TheHumbleWatcher
Long

BCH-Fibonacci Spirals 1.1 - BREAKOUT

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
This is a follow-up from my original idea. See related idea.

This is intended to give an idea of where the price of COINBASE:BCHUSD is headed.

CRITICAL: Precise Coordinates (Price,Bar)

Step 1: Add an indicator to show Pivot Points and change the setting to (3,3).

Step 2: Go to the widest view possible which in this case is Monthly and begin adding spirals to the high and low pivot points . It is smart to choose one color. Also, start off by making the spirals counterclockwise and begin from the bottom to the top. Also, I put spirals on pivot high to pivot high this has a dashed red spiral.

The chart should now look similar to this...

Now, I'm going to work from bottom to top.

Here is how I look at the spirals.

Now, let's see where these spirals line up with a Weekly chart.



Daily
ZOOMED
That is enough for now. Please leave a comment if you have a question.





Comment:

524.99 (STOP)

Should be going up...
Comment:

Fib Spiral still stands. Bottom of $473 still stands.
Comment:
More like a freak out- this is going to Zero
Reply
sir, if it weren't for my stop loss i'd be thirsty af
Reply
@kenjoyable, we haven’t hit a new bottom yet. The low of 473 still stands. I had a stop at 524.99
Reply
kenj1 TheHumbleWatcher
@TheHumbleWatcher, should have gone with my gut and sold again when it topped at 645 . nearly every time i don't go with my gut i get burned. entry was 519 tho, laddered my sells to 650 and re-entered my long at 625 to get stopped out at 619.99.. thank God. i don't think this is going to hold up. have you bought back in yet AB?
Reply
So what is your first target then?
Reply
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