Thanks again Srezz for your insights, great as always, however, I was exactly on the same boat as you were when you posted this and when the ETH/USD was $180sh.. I saw it going down to $140sh (speaking of that, I didn't know that point was the weakly 34WMA, your 13, 34 and 89 numbers never stop impressing me) and then I was surprised with the next day rise with a 1d close slightly above the 1d 13WMA! I still can't find a reason for that, what do you think?
Markets are irrational. So, it's pointless to look for a reason. That's first.
Secondly, 13, 34 and 89 are not my numbers, - they are Fibonacci numbers, and what's important about Fibonacci numbers is that they relate to each other at the Golden Ratio, - the God's language of Heavens and Earth.
And last but not least, - the upward spike so far is within the limits of my analysis.
I was watching this earlier in the morning. Fascinating stuff.
hey srezz, i have known about the Fibonacci sequence and golden ratio for a while but there is a part i dont understand: how can Fibonacci numbers accurately predict any behaviour from a market?
Thanks a lot for your explanation and your emphasis on the Fibonacci numbers, It is always good to hear from experts like you, much appreciated