tradermuffin
Long

BTCUSD retracement levels (Fib)- lining up pretty neatly...? :)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Interesting retracement values for this recent BTC             recovery rally... 0.386, .50, .628 levels lining up pretty neatly with support / resistance, and 78, 76 and 74 levels... and also with long term trendline (in Blue)
I think I'll enter some orders around 7820, 7650 and 7450...
Thoughts..?
Comment: that support trendline (in cyan) is holding up pretty nicely. We may continue to hold its pattern for a while, but if we break, I'll see next support around the 76 level. Best wishes folks!
7750
+2 Reply
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