/biz/ - Business & Finance

ETH FOLLWING THIS SAME BREAKOUT PATTERN FOR DAYS NOW THIS IS IT BOIS BUY THE DIP!!!

>fibonacci charts
>All these graphs trying to 'predict' resistance

ok just look at the 7 day chart senpai where did it last hit a resistance line? At 30, now it's hitting resistance around 40 give or take 2 dollars. Now hear me out here, maybe, just MAYBE is it because these are nice round numbers and miners/people like selling at these points and also have sell orders already placed at these (nice round) numbers?

HMMM boggles the mind 3deep5me Rocket Science Degree PhD required I know...

fibonacci is deifnitely a real concept but you have to think of reasons why PEOPLE would sell at these numbers as well., not just because it's how a "formula" goes, markets do what they want, coins like DASH recently proved that.

Pic Related, it's MY Chart, over 5000 hours in MS Paint

>fibonacci charts
>All these graphs trying to 'predict' resistance

ok just look at the 7 day chart senpai where did it last hit a resistance line? At 30, not it's hitting resistance around 40 give or take 2 dollars. Now hear me out here, maybe, just MAYBE is it because these are nice round numbers and miners/people like selling at these points and also have sell orders already placed at these (nice round) numbers?

HMMM boggles the mind 3deep5me Rocket Science required I know...

fibonacci ids deifnitely a real concept but you have to think of reasons why PEOPLE would sell at these numbers as well., not just because it's how your "formula" goes, markets do what they want, coins like DASH recently proved that.

Pic Related, it's MY Chart, over 5000 hours in MS Paint