Hi all,
A quick chart, but a good one.
This fib channel is a thing of beauty. Doesn't need much explanation. You can see how price reacts to the fib lines.
Price has remained in the top half since march 19th so a break of the median line would be notable. Every fib line has been respected very well by bitcoin so it would be safe to say that whatever direction btc decides to go those fib lines should cause a reaction.
and a reaction in the market is always an opportunity to trade.
Use this info to your advantage.
Cheers!
Cryptotoad
A quick chart, but a good one.
This fib channel is a thing of beauty. Doesn't need much explanation. You can see how price reacts to the fib lines.
Price has remained in the top half since march 19th so a break of the median line would be notable. Every fib line has been respected very well by bitcoin so it would be safe to say that whatever direction btc decides to go those fib lines should cause a reaction.
and a reaction in the market is always an opportunity to trade.
Use this info to your advantage.
Cheers!
Cryptotoad