Jump to content
PhiGuy

Buy orders triggered - Loading the boat

Recommended Posts

Fibo it's a nice tool but only as post de facto analysis.

Once a price peaks you can choose an infinite number of retracement levels down and thus you can never know if it stops retracing at the usually indicate levels (0,286 0,382 etc.). Therefore the tool also has retracement level 1,0 1,272 1,414 etc. which are not retracements but just the downtrend continuation below initial point. Fibo tool provides too many retracement and continuation levels to be useful in any prediction.

Only after the correction you can see that price went close to one of the indicated levels. but because there are so many levels it's by simple chance that one of them falls close to the actual retracement price.

 

 

Edited by JJJ2

Share this post


Link to post
Share on other sites
2 hours ago, Javim777 said:

We will be back where everything has started, under 3 cents. 

Garlinghouse will soon retire after recent massive XRP sells and price drop below 5 cents. He is a real genius.

Share this post


Link to post
Share on other sites
9 hours ago, PhiGuy said:

See y'all in 3-5 months :) (had my fill of xrpchat for now)...

Good luck to all those invested, and best wishes for the New Year. Have a wonderful Christmas.

 

Thanks for the update, feel free to stop by sooner than later. Happy 2020.

Edited by ManBearPig

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

×
×
  • Create New...