HEY TRADERS, HERE'S A CHART FOR BITCOIN DISPLAYING A FIBONACCI RETRACEMENT FOR THOSE OF YOU WHO LOST MONEY AT THE ALL TIME HIGH OF $19,866.50. IF YOU DON'T KNOW HOW TO READ IT PLEASE LEAVE A COMMENT AND I'D BE HAPPY TO EXPLAIN. I'LL UPDATE THIS AS PRICE UNFOLDS. HAPPY HUNTING MY FRIENDS!
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
ANALYSIS:
+ IF CURRENT PRICE CONTINUES UP, WE WILL TEST $17,742.61. IF PRICE BREAKS THIS RESIST WE WILL TEST $19,866. IF PRICE BREAKS THIS RESIST WE ARE IN FOR SOME HUGE NEW HIGHS!!
+ IF PRICE DOESN'T BREAK ITS CURRENT POSITION ($16,484), WE WILL ENTER DOWNTREND AND TEST SUPPORT AT $13,480. IF PRICE BREAKS THROUGH THIS, WE WILL TEST NEXT SUPPORT AT BLUE SUPPORT LINE SHOWN.
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
ANALYSIS:
+ IF CURRENT PRICE CONTINUES UP, WE WILL TEST $17,742.61. IF PRICE BREAKS THIS RESIST WE WILL TEST $19,866. IF PRICE BREAKS THIS RESIST WE ARE IN FOR SOME HUGE NEW HIGHS!!
+ IF PRICE DOESN'T BREAK ITS CURRENT POSITION ($16,484), WE WILL ENTER DOWNTREND AND TEST SUPPORT AT $13,480. IF PRICE BREAKS THROUGH THIS, WE WILL TEST NEXT SUPPORT AT BLUE SUPPORT LINE SHOWN.
Comment:
PRICE MAY NOW TEST $13,490 OR $16,442
Comment:
$14,440 MAY BE TESTED BEFORE $13,490 ACTUALLY.