Used fib extension to identify next steps on the wave (fib 1.27). And as always, keep an eye on the Queen (or king?) BTC!
Comment:
Negative News: China crackdown on crypto industry and initial coin offerings (ICOs) and ban of related websites.
If this goes on, expect an even more dramatic downfall.
I will update and re-chart in the next hours.
If this goes on, expect an even more dramatic downfall.
I will update and re-chart in the next hours.
Trade closed: target reached:
I should've trusted the chart more and followed what it says:
- Price fell into the fib retracement 1.272 as the theory says (wow);
- It fell exactly at the second LIME line number 2 (fib time zone).
Thanks and hopefully it was of some help to you
Please comment, review, follow, and like. Thank you!
- Price fell into the fib retracement 1.272 as the theory says (wow);
- It fell exactly at the second LIME line number 2 (fib time zone).
Thanks and hopefully it was of some help to you
Please comment, review, follow, and like. Thank you!
Here a much more bearish scenario with a fall to 0.2x range:
Thanks as always for your comments, reviews, follows, and likes.