-Fib resistance arcs from the high point of $316.04 to $220 show where bitcoin should have and did find support on the way down, especially the arch channel between .382 and .5. According to where I placed my arches, bitcoin should find a some sort of rally near the end of April into early May.
-Fibonacci retracement levels from $207.70 to $307.15 show us some key levels for price action in the coming times, such as the .382 where we should find some resistance, the .114 level where we should find some support, and .618 for a possible ending for an end of the month rally tying into the fib arches.
-Yellow trend lines describe bitcoin's momentum and where bitcoin can expect to find a dynamic support and resistance. The price may possibly break out of the triangle a rally in accordance with the fibs arcs
Picture at the current time:
-Fibonacci retracement levels from $207.70 to $307.15 show us some key levels for price action in the coming times, such as the .382 where we should find some resistance, the .114 level where we should find some support, and .618 for a possible ending for an end of the month rally tying into the fib arches.
-Yellow trend lines describe bitcoin's momentum and where bitcoin can expect to find a dynamic support and resistance. The price may possibly break out of the triangle a rally in accordance with the fibs arcs
Picture at the current time: