I have used an adaptation of the Simpler Options Voodoo lines to see if I could capture the movement of Bitcoin. I reoriented the Voodoo lines from a horizontal approach to one the follows the longer term trend line angle from the last big movement that seems to have affected price.
Here is a video about standard Voodoo lines are their utility: youtube.com/watch?v=My96yypitD4
BTC seems to respond to these forest and fire fib lines with this new type of orientation :) I look forward with keen interest to see what it does next. I think it will move into quadrant 3.
@Crypto_Cpt_Nemo
Here is a video about standard Voodoo lines are their utility: youtube.com/watch?v=My96yypitD4
BTC seems to respond to these forest and fire fib lines with this new type of orientation :) I look forward with keen interest to see what it does next. I think it will move into quadrant 3.@Crypto_Cpt_Nemo
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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.