Doge full extension from the 74% retrace of the January PnD
Inspired by Queen Fibs Symmetry, I noticed a possible retrace of a the prior swing high to swing low of 55 bars. Testing the ideas. The 100% retrace would be 9295.6. The 1.618 is 8694. There's a 2nd fib ext line, .786 at 8692. If 100 doesn't hold, strong support here could turn it around. On the way down, minor S&R at 10k, 9850, 9550, Trigger to sell would...
And quite beautifully, up the fib circle 2.618.
I love me some Fibonaccis . Fans, retracements and extensions to illuminate the threads of nature. The fabric of space and time, ripples in a pond... impulses and waves. It's all a beautiful thing. I've highlighted fibs and trend lines, some old and some new. The blue shaded trend line back from end of March 2017 still acts as an area of support that we've...
Fibs are a beautiful thing. I naturally gravitate to beautiful things. lol... Anyway, posting this for my own records. Fib extension perfect to .382. Bounced twice. 10,125 is a tough resistance price. Every time we've hit the bright cyan lines of the fib circle, BTC capitulates. I don't see why this would change in a downtrend. So in about 2-4 hours I'm...
Testing out my charting strategy. I'm Jon Snow and I know nothing. But learning and this idea is mainly for my own purposes. If BTC can ride the big blue circle (1.618) upwards and blow past 10,600, then possible path to 11, 000. Or it drops to the .382 fib at near 10,100. Hmmmm.
First, I'm rather new at this, so this is mainly for me to look back upon and test my charting and strategy. So thinking out loud, XRP broke the descending trendline and is heading for an ascending trendline. If XRP stays on the downtrend... That pathway can lead to .248 and beyond that, .20. Or it could transition to the uptrending line and continue on that...