bitcoin

Bear Simulation 1

Short
bitcoin Updated   
BITFINEX:BTCUSD   Bitcoin
This is a series of studies to try and simulate Bears setups. There is a lot of scenarios, and this methodology is still empirical. So I still don't have magic perfect crystal balls predictions but this is not the target, my target is always to have a base for risk management. To calculate high ratios risk rewards. This is attempt 1, ONLY for a bear market ! This simulation put into conflict the possible end of bear market with 1.618 Circle Fib into the last previous low, if it ever breaks down them this is the fastest confirmation you get that bears market is still ON.
Comment:
Btc is testing the dashed curved support
Comment:
Looks like the dashed support is not perfectly accurate but overall it is there with minor adjustments
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