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Saturday, April 15, 2023

Bitcoin Fractal Dimensions II

Bitcoin Fractal Dimensions II

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

% 🕘 Fibonacci Reversal Zones give awareness about interconnectedness of historic patterns all the way to current candle. Projecting how one wave can be relative to the other using various Golden Ratios derived from waves of notable cycles.

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Application of chaos theory behind the nature of the market in Fractal Geometry.
Long-term alertness for Violet Area:
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Why? Because Bitstamp doesn't show candles before 2012. those crucial fluctuations when price was encountering levels.
BLX shows data before 2012 and covered with violet fib area from 1 to 1.618
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Fractal Spit Up (Timing):
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General Fibonacci Channel responsible for LT Reversals (Price+Time related fib line)
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Vertical axis of Critical points of the Wavelength = Price related line
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Since market has its own way despite of our perception on price formation, this way we keep neutrality for Long-term strategic aspect.

FREMA Levels:
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Curve mimicking lows of price expansion against time scale. Mind 2024 bitcoin halving period.
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If it really falls after reaching those hot short-term angled levels, that would be pre "assumed bullrun" period fueled by 2024 halving narrative. That's why relevant to our case fib levels are shown short length. Just like in quantum world particles arrear and disappear or be both, here the levels have their own limited time for the price to be reaching them. The sooner the price reaches them the more crucial reason for presence they have. Since wave frequency right there is high, it applies also to corrective waves. And Since corrective waves would have relatively same momentum measured as angles forming quantum world of possibilities - multi-universe fractal's critical points scaled in unfolding the market. Pretty much all opinions people do classical TA are summarized in terms of the market itself without without actually caring about the news background. Market has its own way and we know that external variable such as news, reports have positive or negative fundamentals already priced in as unfolding pattern to current candles. Odd chaotic movements of the market can be explained through this system of Fibonacci Channels. That's why subjective opinion is way too overrated since market as fractal system of unfolding patterns is more objective than opinions backed by classic TA at specific point of time. After all we care about reversal targets which can be justified by golden ratio rule governing the limits of waves and cycles.
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Angles are important because they have time cycle properties within it because market is nothing but a curvature in PriceTime blocks covering variable rates of change of fluctuations.Via TradingView Ideas https://ift.tt/PXhDadr

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