Something to think about. Historical Perspective.
Updated
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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For a closer look at the levels.Daily:
4Hr:
1Hr:
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Something else that I currently see. 4Hr:
1Hr:
Closer on the 1Hr:
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Minor Adjustments on the left side of my triangle. Nothing important but it kinda bothered me.Note
How it looks on a daily chart because:>"B-but the macro"
I get it Macro beats Micro. But the Macro is a compounding of Micro patterns. So it precedes the Macro.
It just takes time, repetition, and bullish supporting investors to have it play out till the end.
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