Bitcoin's BIG Secret - Let's talk about Fib Circles! - (BTC)
Updated
Hello Friends, Traders, everybody...
Just a quick update on our current trade.....
Obviously took profit @ $9444...
Looking to maybe, add to longs upon next breakout of fib resistance. Careful here, as psychological resistance @ 10k has proven strong once before...
I keep getting told that, when people look at my charts they have "no idea what's going on"
I can't really make it any more simple, than what I put in my text descriptions....not to be harsh but if you don't understand the chart do some research on Fibo...I can only spell this out in so many ways, it may look complicated but it's not.
So, I think now we may see some consolidation after another leg up; this could be tricky because I think we could stall around the green box, wait for confirmation before going long again
Last trade worked out perfectly, perfect entry perfect target to the dollar
And yet somehow, I still take flak from people for "spamming my charts" in the chatbox, well I am trying to help you, see I thought this was a chart sharing website, I don't NEED anyone to look at what I'm doing here, it actually benefits us more NOT to show you, so I do not understand this behavior....
I don't have much desire to go into detail today. Read the chart or don't. I'm kindof tired of taking flak from people for charts that I spend a lot of time on, when really I don't need to, as you can see I profit plenty off of my trades, and don't monetize my charts, so really this has left a bit of a bad taste in my mouth.
Anyways enough about that. You can see on the daily chart that Bitcoin has been following Fibo circles for quite some time, of course there is plenty of influence from channels and other Fibo tools as well, you can see those on my other charts. Please take a look at our previous analysis for a view of this beautiful trade brought to us by Fibonacci..
Good luck traders.
Previous Analysis:
Just a quick update on our current trade.....
Obviously took profit @ $9444...
Looking to maybe, add to longs upon next breakout of fib resistance. Careful here, as psychological resistance @ 10k has proven strong once before...
I keep getting told that, when people look at my charts they have "no idea what's going on"
I can't really make it any more simple, than what I put in my text descriptions....not to be harsh but if you don't understand the chart do some research on Fibo...I can only spell this out in so many ways, it may look complicated but it's not.
So, I think now we may see some consolidation after another leg up; this could be tricky because I think we could stall around the green box, wait for confirmation before going long again
Last trade worked out perfectly, perfect entry perfect target to the dollar
And yet somehow, I still take flak from people for "spamming my charts" in the chatbox, well I am trying to help you, see I thought this was a chart sharing website, I don't NEED anyone to look at what I'm doing here, it actually benefits us more NOT to show you, so I do not understand this behavior....
I don't have much desire to go into detail today. Read the chart or don't. I'm kindof tired of taking flak from people for charts that I spend a lot of time on, when really I don't need to, as you can see I profit plenty off of my trades, and don't monetize my charts, so really this has left a bit of a bad taste in my mouth.
Anyways enough about that. You can see on the daily chart that Bitcoin has been following Fibo circles for quite some time, of course there is plenty of influence from channels and other Fibo tools as well, you can see those on my other charts. Please take a look at our previous analysis for a view of this beautiful trade brought to us by Fibonacci..
Good luck traders.
Previous Analysis:
Trade active
I went long again at 9400 thanks for that call rickTrade active
took profits 9850 added back to longs ~ 9700
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