Will the final capitulation low also hit around the 78.6% Fib?
I noticed when pulling up the fib retrace from the all time low on Bitstamp at 2.22$ to the major up moves to A.T.H.'s - on the BTCUSD -2.20% weekly exponential chart,
the prices seem to be pulling back from A.T.H. to BTFD to the 78.6% Fib retrace level... so target would be in the mid 4K $ area.
Support should bounce here otherwise we would drop out of this trend and break the parabolic trend(?)
BTFD!
I noticed when pulling up the fib retrace from the all time low on Bitstamp at 2.22$ to the major up moves to A.T.H.'s - on the BTCUSD -2.20% weekly exponential chart,
the prices seem to be pulling back from A.T.H. to BTFD to the 78.6% Fib retrace level... so target would be in the mid 4K $ area.
Support should bounce here otherwise we would drop out of this trend and break the parabolic trend(?)
BTFD!