BallerTrader
Long

Fib Extensions. Deep Market Knowledge. WOW.

BITFINEX:BTCUSD   Bitcoin / Dollar
1273 5 14
So how markets work... They revolve around a equilibrium point. We are measuring swings in this chart. A swing in one direction is needed to create an equal swing in the opposite direction.

This is one of the ways I concluded that bitcoin was putting in a low at 160. It's the equal measured move of the 320-460 upswing.

Once this reaction is complete... price will reach for equilibrium.

I am writing a book about all this, will give it away for free. I am also working on a website.

If there is anything you would like to see in a trading website please let me know so I can make the website as good as possible. Until then follow me on twitter https://twitter.com/BallerTrader http://www.ballertrader.com

GoodLuck GoodTrading =)
Nuseii
2 years ago
Dig this man :P
+2 Reply
d1v1d4v1d
2 years ago
Do you think similar happening in a longer term?
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d1v1d4v1d d1v1d4v1d
2 years ago
snapshot
Reply
d1v1d4v1d d1v1d4v1d
2 years ago
snapshot

Once again, and finally.
Reply
BallerTrader d1v1d4v1d
2 years ago
Yes. If bitcoin shows that its going to keep this bull trend alive, 420 is almost certainly going to offer resistance / potentially be the top of the bull market.

i like the way you did the fibs, its a lot cleaner than how i did it.
Reply
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