now that bitcoin is below the downtrend line in 1D, is the analysis the same or has something changed?
Abtin00
⋅
Bitecoin
⋅
Hey, great work.
I know you're a boss with fibs, but i was wondering why you didn't draw your first wave like this (between 0 and 1 price fib level) :
I tried to do it on my chart (i'm unsure of which TV tools you exactly use) and the 1.6182 fib level coincides exactely with the 2019 top.
This gives me close but slightly different targets for short.
Thanks for your work.
fract
⋅
@Bitecoin, because I tune local lowest/highest into fib. Also, because psychological level is projected into top of second wave correctly. We can clearly see why the second wave is more significant than first one.
Bitecoin
⋅
@fract, I realized after posting my message that the time fibs also didn't matched at all on my chart. Thanks for explaining.
fract
⋅
@Bitecoin, Bro, it's also because I measured historic fractal in such way. Therefore I had to put fib1 where it is.
Bitecoin
⋅
@fract, I wasn't criticizing your work, i was trying to understand it better. ;)