Let's look at the 3.618 Fib extension as a target for each bull run after a macro low for the life of bitcoin...
there is an intersection I wanted to explain where the trend line and the shallow fib cross and explain why i like it as a key buying area
The intersection of these two lines is where buying interest is likely to be heaviest with a likely halt of the large correction.
To me the winner is... LINEAR! For me it is about the proportion, not about price. I am never focused on price and that is why log scale fibs do not work with me as I am focused on proportions.
Just wanted to show a pattern that if it holds we are in for a nice percentage move from now to October 2025.
the sky is not falling. Of course no guarantees, but this looks like a bearish correction in an overall bullish market.
just a pattern I wanted to share where I use Fib levels along with trend line breaks
Just a glimpse into what I a looking at regarding TSLA on the daily timeframe
Just throwing out my favorite monthly chart to end the month
Just a quick chart to see where each year landed. Fibo
Hitting the first Fib ext buy zone, and a long makes sense here with a conservative sell stop in case of another breakdown to the next zone. Just an observation, bit financial advice. Fibo.
Just something to chew on as we transition into the end of the 4th quarter and into 2023. Fibo
shallow fib still holds as resistance and the lower targets are still in view of being hit. Thanks, Fibo
21 minute shows a small bull div and the volume helps determine a possible short-term low and also the fib ext target has already been hit. Just an observance of hopium Fibo
My Fib threshold level hit and bounced nicely. Long at that level.. see id we can continue the bounce. I will likely be putting in a break even sell stop. Fibo
Shallow fib resistance are tested with a target low marked based on this latest threshold fib levels. Just an observation. Fibo
Social Mood is key and many people do not consider what "mood" is and when those moods change to change primary trends. This is why I created my fib theory to measure the mood changes.
This was a quick and easy trade buying the fib ext zone and selling the shallow fib off my fib threshold levels. Happy trading Fibo