BTC_Daily.Pips
Long

Long term Fib Channel

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
231 6 4
Fib Channel and retracements seem working pretty fine during the last one and a half year
When I hit play I see we're still inside your Fib channel. Almost touched that 0 line, then edged up with it.
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Yes, at the moment the bottom of channel about 440 which is the low of the previous months, under it would be very bearish, the fact that it got down to this lower channel shows that a higher market cap needs more power and time to push it for a big rally, we will see...
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Let's hope we bounce of the EMA 200 trend line support at around 550-560 US Dollar. We are almost breaking the EMA 100 line which sits at 588 US Dollar on Bitstamp.
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yes, but also a possibility to hit the 0 line at 500 or somewhere also
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ChartArt BTC_Daily.Pips
I also expect $500 or lower -- now that we are below most EMA trend lines. The StochRSI also shows a growing downtrend in the weekly chart as I show here:



+1 Reply
great to see to have same targets with differnt tools :D expecting atm to retest 60,0 then we will see if the 550-560 will hold again, around 500 looks a very good place to go long longterm :)
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