XRPUSD- Fib time cycle-DecodeMONTHLY chart. started from the highest peak to the dead cat bounce. every new fib month is green in both cycles. end of the 3rd zone is the blastoff. new top in anytime in april or may
Fibtimezones
ZRXUSDT (0x / Tether) Dailyhi
here we have two specified TPs based on FibRetracment and FibTimebase and Fib Projections so we can see many Fibonacci confluences ate TP zones and can be very optimistic about this pair
probably we should be achieving the TPs in the TP zone box
it is a little big swing trade
please comment you opinions
thanks
Why and when trends failHere, using gold I demonstrated the importance of time analysis. Most of traders analyze only price action in relation to price and most of indicators can do only that.
However price need to be analyzed also in relation to time, as price moves in Fibonacci sequences not only in price scale but also in time as you see. And when it hits an important Fibonacci TIME extension, a trend will change direction for hours, months or years depending on timeframe.
With these tools you can analyze time action:
Fibonacci time extensions
Fibonacci time zones
Fibonacci arcs
Fibonacci circles
Fibonacci fans
Pitchfork fan
Gann fan, Gann angles (to place Gann fan you have to LOCK scale. Then put 45 degree angles. Angle 1-1 has to run by 45 degrees).
Gann boxes
Cyclical oscillators, CG Oscillators (Center of Gravity as Fisher, Ehler's CG)
How to draw Fibonacci Time extensions - traditonally, time cycles are measures from LOWEST LOW to LOWEST LOW. You find 2 lowest lows and drag Fibonacci time extension tool between them and then drag back the third line to the first low where you started. Then you have Fib time extensions from the second lowest low that you connected, into the future. Its important, it has to be absolute lowest low. If you do it on weekly, zoom to daily and place the end on absolute daily low.
Fibonacci Time zones. You place 1 on lowest low wig, 2 has to fall on the next candle. Best to do it on daily. 1 candle -1 time zone unit.
