CaptainCigar

Fib and trend channel support for BTC

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Rationale
0.5 bounce followed by retest of upper two levels
0.618 bounce followed by retest of upper two levels
can 0.786 bounce us back to 0.618 and 0.5?
this is the lower support of trend channels too.
lets see
Trade active: bounced perfectly
waiting for it to touch the upper fib seq
Trade closed: target reached: the bounce and reversal target has been perfectly touched.
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