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EuroMotif
Nov 22, 2018 11:32 AM

BTCUSD headed to 3600 next (on CB) ? Bitcoin in serious trouble 

Bitcoin / United States DollarCoinbase

Description

All of these ridiculous Grey lines were plotted well before Jun 30th 2018 when I posted them here:
(drag down the right side price axis to reduce vertically and see all of the zones, or hit play conintuously)


The behavior thus far indicates one more leg down, to the next large zone below.

Hopefully that is NOT the case, as I am a permabull on crypto.
But the adherence to all of these Fib derived zones is just too precise to be made up.
This plan would be INVALIDATED if zone just above (4650) is broken and held.

Thus I will be looking to buy a bounce around the 3600 range.

Comment

Here we are, with a wee bit of a bounce at the fib
but does not look like much yet
Comments
monguilhot
Using fib timeframe.
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