BTC_Daily.Pips

Bitcoin's Geography with Fibochannels' Grids

BITSTAMP:BTCUSD   Bitcoin / Dollar
Grids are built on one uptrend and one downtrend Fibonacci Channel, adding new channels as extensions. I solely use it for orientation purposes, provides additional info of the trend and positioning of the price.

For now, after the upswing got once again rejected by the 0.236 downtrend fibo channel line on 6th of April, we have entered a new both uptrend and downtrend inferior channel to resume the major longterm downtrend.

I hope you find this chart helpful! Cheers!
what does this look like on a longer timeframe like 4yr?
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BTC_Daily.Pips TokenBitcoin
2 years ago
Hi! Zoomed out my chart for a longer term perspective, additional channels can be added as extensions when needed; for now it covers only the range where price has moved:
snapshot
+1 Reply
BTC_Daily.Pips
2 years ago
Testing the uptrend channel line again as resistance at 237, should the bulls break it, the famous 0.223 downtrend fib channel line steps in again in the 249-253 region:
snapshot


Interestingly enough, both are harmonic targets of bearish bat now or bearish crab for the downtrend channel line for the next sell or short target:
snapshot
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BTC_Daily.Pips BTC_Daily.Pips
2 years ago
Update: tested and rejected:
snapshot


Important level here, just has to break this ema now:
snapshot
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