As the above says. Note - the 1:1 was aligned in the original picture/chart at 45 degrees angle from the intersection of vertical/horizontal. It may shift from the 45 degree when you view it.
It is always useful to look back, and realize. That the FIb Spiral has no ability to be modified, or made to function like other people and books seem to imply.
I'm not going to use it. I can't see it being reliable in the same way that almost every other fib tool is.
Hope you are long from there, and kept some open. :)
thenestsearch
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@LunarAvenger,
We have come to realize one needs to go way more detailed with Fibonacci. We have come to understand other ratios that make a BIG difference. At least for BTC.
We have a small confidential group filled with diverse audience like Astro, TA, Harmonics and computer science people who are working towards converging all these things to a single model. Convergence.
LunarAvenger
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@thenestsearch, BTC is such a technical marval, and it is somehow behaving naturally. Respecting fibs and everything quite reliably.
If done properly exact targets are found and can even be traded. :)
I just was trying to find someway to use the trading veiw Fib-Spiral as it does not allow any modification, you cannot for example set the spiral to be tighter, for multiple overlaps. So I am struggling to see the point, vs more reliable tools.
I'm not going to use it. I can't see it being reliable in the same way that almost every other fib tool is.
Hope you are long from there, and kept some open. :)