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CaptainCigar
Feb 5, 2018 7:17 PM

Fib and trend channel support for BTC  

Bitcoin / U.S. dollarBitstamp

Description

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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