Why not? The targets follow more conventional TA and charts. It looks cool.
The exact location of this angular channel is a hotly debated issue among technical analyst. in my opinion, angular Trend analysis on a macro timetable should only be done on the BLX chart. Many exchanges have short-lived price fluctuations which can be extreme. This makes drawing macro trend lines difficult because the angle will be slightly different depending...
Bitcoin: 2019 Bear market retracement targets. Top: $13,900 Bottom: $6420 .236 $7,700 .382 $8,620 .500 $9,450 .618 $10,345 .786 $11,780 Strong resistance at the .618. Price trading in a tightening pendant between the .5 and .618. ($9,500/9,850 buy zone. Sell above $10,100 if trading the channel. Stop loses below $9,400 and above $10,360) Strong support from...