SImple Fib Retracements if we bottom in this zone

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Looking for potential resistance areas using basic Fibonacci Retracements from Peak to Trough, to line up potential trades if we bottom somewhere in this area.


I prefer using Highs and Lows like the alternative by ChartArt suggests, but even in your case, the end to the down move is very speculative... give it a chance to reverse first
+3 Reply
sammantic ToneVays
Of course it, that's why I said it was a simple Fib retracement. I did it more for a visual than anything else. I will probably put up a chart with Fibonacci cluster zones if I get more serious about a bottom.
This is the alternative version with high: 683.26 and low: 275.00

+3 Reply
are we bullish yet?
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