Trading BTC - Historical Average Indicator

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Good day traders! This is a newly developed technical indicator.

Defined are two phases of market momentum reversal in relation to Fibonacci.

Outlined is an average curved band for buying and selling. >You could view it as an overlaid geometrically curved RSI indicator. ;)

The average-band is based on 4 different normalized historical datasets of decline and reversals.
Historical Market data:
* Nasdaq 2000
* Nikkei 1990
* Dow Jones 1929
* & Bitcoin 2014

Data window:

I personally use this indicator in combination with traditional indicators to reduce risk, increase trading profits.

Don’t feel shy to give feedback, leave a like or follow

**Progress of BTC with this indicator will be updated

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Clarification: This is an overlay based on historical data, and is -not- a realtime indicator. Confusing naming, my bad.

I will soon update this idea with more in-depth information about the Fibonacci Ratios.

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Fibonacci ratios

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Break-out or Break-down

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Previous upper target was reached.

Mid-term upper and lower bounds. BTC is looking to backtest to the upside. Then more downside as depicted:

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Geometrical origin of the Hyperwave phase-two angle.

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Why do I have the feeling that this might have something to do with the origin of the Universe?

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Rejection at 0.382/0.618 of the resistance band

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This market behaves according to a different set of rules and within a different structure as other markets, development seems to be reactive and constraint by geometry and phi.

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I would like to hereby state that i’m an independent researcher, my work may be reproduced by other traders for personal use but not officially published in any way or form without my consent. It is research in progress and plan to conclude it with a unifying theory and model which will be officially published.

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False break-out, back in triangle (in Blue) higher levels are in the cards

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Sidenote on the above: We could touch 8-8.5k if we manage to stay above 6.8-7k, this would complete an intermediate peak before (possible) further downside, so don't forget to set an appropriate stop-loss! :)

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3DAY RSI Trend

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On a more positive note, this is an optimistic projection in the case things speed up a little. Bitcoin made a ±71% decline counting the last bottom, not saying we couldn’t drop to lower levels, this is an observation with a different outcome than one might expect. The speed of this projection doesn’t fit the current framework, but the ratios are intact.

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Yeah pretty outrageous, certain market dynamics make it very real though, a break of the previous high will open the floodgates, same with the 10k level.

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Elliott wave theory seems aligned with this version of the story, everybody would be so pleased... ah well let's see how it plays out ;)

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Made a small data table for the sake of accuracy, rounded the percentages to two decimal places for ease of display.

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I guess this proves my work, it's a pattern that exists of all time frames

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For my own peace of mind, followers and future traders I will put together all of my findings in document that will be published in a later stage.

BloomTrader

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.