btc dump Short

BITSTAMP:BTCUSD240

Bitcoin / U.S. dollarBitstamp

Description

⋅ Jul 20, 2020 4:44 PM

picked up those bars from the last btc dump to 3k ,

matches perfectly the fib circles ...

Comment

⋅ Jul 21, 2020 8:48 AM

orange fib respect to the tick

Comment

⋅ Jul 21, 2020 10:38 PM

orange fib crossed , expect move down to retest white fib

Trend Analysis BTCUSD Bitcoin (Cryptocurrency)bitcoinforecast Cryptocurrency

Comments

ST_ForexSignals

⋅ Jul 21, 2020 11:34 AM

Is it a picasso?

hassan612

⋅ Jul 21, 2020 1:26 PM

@ST_ForexSignals, just check how all those fib circles are respected by price action

Garlen

⋅ Jul 21, 2020 6:18 PM

yano if you inverted your drawing it would still hit that yellow circle on the way up

hassan612

⋅ Jul 22, 2020 12:30 PM

@Garlen, maybe could fit in some way, if it was perfectly symetrical.

But the key thing to me is the big white fib.

Crossing a fib circle that big (drawn on weekly) acting as support , will create a massive move down and become very strong resistance in the future.

let s see !