I wonder why the market is so knee jerky with the delayed ETF, I mean in my opinion it will likely be delayed again in Sep till the Feb 2019 date. BTC did touch 6600 and looks like it recently just touched 6300 on the dollar (gdax). I have question about fibs, how do you know which fib to look at for possible resistances? we could take a fib from the 10k area, 8500, 7150 per you post, do we just run multiple fibs or once lower high is taken out we take a fib from the very next lower high ?
You are viewing a single comment's thread from:
You're right...ETF's may very well be delayed again. Fibs are generally taken from the latest swing high to swing low, or swing low to swing high of whatever structure you're analyzing . That can vary depending on how you're trading. As a day trader, I often zoom in on small microstructures on a 5 or 15 min chart that wouldn't even be seen on a higher time frame like the daily or weekly chart.