacci Trend Based Timelines is an analytical drawing instrument used to forecast future cost movements based on the application of the Fibonacci sequence on the time axis. It is represented by a succession of vertical lines at the date / time levels that present possible cost corrections in an existing trend. First, a trend line is drawn. Depending on its length and direction, vertical lines appear based on the Fibonacci sequence.

Examples:

Theory of 1.618 Maximum Peak in Time Zone Trend Extension Fibonacci.

This theory is personal that I use it to idealize the possible time that a bullish can last, it is a probability so see it in only that way. Remember to manage your risk and go buying on a scale, nobody has the crystal ball.

This is based on the fact that every cycle from 2013 is maintained in a Fibonacci extension based on PiCycle Indicator, an indicator that has managed to predict 4 end-of-cycle falls of bitcoin with total ease.

First to apply it, it is taken as a basis that the maximum time that a cycle can last is 1.618 Fibonacci, based on the Fibonacci theory. Without the PiCycle indicator and RSI, it is impossible to apply it, so we must supplement them.

Maximum Peak of PiCycle, Minimum Peak of 0.786 Fibonacci, RSI change.
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A: PiCycle Top, Divergent RSI, Overbought Indices.

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B: 0.786 Fibonacci, However, we will take as a basis the close bone close price of the candle, for this I recommend using Lines.

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C: RSI change, and close above the first.

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End of Time Zone.

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Having a clear idea, let's continue.

Next Cycle:

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Finally, this cycle.

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They can use a monthly or weekly chart, as they wish.

I have finally made a probability betting that 2024 will be the next bullish market. It is not totally accurate, but I leave it on the chart.

כתב ויתור

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