Hi traders, I have done here small research. I took several heavy BTC historical price dips and drew Fib. to find out the strongness of them. The result is awesome, All of the sample dips here shows 70% price dip or around it. This time we are at 70% fib level as well. Are we in the recovery zone? Your comments are highly accepted.
only time will tell, but this, and the 200 DMA average support which hasnt been broken yet, but still tested, are the only things that hold me from selling right now
@AlexRex, hi at what level do we break the 200DMA. I entered in late and should have kept a stop loss but I did not. At this point I think I need to exit before any lower.
@chami2703, oh trust me. I learned that the hard way. Now i just want to get out before a lower move. What is the level i should be looking at to confirm a further decline. I bought in at 15k fyi
chami2703
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@Fiyi77, it is up to your ability to hold bro. you have to decide it with your own parameter inputs.