COINBASE:BTCUSD Bitcoin / U.S. Dollar
Anywhere on the Orange line just below the yellow, that's my UP on a best fit fork, if I get a TTP touch and reversal, 2 pips in I'd take a trade and ride it until I have a 2-3 pip pullback. Red circle is my .786 and UP, could be slightly hotter reversal zone than usual, a nice place to watch. Let's see where this goes, the good news, I wasn't distracted all day watching this and I won't care much if at all what happens to the pair in about an hour, I'll be done, thinking about life, not forex :) if this goes bad I lose 2-3 pips which equals about 1/2%, not a lot of risk, and if I hit, min 5 pips/1% but typically more....think about that :)
Comment: So here we had a nice little bounce off the .786, good, shows a willingness/desire/capability to comply in the now/moment...I need a bounce off my fork, lets see how this shakes out...if I get 2+ pip bounce/reverse there is better then a 70% chance I have a sell and more then an 80% chance it will be 15% or more of the leg it's retracing...I look for CD or XA legs not less then 12 pips, I just need 5 pips to get my 1%
Comment: Let's see...I have a fork which is validated meaning...qualified Fibonacci compliance, not perfect but...high probability, 80-90%, and good risk management, 2% = 10 pips just a test, there will be more, this is the "new paradigm" of trading.
Comment: Tada....like magic, Anderson forks and Fibonacci rules the charts...nice TTP touch on my 50% fibonel cause a solid 90 pip move.