Potential reversal on GBP/USD comingDivergence is the most powerful leading tool we have.
Negative divergence, look out for a sell signal shortly.
Chris
Wowcrypto
BTCUSD 100X PRECISION - Inverted scaling projection (surprise) sometimes you have to look at things differently to find what you're looking for
so, this is an inverted chart of BTC of Coinbase. I've used 0.5 from the fib retracement tool just to get a clean cut on the wick
having fun, I thought I would treat the action since listing as a corrective wave
the fib retracement on A hit 0.854 which would classify this as a zigzag (although counting the 5 swings downwards isn't fun)
projecting where a zigzag ends is simple: apply a fib extension of A to B - an ideal place for it to end is 0.618 (although 1.0 & 1.236 are possible; hitting 1.618 would signify that it is a third impulse out of five)
does this work? well, yea. a method to forecast where a wave 5 could end is to add a 0.618 extension of wave 1 + 3 to wave 4
however, the issue here is that our A ends at what we see as wave 3 (20k)
a lil spooky, huh?
Holy mother of crypto.We have just experienced a flash crash!!
The blue trend line too strong. Will we hit 9k?
Very very serious question for you guys.....why do guys like me who get NEARLY ALL OF MY CALLS ALMOST SPOT ON!!!!! get like 200 views with 4 likes... as seen here
but guys like this
www.tradingview.com
who were dead wrong and this
ARE GETTING LIKE 15,000 VIEWS AND HUNDREDS OF LIKES!!!
I really truly do not understand does everyone on trading view like loosing all of there money? do they thoroughly enjoy loosing more and more with every trade instead of making loads of money every trade and becoming rich is that really what they want... okay then...
