updated shorter time frame fibs to color instead of all green lines so you can correlate what fib levels are to what and realize chart is busy but if you can simplify it to support and resistance i think it starts to make sense. squeezed frame to include more of past and drew out exact path per fib levels btc would travel if it followed the longer term fib. long term fib still relevant until it hits the 3 fib. thought it played out this weekend but fell short. the way to know is if btc holds on a retest of the shorter time from 1 level after retesting the .618 down or in this case up from the 1.414. this is common in price action according to fibs the way they are placed here. you could say it's the hidden lines of support and resistance for bitcoin and actually for all traded assets liquid or illiquid meaning it's a PATTERN!. i know this hurts the brain to realize we have all been duped but I have now put well over 10k hours studying this and can say with absolute certainty this is how all assets move. period. if we follow the most recent path we are going to go retest the 1.414 and inevitably the 1.618 of the shorter time frame fibs or most recent i should say (the more horizontal levels). surprised not getting more inquiries with this post considering the accuracy and precision is the highest level of TA ever achieved. and i say that humbly but when you can place a trade with a limit order at a level with certainty the level it is going to next then what more is there? here is the truth... all assets trade in a neverending repeating pattern that moves from fib level to fib level and supply vs demand merely alters the shape and form. the reason everyone misses it is it can be any size or shape or direction and they are fractal meaning in one daily candle the pattern might exist 10
times or infinite if fathomable. and last but not least it is like an mc escher work of art from the perspective of vantage points and so at any point the price is from the vantage of up and down at the same time. now we understand why trading is so hard for majority of people that attempt it.
times or infinite if fathomable. and last but not least it is like an mc escher work of art from the perspective of vantage points and so at any point the price is from the vantage of up and down at the same time. now we understand why trading is so hard for majority of people that attempt it.
