btcinvests

BTCUSD (D): Fibo Bottom and Retracements (Fibo 0 > 23 > 38)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
people ask where is the bottom? currently i see the fibo 0 at 5,870 (max. down). that would also be ma 300. then the next question arises, where are the retracements. maybe at fibo 38. that would be 10,900.

this is a short update chart. I will continue to follow my other charts. this is all about analysing where the bottom is and the next retracements. my long-term view is unaffected.

My upcoming charts will be more based on btc             , so that those who have held btc             will find the coins that increase faster than btc             after the correction.

Possible retracements:
Fibo 0 = 5,780
Fibo 23 = 8,948
Fibo 38 = 10,909
Fibo 62 = 14,078
Fibo 78 = 16,333

Let's see what happens. Happy trading. :-)

See also:

https://www.tradingview.com/chart/BTCUSD/lT8PVjE1-BTCUSD-12h-Fourth-idea-of-a-trend-line-Nr-4-of-a-series/



https://www.tradingview.com/chart/BTCUSDT/ielRpUdO-BTCUSD-12h-Second-idea-of-a-trend-line-Nr-2-of-a-series/

https://www.tradingview.com/chart/BTCUSDT/kXF7A0aL-BTCUSD-12h-First-idea-of-a-trend-line-new-chart-series/
Comment: News: https://www.reuters.com/article/us-global-bitcoin-congress/senate-spotlights-virtual-currencies-as-bitcoin-price-swings-idUSKBN1FQ0KU
Comment: in addition ... The current news could give fresh boost to the anonymous currencies like ZCash, Monero, Dash ...
Comment: one more info-link. in short: has been so expected. https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission
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Thx for following A N D thx for helping.



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Interesting what you say, Zcash has recently left a 6month downtrend against BTC - Do you feel we have bottomed?
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btcinvests Nom_de_Guerre
@Nom_de_Guerre, i am working on th chart. here the current status.

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@btcinvests, Nice 8)
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Seems the Senate hearing went okay!
Reply
@leondb, yes
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@leondb, has been so expected. Actually, not something new.
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Thank you for the update. Nice to see that the MA300 is lining up with the fibo 0. Let's see!
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@PMT2PMT, :-)
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