monerolucifer

BTCUSD bounce or break???

monerolucifer Updated   
BITSTAMP:BTCUSD   Bitcoin
The price maintains the correction at the Fibonacci ratio of 0.618
The question is, bounce or breakdown to Fibonacci 0.786?
while the correction on fibo 0.786 is a correction that is considered unusual and is likely to continue its trend towards ratio 1.

What do you think?
Comment:
while in the stock to flow ratio the price of BTCUSD is normally in the price range of 85k

The 'Stock-to-flow' is a number that shows how many years, at the current production rate, are required to achieve the current stock. The higher the number, the higher the price.

source: stats.buybitcoinworl...e.com/stock-to-flow/

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