Bitcoin re-tracement should be measured from .01 to $19891....
Looks like it's going for the 78.6% fib retrace, $4256 bottom target.
Buy order placed for 20 @ 4256
Buy order placed for 20 @ 4256
Trade active:
Fib levels updated to reflect down side movement for upward retrace. Once again it's the 78.6% level being of utmost importance. When it breaches it, Bitcoin makes new highs. Will it breach it? YES!
Do I know for sure, NO!
If it gets rejected there it bounces sideways between the .786 and the .618 level as support. Others are calling to sell, Uh, I wouldn't do that, at least not before the .786 test. So if YOU must sell cause someone has a gun to your head, I would say put a sell order in at 16320 level, and buy back at 13520 and 11553 before it returns to retest and surpasses the 78.6% level as it will be new highs from there.
Or, just hold like I do. Proud holder of wallet filled with Bitcoin.
Do I know for sure, NO!
If it gets rejected there it bounces sideways between the .786 and the .618 level as support. Others are calling to sell, Uh, I wouldn't do that, at least not before the .786 test. So if YOU must sell cause someone has a gun to your head, I would say put a sell order in at 16320 level, and buy back at 13520 and 11553 before it returns to retest and surpasses the 78.6% level as it will be new highs from there.
Or, just hold like I do. Proud holder of wallet filled with Bitcoin.
Comment:
Comment:
Fib .618 has been reached, next up is the all important .786 (78.6% retrace) level...
Comment:
As you can see, Bitcoin is really giving it's respect to the Fib levels in a precise manner. It's real folks....
