ICON / Bitcoin

ICX/BTC Chart Update with Fibonacci and Fib Channel

408
Today I realized how to use the other tools :)

I used the fan tool on another BTC chart which I really like.

Anyway, just wanted to update my first ICT/BTC chart with FIbonacci which seems to roughly line up with the previous horizontal support lines which I had previously put up yesterday so I think this indicates that ICX has some healthy chart patterns (please correct me if I'm wrong).

Also, the purple area indicated by the parallel purple lines was my previous rough idea of a channel. I lined up a Fib channel tool stretched out as far as possible on the 4h screen using recent support and resistance trend lines as the outline for the Fib channel.

I am new to charting and I haven't seen this done before, so I just want to see if the previous fib and this fib channel tool will relate.

Our recent retracement support line seems to be at the first fibonacci line from before.

This is not financial advice, just learning TA and playing with cools. It's kind of like coloring, and reminds me of Rainbow Road in Mario Kart, hehe

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.