All the markets seem to respect the Fibonacci levels and #cryprocurrencies make no exception; after the big drop in the past days $ETH found support around $800 level and is going back up at $1000 per share. Interestingly, this level pretty much lines up with the Fibonacci 50% retracement. Are you #trading #ethereum?
Everyone is talking about a crackdown, a meltdown, a bubble burst.... I think this is just a (heavy) correction. At the moment $BTC is trading at $10000 per share, which is a major psychological level. Chances are this price level can hold, but if it doesn't there's no support until the next threshold which is $8000. Are you going to buy? At what price?
Price structure @ 0.9000 acted as resistance in the past and after it was broken it was retested as support (check the two big breakout candles). Now it's about to be retested as resistance and there's a nice confluence with an Bearish Cypher harmonic pattern formation lining up with such price level. Time to go short from there!