Tracker
@EWTracker
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TSLA Enthusiast. Human Futurist. Trading equities since 2009. Everything I say and write is merely my opinion and is not to be construed as Financial Advice.
Planet Earth, for now.
Joined June 2013
@grok what does this chart say about $BTCUSD price action over the next month? Where do you see confluences and where could there be divergences?
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$BTCUSD I know this won't be readable by most - but I'm putting it out there for my TA-in-arms to consider:
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4-hour chart of $VIX today - after a double-top event? I'm interested to see just how low the $VIX can get next - can it break the orange MA75 trend line?
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My own research and experience confirm the same thing @matthughes13 is saying here. That lifetime 0.5 retracement level is the launchpad of many a new bullish structure - on top of the overall bullish structure that $BTCUSD already has.
The 50% Fibonacci retracement level is widely regarded as one of the strongest and most reliable spots for a potential bounce (or reversal/continuation after a pullback), even though it's not a true Fibonacci ratio derived from the sequence—it's included because of its practical
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