BTCUSD captive to this Fib since 7400: Bitcoin bottom at 2792 ??
تم تحديثه
This fib externsion series has defined/guided Bitcoin's moves since 7400.
I have been watching this fib since that peak.
It's extensions have been part of all my Ideas posted since then.
Each line has been relevant so far, and if not yet, it will be on the way back up.
The bad news is that this type of fib series usually ends at the 9.618 extension.
We are clearly slowing in the downtrend, but I do not think we have bottomed yet.
As a matter of fact, that peak at 7400 was predicated by a 9.618, which I posted back then:
.
I have been watching this fib since that peak.
It's extensions have been part of all my Ideas posted since then.
Each line has been relevant so far, and if not yet, it will be on the way back up.
The bad news is that this type of fib series usually ends at the 9.618 extension.
We are clearly slowing in the downtrend, but I do not think we have bottomed yet.
As a matter of fact, that peak at 7400 was predicated by a 9.618, which I posted back then:
.
ملاحظة
A closeup of the relevance of these lines just now ملاحظة
Nice, fib line at 3928 still very much in play ملاحظة
Still relevant, but this line has been pierced a couple times now ملاحظة
Continues to prove itself. If it falls below 3746 line, might be a fast drop to 3451 ملاحظة
PING ... ملاحظة
Red Alert errr GREEN Alert, line has been pierced ملاحظة
Update on last pic, close up of rejection at that 6.618 ملاحظة
Bulls are working to hold the 7.418 at 3746 ملاحظة
Still quite bound to this fib but with some variances ملاحظة
Sliced through the entire band in 10 minutes :( Now trapped below it ملاحظة
Coming back to test the top of this band which bulls really need to hold, else get trapped within band again .
ملاحظة
Back to fighting 3451.84 ملاحظة
Still in control .
ملاحظة
So we had a decent attempt to break above this band 7 .
ملاحظة
wow, still under the influence of this fib .
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.