looking good tbh long, set tp 8.2 x 10²⁰ of chosen currency, 4 years gg text
maintain that anything below 100k is cheap people though that was a joke?
nice sine wave parabola is for memes I like the cycle. Almost believable.
It seems to be falling at a just about perfect sqrt(2) ratio and respects the phi and other levels quite well from the top there, minus extended It's very symmetrical and obvious when one looks at more than a minute chart Resistance now strong and made up of the folks who set up longs before the gap at the start. Support at this level was nonexistent for that...
fixed i like this .4142 level. it makes a good companion to the .5 and gives a good 'here's a buy spot haha' that's a little less speculative than the .2618 or whatever
part 1 -> www.tradingview.com market making? no, market emulating. remember, the market only exists insofar as its constituents allow the farce. a fun hobby for some, job for others. yet these are some of the biggest players who absolutely do not care about the underline or the individual traders; it is noise, and soundproofed noise. not your IPO, or whales, or...
After seeing so many individuals both - realize their TA was useless, and - still have new people coming in realizing the same - spending a lot of time to figure out a single short opportunity after being faked out several times, and then gloat about it despite losing several others - casual insistence of 'it has to dump' and '2017' and 'EMA EMA EMA'; constant ...
we are in the middle phase of this move be patient. signals and indicators won't work much here anymore; if anything, people will be contrarian on purpose, and those with a great influence in the money aren't traders, and so don't even think about it. sticking around % values that are logical; start at p⁰ (input 13.37% tp, sl 4.20%, rebuy at p₁, reach for t₁ =...
hope im not too wrong instantly after I post this
It didn't drop and so it hit an equilibrium of zzzzz I just felt like making this to look at later and see if it really is this boring now, weeks before holidays will either prove or return volatility banks pls stop btw: think i seriously lost like every single trade today time for a break, owie
I see it often. these lines may trend diagonally but they are not required to be so; I see one website say "Because technical analysis is just as much art as it is science," which is a fundamentally flawed way of looking at mathematics. It has no desire to be pretty for you. Fibonacci sequences are not in nature; almost all of those stories are myths or framed....
Credit where credit is due, the idea and the concept came from ICT. Controversial? Not? I don't know anymore, but either way, I didn't want to just ignore him for this. It just got a lot more complicated once I dug in. This is a highly abstract analysis and not something anyone should follow strictly; it's merely an idea, and one that if followed, sets my own...
I tend to be too fast with these, even if they've followed my other charts; they'll neccesarily start happening a day or so out instead of how fast I imagine it happening. Should be okay. This is just for the little replay feature so I can go over what I was thinking later without too much bias
This is a bit of an odd one. I just thought it may be interesting to consider whether the percent movement required to get to 20k had a pattern or specific values that helped it grow or shrink. I think there is a better way of analyzing this; mostly in the deltas of the open/closes themselves without regard to '20,000', as the number is meaningless in a market...
-1 /-0.8 /-0.2 / 0 / .2 / .5 / .8 / 1 / 1.4142 / 1.5 / 1.8 / 2 chart fibonacci sequence overrated since everyone offsets to compensate anyway, including automated orders this is pessimistic. optimistic trend is that once london open happens this morning, it'll fall to 17k~, then the next evening blow past 20k
Most things are written on the chart. I have hidden the reference fib itself as it is specifically edited for a certain purpose, but I base it on the psychological effect range theory (should be easy to figure out my methodology just knowing that) as well as the silver ratio for highs rather than the somewhat misused golden ratio (it's not really that prevalent in...