API3USD
What do you think of overlaying fibonacci as such ?
I often use this and many other variations to find confluence areas.
Comment:
Seems like its breaking 0.618 support. Are we bouncing back up? or going down to S2 0.382|0.236 confluence zone
Comment:
Rocky road but bounced off perfectly off S3 and and perfectly wicked to the 1.618 extension! Waiting for full candle closure above that area maybe we hit higher fib exetension? crazy to think that out of the entire market API3 went first.
Trade closed: target reached:
Full body candle closure's at target reached. Hopefully we hit those higher fib levels in the week ahead. This was a really bloody week in crypto and I definitely got lucky with API3 following these fibs! It obviously doesn't always work this way, using fibs is about following the chart to gauge possible targets and playing off the support and resistance levels. Nothing is ever guaranteed!!!
Full body candle closure's at target reached. Hopefully we hit those higher fib levels in the week ahead. This was a really bloody week in crypto and I definitely got lucky with API3 following these fibs! It obviously doesn't always work this way, using fibs is about following the chart to gauge possible targets and playing off the support and resistance levels. Nothing is ever guaranteed!!!