BTC and Fibs

That was a nice pump. Like I've been saying, I won't get excited until it breaks and stays above the 0.618 Fib. It has reached it 4 times but unable to stay above it. Nasdaq futures is up a whopping 2.5%. So no surprise BTC is also. The top of daily cloud is current resistance. Selling/shorting the 0.618 and buying/longing the 0.786 Fib would have been a good strategy. Although past performance doesn't guarantee future.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.