For every action, there is an equal and opposite reaction?So, I don't know if Newton's 3rd Law applies to trading, but maybe it does. I do know that I probably used the pitchforks wrong according to whatever rules you "PRO" traders follow, but using things wrong doesn't really mean shit if the end result is right. Not saying I'm right in this case, but shit happens. Let's see if shit happens...
Downtrend fork has a 2.618 extension added to it because why not? It happens to be where price stopped going down and started going up.
Makes sense? Probably not. It's crypto, it doesn't have to make sense. All you need is a little FOMO...
I haven't really looked at COINBASE:ETHUSD charts since my last call, which shockingly worked out really well. (see below)
That being said, this chart may not have the same lovely results but I haven't posted a chart in a while and I was bored, so here you go...
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Disclaimer:
I do not guarantee anything in this chart because honestly, this is just a random idea pulled outta my ass (where most good ideas come from).
The price could easily ignore my chart completely just to confirm my stupidity. I am a noob trader, I accept this. You should too.
To repeat, I am not a professional trader (I don't even play one on TV). I do get quite lucky sometimes, maybe this is one of those times.
I will gladly accept any criticism, comments, or critiques. I'm still trying to learn. Be nice. Be mean. I don't care, just be something.
