Why does Fibonacci work so well?

[Anonymous No.17952339]

[Anonymous No.17952363]

>>17952339
becaus retards believe in it

[Frenchbro !cJxLEZYaGY No.17952364]

you know it is going to dump back to 3K now?

[Anonymous No.17952381]

Where does fibby say we're going next

[Anonymous No.17952421]

>>17952339
>let's draw an stupid high amount of retarded lines
>wow a lot of them actually touch reversals how is that even possible

pic related is you

[Anonymous No.17952515]

>>17952364
please no

>>17952421
its just ratios between numbers found in the sequence: 1, 1, 2, 3, 5, 8, 13, 21, 34, etc

so divide a number with...
...the one previous: 1.618~
...with the one after: .618~
...with the 2nd one after: .382~
etc

[Anonymous No.17952555]

>>17952339
because enough big trading bots subscribe to them as part of their algo to make it a reality
tl;dr self fulfilling prophecy

[Anonymous No.17952603]

>>17952515
How do you get the 1.414?

[Anonymous No.17952775]

>>17952603
that's a non-fibonacci cheat code level: square root of 2. a few others in there are non-fib as well i got them from some vid

[Anonymous No.17952780]

>>17952339
Because if you draw 7 fib lines (0 through 1) and have a, for example, +- 3% tolerance around each line for seemingly relevant price action, you've labeled 36% of all possible prices in the selected range as potentially significant. Add multiple time frame fibs onto this and you're closer to 50% or more, which means you will notice a lot of 'interactions' over time.

Doesn't mean it's bullshit to use for trading though, it's good to have fixed prices around which you can make bets.

[Anonymous No.17952817]

>>17952363
Yeah, because nature, music, beauty, and harmony, and Johannes Keppler are all retarded.

[Anonymous No.17952946]

>>17952339
post p/l or fuck off with your fortune telling

[Anonymous No.17952987]

>>17952946
i dont trade. im holding about 14 BTC long term. you can draw this on a tradingview chart yourself using the fib retracement tool. its just uncanny how the price reacts to these levels

[Anonymous No.17953008]

>>17952987
I'm sure reading tea leaves will give me some 'uncanny' results as well

[Anonymous No.17953070]

>>17952339
It's tolerance levels that are also simple to read. Trading isn't about complicated math it's about doing as many trades per second as mechanically possible.

[Anonymous No.17953791]

[Anonymous No.17953802]

>>17953008
So will opening a good 'ol CAN OF DEENZ

[Anonymous No.17953822]

>>17953802
>DEENZ

[Anonymous No.17953865]

>>17952339
Bullish for Suterusu. Also, it's a mental game.

And : >>17952364

[Anonymous No.17954107]

>>17952339
>I wonder how it hit one the thousand lines

[Anonymous No.17954151]

women will only have sex with men who are perfectly fibonacci proportioned.

[Anonymous No.17954939]

>>17952363
Ok zoomer.

[Anonymous No.17955554]

>>17952339
If it only works well after it's been drawn on the chart, it's useless