📌NATURE can predict Bitcoin price correction levels? 😲 (Original analysis and thoughts)
bitcoin·@vm2904·
0.000 HBD📌NATURE can predict Bitcoin price correction levels? 😲 (Original analysis and thoughts)
## <center>Believe it or Not - are they related?</center> <center> </center> <br> >### <center>A series found in nature predicts the levels to which Bitcoin price is likely to correct ...</center> <br> Amazed to hear this? What mumbo-jumbo is this you may ask. Well, this is nothing that I am inventing. It is a very old Stock market theory and I am merely examining here for applicability to recent Bitcoin price corrections. As you are probably aware, I am no crypto expert but am a keen observer of nature. As such, my qualification of speaking about Bitcoin price corrections is limited to making certain observations and drawing correlations. I would like to put out a disclaimer that no one should base any investment decisions based on my observations. However, everyone is welcome to either be amazed or criticize the hell out of my observations. So - what is this series found in nature I am talking about? ## The design sequence nature uses in practically everything... Have you ever seen some patterns in nature and wondered, how is this so pleasing to the eye? Have you also noticed that certain patterns, proportions etc. are commonly seen in nature - in petals of flowers, branching of trees, beehive construction, scales on a pineapple, shell proportions and shape of a snail's shell.... All of these wonderful proportions follow a mathematical series, named by us humans as 'Fibonacci series'. The series is obtained by starting with one and progressing it such that each number is an addition of two previous numbers. > ### Fibonacci series: 1, 1, 2 (1+1), 3 (2+1), 5 (3+2), 8 (5+3) ..... and so on The ratio of each number to the number behind it in the series tends towards 1.667 as we go higher in the series. This number is the 'Golden number of nature' since it provides the proportions most pleasing to eye and more importantly, helps to utilize space and resources in the most efficient manner possible. For example, when a tree is growing, the branches follow the natural Fibonacci sequence to maximize the exposure of sunlight for all leaves. <center></center> There are many such examples in nature where Fibonacci series and the Golden ratio number are found. <center>Snail shell</center> <br> Even the human heartbeat has the golden ratio between the QS and T peaks!! <center> [Image source](http://math.andyou.com/content/07/ec/images/mu_pe_07_ec_004.png)</center> <br> ## Application of Fibonacci numbers in stock trading Those who trade stocks regularly have always noticed that the stocks never move up or down constantly. Any strong move is always followed by a 'retracement'. Traders also know that these retracements depend on market (or the public) sentiments and therefore, are governed by the laws of human psyche and ultimately by Nature! When a strong uptrend starts in the market, everyone starts buying and this rapidly drives price up. The doubting Thomases in the crowd then start taking some profit at some level, because they are not sure how long the ride is going to last. The dip caused by their selling causes a panic reaction in common traders and selling starts, which dips the price rapidly. This continues for some time till people standing on sidelines, waiting for the share price to come down start buying and the price starts going up again.... People have observed that certain Fibonacci levels (ratios) are very capable of predicting how long the public sentiments run in such corrections. An example is shown below: <center> [Image source](https://forexboat.com/wp-content/uploads/2015/02/Fibonacci-Forex-e1424871507895-1024x631.png)</center> The example shows that, if the peak is considered 100%, then a typical retracement level at which support could be found by buyers is at 0.618 or 61.8% Other important levels are : 0.382 or 38.2% and 0.5 or 50%. ## Does Bitcoin correction follow Fibonacci levels? I studied a BTC vs USD price (Bitfinex) chart on Tradingview.com and checked correction levels and support/rebound at three different instances ( So called 'CRASHES of BITCOIN') in 2017. ### The 'Crash' in June 2017 after Bitcoin touched $3000 <center></center> As we can see, the price retracement went exactly to the important Fibonacci level of 50% and then rebounded! ### The 'Crash' in September 2017 after Bitcoin touched $5000 <center></center> As we can see, the price retracement went exactly to the important Fibonacci level of 38.2% and then rebounded! ### The latest 'Crash' in December 2017 after Bitcoin touched $20,000 <center></center> As we can see, the price retracement went exactly to the important Fibonacci level of 38.2% and then rebounded! Again - I am no expert on Bitcoin, market pricing or correction levels but this does seem to be an interesting correlation between something in Nature and Bitcoin doesn't it? This leaves ME mesmerized. How about you? ## <center>In Conclusion:</center> ## <center>The Volatile Bitcoin price may be well in sync with Nature's laws?? </center> <br> ### <center>Steemians, please comment freely to share your experiences, knowledge and views about my observations. I would love to learn more and know if I have made any mistakes in this analysis.Thanks.</center> <br> <br> [](https://steemit.com/@vm2904) Note: All images except for the wildlife photos and the title image created by me are from [pixabay.com](https://pixabay.com/) except where source is explicitly mentioned. <center> Gif crafted by the Legendary @stellabelle for me</center>
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