Very educational since I'm a newbie in trading. How do you calculate the zero line? Is the upper line always 46,24 and lower line 24,64? How does this relate to Fibonacci lines?
RE: Bitcoin - Unlocking The Mystery Of The Intra-Day Moves (Before It Happens!)
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Bitcoin - Unlocking The Mystery Of The Intra-Day Moves (Before It Happens!)
Thank you for your reply. Fibonacci lines are based on predefined numbers that may or may not have a relationship to the underlying stock or crypto your following. In comparison, these lines are constructed directly from the underlying security and its own critical mass.
I will be presenting more examples in the coming days and providing the lines ahead of time so that everyone can follow along as the trading day progresses.
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Looking fwd to those.
Can you also share what algorithms you use to calculated the lines? Or is that your own trade secret?
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