This Concept is part of my ongoing study of Fibonacci Ratios applied to Assets. This Chapter will be an album to collect examples of true "Golden Ratio" growth. This Chart captures Bitcoin's surge in spring 2019 which grew by 1.618x increments.
This type of growth has been called "Exponential" or "Parabolic" by many analysts. This occurrence is actually NOT very common in markets at a scale we can see. This DOES occur at microscopic levels but is difficult to capture at those levels.
Below are the previous Chapters. I add Examples as Updates to the Ideas below.
Chapter 1: General Examples (before I knew there would be more chapters):
Chapter 2: Advanced Examples
Chapter 3: 9.618 Murderer of Moves
Chapter 4: Impulse Redux
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BTC.USD live chart of a Golden Growth wave, the THIRD in its bull run of 2019
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ZRX.usd with a nice example and Retrace of Golden Growth (or "Parabolic" as some would say) Nice bottom on the 1.618, the first "ring" of the Golden Growth rings.
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ETC.usd with a beautiful example Of note, the "top" of such vertical runs are always chaotic. On smaller time frames there were pings on the upper blue fibs. And as noticed previously, the RETRACE is often MORE precisely in sync.
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BTC.USD with its 4th Golden Growth spurt, on a bull run starting early 2019
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BCH.USD example in a live chart from early 2019
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SPX.USD example in a LIVE chart, plotting the COVID driven decline/regression
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^^ ^^ Follow Up to spx example above ^^ ^^
Since posting that Idea, here is what had happened till now That bounce to the Gold 17.942 was the DANGER LINE. It could have turned back down from that Fib to make lower lows. But instead it got past that Gold fib, and lately the series is starting to lose influence.
Thus we can assume the "Parabolic Panic" had dissipated after we got past the 17.942. BUT, all of those levels will be Important FOREVER! That is because all of those levels will have been permanently ingrained into Algo's, MA's, Oscillators, and ofc Human Brains.
ie: that fib will still be influential whenever price is within its range.
BTC.USD Live example in a 6 hour chart Take a close look at this one, and follow the movement on this one, should be interesting.
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^^ ^^ Follow up to the above example ^^ ^^
Wow, same fib took all the way to previous ATH yeah, same fib as the snap above, with those dual-green-pings waaaaay down there! Notice how the amplitude of the waves keeps increasing as we go up the parabolic scale.
KNC/USD again with a nice example, here its pa since coinbase launch Notice the EXACT top at $2.0507, and NOT 2.0000. Sure there were big sell walls at 2 round. But they were broken 3 times, only for fail .0507 cents higher. Because the Golden Ratio captures the SUMM of all decisions AROUND that number.
Sudden spike of over 9% in a few minutes, dissected on the 15 second chart : "Impulse" was readily identifiable and confirmed. "Ripples" aligning perfectly with the Golden Ratio.
Daily timeframe, since Covid Bottom: Perfect Pings on the Golden fibs 4.236 and 11.089. Just broke above the midpoint golden fib 6.853. Retest of the 6.853 at 44.86 would be an entry.