What does it all really mean?Hey guys,
Just playing around with support/resistance and using trend based fib on a higher time frame with a line graph instead of candles.
I like to keep things very simple so zooming out to the lowest low before the start of the uptrend connecting it to the highest high we currently have and looking for a retracement back to a strong support that has happened already to see where we may land in the future.
At the same time it can be hard to predict which support may be the best bet.
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Catalysts that could help accelerate this?
AMA w/ CEO Sunny Lu on the 16th.
Possible coinbase listing? Recently saw an interview where he was asked about a coinbase listing and he laughed and answered he has signed an NDA... HRMMMM
Anyways, I am new to use trend based fibs in general. The built in script places the highs and lows on candle wicks and personally I think the close of candles gives a better picture.