BITSTAMP:BTCUSD   Bitcoin / Dollar
687 3 3
turning point with Fibunacci and trendline
I have the same results. Lets do this!
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Here again the lower green trend line that intersects exactly with the gray Fibunacci line of 410.93. These intersections are very strong resistances. Can understand very well at the intersections of the downtrend line .
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Sorry to ask a dumb question as a non-initiate into Fibonacci magic: What does the "No Fib. resistance" mean? I am half getting the previous failed breakouts and also the supports at the bottom.

However, the support line around 400 was hit before only by spikes, now by the whole market. Doesn't that leave the chance that the market might as well break through this support line - despite it being strong?
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