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Fibonacci

All articles tagged with #fibonacci

cryptocurrency1 year ago

Dogecoin Surges Amid Musk and Trump Endorsements, Eyes $1 Milestone

Dogecoin's price is showing a bullish pattern on the hourly chart, suggesting a potential rally to $1, according to crypto analysts. The bull flag pattern and Fibonacci levels indicate upward momentum, with some analysts predicting DOGE could reach $1 by year-end and possibly $2 by December. However, a consolidation period is expected before the next move, with a potential retracement to the $0.26-$0.30 range. Currently, Dogecoin is trading at around $0.37, down 4% in the last 24 hours.

via Bitcoinist|
#bullish#crypto-analysts#cryptocurrency
cryptocurrency2 years ago

Bitcoin Halving Sparks Parabolic Rally and Supply Crunch

Bitcoin is expected to enter a parabolic rally in the coming weeks as it enters the pre-and post-halving phase of its market cycle, according to prominent crypto analyst TradingShot. The analysis suggests that Bitcoin could reach the $50,000 level soon and potentially test the all-time high of $69,000. The historical cycles indicate that each successive cycle may not surpass the previous one by a significant margin, with a realistic projection of slightly over $120,000. However, the future trajectory of Bitcoin's value depends on factors such as adoption, ETF approval, and market dynamics. The recent volatility in Bitcoin's price was triggered by news surrounding ETF approval, although the SEC has delayed decisions on approvals for spot Bitcoin ETF applications. Bitcoin is currently in a consolidation phase, with a focus on reclaiming the $37,000 spot.

via Finbold - Finance in Bold|
#bitcoin#cryptocurrency#etf
science-and-technology2 years ago

"Fibonacci's Expertise Enhances Lunar Satnav Technology"

Future satellite navigation systems for the Moon may benefit from a model developed using methods inspired by mathematician Fibonacci. NASA and ESA have proposed GPS-like satellite constellations around the Moon to provide accurate position, navigation, and timing services for lunar activity. However, current Earthly GPS systems do not consider the actual shape of the Moon, which is more spherical than the Earth. Scientists at Eötvös Loránd University in Hungary used lunar surface data and the Fibonacci Sphere to calculate the parameters of a rotating ellipsoid that best fits the Moon's shape. This more accurate representation could improve navigation systems for future lunar missions.

via The Register|
#fibonacci#gps#lunar-surface
science-and-technology2 years ago

"Unlocking Lunar Navigation: Ancient Mathematical Trick Holds the Key"

A geophysics student at Eötvös Loránd University has used an 800-year-old mathematical method developed by Fibonacci to calculate the parameters for a rotating ellipsoid that best fits the theoretical shape of the moon. This research could assist in developing navigation systems for future lunar missions, similar to the GPS system used on Earth. The study found that the moon's shape can be approximated by a rotating ellipsoid, and the method has also been applied to the Earth as a verification.

via Phys.org|
#fibonacci#geophysics#gps-system