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UnknownUnicorn6061584
Jan 1, 2020 3:55 PM

BTC|USD - 78.60% Fib Retracement Short

Bitcoin / U.S. dollarBitstamp

Description

Greetings. Please leave a Like if you like the idea

Btc lost its 78.60% Fib support level and not its working as a resistance, which keep us to continue shorting.

But there is a good chance this is a fakeout, because price not seems to go downward. Long position should be taken right after the 78.6% Fib level broken to upward.

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Not a Financial Advice
Comments
UnknownUnicorn6047038
very nice analysis) btc follows the downward scenario after lost support. but it can be a simple fakeout
UnknownUnicorn6061584
@Alex_Clay, thanks for so kind words
UnknownUnicorn6061584
@Alex_Clay, nice chart
UnknownUnicorn6061584
@Alex_Clay, thanks for sharing it
UnknownUnicorn6061584
Guys there is a misspell in a headline. There should be "Resistance" instead of "Retracement"
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