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s-h-o-c-k
May 25, 2018 11:50 AM
BTC: Fib & Fractal suggest bullish reversal
Long
BITMEX:XBT
240
Bitcoin / US Dollar Index
BitMEX
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May 25, 2018 11:50 AM
Bottom might be in at around 7150, suggesting fulcrum bottom and reversal to 9000.
Fib 0.866 typical level for reversal (bearish gartley target). Bears running out of steam right now.
Bull:Break above 7800 validates scenario.
Bear: Break below 7100 invalidates scenario.
Full disclosure: I'm long since 7300 and will add to my position upon confirmation.
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