cscarpa

BTC loves FIB levels! + possible inv. head & shoulders pattern?

Long
COINBASE:BTCUSD   Bitcoin
I'm frequently amazed how Bitcoin BTC follows Fibonacci Levels :) I'm not a big fan of using TA on Alts but with our "big brother" it seems to work beautifully! Adjust your trades accordingly and gain great profits riding the waves.

We could head up as the chart starts to show signs of a reversed head & shoulders pattern (though i'm not a big fan of patterns either). Watch the support levels on the downtrend from December, they will act as resistance on the uptrend ;)
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.