Please see my recent ETHBTC idea for some description of my methodology. I do not use the fib tool in a "normal" manner
I placed the 50% (midpoint) level through the pause (doji bar) in this ongoing downmove. I removed all other fib levels to keep the chart clean but feel free to add all the other levels and drill down to lower timeframes to see if they presented any good support/resistance.
Anybody who still has any dry powder left and is convinced of bitcoin still in an overall bull should look for buy signals at 6850 and below
I placed the 50% (midpoint) level through the pause (doji bar) in this ongoing downmove. I removed all other fib levels to keep the chart clean but feel free to add all the other levels and drill down to lower timeframes to see if they presented any good support/resistance.
Anybody who still has any dry powder left and is convinced of bitcoin still in an overall bull should look for buy signals at 6850 and below
