Bitcoins Fibonacci love affair with the 0.618 level... [BTFD]
מעודכן
Will 2018 history repeat itself?
In the past few years we can go back through bitcoins history and see many examples of the 0.618 fib level coming into play with its price action with the highs and lows, this is an extremely powerful tool to predict FUTURE movements...
Here are good solid examples of the major swings with BTC/USD and its Fibonacci retracements in 2018 and we are focusing on the current swing towards 7k
we will watch the momentum and volume and if bitcoin cannot get up and over this next projected fib level of 6900-7000 then its very likely to repeat the same patterns and will see price come down to test the lower 6k areas
On the other hand we are entering a very bullish time for bitcoin in the late autum all through the winter months, will this be the last retrace before the year is up? lets see what happens over the next weeks to see if this happens again...
One thing we can determine is that the swings are getting lower as we go further into capitulation and like a winding coil we can see a big break on the horizon, may it be ETF decisions or something else that fuels a late 2018 rally .
any questions or suggestions please join our Free Telegram channel which is also pump spam free too, bonus lol
peace up and safe trades
In the past few years we can go back through bitcoins history and see many examples of the 0.618 fib level coming into play with its price action with the highs and lows, this is an extremely powerful tool to predict FUTURE movements...
Here are good solid examples of the major swings with BTC/USD and its Fibonacci retracements in 2018 and we are focusing on the current swing towards 7k
we will watch the momentum and volume and if bitcoin cannot get up and over this next projected fib level of 6900-7000 then its very likely to repeat the same patterns and will see price come down to test the lower 6k areas
On the other hand we are entering a very bullish time for bitcoin in the late autum all through the winter months, will this be the last retrace before the year is up? lets see what happens over the next weeks to see if this happens again...
One thing we can determine is that the swings are getting lower as we go further into capitulation and like a winding coil we can see a big break on the horizon, may it be ETF decisions or something else that fuels a late 2018 rally .
any questions or suggestions please join our Free Telegram channel which is also pump spam free too, bonus lol
peace up and safe trades
הערה
![DOGE goes mad , no dev coins getting attention [BTFD]](https://s3.tradingview.com/x/XdQDtpm2_mid.png)
more examples of the power of the fib @ 0.618
הערה
props @alanmasters
הערה
![Bitcoins climb to 6700 with CBE future contracts looming [BTFD]](https://s3.tradingview.com/n/N4ing6fE_mid.png)
עסקה פעילה
![Bitcoin about to breakout... but which way? 5k or 7k? [BTFD]](https://s3.tradingview.com/p/poFYDGJv_mid.png)
הערה
daily CoP went bull
עסקה פעילה
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.