reynar

BTC Stuck in a Fib Circle. Sideways movement. 17 APR Movement

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
As you can see, BTC has been trapped in that section of the the ficb Circle for some time.
I expect to touch the RED ARC at some point in the future.

If it happens soon, we will be down to 7800.
Otherwise, we will have more sideways movements.

It might drop to 7600 also, and that would cause it to became a little bit more bearish and a little bit more unstable
(volatile).


I posted a similar chart 2 days ago and it held up almost perfect. Today I just adjusted the fib circle a bit.

Comments

Now maybe you're just trying say it's doing something you want it to? If it keeps jumping from channel to channel, maybe they're the wrong channels? :D
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lazytrade lazytrade
@lazytrade, I suppose it depends on what kind of trading one is engaged in. :)
Reply
reynar lazytrade
@lazytrade, I'm interested in alts.
And I want to see where is BTC stable.
The channel is clear as day: it's the circle.

You could see on my previous chart that is held up to moving inside the circle with a slight deviation of $100.
Reply
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