the fibonacci circle indicates momentum, it makes the the price shift from 1 fibonacci channel to another, from upwards to downwards OR a slower one ... as that's what I believe will happen, because we're going too fast now, it will drop 1 level down, just to slow down, to then go up again, but a little bit slower
the fibonacci momentum circle is about to push the price back where it belongs; the long term trend channel;
the fibonacci momentum circle is about to push the price back where it belongs; the long term trend channel;
Note
click on the play bottom and look where it's sitting now; right on the fib circle line ... so, although I've been misreading the lines, the lines themselves are still good ... I just need to get better at reading them
intellectual - from the latin words 'inter lecture'; reading between the lines
PS: I'm not changing my position; let it be it goes up even more ... for now; a correction is inevitable, the question is when and how low will it go, I'm still convinced it's soon and at least $5k
this is just a small delay, nothing else
Related publications
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.
Related publications
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.