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#1 - all TA ANALYSIS is backward LOOKING!
#2 - TA is helpful in providing CONTEXT and helping pro's develop hypothesis, but the BEST FREAKING TRADES are the ones that do the OPPOSITE of the chart analysis. (The real sharks know many foolish chart watchers are positioned, and the algos will slam the market in that direction, hitting stop orders and the ones positioneueeze d the other way wil buy off that Fib level) and then once every order they can sucker into or out of a position, THEN they enter their REAL POSITION BASED ON FUNDAMENTALS or HFT and immediately trap all the fishes they just suckered in and get a huge short squez or panic selling and they do it every day... they actually HUNT CHART LOSERS and EAT you for fucking lunch!!
#3 INVESTORS MAKE MONEY , traders LOSE MONEY, unless you know what your doing which basically means that you made millions trading (and even then if you try DAYTRADING you might as well BURN YOUR MONEY! Roll a J with it!!!
#4 - the most OBVIOUS LAUGHABLE thing about this chart is that your using TA, FIBS, and a FUCKING RATIO on what? GOLEM!! WTF bro.. there is NO FUCKING VOLUME!!!! TA only has a little value with E-mini S&P FUTURES, maybe SPY, AAPL... you can NEVER EVER EVER use TA with an ALT COIN!!! You obviously know nothing so i hope these words save you from a long life of losses.
#5 - this is the most IMPORTANT - even if this stu[id ratio bounces to the tick, its simply luck, or coincidence, you will develope CONFIRMATION BIAS and probably believe even more in it...
#6 - this is actually more important cause i can see you need help, and maybe your still young and i can save you - YOU ASKED FOR PEOPLE TO TELL YOU IF THEY LIKE IT!!!!
Listen bro, take it from a WISE elder DONT EVER THINK YOU KINOW IT ALL OR SEEK VALIDATION (you will instantly turn a woman off talkin like that, i should be charging you for this comment), you should be asking for people to CHALLENGE your opinion! That is how you learn! Always welcome an INTELLIGENT DISCUSSION, because the other opinion or guy with WAY more experience will always BENEFIT YOU, you will either A,) - learn something NEW which is what really helps.... or B)- feel more confident in your HYPOTHESIS now that you heard another side
and i caus i just noticed another comment who kinda told you your a fool cause there is NO VOLUME! BRO your an idiot for applying TA to GOLEM.a joke
#7 - also IMPORTANT - realize right now, that you/people form BELIEFS CONSTANTLY about EVERYTHING, YOUR BELEFS AFFECT every decision you make whether you realize it or not... and 99.99% of your BELIEFS ARE FORMED BY SOCIETAL NORMS and UNTRUE TRUTHS, and INCOMPLETE INFORMATION!!!! We do it almost daily, LEARN TO THINK, QUESTION EVERTHING THEN TRADE... by the way ill send you a bill for that advice! Its priceless..