I have placed two separate fib-spiral wedges denoting Doge's original bear phase leading into the first bull phase breakout. I have placed a symmetrical channel over Doge with respect to the price target of ~$28, which also includes a black fib channel that shows the paramount importance of the 0.618 retracement thus far. We are at the crux... time is ticking. Readjusting the fib channel with respect to a low of ~$0.0001 and a high of ~$0.77 only manipulates the channel to where the current price is falling approx. halfway between the 0.5 and 0.618 fib channel retracement; the high for the posted channel is ~$28 and the low is ~$0.001. Reading the related idea and its related ideas will give you the grand picture of my analysis. Since the interactive chart manipulates the image, what it truly looks like is below. The point of the fib spiral is to constrain, in terms of the X and Y axis, as much of the chart that is pictured to what your hypothesis is, or what you are attempting to "measure," which gives the most accurate placement of the fib spirals.
Still image of posted chart:
This is the same chart, but now the bottom portion of the wedges are also fib spirals; these spirals are also predictive of the orange path:
Still image of posted chart:
This is the same chart, but now the bottom portion of the wedges are also fib spirals; these spirals are also predictive of the orange path:
Comment:
Comment:
The above image is blowing my mind... i just keep staring at it, ha ha.
Comment:
Comment:
I’m using the trend based fib extension if anyone has the thought that the black fib retracement looks “odd.”
