Fib channel pointing at next low and when to expect it?
3/2/21 - $.56 to $.52. This price will probably not hit exactly on. I plan to put in a few buys a little above this number.
I find a lot of people who share their charts focus to heavily on smaller scales and never look at the Day, Week, or Month. The larger scales serve as a road map of where price is heading. Start in the larger scales and work your way down to the scale you like trading in. I.e. "Bitcoin going to the moon this year!" charts. Really what does the historic patter show? Impulse waves and correction waves even at the larger scales. Happy trading.
*My opinions for the purpose of pattern analysis. This is not financial or trading advice. Use your own best judgement.
3/2/21 - $.56 to $.52. This price will probably not hit exactly on. I plan to put in a few buys a little above this number.
I find a lot of people who share their charts focus to heavily on smaller scales and never look at the Day, Week, or Month. The larger scales serve as a road map of where price is heading. Start in the larger scales and work your way down to the scale you like trading in. I.e. "Bitcoin going to the moon this year!" charts. Really what does the historic patter show? Impulse waves and correction waves even at the larger scales. Happy trading.
*My opinions for the purpose of pattern analysis. This is not financial or trading advice. Use your own best judgement.
Note
Coming down to the wire.. Here's my thoughts on buy zones. Overall direction is the resistance at $.53 (low catches around $.40-.46). *not trading advice.
Order cancelled
I believe this is still the general direction we're headed but my time frame is way off. The idea behind this chart was map the overall direction based on previous patterns and harmonic principles.I will not be publishing any new charts. Sorry for the inconvenience.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.