I was looking at Fibs at a deeper level. The more I learn about them, the more obsessed I get with them. Now Fibs r my #1 trading tool. Most of u r already using Fib retracements. This chart shows that Fib extensions can also be very useful. I created them from Nov 8 2017 drop. Fib lines that did not control key levels r removed.
This chart shows what happened in the past. Next 1 might show the future.
I don't know what u guys r interested 2 c . U can write me in the comments if u don't want me posting these kinda ideas. If u wanna c more, just press the like button.
1:peace: /:D - Zoom in by dragging the scales. Double click for auto scale PS: There r some hidden stuff in this chart and only the very curious 1s of you will find it.
Fib extensions: 1.618, 2.618, 4.236 &1.272 & 2, 3, 4, 5, 6, ... & 4.618, 5.618, ..., and a lot more
For the nerds:
Fib extensions: - A number divided by the previous number approximates 1.618 (21/13=1.6153, 233/144=1.6181) - A number divided by the second previous number approximates 2.618 - A number divided by 3rd previous number approximates 4.236 - Square root of 1.618 = 1.272 - Square root of 1.272 = 1.127 - Multiples of the base: 2, 3, 4, 5, 6, ... - I am also using natural numbers + golden ratio 4.618, 5.618, ...
Retracements: - A number divided by the next number approximates the golden ratio .618 (13/21=.6190, 55/89=.6179) - A number divided by second next number approximates .382 (13/34=.382, 21/55=.3818, 34/89=.3820, 55/=144=.3819). -- Also, note that 1 - .618 = .618 *.618 = .382 - A number divided by another three places higher approximates .236 (13/55=.2363, 21/89=.2359, 34/144=.2361, 55/233=.2361) - Square root of .618 = .786 - Square root of .786= .886
Guys, I might have found the FIb extensions that predicts the future. Here is a sneak peak of the idea that is based on Fib extensions. This idea is much bigger than what you see in this preview. You'll get surprised. You get an early view because of your support. I am still working on it so it may take a while before I publish it. And you know how to encourage me to work faster :D
It is strictly not a trade advice.
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A great idea from my lovely friend Taiwan_Bear that shows the use of Fib time zones. It seems Fibs r controlling this market in every dimension.
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If you r still wondering how these Fib extensions r created you can:
- Press the "share" > "make it mine" and the chart will be yours. Select the Fib set > settings > coordinates
Or
- Zoom in the chart by dragging the scale. Period 8 to 12 Nov 2017. You will see the trend line for the Fib set.
Are there any fib extensions beyond 6 you know of? Let's say some altcoin goes crazy. Can you find a possible top of a parabolic move with a fib extension reaching beyond the 6?
CryptoWorldBB
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Thank you very much!That was the best information in my life!Now i can be one of the best traders in the world!Good Job man!!!
Taiwan_Bear
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Hahaha :) Thanks.
I am still trying to understand your previous updated idea.
cryptodisco
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OMG keep up the good work man. Already bounced and lingered around the first 3 fibs on that chart above.
cI8DH
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@cryptodisco, Doing my best :D Too much discrepancy between exchanges makes it hard to get it accurate.