I know everyone loves their Fib extensions.
Based off of the first swing low to my experience.
Back in 2011 after it's ATH crash from $32-$1(Even lower than this specific chart tbh. Was more like 10¢-1¢)
But I'm just a guy on the internet, and your opinion shouldn't be swayed by what anyone says unless you came to that conclusion yourself.
After collecting different perspectives/indicator data to give you more confidence in your decision.
Have a great day. I hope all your investments 100x and all your trades are profitable.
FYI: For me personally, so I don't rely on a single line in a chart as reference, I always clone my drawing/lines twice.
Placing one above and one below respectively. Giving me a zone of price action. Always give yourself a margin for error/slippage. Makes everything easier and less surprising for yourself.
Based off of the first swing low to my experience.
Back in 2011 after it's ATH crash from $32-$1(Even lower than this specific chart tbh. Was more like 10¢-1¢)
But I'm just a guy on the internet, and your opinion shouldn't be swayed by what anyone says unless you came to that conclusion yourself.
After collecting different perspectives/indicator data to give you more confidence in your decision.
Have a great day. I hope all your investments 100x and all your trades are profitable.
FYI: For me personally, so I don't rely on a single line in a chart as reference, I always clone my drawing/lines twice.
Placing one above and one below respectively. Giving me a zone of price action. Always give yourself a margin for error/slippage. Makes everything easier and less surprising for yourself.
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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.
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.