CME Bitcoin Futures Retrace 2019

٢٠ فبراير ٢٠١٩

Building on previous chart. Fibonacci downswing retrace is now 78.6%, for the 2019 descending triangle.

• Each orange vertical line, shows a CME date that was preceded by a bounce
  
• The price then drops all the way back down to test the lower trendline
  

٢٤ فبراير ٢٠١٩

ملاحظة

The size of the spike in CME volume may have caused the price to overshoot the triangle slightly.
After a double top in the 4100 to 4200 area, I would expect some pullback.

٢٨ فبراير ٢٠١٩

ملاحظة

After wicking to the 3900 area, we should start moving down now to the lower trendline.

٩ مارس ٢٠١٩

ملاحظة

The retraces seems to be currently 90% and 78.6%: