Whats up? Welcome to this consistent update analysis on Bitcoin based on our beautiful Fibonacci Retractment Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC appear to love 0.236 fib, 0.5 fib, 0.786 fib. Additional rules of trend line (pink, dotted red, dotted blue, dotted red) act as a Support and Resistance and will nullify...
Whats up? Welcome to this consistent update analysis on Bitcoin 0.73% based on our beautiful Fibonacci Levels. Looking at the 4hr chart we see a consistent Fibonacci Levels, you can see BTC 0.73% appear to retract to 0.5 fib consistently.
It is also unwise to decide a Top or Bottom when the Volume is below Volume Average as some of you may call for reversal...
MACD and RSI says bullish. However, once again, the volume says otherwise. It is unwise to do trade at this circumstances.
Trendline is broken, but trendline vary from timeline and some may dismiss. 50 EMA, 200 EMA, and fib remain a possible resistance.
This is private analysis, not intended for public use. Therefore, there will be no drawing. Check older chart.
Written against @E55's idea.
#1 50 EMA remain as a resistance. Breaks above, inverse head and shoulder, breaks lower, 7016,3k (Fib Retractment 0.786), retest of 6k, 3,511k (Fibbonaci Retractment 1)