This has totally failed!
While doing this I noticed that when I drew the Fib Time Zone that it lined up really close to the peak to peak line that I drew. As a matter of fact it seems that every peak has been following the Fib Zone 1,2,3...
Now price predictions are going to be much harder to predict. Since there isn't an old data to base future up swings on Fib Retraces are used instead. These Fib levels are more of just "zones" for where the price may eventually stop at.
There seems to be decreasing increase % wise from the peaks. It may in fact happen again or may just blow past that and suddenly have a steeper increase than the last peaks.
Volatility has a story to tell. Its been bursting higher and higher each round, but % wise decreasing lower and lower.
Odd that this round has also not seen the positive higher lows that were seen in the previous bubbles. Then again not all two bubbles are the same.
Regardless, this downward trend will break at some point during the coming weeks. But if it continues it may just go sideways for a while.
ATR says that the support for going down is continually dying and becoming less and less. Past ATR remained low until the point of where we broke up in parabolic moves.
While doing this I noticed that when I drew the Fib Time Zone that it lined up really close to the peak to peak line that I drew. As a matter of fact it seems that every peak has been following the Fib Zone 1,2,3...
Now price predictions are going to be much harder to predict. Since there isn't an old data to base future up swings on Fib Retraces are used instead. These Fib levels are more of just "zones" for where the price may eventually stop at.
There seems to be decreasing increase % wise from the peaks. It may in fact happen again or may just blow past that and suddenly have a steeper increase than the last peaks.
Volatility has a story to tell. Its been bursting higher and higher each round, but % wise decreasing lower and lower.
Odd that this round has also not seen the positive higher lows that were seen in the previous bubbles. Then again not all two bubbles are the same.
Regardless, this downward trend will break at some point during the coming weeks. But if it continues it may just go sideways for a while.
ATR says that the support for going down is continually dying and becoming less and less. Past ATR remained low until the point of where we broke up in parabolic moves.
