NeoButane

NeoButane Updated 

$ICX was supposed to make a bounce off the retracement lines but ended up far lower. Let's examine what happened and what I or any day trader should have done and seen. What went wrong: First off, we have the triple top formation highlighted in red boxes. This is an indication to look out for bearish reversal, and to find the trough of the triple top and...

NeoButane Updated 

With even more indicators: i.imgur.com Setting stop loss at 610-615 because it's $XVG and market is still shaking.

NeoButane

Fractal Markets Theory: www.investopedia.com "The role of information is crucial in making sound decisions with any sort of investment strategy. Within the framework of FMH, the impact of information availability can lead to changes in time horizons and liquidity. During times of stability, FMH states all investors share the same information. How information is...

NeoButane

The ascending speed resistance fan line along with the Fibonacci arc intersect with the 23.60% Fibonacci retracement line, and $btc made a nice pullback if you can see the wick under all the stupid lines I put on the chart. It is possible that the falling wedge is going to break out soon, since the OBV Shadow indicator along with volume show huge sell volume...

NeoButane

Speed resistance fan at trough, Gann at peak; the green circle should be the bounce back area.

NeoButane Updated 

Parameters: Trough: ~$970 Peak: ~$19,600 Fibonacci Time Zone interval: 8 days Gann Fans: Based upon a 45 degree angle, trough to peak and peak to trough Fibonacci Circle: From trough to peak Scale: Log, no auto scale, 20/20/20 margin Price/bar ratio: 0.0047485 --- --- --- Predictions On the Fibonacci time zone, we are shown dramatic price changes per...

NeoButane

I've noticed that the current downtrend of $BTC can be either two things: a downtrending channel or a falling wedge. I obviously prefer the latter, but I cannot chart a falling wedge that I like. All the tools used are based on the Fibonacci Sequence, sans the Ganns fans. I usually use indicators such as overlaid indicators and RSI/OBV, but I felt like all...