BTC fib levels

in #bitcoin • 8 years ago

Almost Friday, fam.

Following up on my post this morning (chart re-posted below) as expected BTC did drop to the 618 fib level and has been porpoising off that level of support at ~6167 for most of the day. The price performed a fake-out and was rejected below the fib level on rather high volume, propelling it up into the target box predicted yesterday. If you had shorts set in the 6280 region, they likely were filled. I don't think we have the buy support to break up out of this zone so keep stops above the fib level and ride this puppy out... I'd bet we're headed back down for another dive.

2018-07-12 744am BTC fib bounce.png

It's Thursday so set your stops & take-profits, crack a beer, and get away from the screens.

2018-07-12 721 BTC bounce.png

Cheers guys

#trading #cryptocurrency #crypto #charting
8 years ago in #bitcoin by
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