In this idea i decided to write. :D
Ok,so why long? Im doing these updates for myself to keep notes,but since this is a post about btc, a lot of people will see it and therefore i will write my reasoning.
1.This pump was perfect 0.618 fib,or the golden pocket of this fib (first pic under) and according to my method,tgt for the dump will be 0.382.
2.This fib (pic 2), shows us where the golden pocket is and it perfectly confluences with the 0.382 of the fib mentioned above.
3.This line (pic 3) shows that we had trouble breaking this level and is now good support,aaaand confluences with the fibs i already mentioned.
So,my guess now is follow the blue line,if we bounce here and sell at the end of the blue line.If something else happens,will try to update.
Ok,so why long? Im doing these updates for myself to keep notes,but since this is a post about btc, a lot of people will see it and therefore i will write my reasoning.
1.This pump was perfect 0.618 fib,or the golden pocket of this fib (first pic under) and according to my method,tgt for the dump will be 0.382.
2.This fib (pic 2), shows us where the golden pocket is and it perfectly confluences with the 0.382 of the fib mentioned above.
3.This line (pic 3) shows that we had trouble breaking this level and is now good support,aaaand confluences with the fibs i already mentioned.
So,my guess now is follow the blue line,if we bounce here and sell at the end of the blue line.If something else happens,will try to update.
Note
Note
Note
Note
And here is it all on one chartNote
4.The 55ema will be at the price where everything above meets.Note
Slightly adjusted fibs
Note
Still waiting for correction
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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.