bigLITTLE

We found it! Fibonacci is on play! #2 More accurate.

Short
bigLITTLE Updated   
BITFINEX:BTCUSD   Bitcoin
Time to short!
Comment:
Potential fib short 10422.0 equal 50 EMA 1hr chart.
Although the trendline is broken. We see there's a fib in play based on previous candle starting from 21th February.

Will this be an official resistance?
Comment:
100 EMA*
Comment:
Umm.. Not to mention. There is a H&S pattern formed. This will go ugly.
Comment:
Claimer: This is not a trade advise. In fact, I believe they're garbage (Fibonacci). However, I found a pattern on the chart using Fibonnaci.
Comment:
Kumbaya!

I forget to tell. Never. Ever. Trade. Like. A. FOMO. Broken Trendline. Does Not. Mean. Reversal. Look. At. The. Volume.

In short, it is not wise to trade like a FOMO.
Comment:
Did not cross the trend line given by Fib Retract tool. Careful.

I still call for the down trend.
Comment:
 
Comment:

Whats up? Welcome to this consistent update analysis on Bitcoin 0.80% 0.73% based on our beautiful Fibonacci Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC 0.80% 0.73% appear to retract to 0.5 fib consistently.

It is also unwise to decide a Top or Bottom when the Volume is below Volume Average as some of you may call for reversal because of Bullish Divergence RSI MACD and trend line break out on the 1hr chart at Feb 23th, 10:00 GMT+7 (It's gone, don't bother to check it)

This information is not a recommendation to buy or sell.

**update, I got rid of MACD , RSI and else to clear up the chart (requested)
Trade closed manually:
Clearing ideas.
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.