Failing Fibs indicate a turn down by early next week
Bitcoin / U.S. dollarBitstamp
Description
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An active fib market usually gives some good trades within the UTC week.
But last two days nothing but the above, a weekly .302 which isn't exactly a sterling performer .
Added to which there is no correlation.
So, yes, if you feel you absolutely need to, go ahead but please keep your stop loss very tight.
We are topping this particular run and soon there will be some downside