As all crypto market went down it is a good time not to panic and learn something new.
Today we prepared for you nice indicator combined with .
This enables us to see supports and resistances not only linearly but also circularly.
Looking at the chart we can see at the horizontal axis we have a time and on the vertical axis we have price. said ideal harmony is when they both move in a proportional way. That is way is middle line on this indicator is 45 degrees – it means when following this line price and time are in the harmony. When below that level price goes faster down (particularly in this case) than time. This means SELL. If we go above 45 degrees this means price goes faster than time and there is a time to BUY.
Ok but what happens in the middle. Is prices’ and people’s behavior linear? Not necessarily.
What can we do when being in between the lines 2/1 and ½?
So the answer is . Imagine those circles are like pulsing sound.
Fibonacci claimed everything has a cycle and proportion. You can find numerous examples of shells, flowers and many more. People’s behavior changes over time. It pulses in someway.
Each pulse has circular shape so are so as well.
As you can see on the chart, many of the breaking points are aligned with levels marked by the circles.
They give us better insight when to enter and when to exit.
In this case we should SELL at around 0.098, reload at around 0.06 – the most important without fear we are below 1/1 level. Once bought wat the previously mentioned level we should sell ETH at 0.078.
If someone plays on this pair once would make 30% in a 3,5 months.
We put first circle in the lowest level of the 3 following bars.
What do you guys think?
Do you use it? Do you find it useful?
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THANK YOU FOR ALL YOUR SUPPORT! :)