Pecfect refelction of months of movement with the fibonacci and the pitchfork using 3 MA's, no bounce outside the norm, I stay neutral for now
use it, dont, trend, indicators are tipping below the Fib, but since we spent time above the 2017 breakthrough, we were in new ground, but most times the Fib and the pitchfork, mixed with MA's is generally good
Hey guys, been quiet, check out this if it is of any interest. @pullbacksignal thoughts? hope all are well, apologies for been out there.
didnt survive the resistance, and there are a couple of major announcements coming inthe following days so watch for whale movements.
A note on the same graph, pay attention to the MA's when they move apart there is trading value, when they move together there is indecision. I have four lines, (MA's) the yellow is a vwap, the light blue is a short ma the green is medium term and the red is long term, it works best on a 1 hour but i use the 4hr to shor how it works, its also best to then go and...
dont be fooled if it breaks through this we are gonna see a strong long, if not we gonna go back into the fibonacci behavior, look at the stoch ROI its dropping, so the resistance is already coming in
no volume for a long period then a massive move to change the market, for me, fib still counts
GUYS i HAVE HAD TONS OF QUESTIONS FLYING AT ME look at the fibonacci lines, treat them like resistance and support lines, then add lookining at the media and world events, and make your decisions from there
The patters observed have been consistent this entire year, the movements have found support and resistance at every fib line, yes there has been so crazy media, but there is no volume attached for that reason, if you are trading, and swing trading by day. so quick trades, you lucky, because its consistent
A weekly view and use, of seeing maths at its best
Something is coming, broken the pitchfork, touched resistance and tested, lets see if it breaks up, MA's are converging too
I we look at the maths, we will see that it is a hung market, but according to what is happening to what is happening in FIAT, its questionable. you can see me science, and i am going WTF?