RE: Bitcoin (BTC) Evening Update: Pathway to $12,482

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Bitcoin (BTC) Evening Update: Pathway to $12,482

in bitcoin •  7 years ago 

BTC/USD

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Breakout

Nope

Another Nope.

solisrex is haejin's best and royal fallower.
It's their way of communicating.

  ·  7 years ago Reveal Comment

solisrex is haejin's best and royal fallower.
It's their way of communicating.

Can't you set up your own shop? Your charts are really annoying.

"MUTE" me

  ·  7 years ago (edited)

Hi Solisrex sweet heart.
I think salahuddin2004 learned the lesson.
Thank you so much that you stand up for haejin.
We love you and thank you.

  ·  7 years ago Reveal Comment

I am so pleased Haejin has an Angel to look after him.
Always, at your service.

Hey Solis, for the length of wave three, are you using the chart pattern line to start the fib? It looks this way, but I just want to be sure:) Thanks in advance!

  ·  7 years ago (edited)

Trend-Based Fib Extension

Nice illustration! Still getting used to TradingView a few months in. This kind of thing is really helpful

Not helpful at all.

Do you use Tradingview? If not, I strongly recommend it, and it's free. What the image shows is this: From the left-hand menu, click on the icon shaped like a pitch fork. This brings up a menu of icons, part of which @solisrex shows. Select Trend-Based Fib Extension. Once selected, click once at a local bottom, so the bottom of wave 1. Click a second time at the top of Wave 1, and finally, click a third time at the bottom of wave 2. This lets you predict potential levels for wave 3. This is often at the 1.618 extension, in line with the circled wave iii in the image above. It can also be 2.618, 3.618, etc. This is an easy way to pick out some reasonable price targets. Hope that's more helpful...

How's that?

Agreed! I'm looking for a good training video on TradingView; I've spent a grand on 2 years for their most-comprehensive package, but I'm really only scratching the surface. Any pointers appreciated!

Thanks Solis! Very cool tool that I had no idea about. Much appreciated:)