drumsta

Bytecoin spiked to 185% today!

POLONIEX:BCNBTC   None
Bytecoin spiked up today by amazing 185%. It has retraced since, for a overall increase of 87% from today's opening from bellow 0.236 Fibonacci retracement line, to slightly above 0.786. It is currently sitting just below the 0.5 Fibo level, but if we take into an account the fractal nature of the price action, every time this happened in the past the candle had a proper close with a big wick, but not as big as the current one. So I am expecting the price to surge again to those levels and close on the daily chart.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.