Kurd0w

Bitcoin Support and Resistance levels gann and fibo levels

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Right now Bitcoin is not at real support level but in Resistance at price 6200 Dollar.

The next Support level is at 5050 but if we break this than the price will go down significantly.
see the Chart for more Support and Resistance Levels.

Also if you zoom in on Oktober 2013 than you will see almost the same patterns as right now!

Comment: If you have noticed that this price action is the same as 2013 until 2017. I have posted also the chart in my TV so look at both charts and you will see identical price movement in both chart.

First the Highest bar and then the first low after the High it stops at 61.80% fibo level. on this chart it breaks a little bit this level.
Also the waves after the first are identical.

So if we go through the whole fase than our support will be first at 78.60% but if BTC doesnt get support at around 5100 Dollar than we will retrace to 88.60% level! Thats roughly around 3200 Dollar

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out