What are you pointing out here? You have pasted a hindsight indicator on a historical chart. What do you feel the indicator is showing you for the future price action over the next 7 trading days? Most "roasts" involve outrageous comedic insults directed at the honoree. Nothing to "roast" you on.
Nothing predicts the future gimme indicator that can? Everything is used to analyze trends. its pretty helpful to analyse trends and today i learned the there is 2 spellings for analyse-analyze.
Fib fans are as useful as Gann's pitchfork. Useless, annoying tools that everyone out there includes to seem "robust." I have watched the standard fibs over the past year on equity futures, and it has meant NOTHING unless you have 7 figures trading across multiple accounts with multiple dilution schedules. Your Fib does not help the low person. Therefore your thread title is bunk, unless you are typing to millionaires.
I suppose playing in high liquid markets such as crypto fib fans are pretty fucking great. Like i said its all to analyze the trend like everything thing else. Buy sell pressures and resistance and support are what i watch.
Crypto futures like BTC are not very liquid. I guess I do not know to what market you are referring. OK, I take it back. Your Fib fan works. After all, technical analysis like fib fans can work only on one market, like outright bitcoin. I so so so wish stuff like this could work on other markets like futures. Calgon, take me away!
Your comment prompted me to look it up, and now I've learned (or even "learnt") something, too ... https://writingexplained.org/analyse-or-analyze-difference https://en.oxforddictionaries.com/usage/learnt-vs-learned