so just as I called in an earlier post. I spotted an ascending triangle on BCHSV/USD.
I also called for a .618 Fib retracement.
This is very simple.
first thing I do is identify a chart pattern. after that I see where it started and kinda find where it came from. just tracing the coins footsteps.
once I find where the pattern came from I start counting Elliot waves.
lastly, I determine which direction it is going, how far it will/can go, and decide if it is too late or a good time to enter a trade based on Fib ratios.
VERY SIMPLE.
Pattern
Elliott Waves
Fibonacci
here
is the first one. you can see a smaller fractal was in place. Now the bigger one has been completed.
I also called for a .618 Fib retracement.
This is very simple.
first thing I do is identify a chart pattern. after that I see where it started and kinda find where it came from. just tracing the coins footsteps.
once I find where the pattern came from I start counting Elliot waves.
lastly, I determine which direction it is going, how far it will/can go, and decide if it is too late or a good time to enter a trade based on Fib ratios.
VERY SIMPLE.
Pattern
Elliott Waves
Fibonacci
here
