the top of the channel as a trend line to respect, but the main reason to get in the trade is because daily Stoch RSI at top, into FIB golden zone, + SR(resistance line) inside fib is being rejected) is a good spot to trade to the down side, but with BTC pumping so hard seems silly to short the market. yikes
The WVF indicator is a synthetic volatility measure and is the best bottom picking indicator I have found. We have Chris Moody to thank.
Basically when the candle is orange it signals a potential aggressive entry point. When the candle is magenta its a good buying point.
I am a long term fan of legendary investor Carl Icahn. His fund IEP has had a tough time...
