#64 - Fib bounce

Hey hey! How are you doing today?

Short update on Bitcoin on which we saw a bounce around the Fibonacci levels:

In case you haven't checked my most recent gameplan click here:

https://steemit.com/finance/@beindependentbb/62-we-need-some-momentum-over-here

The Fibonacci tool is taken from the local top to the local bottom.If we zoom in, we had a small HVF setup which already performed to its target:

Note how the target of our HVF coincided with the 0.382 Fib level and we see a really clear confluence of levels. Simplicity is key in trading sometimes most of the times :)

In case you don't have no clue of what a HVF is, check out the post where I go over the basis of HVF Theory and what characteristics of price behavior I am looking for on a chart:

https://steemit.com/trading/@beindependentbb/19-what-is-the-hunt-volatility-funnel-hvf

As always, take care!

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