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tradermuffin
Apr 16, 2018 2:00 PM

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

Bitcoin / DollarBitfinex

Description

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!
Comments
andage
7750
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