This is my first posts here, I will included more written content next time around, here is one of my favorite Fibonacci Tools charted with Bitcoin. Let me know if you have any questions or comments. Thanks.
Bitcoin - Fibonacci Exponential Moving Average Ribbons
- Thread starter iPhiTrading
- Start date
Fibonacci / Golden Ratio - Is an absolutely perfect sequence and is literally in every single aspect of life and our universe.. it also fractalizes and works on every single plane and dimension (including time).. but yet it is the wrong path? Do you have any valid information supporting your statement? Because I have charts and calls for days to validate it is not only the most accurate tool and indicators in use, but can also reliably predict future price action and trend changes down to the exact minute weeks in advance. Also, giving someone "advice" without any reason, proof, or information is about as useful as a shit flavored candy bar. Absolutely pointless.
Proverbs 12:15
the following is an answer to you, and is also a test of anyone's logical thinking ability which is necessary to win in this game.
- can there be any edge, in any simple math model like the fib, in today's age where any 3rd grader can come up with the same results with his laptop;
- if simple math models have no edge, how complex does the model have to be?
- besides the model complexity, what infrastructure is needed to support such model (think what the HFT guys are doing).
and fib is NOT in 'single aspect of life'.. and the stock market certainly does NOT follow it... you have charts/calls for 'days'?
I have account history for decades... I will tell you your account will never grow if you go by the 'calls for days' lol.