Placed a Regression line through available exchange history.
Using the basis as a guide placed a Fib channel on to the Basis
and extended it to the first peak.
This correlated to the second third and fourth peaks
Conclusion: Possibility price falls to the lowest channel line
corresponding to the first low following a high
Using the basis as a guide placed a Fib channel on to the Basis
and extended it to the first peak.
This correlated to the second third and fourth peaks
Conclusion: Possibility price falls to the lowest channel line
corresponding to the first low following a high
Trade active
That might put us at a low of between 33,000 and 66,000 depending on the rate of decline
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.