BCH-Fibonacci Spirals 1.1 - BREAKOUT
This is a follow-up from my original idea. See related idea.
This is intended to give an idea of where the price of
BCHUSD is headed.
CRITICAL: Precise Coordinates (Price,Bar)
Step 1: Add an indicator to show Pivot Points and change the setting to (3,3).
Step 2: Go to the widest view possible which in this case is Monthly and begin adding spirals to the high and low pivot points. It is smart to choose one color. Also, start off by making the spirals counterclockwise and begin from the bottom to the top. Also, I put spirals on pivot high to pivot high this has a dashed red spiral.
The chart should now look similar to this...
Now, I'm going to work from bottom to top.
Here is how I look at the spirals.
Now, let's see where these spirals line up with a Weekly chart.
Daily
ZOOMED
That is enough for now. Please leave a comment if you have a question.
This is intended to give an idea of where the price of
BCHUSD is headed. CRITICAL: Precise Coordinates (Price,Bar)
Step 1: Add an indicator to show Pivot Points and change the setting to (3,3).
Step 2: Go to the widest view possible which in this case is Monthly and begin adding spirals to the high and low pivot points. It is smart to choose one color. Also, start off by making the spirals counterclockwise and begin from the bottom to the top. Also, I put spirals on pivot high to pivot high this has a dashed red spiral.
The chart should now look similar to this...
Now, I'm going to work from bottom to top.
Here is how I look at the spirals.
Now, let's see where these spirals line up with a Weekly chart.
Daily
ZOOMED
That is enough for now. Please leave a comment if you have a question.
Nota
524.99 (STOP)
Should be going up...
Nota
Fib Spiral still stands. Bottom of $473 still stands.
Nota
Aviso legal
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