EuroMotif

BTCUSD bigger picture Retrace: Bitcoin's Favorite Fib since 7400

COINBASE:BTCUSD   Bitcoin
BTC has been bound to this fib that started with drop from 7400.
I have been posting the above snapshot in chat for some days now.
The near vertical climb can only result in a near vertical drop :(

Setup was perfect for a Slaughter of the Sheep as so often happens..
CNBC and all media was crying BULL and throwing out targets like 8k.
Whales kept support and then finally pushed a ''Blow off top" above resistance.

And now, the blood flows .....

.

Here is when I first posted that fib on Dec 18th, 2018


the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.