norok

Case Study of 50% Retracements - Bitcoin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is one of the most interesting case studies of 50% Retracements together at once that I can remember that Bitcoin is demonstrating over the last week.

The first Retracement Level was a rally off the recent low up to the time of the FOMC Meeting.

The second was the Crash as JPow was speaking.

The Current rally stopped at the 50% Retracement of the JPow speech.

This goes in my log book for case studies and if you study price action I suggest you do the same.

"Be to others the person you needed to meet 10 years ago"

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