Bitcoin Bitstamp 5Day moving average convergence/divergence
and fibonacci-based primary and secondary sine wave structures
established from historical MACD positive and negative momentum.
The MACD is displayed using the standard fast and slow lengths of 12 and 26, respectively.
Signal smoothing length is the standard value of 9.
For visual clarity, the...
All within 1.618 we are looking for a continuation pattern that is comparable to what was seen previously in this 1.618 zone
1.618 has been an obvious support level for price
Lets see how it evolves
Testing to see if 1.618 follows a bullish trend that was previously seen within the ring of the Fibonacci circle, hence creating the wave.
Here is my original analysis for Fib Waves which is still underway
I believe we will see a repeat bullish momentum throughout the fib ring.
Not much of an analysis for NEO but here we are.
